Wed.Aug 21, 2024

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How to Properly Structure Your SaaS Accounting Foundation

The SaaS CFO

The Software as a Service (SaaS) business model revolutionized the on-premise software industry. I started out in software in 2004. One-time software sales and annual maintenance at 18% of the perpetual license. We weren’t talking CAC Payback and Gross Revenue Retention. But we were talking gross margins and margins by revenue stream. SaaS introduced a […] The post How to Properly Structure Your SaaS Accounting Foundation appeared first on The SaaS CFO.

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SEC approves tougher rules targeting auditor ‘negligence’

CFO Dive

Two out of the agency’s five commissioners voted against the stricter standards, warning that they may hinder efforts to expand the ranks of auditors.

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Trending Sources

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Utilizing Swap Powers In Irrevocable Trusts To Add Flexibility And Income Tax Efficiency

Nerd's Eye View

Irrevocable trusts lie at the heart of a variety of estate planning strategies, as gifts to irrevocable trusts can allow for the transfer of assets outside of an owner’s estate for estate tax purposes with more structure than an outright gift. The downside, however, is that irrevocable trusts are "irrevocable" and can't easily be undone; in moving assets to the trust, the original owner gives up their authority over the assets, with the trustee taking over the management and distribution o

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Marqeta CFO eyes fintech ‘winners’ following mixed earnings

CFO Dive

With the fintech sector maturing, the card issuing platform is turning its attention to capitalizing on rising opportunities in the space, CFO Mike Milotich said.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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How AI and workflow expand the boundaries of digital business partnering and finance team value creation

Jedox Finance

Effective communication and collaboration are no longer just nice-to-have — they are essential for driving success. The Office of Finance is at the heart of every organization, overseeing financial strategy, risk management, and operational efficiency. Often it is a challenge for finance teams to align with stakeholders across business units, departments, and time zones.

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Fast Track Subscription Billing & Revenue Reporting in SAP Cloud Public Edition

Bramasol

The proliferation of subscription-based, recurring revenue offerings in the Digital Solutions Economy (DSE) presents both opportunities and challenges. In the customer driven DSE model, companies need to adapt their processes to meet a dynamically changing range of customer needs, while also assuring robust backend processing with integrated revenue compliance.

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FTC exceeded its authority with noncompete ban, judge says

CFO Dive

The agency’s rulemaking under Sec 6(g) of the FTC Act is procedural, not substantive, Judge Ada Brown of Texas federal court says, blocking a nationwide rule that would have taken effect shortly.

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ATM: Aswath Damodaran on the LifeCycles of Companies

Barry Ritholtz

At The Money: At the Money: Learning Lifecycles of Companies. (August 21, 2024) The Magnificent Seven, the Nifty Fifty, FAANG: Each of these were popular groups of companies investors erroneously believed they could “Set & Forget,” put them away forever, and you’re set for life. But as history informs us, the list of once-great companies that dominated their eras and then declined is long.

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How Fundraisers and Accountants can Better Communicate

The Charity CFO

The relationship between fundraisers and accountants in a nonprofit organization can be challenging. Fundraising and accounting departments provide vital services to the organization, but when they fail to communicate, it can lead to financial errors. Bridging this communication gap can help your organization ensure every dollar raised is used effectively.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Anticipating Financial Challenges: Strategic Measures for Corporate Finance

CFO Talks

Anticipating Financial Challenges: Strategic Measures for Corporate Finance As a CFO in South Africa or elsewhere in Africa, you’re no stranger to the financial hurdles that come your way. Economic shifts, new regulations, and technological changes constantly test your ability to keep your company financially stable. But what if you could not only anticipate these challenges but turn them into opportunities for growth?

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Indian IT sees CFO churn; some join rivals

CFO News

The Indian IT sector experienced rapid CFO changes in under a year, with notable executives moving to rival firms. Wipro sought Rs 25 crore from ex-CFO Jatin Dalal for joining Cognizant but settled for Rs 4 crore. Other major shifts include new CFOs at LTIMindtree, Persistent Systems, and HCLTech. Regulations for CFO appointments remain minimal in India.

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Navigating IFRS, Key Updates and Changes

CFO Talks

Navigating IFRS , Key Updates and Changes Introduction In today’s fast-paced financial world, staying up to date with the latest International Financial Reporting Standards (IFRS) is critical for CFOs. As the financial leaders of organizations, CFOs in South Africa and across Africa need to ensure their accounting practices align with global standards.

