Sun.Nov 17, 2024

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What is Incremental Budgeting?

The Finance Weekly

Budgeting is a fundamental aspect of financial planning, and one approach that often comes up in discussions is incremental budgeting. It’s important to understand this method and how it might fit into your financial processes. What is Incremental Budgeting? Incremental budgeting is a budgeting approach where the starting point for a new budget is the previous one.

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1051: Building a Greener Future: A CFO’s Journey in Climate Tech | Derek Warnick, CFO, Electric Hydrogen

CFO Thought Leader

From day one of his professional life, Derek Warnick knew his career would be driven by a purpose greater than mere career advancement. As an undergraduate studying finance and international business, he contemplated how his professional life could make a meaningful impact. Upon graduation, he joined the World Bank’s International Finance Corporation, focusing on empowering small businesses in developing countries. “I was excited by the opportunity to help people and have an internat

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Trending Sources

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A Day in the Life: Isha Goel from Mercedes-Benz Research and Development India

Future CFO

Editor’s note: In today’s A Day in the Life , Isha Goel (pictured), Head - Treasury Settlements Asia Pacific, Mercedes-Benz Research and Development India shares with FutureCFO audiences how she made progress in her career when she started out about two decades ago —a period when it was uncommon for a woman to be in finance in India—as well as her typical work day.

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Thursday’s 10-year TIPS auction will benefit from surge in real yields

Tips Watch

By David Enna, Tipswatch.com Reality is beginning to settle in on the U.S. bond market.

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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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ICAI moves T’gana high court against YSRC MP Vijaya Sai

CFO News

ICAI through its disciplinary committee is looking into the allegations of the role played by Vijaya Sai as an auditor-member of the institute in extending the service of an auditor to the companies floated by Andhra Pradesh former chief minister YS Jagan Mohan Reddy.

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Indian economy capable of handling global shocks: RBI Governor

CFO News

Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the Indian economy is strong enough to handle any adverse fallout from global events.

Banking 59
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10+Best Cube FP&A Alternatives for 2025

Lime Light

Cube FP&A is a well-known financial planning and analysis (FP&A) tool that has gained popularity for its ability to streamline financial reporting, budgeting and forecasting processes. It integrates seamlessly with spreadsheets and other financial systems, providing users with a familiar and flexible environment for managing their financial data.

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India clocks 12 pc rise in deal volume in Jan-Oct, China sees 23 pc decline

CFO News

India saw 11.9 per cent increase in deal volume (year-on-year) in the January-October period, bucking the overall trend in the Asia-Pacific region, a new report has said.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • How the Ivy League Broke America : The meritocracy isn’t working. We need something new. ( The Atlantic ) • The most dangerous roads in America have one thing in common : We can fix our staggering car fatality crisis. Start with these roads. ( Vox ) • Political Comedy, With a Side of Desperation : The comedian-to-campaign-influencer pipeline has muddled the genre. ( The Atlantic ) • She Was a Child Instag

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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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Not only China, India & other emerging markets to also feel the pinch of stronger dollar: Mitul Kotecha

CFO News

Mitul Kotecha, Head of Forex & EM Macro Strategy Asia at Barclays, cautions that the surging US dollar and yields are drawing capital away from other regions, including India and China. While China's stimulus measures have fallen short, the US's economic resilience and the prospect of tax cuts are attracting global investments, leaving emerging markets vulnerable to outflows.

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State of the Economy: How macroeconomic indicators performed in October 2024?

CFO News

India saw Industrial production grew by 3.1%, the PMI climbing to 57.5. FPI showed a net outflow of ₹96,358 crore, merchandise exports at 19.08%, GST revenue at Rs 1.87 lakh crore and inflation increased to 6.21% in the month of October.

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CAG played key role in fostering accountability, transparency and good governance: Speaker Om Birla

CFO News

Birla noted that CAG has not only transformed its auditing systems but has also introduced new innovations which have ensured that its work is marked by credibility and authenticity.

