Thu.Mar 21, 2024

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FASB backs off bigger software accounting revamp

CFO Dive

It's been decades since the Financial Accounting Standards Board has made any major changes to GAAP accounting rules for software.

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CFOs prioritize employee compensation in budget allocations, reveals Gartner survey

CFO News

Amidst the financial landscape of 2024, CFOs are intensifying their focus on elevating employee compensation, as revealed by a recent survey conducted by Gartner Inc., reflecting evolving trends in budget allocations and retention strategies.

Budgeting 111
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Trending Sources

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Companies plan 4.5% pay raises this year, outpacing inflation: Payscale

CFO Dive

As price pressures fall, pay increases will help employees recover from the highest inflation in four decades, Payscale said.

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India to play a larger role in globalisation in coming decades

CFO News

India has emerged as a bright spot on the global map and the world is looking at India with a big hope. While the lead economic indicators are showcasing remarkable improvement, the recent study also shows that India will be an integral part of globalisation in the coming decades.

Economics 111
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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Marqeta CFO touts EWA expansion

CFO Dive

The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.

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More Trending

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Generative AI & Business Policies

VCFO

Generative AI is Here. Are Your Policies Ready? If you’re a business owner or executive who doesn’t yet fully understand generative AI, you may be adopting a wait-and-see approach before establishing a policy regarding its use in your workplace. Generative AI, however, is not waiting around and has likely already made its way into your business in some form or another.

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10-year TIPS reopening auction gets a real yield of 1.932%

Tips Watch

By David Enna, Tipswatch.com Blame it on the Fed. Early this week, it looked likely that today’s reopening auction of a 10-year TIPS — CUSIP 91282CJY8 — would generate a real yield to maturity of 2.0% or higher.

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BMO is transforming the future of banking – and we’re getting recognized for it 

Bank of the West

While banks may not traditionally have been viewed as innovators, BMO is committed to changing that. Leading with a Digital First mindset, we take an innovative approach to providing digital… Read more The post BMO is transforming the future of banking – and we’re getting recognized for it appeared first on About BMO.

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CFOs eye budget increase for employee compensation, Gartner says

Future CFO

Chief financial officers are planning to increase budgets for employee compensation, according to a survey by Gartner, Inc. In the survey, which asked 296 CFOs and senior finance leaders to understand how budgets and spending will change in 2024, 71% of CFOs seek to boost average enterprise-wide employee compensation in 2024 faster than inflation. “Even with tighter economic policy and pressure from boards and investors on profitability and employee productivity, CFOs are outpacing inflation tha

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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BMO Wins 2024 Celent Model Bank Award for Integration Excellence for Bank of the West Conversion

Bank of the West

Accolades continue for BMO’s historic conversion of Bank of the West’s (BOTW) two million customers, thousands of employees and hundreds of applications in the largest conversion in Canadian banking history.… Read more The post BMO Wins 2024 Celent Model Bank Award for Integration Excellence for Bank of the West Conversion appeared first on About BMO.

Banking 52
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Complete electoral bond data made public: Megha’s Rs 600 cr to BJP single biggest donation

CFO News

This emerged from analysis of data provided by State Bank of India (SBI) on electoral bonds as directed by the Supreme Court. The information was passed on by the bank to the Election Commission of India (ECI), which posted the data on its website Thursday evening.

Banking 52
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Watershed Distillery: Toast to a Successful Exit with FocusCFO

Focus CFO

Building Value for an Award-Winning Craft Distillery For many entrepreneurs, the ultimate goal is a successful exit. For Watershed Distillery, an award-winning craft distillery based in Columbus, Ohio, that dream became reality in 2023. This wasn't a stroke of luck, but the culmination of years of strategic planning and meticulous financial preparation with the support of FocusCFO's embedded Fractional CFO program.

