Tue.Oct 10, 2023

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All About Variance Reporting for Corporate Budgeting

Spreadym

Variance reporting is a financial and management accounting process used to analyze the differences between budgeted or expected figures and actual performance results. It involves comparing the planned or budgeted financial data (such as revenues, expenses, or other key performance metrics) with the actual figures that have been realized during a specific period, such as a month, quarter, or year.

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SEC cyber rules send execs scrambling as deadlines near

CFO Dive

Some companies are still grappling with how to determine what constitutes a “material” cyber breach for reporting purposes.

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Preparing Your Finance Organization for the New Era of AI

CFO Leadership

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. Many have since advanced to intelligent process automation (IPA) — RPA amplified with artificial intelligence (AI) — to streamline and improve more complex work, from tax and compliance reporting to financial statement reconciliation.

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Leveraging AI in your monthly close process

CFO Dive

Savvy accounting leaders who “see the writing on the wall” are focused on bringing cutting-edge technologies into their teams’ daily tasks, including the monthly close, writes Horváth’s Tony Klimas.

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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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Talent from big consulting firms looking at Uniqus ‘very positively’, hiring no challenge: Co-founder Sandip Khetan

CFO News

Uniqus, which is set up as a corporation like the consulting major Accenture, is eying profitability by FY25 end, says Sandip Khetan.

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More Trending

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Use AI and Insurance Insights to Make Better Decisions

CFO Leadership

One of the hottest topics in the business world today is artificial intelligence (AI), with 95 percent of global business leaders believing that generative AI is ushering in a new era of enterprise intelligence.I The rapid progression of generative AI, which is a type of artificial intelligence that has the ability to create material such as images, music or text, is already showing its potential to disrupt business operations throughout industries and processes.

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#FA Success Ep 354: Making Advisor Transitions Less Scary With Effective Transition Preparation And Support Services, With Grier Rubeling

Nerd's Eye View

Welcome everyone! Welcome to the 354th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Grier Rubeling. Grier is the founder of Advisor Transition Services, a consulting firm based in Cary, North Carolina, that helps advisors switch from one broker-dealer or custodian platform to another, often when breaking away from a larger firm to start up their own.

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The CFO’s Guide to AI and Machine Learning

CFO Leadership

The rise of artificial intelligence (AI) and machine learning (ML) has been a hot topic from board rooms to classrooms recently, dominating the discourse as people strive to understand its potential, opportunities, and risks. For businesses, AI and ML hold a powerful allure as companies consider how the new technologies might help boost productivity, cut costs, and gain a competitive edge.

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Capital Structure – Beyond the Income Statement

VCFO

Beyond the Income Statement – Why Capital Structure Matters The Income Statement is often a place of disproportionate focus for business owners. Many use it to assess questions like “Am I cash positive?” or “Am I able to spend like I want and pay my bills comfortably?” as a barometer for business health. While the Income Statement does provide a view of historical (e.g., monthly, annual) performance, much more is needed for effective strategic planning – proactive planning that looks beyon

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

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!

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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

Until a few months ago upon the public release of ChatGPT, most of us considered the notion of a human-like artificial intelligence like the HAL supercomputer in the movie 2001, or Data, the AI-powered android from Star Trek , something we were unlikely to see in our lifetimes. But as people use new powerful AI tools like ChatGPT and BARD for everything from setting meeting agendas to writing personal letters, shopping lists, and even poetry, an AI-powered future seems likely to become a real

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Telecom companies invest Rs 2,419 cr under PLI scheme till date: Ashwini Vaishnaw

CFO News

​​The government shortlisted 42 companies in October 2022 that committed a total investment of Rs 4,115 crore and are likely to generate additional sales of Rs 2.45 lakh crore and employ over 44,000 people during the six-year scheme period ending 2025-26.

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ION Commodities wins CTRM Software House of the Year for the second consecutive year at Energy Risk Asia Awards 2023

Reval

LONDON – 10 October 2023: ION Commodities, a leading provider of energy and. The post ION Commodities wins CTRM Software House of the Year for the second consecutive year at Energy Risk Asia Awards 2023 appeared first on ION.

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Did Bonds Just Bottom?

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Have Treasury Bonds Bottomed? – The crash in long-dated Treasurys since the pandemic now ranks as one of the most destructive financial crashes ever.

