Wed.Jun 05, 2024

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The CFO’s role in the age of generative AI

CFO Dive

CFOs are the strategic transformation partners CEOs need to ensure swift and successful generative AI adoption.

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Modi 3.0 has heavy lifting to do on tax reforms to managing stock risks

CFO News

Economists outline key priorities for India's incoming government, emphasizing the need for growth, job creation, and macro stability. Pronab Sen highlights the importance of sustainable livelihoods, while Pranjul Bhandari suggests that 'easy' reforms could maintain 6.5% growth. However, achieving 70 million jobs requires politically sensitive reforms in agriculture, labor, and land.

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Trending Sources

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FASB seeks comment on narrow hedge accounting fix

CFO Dive

Despite a unanimous vote, some board members expressed concern the proposed improvements to GAAP hedging guidance do not go far enough.

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Hiring Your First Employee: What You Need To Know To Cover Your Compliance Obligations

Nerd's Eye View

For the most part, solo advicers launching their first practice often have plenty of time and not a lot of revenue, which means they tend to take care of every aspect of the business themselves. As their practices grow and they start to serve more clients, though, advicers invariably reach a point where they simply don't have the time to do everything on their own and need to decide whether to make their first hire (or not!).

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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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Cyberattacks pose mounting risks to creditworthiness: Moody’s

CFO Dive

“As more data becomes available — thanks to recently adopted disclosure requirements — attacks continue to proliferate,” a Moody’s executive said.

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More Trending

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Alphabet taps Eli Lilly veteran to replace longest-running CFO

CFO Dive

Anat Ashkenazi will succeed Ruth Porat, a powerful Silicon Valley leader who took the tech giant’s finance reins in May 2015.

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CEO Turnover Rising

Global Finance

High-profile CEOs are heading to the exit door. At Boeing, Dave Calhoun, infamous for his entanglement in the 737 Max crisis, will leave the aeronautics giant at the end of the year. Meanwhile, Chairman Larry Kellner will not stand for reelection, and Stan Deal, the CEO of the commercial airplanes division, is out. Clothing retailer Gap is also freshening up.

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1,006: Finance and Strategy: A Dual Approach | Jorge Stevenson, CFO, Yuvo Health

CFO Thought Leader

CFO Jorge Stevenson’s finance career journey begins in Santiago, Chile, where both his parents were leaders within the business community and instilled in him the importance of finance when it comes to achieving business success. Jorge’s formal business education began with an MBA from Duke University, where he honed his finance. His professional journey includes pivotal roles at a number of different organizations.

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New Sovereign Wealth Funds Have New Remits

Global Finance

The previous decade saw a wave of sovereign wealth funds (SWFs) driven by a commodity market boom and foreign exchange reserves. Governments from Chile to the United Arab Emirates (UAE) use sovereign financial vehicles to diversify their economies and investment portfolios, secure intergenerational wealth and provide stability against shock events while aiming for better financial returns in more lucrative asset classes.

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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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Anaplan Reviews

The Finance Weekly

FP&A, or Financial Planning & Analysis, is where finance and corporate management meet, helping make all the important present and future decisions in the company. More and more finance teams are turning to FP&A software solutions to help them handle financial planning, budgeting, forecasting, scenario modeling, reporting, and analysis—all in one place.

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SEBI eases timelines for material event disclosures by FPIs

CFO News

Financial markets regulator Securities and Exchange Board of India (SEBI) has relaxed timelines for disclosure of certain material changes or events by Foreign Portfolio Investors (FPIs).

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Top CFOs have mixed views on impact of coalition government on India Inc and economy

CFO News

Amidst India's 2024 election results, top CFOs reflect on the implications of coalition governance for India Inc and the economy. Delving into the dynamics of the NDA's victory and the challenges of coalition politics, they offer insights into policy concerns and economic prospects.

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Job market recovery may slow, for now

CFO News

The absence of a decisive mandate in the 2024 elections may impact job market recovery temporarily. Coalition partners will have a stronger voice in policy decisions, affecting investor sentiment. Experts anticipate a short-term slowdown in job creation.

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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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Climate change: Cos need some big changes on compliances

CFO News

World Environment Day holds significance for companies amidst climate change. India Inc's environmental compliance record shows room for improvement. Only 122 of the top 1,000 companies disclosed conducting EIAs in their FY23 reports sourced from Prime Database.

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Modi 3.0 mandate may be weaker, but Indian economy has a robust growth outlook: Fitch Ratings

CFO News

Fitch Ratings has maintained a positive outlook on India's medium-term economic growth, citing substantial government capital expenditure and strengthened corporate and bank balance sheets. The BJP-led NDA is likely to form the next government, and India's strong medium-term growth outlook is expected to remain intact.

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NBFCs' funding costs to rise as banks cut back

CFO News

The cost of funds for non-banks in Mumbai may rise by 200 to 300 basis points as banks reduce funding. Recent data shows a drop in bank funds to non-banks. RBI's actions have impacted bank loans to non-banking financial companies, leading to potential margin squeezes.

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Job demand in renewable energy sector surges 23.7 pc in FY24: Report

CFO News

The renewable energy sector is seeing a rise in demand for roles like solar PV technicians, wind turbine installers, roofers, and storage operators, in addition to a decline in attrition rates to 33.5% in FY24.

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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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Which global leaders will attend Modi's oath ceremony? All you need to know

CFO News

The people cited above said top leaders of Bangladesh, Sri Lanka, Bhutan, Nepal and Mauritius are likely to be among the foreign leaders to be invited for Modi's oath-taking ceremony. The media division of Sri Lankan President Ranil Wickremesinghe's office said Modi invited him to the swearing-in ceremony. It said Wickremesinghe accepted the invite.

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Vedanta's demerger plan clears major hurdle with SBI approval

CFO News

Vedanta's demerger aims to create distinct businesses for better market maneuverability. Credit rating agencies assign strong ratings to Vedanta's debt instruments.

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Sebi asks Religare to file Burmans’ open offer plan

CFO News

Sebi directs Religare to apply with open offer proposal by Burman family to purchase additional 26% stake from public shareholders.

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BHEL gets over Rs 3,500 cr order from Adani Power

CFO News

The order's total worth is more than Rs 3,500 crore, excluding the GST, the company added.

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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