BP makes interim CFO permanent
CFO Dive
FEBRUARY 2, 2024
With Kate Thomson, the London-based oil giant holds a spot in the still relatively rarefied ranks of major companies with women in the top finance seat.
Fri.Feb 02, 2024
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The Benefits of Cloud ERP for Growth-Focused Companies
Navigator SAP
FEBRUARY 2, 2024
Some startups grow over time. Others move fast and chase the unicorn status of a $1 billion valuation like sustainable shoe manufacturer, Rothy’s. For slow-growth businesses, there are many options for backend IT systems. But for fast-growing companies that are growth-focused, there really is only one path: cloud-based ERP. Enterprise resource planning solutions (ERP) are the backbone of most businesses today, and for obvious reasons.
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US economy will likely cool as ‘real’ interest rates rise: ACCA
CFO Dive
FEBRUARY 2, 2024
As the economy avoided a downturn last year, confidence among CFOs rebounded close to the long-term average, the ACCA said.
Empower Growth and Accelerate Innovation in Life Sciences with SAP S/4HANA Cloud Public Edition
Navigator SAP
FEBRUARY 2, 2024
Growing a life sciences business is not an easy task. The life sciences industry presents plenty of opportunity, but operational complexity and regulatory challenges also are significant. You know this as an executive at a life sciences business. We understand the challenges of growing a life sciences business as well, because we’ve been helping life sciences businesses scale for many years as a leading ERP implementation partner that specializes in your line of business.
The Growth Architect: How Financial Leaders are Unlocking Potential
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
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I-T dept will erase petty tax demands on its own: CBDT chairman on Budget announcement
CFO News
FEBRUARY 2, 2024
Union Finance Minister Nirmala Sitharaman had on Thursday declared the government's proposal to withdraw outstanding direct tax demands up to Rs 25,000 till 2009-10 fiscal and up to Rs 10,000 for financial years 2010-11 to 2014-15.
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Rich taxpayers will now need to give more details, ITR-2, ITR-3 for FY 2023-24 notified by CBDT
CFO News
FEBRUARY 2, 2024
Taxpayers earning over Rs 50 lakh or owning multiple houses must provide additional information when filing income tax returns (ITR). The Central Board of Direct Taxes (CBDT) has released ITR-2 and ITR-3 forms for the FY 2023-24 (AY 2024-25), with a deadline of July 31, 2024. ITR-2 and ITR-3: Income tax return (ITR) forms have been notified by the central board of direct taxes (CBDT) via an notification in e-gazette.
MiB: Tom Hancock, GMO Focused Equity
Barry Ritholtz
FEBRUARY 2, 2024
This week, we speak with Tom Hancock, a partner at GMO LLC, where he is also head of the Focused Equity team. He manages the focused quality fund and its new Quality ETF, and is the portfolio manager for quality strategies. He previously served as co-head of the firm’s global equity team. Before joining GMO, he was a research scientist at Siemens and a software engineer at IBM.
Centre likely to achieve Rs 1.2 lakh crore revenue target from telecom sector
CFO News
FEBRUARY 2, 2024
The mop-up is likely to be made possible due to improving financial health of the telecom sector, leading to rise in licence fee and spectrum charges, while a good quantum of money will come from state-run Bharat Sanchar Nigam (BSNL) for its 5G spectrum payment. The company never participates in auctions but always pays a market-determined price for its spectrum needs.
The role of predictive analytics in modern CFO strategies
CFO Talks
FEBRUARY 2, 2024
In the evolving role of a Chief Financial Officer (CFO), mastering risk management, budgeting, and forecasting tools is crucial. These competencies not only strengthen the financial backbone of an organisation but also prepare it to navigate through uncertainties and market volatility. Risk Management: Effective risk management is a multifaceted approach, involving more than just financial analysis.
2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)
Advertiser: Paycor
Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!
Govt to withdraw 1.1 crore small tax demands totalling Rs 3,500 crore: Revenue Secretary
CFO News
FEBRUARY 2, 2024
In her interim budget speech for 2024-25, Finance Minister Nirmala Sitharaman announced withdrawal of outstanding direct tax demands up to Rs 25,000 pertaining to 2009-10 and up to Rs 10,000 for financial years 2010-11 to 2014-15, to benefit about a crore tax-payers
Exploring the 4-Day Work Week: A Financial Perspective for CFOs
CFO Talks
FEBRUARY 2, 2024
In the wake of the post-pandemic era, businesses have undergone substantial transformations, particularly in embracing flexible work arrangements. One emerging trend gaining increasing momentum is the 4-day work week. But the question looms: Can Chief Financial Officers (CFOs) realistically embrace this model without compromising financial efficiency and productivity?