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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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OYO appoints Rakesh Kumar as deputy CFO

CFO News

OYO CFO: Kumar joined OYO over 5 years ago as the Head of Financial Reporting.

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Why Meta is in the fight of its life against OpenAI and Apple

The Reformed Broker

If you want to understand what’s happening in the US stock market these days, you need to understand what’s happening with the largest companies that make up such a heavy part of the index weighting. And to do that, you have to understand Big Tech. Which is where my friend Alex Kantrowitz comes in. He’s one of the foremost authorities on everything going on in the space.

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941: Mobilizing Your Team | Melissa Howatson, CFO, Vena

CFO Thought Leader

The corporate headquarters of Bend All Automotive may have been a mere 30-minute drive from KPMG’s offices in Waterloo, Ontario—but Melissa Howatson had to put in a 6-year career investment at the accounting house before she came to realize that it was time to go the distance. Not unlike those of many of her peers, Howatson’s years in public accounting were laden with mentorship generously supplied by a partner (and a number of senior managers).

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Understanding finality in blockchain

Future CFO

Finality in blockchain refers to the unchangeable confirmation of a transaction or a block of transactions. This is attained by the blockchain network’s use of consensus. Different blockchain networks employ various consensus algorithms, each with a unique method of validating transactions and ensuring finality, such as proof-of-work (PoW), proof-of-stake (PoS), or practical Byzantine fault tolerance.

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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.

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India, UK may ink FTA by the end of this month

CFO News

India and the UK are expected to sign a free trade agreement (FTA) at the end of this month, marking India's first comprehensive deal with an industrialized nation. The agreement aims to boost bilateral trade beyond the current $20 billion. India has invited UK Prime Minister Rishi Sunak to visit India on October 28 to finalize the pact. The agreement will consist of 26 chapters, with discussions still ongoing on issues such as rules of origin and intellectual property rights.

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Business sentiment: Leaders still confident on three-year outlook

Future CFO

When it comes to business sentiment, business leaders remain confident on three-year outlook though they are now grappling with multiple challenges. Geopolitics and political uncertainty have become the leading perceived risk this year for senior executives—concerns that didn’t even make the top five in last year’s survey, according to the KPMG 2023 CEO Outlook based on a recent survey of 1,325 CEOs from the world’s largest businesses.

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RBI directs Bank of Baroda to suspend further onboarding of customers on ‘bob World’

CFO News

This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application. Any further onboarding of customers of the bank on the ‘bob World’ application will be subject to rectification of the deficiencies observed and strengthening of the related processes by the bank to the satisfaction of RBI.

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Deloitte research: generative AI reshaping content production for marketing

Future CFO

Generative artificial intelligence is stepping in the scene of marketing content production, according to Deloitte Digital ’s new research. The study, which asked 650 leaders from US companies, reveals that 26% of the surveyed marketers are already using generative AI for their content production, while another 45% are planning to use the technology by end-2024.

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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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I-T department may challenge order against TCS tax claim

CFO News

​The department had earlier probed TCS on Transfer Pricing (TP) adjustments to check if the transactions with its associated enterprises were at arm's length and whether TCS was liable for taxes on brand fees. The assessing officer (AO) for the assessment year FY14-15 had arrived at the assessed income of '18,752 crore.

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The Fear of Changing Banks

CFO Simplified

They just don’t make them like they used to. That’s a common expression that is probably universal. In some cases, it’s a good thing. I don’t think that anyone would be happy driving to work in a car that was built in 1910. On the other hand, in some cases it’s a bad thing. There just isn’t the loyalty in the workplace that there used to be. Does anyone think that they’re going to work for a company for 20 – 30 years after they get their first job?

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India Inc keeping a close watch on conflict, employee safety in Israel

CFO News

​​In a statement, IT industry body Nasscom said: “We condemn the horrific act of terrorism on Israel that has led to loss of innocent lives and precipitated the conflict. The technology industry in India, we value our partnership with Israel as an innovation hub and will continue to strengthen our engagements.” As regards the current crisis, the industry has a limited presence in Israel largely focused on innovation partnerships and R&D.

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How Scary is Strategic Growth?

CFO Simplified

Decision making is always fraught with fears and challenges. But when you’re looking at the growth of your company and want to figure out the ideal time to make those scalability decisions, there’s always the challenge between doing things too early and doing them too late. Delay in making a decision may well keep you from spending money before you need to, but it also could result in your losing an opportunity.

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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.