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Inflation must slow to 4% for rate cut: RBI Governor Shaktikanta Das

CFO News

Reserve Bank of India Governor Shaktikanta Das stated that inflation should settle near the 4% target sustainably before any rate cut can be considered. Although July saw a dip, inflation is expected to rise again from September. Current policy aims at price stability, economic growth, and reforms in various sectors.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Q&A: Ex-St. Louis Fed Chief Bullard On Rate Cuts, Global Economic Tensions

Global Finance

James Bullard, the former president of the Federal Reserve Bank of St. Louis from 2008-2023 and a former member of the Federal Open Market Committee, was named the dean of the Mitchell E. Daniels, Jr., School of Business at Purdue University in July 2023. Bullard talked with Global Finance magazine recently about a wide range of issues. The interview was edited for length and clarity.

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18% GST on insurance a barrier, negatively impacts Indians’ affordability: HDFC ERGO’s Parthanil Ghosh

CFO News

The insurance companies determine the gross premiums that are applicable basis the expected cost of claims and associated expenses. These premiums are loaded for the applicable GST. Thus, an insurance policy with a premium of Rs 15,000 will have an additional cost of Rs 2,700 (Rs 15,000*18 per cent). The input tax credit availed by an insurance company against the services procured ensures that these costs are not passed on to the policyholders.

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FM Nirmala Sitharaman urges income tax department to simplify tax notices and avoid 'threatening tone'

CFO News

During the 165th Income Tax day celebration, Finance Minister Nirmala Sitharaman encouraged the Income Tax department to foster a fair and friendly reputation among taxpayers. She highlighted the importance of simplifying the language used in tax notices to ensure they are easily understood by the public. Sitharaman also congratulated Indian taxpayers on their achievements.

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IndiGo to challenge penalties related to input tax credit issue

CFO News

IndiGo decided to challenge two penalties amounting to Rs 3,50,299 over input tax credit disputes. A Rs 1,77,046 penalty from Odisha for FY 2017-18 was upheld, and the airline is set to appeal it at the tribunal. Additionally, a Rs 1,73,253 penalty in Kerala will also be contested.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Review of Income Tax Act will be completed in given timeframe: CBDT Chairman

CFO News

The work, though challenging, was transformative and "we have taken the assignment in a mission mode", the Central Board of Direct Taxes (CBDT) chief said.

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Inter-ministerial group to draw up MSME scheme

CFO News

Finance minister Nirmala Sitharaman had announced an MSME package in the budget that included a credit guarantee scheme to cover loans of up to Rs 100 crore by MSMEs for purchasing machinery and a guarantee fund for 'stressed MSMEs' or MSMEs in the 'special mention account' to prevent them from becoming non-performing assets (NPAs).

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52% of MSME B2B payments overdue for 90+ days in major Indian cities: Recordent survey

CFO News

As per the report, Mumbai demonstrated a much better payment behaviour with 29% of payments overdue for more than 90 days.

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CCI nod sought for merger of Tata Motors Finance with Tata Capital

CFO News

Tata Capital Ltd has applied to the Competition Commission of India for approval to merge with Tata Motors Finance Ltd. The merger, approved by both companies' boards in June, will see Tata Capital issuing equity shares to TMFL shareholders, resulting in Tata Motors holding a 4.7% stake. The move aligns with Tata Motors' focus on emerging technologies.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Premji invest, Ranjan Pai team looks to board Akasa Air

CFO News

Premji Invest and Claypond Capital are in discussions to invest approximately $125 million for a significant minority stake in Akasa Air, valuing the airline at over $350 million. This investment demonstrates confidence in Indian carriers, historically struggling to attract interest. The funds will support expansion and aircraft pre-delivery payments, diluting the Jhunjhunwala family and CEO Vinay Dube's stake.

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Success of Paytm biz acquisition hinges on effective customer transition, team integration: Zomato CEO

CFO News

Zomato's purchase of Paytm's events and movie ticketing division hinges on effective customer transition and team integration, as noted by CEO Deepinder Goyal. The Rs 2,048 crore deal includes onboarding 280 employees. Initial operations will remain on separate apps, later merging into a new app, District, aimed at consolidating dining and event services.

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Forbidden no more: India begins OKing Chinese proposals

CFO News

Prominent names that have recently got approval include Chinese electronics major Luxshare, which is also a vendor for Apple, and a joint venture (JV) between Bhagwati Products (Micromax) and Huaqin Technology, in which the Chinese company will own a minority stake. Other proposals cleared include some Taiwan-based firms listed in Hong Kong or having investments from there.

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MEITY's Common Service Centre brings Fortinet to beef up cybersecurity for rural India

CFO News

Fortinet and CSC SPV are teaming up to enhance cybersecurity for rural India's e-governance services, boosting protections and training for broadband-enabled Common Service Centres, supported by MEITY. ETCFO brings you the details of what this MoU signifies. Read here.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.