India certain to become the world's third-largest economy during our third term: PM Modi at Bharat Mobility Global Expo 2024
CFO News
FEBRUARY 2, 2024
Prime Minister Narendra Modi expressed confidence that India will become the world's third-largest economy during the third term of his government. Speaking at the Bharat Mobility Global Expo 2024, he highlighted the transformative growth in the mobility sector, noting the surge in vehicle sales and the shift toward electric vehicles. PM Modi emphasized the role of the mobility sector in achieving the goal of making India a developed country by 2047.
Ex-Trump CFO in perjury plea talks: NY Times
CFO Dive
FEBRUARY 2, 2024
A potential deal requiring ex-Trump CFO Allen Weisselberg admit to perjury comes as a ruling is imminent in the NY AG’s $370 million civil fraud case.
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
Monthly GST mop-up from online gaming companies jump 400 pc since October 1
CFO News
FEBRUARY 2, 2024
Monthly GST collections from online gaming companies have surged by over 400% to Rs 1,200 crore since October 1 due to the implementation of a 28% tax on e-gaming platforms. The GST Council clarified last year that online gaming companies must pay 28% GST on the full face value of bets.
Stricter GST return norms will make life easier for the honest: CBIC Chief
CFO News
FEBRUARY 2, 2024
"I feel that this tightening is not actually making the life of taxpayers difficult but it is making the life of honest taxpayers easy," Central Board of Indirect Taxes and Customs chairman Sanjay Kumar Agarwal said in an interview to ET. He said there will be no need for enforcement action if return filing is tightened.
Budget 2024: FMCG industry expresses optimism on govt's vision for inclusive growth
CFO News
FEBRUARY 2, 2024
As Finance Minister Nirmala Sitharaman presented the Budget in the Parliament on February 1, it has laid the foundation of inclusive growth that will lead to ‘Sabka Vishwas', the industry experts believe. The budget emphasizes support for the underprivileged - 'Garib,' 'Mahilayen,' 'Yuva,' and 'Annadata' (the poor, women, youth, and farmers). With these initiatives, the FMCG industry can expect a good response from the rural markets for FMCG in the mid to long term.
Thrust is on letting economy grow on its own momentum: CEA Anantha Nageswaran on next-gen reforms
CFO News
FEBRUARY 2, 2024
India's fiscal deficit had shot up to 9.2% of GDP in FY21 following the additional spending to provide stimulus to the economy hit by Covid. The Chief Economic Adviser asserted that the latest target of 5.1% of GDP is realistic.
Less Stress, More Success: Accounting Best Practices & Processes for 2025
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
Divestment not a tool for fiscal consolidation, says Finance Secretary TV Somanathan
CFO News
FEBRUARY 2, 2024
The government is confident of meeting the targets in the interim budget presented on Thursday. Finance Secretary TV Somanathan stated that the government capital expenditure continues to be high and expressed confidence in achieving the 5.1% fiscal deficit target in 2024-2025, with estimated revenue growth of 11.5% against GDP growth of 10.5%. The nature of public expenditure is unpredictable, but barring unforeseen events, the aggregate public expenditure is projected to remain unchanged, he a
After series of ‘violations’, Paytm may lose Payments Bank licence
CFO News
FEBRUARY 2, 2024
Few months ago, the RBI had alerted the Directorate of Enforcement of about possible money laundering and know-your-customer (KYC) violations at Paytm. Now, Paytm might be staring at losing its payments bank licence.
Byju's at war — with investors, bankruptcy
CFO News
FEBRUARY 2, 2024
Byju's, in a letter, said the investors have “no voting rights to change (its) chief executive”. Byju’s top management said certain investors are “conspiring” against it and have “artificially induced” a cash crisis that has forced the troubled company to delay January salaries.
Air India, Vistara boards may not be unified soon
CFO News
FEBRUARY 2, 2024
Tata Sons unlikely to integrate Air India and Vistara boards in a hurry; management teams to remain separate for at least a year; merger expected to take place this year or next; Tata wants Air India to achieve consumer trust and operational efficiency similar to Vistara before integration; merging airlines involves network and operational overhaul; merger could stretch through 2024; Air India and Vistara merging to form full-service airline; Singapore Airlines to hold 25.1% stake in post-merger
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.
Mahindra Group CFO Manoj Bhat takes over as CEO at Mahindra Holidays
CFO News
FEBRUARY 2, 2024
Mahindra Group undergoes a major leadership reshuffle, appointing CFO Manoj Bhat as CEO of Mahindra Holidays.
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