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CBDT recovers Rs 35,500 crore in tax dues in H1, aims for Rs 1 lakh crore by year-end

CFO News

CBDT has made significant progress in recovering tax dues, collecting Rs 35,500 crore in the first half of FY 2024-25, with plans to target Rs 1 lakh crore by year-end.

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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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RBI plans 2025 launch of cloud services, countering dominance of global firms

CFO News

The Reserve Bank of India's planned cloud platform will use local IT firms, pitting it against the likes of Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud, in a first-of-its-kind initiative from a major global central bank.

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New tower companies bank on Vodafone Idea, BSNL expansion

CFO News

But they are up against two of the world’s largest tower companies – Indus Towers and Brookfield-backed Data Infrastructure Trust. In addition, they face challenges around erecting new towers in densely populated metros, right of way (RoW) issues and high associated costs, industry insiders said.

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India is a strategic market for Volkswagen: Skoda Exec

CFO News

Volkswagen Group, eyeing India's growth potential, plans to expand its product portfolio with or without a local partner, says Piyush Arora, MD & CEO, Skoda Auto Volkswagen India. Despite exploring collaborations, the group remains committed to the Indian market and aims to achieve over 5% market share by leveraging local manufacturing for both domestic sales and exports to regions like South Asia and Africa.

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Neon for semiconductor manufacturing: A strategic opportunity that India cannot afford to miss

CFO News

The price of neon has gone up nearly nine times since 2022, when the conflict erupted in Ukraine. With neon production impacted in Ukraine, global demand far outstrips supply. Semiconductor manufacturers are trying to find reliable supply of this noble gas to keep their facilities in operation.

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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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Sirius India Airlines looks to raise $100 million for expansion

CFO News

Sirius India Airlines is looking to raise USD 100 million for fleet and service expansion. The company plans to have a fleet of 50 private jets by FY27 and expand to new markets, including the Far East, Southeast Asia, and East Africa.

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94 pc of Indian firms using GenAI in at least 1 function, highest globally: Report

CFO News

Most of the Indian enterprises (94 per cent) are now using generative AI (GenAI) in at least one function, the highest percentage globally across 19 countries surveyed, according to a report on Monday.

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Smartphone PLI revenue rings louder; 19x revenue boost for government in 4 years

CFO News

Ten companies — five global and five local — were selected to receive sops under the smartphone PLI scheme with an overall financial outlay of Rs 40,951 crore, which was later reduced to Rs 38,601 crore.

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Ranveer Singh bags 50% stake in packaged foods company Elite Mindset

CFO News

​​Confirming the development to ET, (Nikunj) Biyani, cofounder, of the venture, said, "We see an opportunity to build a brand in the better-for-you packaged foods space with accessible and affordable protein-based products at the core of the venture.

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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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X faces hiccups in influencer-led monetisation push in Indian market

CFO News

A Kantar survey report in September pointed out a declining trend of brand spending on X. It stated that 26% of marketers are planning to spend fewer of their ad dollars on X in 2025 – the biggest recorded pullback from any major global ad platform.

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Tata Electronics seals deal for 60% stake in Pegatron Tamil Nadu iPhone plant

CFO News

The people said, with the joint capacities of both the Wistron and the Pegatron facilities, along with the expansion Tata is undertaking at its Hosur facility, the company’s capacity may increase to be at par or almost at par with that of Taiwan’s Foxconn, which currently makes the most number of iPhones in India.

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Dr Reddy's, FDC recall products in US for manufacturing issues

CFO News

Dr Reddy's Laboratories and FDC Ltd issued voluntary recalls for medications in the US market due to manufacturing defects. Dr Reddy's recalled lots of Morphine Sulfate extended-release tablets due to failed impurity specifications, while FDC Ltd recalled Timolol Maleate ophthalmic solution due to defective containers hindering solution dispensing.

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Scripting India's manufacturing revival: GST rationalisation, strengthening of IBC & NCLT on agenda to improve EoDB

CFO News

“Exports are INR 4 lakh crore already, mostly through mobile and through Apple,” Singh said. “So, some sectors have moved much faster, mobiles in particular.

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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.