Wed.Nov 15, 2023

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Retail sales fall, adding to signs economy cooling after hot Q3 growth

CFO Dive

Gradual declines in consumer spending, hiring and inflation suggest that the Federal Reserve may achieve a “soft landing” for the economy.

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Investing Behavioral Hacks

Barry Ritholtz

Markets screamed higher yesterday after a benign CPI report showed a 0.0% monthly price increase and inflation falling to 3.2% year over year. After a big gap opening, latecomers piled in; many had been sitting on the sidelines following a challenging 2022, while others got panicked out during the 10% October drawdown. It was a classic fear-driven error, a combination of bad market timing and poor impulse control.

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Trending Sources

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‘Cash is king’ carries new weight in high-rate, SVB era

CFO Dive

The higher cost of capital has executives doubling down on cash by incentivizing customers to pay sooner and holding inventory reins tighter, according to panelists at the MIT Sloan CFO Summit.

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Roles of NFRA and ICAI are not overlapping but complementary: Pandey

CFO News

Accounting: The institutional mechanism is clearly laid out between the two regulatory bodies, the chairperson of NFRA said.

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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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Lowe’s veteran tapped for Advance Auto CFO seat

CFO Dive

The appointment comes as the auto parts supplier is focused on a comprehensive review of the business after posting weak financial results this year.

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More Trending

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How to Prepare for a Financial Audit

CFO Share

Embarking on your first financial audit can be nerve-wracking. As a small business owner or finance manager, it’s crucial to approach this process with a clear plan. This article includes small business accounting tips to prepare for an audit while minimizing its expenses and findings. What Do Financial Auditors Look For? Auditors assess your financial statements’ accuracy, ensuring they are free of material misstatements.

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Four critical areas of focus for sustainability shifts

Future CFO

As the observed momentum behind sustainability and dynamic shifts in consumer behaviour undoubtedly has profound implications for any company, it is imperative that organisations must keep an eye on particular areas of business. Bain & Company enumerates four critical areas of focus that finance leaders must consider regarding sustainability. Devise a future-proof and flexible strategy.

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Strategies to Enhance Your Business’s Fiscal Robustness

CFO Share

Navigating the complexities of business finances can be daunting, especially without a financial advisor. Achieving fiscal stability amidst market uncertainties is a top priority for any business owner. Through strategic insights and actionable measures, fortifying your business’s financial resilience is attainable. What does robust mean in financials?

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Why leaders must invest in employee upskilling for sustainability

Future CFO

In the bid to keep up with the sustainability shifts, finance leaders must look into upskilling employees to rise to the challenge. In a study by Bain & Company , it was found that 75% of business leaders believe they have not embedded sustainability well into their business. This include a lack of initiative in developing talent as the instinct of many organisation leaders is to prioritise external hiring to address all skill gaps, including in sustainability.

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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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Regulatory breaches in grant of Religare arm's Esops to Chief: InGovern

CFO News

Esops: InGovern estimated the value of Saluja's stock options of Religare and of its subsidiary Care Health Insurance over the past 3-4 years at ₹480 crore.

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Making the case for connecting the spreadsheet dots

Future CFO

Spreadsheet use remains a staple of many business functions. And why not? It is relatively easy to use. The software itself is readily available. And nearly everyone – young and old – will likely know how to use it or pick it up easily. Of course, its ease of use and accessibility have also been its biggest drawbacks as it has allowed for the proliferation of disconnected, whether intentional or otherwise, data files.

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India, 13 others of IPEF ink supply chain resilience pact to reduce dependence on China

CFO News

IPEF has 14 members, including India, Australia, the US, Japan, Fiji, South Korea, New Zealand, Singapore and Thailand, representing 40% of the global gross domestic product and 28% of the global trade in goods and services.

