Thu.Jul 18, 2024

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Incoming QXO CFO’s comp package includes $3M signing bonus

CFO Dive

M&A “heavy hitter” Ihsan Essaid could rake in a $1.6 million base salary should the product distribution company hit future annualized revenue run rate goals, according to a company filing.

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2024 Paris Games: Can The Olympics Finally Claim Financial Victory? (Part 2)

Global Finance

In this two-part feature on the economics of the Olympics, Global Finance delves into the financial strategies and innovations that the 2024 Paris Games , which run from July 26 to Aug. 11, are implementing to avoid the pitfalls of past host cities. Part one explores the historical context of Olympic costs and the steps the Paris Games organizing committee is taking to ensure fiscal responsibility.

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Trending Sources

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FASB answers Big Four convertible debt ask

CFO Dive

The fix comes after PwC, Deloitte, KPMG and EY requested clarity on rules related to convertible debt instruments that have seen a surge in demand.

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New 10-year TIPS gets real yield of 1.883%

Tips Watch

By David Enna, Tipswatch.com I am writing this after an evening out in Biella, Italy, and while struggling with rather weak Internet. So this is going to be brief. The U.S.

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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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CFPB to apply lending laws to EWA

CFO Dive

The federal agency weighed in Thursday with a proposed rule to oversee the burgeoning earned wage access industry.

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More Trending

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CFO lessons from cost-cutting efforts

Future CFO

As CFOs rely on cost reductions to meet earnings expectations in a cooling economy, they must avoid pursuing approaches that could compromise future performance. Gartner, Inc. enumerated insights regarding this matter, noting on the recent experiences of S&P Global 1200 companies. Insight 1: Cost Cuts Are Common but Not Deep - Sixty-four percent of companies in the S&P 1200 implemented cost-cutting measures such as employee layoffs, selling real estate from 2021 through mid-2023.

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CFO Strategy: Managing the Downfall of SEO

CFO Share

If your SEO is struggling this year, you are not alone: the rise of AI has upended digital marketing in 2024. Plenty of articles analyze the technical SEO changes and hypothesize how AI is changing content marketing, and I read most of them when our SEO lead generation suddenly stopped working. I can summarize them all in a single sentence: nobody knows what is happening in SEO, not even Google.

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Property Profits with Real Estate Accounting Services

CFO Plans

From property management to rent collection and tax compliance, the need for specialized accounting services is paramount. Here, we explore how expert real estate accounting services can optimize your property management, streamline rent collection, and ensure compliance with tax regulations for sustained financial success. Discover how CFO Plans can help you achieve financial success.

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The Mentoring Round | Eric Emans, CFO, Nintex

CFO Thought Leader

Inside the Mentoring Round, CFO Eric Emans emphasizes the importance of overcoming the fear of failure early in one’s career, as learning often comes from making mistakes. He fosters an expectation-based culture where finance professionals are encouraged to engage with the business, challenge assumptions, and drive insights. Emans believes this approach distinguishes great organizations from good ones.

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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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There's no right to a job & one has to compete for it; Karnataka job quota bill is unconstitutional and fascist, says Mohandas Pai

CFO News

“Karnataka produces a lot of jobs. If you look at all the data, there are more jobs than people graduating. If you look at multiple sectors, construction, and infrastructure, there are not enough people from Karnataka. Security, we are not getting enough people from Karnataka.

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How FM Sitharaman can design India's long-term investment growth portfolio for a Viksit Bharat

CFO News

The upcoming Union Budget must prioritize long-term growth strategies, addressing structural issues for India to emerge as a developed economy by 2047. Focus areas include rural health enhancement, sustained infrastructure investment, job creation across sectors, human capital development, fiscal discipline, and nurturing sunrise industries like renewable energy and AI, ensuring inclusive growth.

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Paytm Q1 Results: Consolidated loss widens to Rs 839 crore, revenue plunges 36% YoY

CFO News

One 97 Communications, the parent company of Paytm, reported a widened cons loss of Rs 838.9 crore in the June quarter, compared to Rs 357 crore in the same quarter last year. Revenue for Q1 declined by 36% YoY to Rs 1,502 crore from Rs 2,342 crore in Q1 FY24. Despite this, the company indicated that its revenue and EBITDA, excluding the ESOP loss of Rs 545 crore, met its guidance.

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CFOs’ biggest challenges

CFO News

The CFOs today have moved away from their traditional role to more of a business role. Recently, a CFO told me that the board and shareholders expect CFOs to be a co-pilot in the business growth. They should be responsible for sustainable strategies as well. As digital is revamping the world, the CFOs desk is under transformation and here are the few major challenges.

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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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Godfrey Phillips succession battle: Bina Modi refutes assault allegations by son Samir

CFO News

Godfrey Phillips director Bina Modi denies assaulting her son Samir during a board meeting. The family dispute between the Modis continues with allegations and counterclaims. Legal proceedings are ongoing as both parties present their sides in court.

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Union Budget: Indian startups seek more emphasis on AI

CFO News

As India AI Mission takes concrete steps towards making the country a global artificial intelligence hub, startups founders on Thursday said increased investment in policies that simplify doing business and empower startups and emerging technologies, such as responsible AI, is essential for a boost to the sector. As AI continues transforming sectors like healthcare, finance, manufacturing, and education, implementing proactive measures to ensure its responsible development is crucial, they empha

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Adani Ports gets a rating upgrade from ICRA

CFO News

The company's upgrade follows a Bloomberg report that revealed plans to significantly increase investment in its southern India trans-shipment container port to Rs 100 billion. This ambitious move aims to attract some of the world's largest ships, according to sources familiar with the matter.

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ICAI partners with OpenAI to enhance CA practice with GPT technology

CFO News

The CAGPT is equipped with data accumulated by ICAI over the past 75 years, enabling it to provide answers to a wide range of questions, both simple and complex.

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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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Mittal seeks Indian industry, startups, MSMEs to compete worldwide

CFO News

The official further said that the capacity building and scaling is a critical aspect which is more relevant for the country's burgeoning telecom sector.