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Income Tax dept asks many individuals to explain high value transactions of FY20-21 as Updated ITR deadline nears

CFO News

The deadline to file updated income tax return (ITR-U) is March 31, 2024 for FY 2020-21. In light of this deadline, the tax department is sending intimation to taxpayers urging them to check the AIS/Compliance portal regarding identified specified/high value transactions. If an individual is not being able to explain these transactions or give a satisfactory response, income tax notice will be sent.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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A Modern Nonprofit Podcast: Fundraising Hacks for Nonprofits

The Charity CFO

John Mark Vanderpool, co-founder of Social Impact Solutions joins the podcast today. With a focus in fundraising strategies, Tosha & John Mark settle here for the conversation as this is John Mark’s speciality. Simplifying vs. Diversifying Revenue Sources It is no surprise that clients have struggled in the final quarter of 2023. Year end giving wasn’t as projected and not to mention the conversations about inflation and rising costs has yet to settle, the non-profit space faces many chall

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Flipkart tweaks merit approach, converts hikes into payouts

CFO News

In effect, employees will get two lump sum payments in April and October this year, equivalent in value to the salary increase that would have otherwise been paid out throughout the year. About 19,000-20,000 employees would benefit from this, a Flipkart executive told ET.

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A financial controller's guide to IPO readiness

Future CFO

An initial public offering , or an IPO, undeniably poses both an opportunity and a challenge for a company. According to Controllers Council , with changes in the political climate and interest rates, opportunities can open as quickly as they close. While an IPO provides an infusion of capital, it’s not without its drawbacks, as finances will be analysed thoroughly and reporting will be adjusted.

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Hindustan Zinc may put off demerger

CFO News

In a letter to the mines ministry this month, HZL said it wouldn't push ahead with any demerger proposal that the government disapproves of and that it would take the Centre on board while adopting such a plan, people aware of the details told ET. "The matter is going to be put off, although the company would take a formal decision in due course," one of them said.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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FocusCFO Heads to the 2024 EPI Summit!

Focus CFO

FocusCFO is proud to announce our partnership with the Exit Planning Institute for their 2024 Exit Planning Summit April 28-30, 2024, in Marco Island, Florida.

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M&M, Adani Total Energies join hands to set up EV charging infra

CFO News

Mahindra & Mahindra collaborates with Adani Group's Adani Total Energies E-Mobility Limited to expand EV charging infrastructure, benefiting XUV400 owners. The partnership focuses on enhancing customer experience, energy transition, and meeting climate action goals.

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MV Rao, MD & CEO of Central Bank of India, appointed as IBA chief

CFO News

Further, the committee has also appointed three Deputy Chairmen of the association. Further, Madhav Nair, Country Head and CEO, Bank of Bahrain and Kuwait, would be Honorary Secretary of the Association.

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Shapoorji Pallonji Group seeks up to $2.4 billion from lenders

CFO News

The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to 150 billion rupees, the largest chunk in the planned fundraising, the people said, asking not be identified because the details are private. Negotiations are ongoing and details of the lending could change, they added. It’s also gauging interest from Davidson Kempner Capital Management and Cerberus Capital Management LP, the people said.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Online gaming continues to grow, but GST change to “moderate” monetisation: report

CFO News

According to a report from real money gaming (RMG) firm Winzo and non-profit firm Interactive Entertainment and Innovation Council, India currently has about 560 million gamers, of whom 144 million paid for games in 2023

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RBI readies framework for SROs

CFO News

India's central bank sets guidelines for SROs including grievance redressal mechanisms, non-discriminatory fees, and adherence to regulatory standards to ensure fair and transparent operations in various sectors.

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Enough opportunities in smallcaps, but largecaps offer better value: Krishna Sanghavi

CFO News

Krishna Sanghavi predicts India's shift towards manufacturing for export and import substitution will drive growth in core economy sectors. He emphasizes the importance of capacity building to meet future demand and promote consumerism, aligning with the evolving market trends. Sanghavi also says: "For now, largecaps offer as overall space far more value, far more investable opportunities.

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GenAI can be a gamechanger for tax compliance: PwC study

CFO News

At present, there is usually a time gap between the specific regulatory requirements and readiness of an organisation to be able to correctly furnish large amounts of data at the outset. With GenAI, managing complex tax compliances can become easier, the study noted.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.