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Carsome announces new CFO

Future CFO

Carsome Group Inc., a Southeast Asian integrated car e-Commerce platform, announced recently its appointment of Miguel Fernandez as its group CFO. Succeeding Juliet Zhu, who will remain in her role as group president, Fernandez will report directly to Carsome’s chairman and group CEO, Eric Cheng. Miguel's background encompasses a wide range of industries, including fintech, e-commerce, manufacturing, distribution, private equity, and financial services, spanning public, private, and venture capi

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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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Companies go on a big legal talent hunt

CFO News

The scramble for the best and the brightest legal talent has been ignited by a constantly changing regulatory environment, rising focus on corporate governance and ethical standards, and regularly evolving GST structures. This is leading to a massive churn in CLOs, said HR consultants and company officials.

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Should Your Nonprofit Have Debt?

The Charity CFO

If you’re like most nonprofit leaders, you probably have questions — and possibly mixed feelings — about nonprofit debt. That’s because you’ve also probably received mixed messages about nonprofits and debt. Nonprofits aren’t often encouraged to take on debt. But while studies show that Charity Navigator gives higher ratings to organizations with lower liability-to-asset ratios, studies indicate that holding no debt isn’t optimal , either.

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Cash seizures by tax officials rise ahead of elections in five states: CBDT

CFO News

In the run-up to the assembly elections in five states, the income tax department has seized more unexplained cash as compared to elections held in those states earlier, CBDT chairman Nitin Gupta said on Wednesday.

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Fractional CFOs for SMEs

Beacon CFO Plus

Providing Strategic Expertise and Guidance “Success in management requires learning as fast as the world is changing.” – Warren Bennis There is no shortage of challenges for new business owners, from startups to family-owned businesses or independently owned enterprises. No matter your industry, you must keep up with ever-changing market competition, regulatory requirements, talent acquisition needs, and new technology adoption.

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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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RBI asks Bajaj Finance to stop disbursal of loans under 'eCOM' and 'Insta EMI Card'

CFO News

Last month, the RBI banned public sector Bank of Baroda (BoB) from onboarding any new customers onto its 'bob World' mobile application three months after a news network said the bank linked bank accounts to unregistered mobile numbers and signed them up to the application. Earlier in December 2020, the RBI had banned HDFC Bank the largest issuer of credit cards in the country, from issuing new cards and introducing digital products after multiple systemic glitches were reported in the preceding

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train reads: • How inheritance data secretly explains U.S. inequality : A little over 1 in 5 U.S. households had received an inheritance at some point in their lives as of 2022, according to the Federal Reserve’s remarkable Survey of Consumer Finances. The inheritance rate jumps to 2 out of 5 if you look only at folks in their 70s, who have had more time for their parents and favorite aunts to meet a regrettable but timely demise.

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India’s October trade gap widens to a record $31.5 bn, higher than poll of $20.50 bn

CFO News

India's merchandise trade deficit in October was $31.46 billion, despite a 6.2% increase in exports to $33.57 billion. Imports rose to $65.03 billion, offset by the rise in exports. The spike in global crude oil prices led to an increase in imports. Gold imports also rose by 5.5% to $29.48 billion. Commerce Secretary Sunil Barthwal said trade numbers in October reflect 'green shoots'.

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ONGC plans to invest Rs 1 lakh cr to set up 2 petrochemical plants

CFO News

India's top oil and gas producer, ONGC, plans to invest approximately Rs 1 lakh crore in establishing two petrochemical plants to directly convert crude oil into high-value chemical products. This initiative aligns with the global shift away from fossil fuels, with ONGC targeting the production of chemicals that are crucial for manufacturing detergents, fibers, plastics, and pharmaceuticals.

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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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Two Dabur cos get relief in multiple lawsuits in US court, 3rd entity to face charges

CFO News

Dabur International and Dermoviva were removed and got relief in the multiple suits due to lack of jurisdiction as they have not either manufactured, marketed, distributed or sold hair relaxer products in the US, a statement said.