Fri.May 31, 2024

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Costco’s CFO calls $1.50 hot dog ‘safe’ in debut earnings call

CFO Dive

The retailer’s new finance chief Gary Millerchip is staying the course on the company’s popular $1.50 hot dog and soda combo pricing.

CFO 284
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Discover ERP Accelerator Packages for Financials & Project Management

Navigator SAP

Enterprise resource planning solutions (ERP) come with sophisticated tools for financials and project management. The trick is putting an ERP solution in place within a company since ERP is company-wide software that has a reputation for complexity. ERP acceleration packages can help businesses get there quickly, though.

Planning 188
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FanDuel parent Flutter swaps CFOs amid pivot to NYSE listing

CFO Dive

The CFO swap comes as Flutter hones in on the U.S. for future growth and expansion.

CFO 283
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Weekend Reading For Financial Planners (June 1-2)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the Financial Planning Association and Money.com are planning to publish a “Best Financial Advisors” list based on advisors’ education, credentials, and experience, as well as harder-to-quantify areas such as trust factors and client communication.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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MiB: Jeffrey Sherman, DoubleLine Deputy CIO

Barry Ritholtz

This week, we speak with Jeffrey Sherman , deputy chief investment officer at DoubleLine Capital. Sherman oversees and administers DoubleLine’s investment management subcommittee; serves as lead portfolio manager for multisector and derivative-based strategies; and is a member of the firm’s executive management and fixed-income asset allocation committees.

Math 74

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Use Technology to Simplify Nonprofit Bookkeeping

The Charity CFO

Efficient bookkeeping is essential to the success and sustainability of any nonprofit. As a nonprofit leader, it can be difficult to give your bookkeeping the time it needs to stay accurate. Luckily, modern accounting software and other bookkeeping technologies can help you keep up with day-to-day bookkeeping, reporting, and accounting tasks more efficiently.

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ETtech Deals Digest: Startup funding in May rises 62% on year to $817 million

CFO News

New-age startups raised $817.2 million in May 2024, up 62% from last year, with top investor Venture Catalysts leading funding rounds for startups like Zypp Electric.

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Financial Reports to Share with Nonprofit Board

The Charity CFO

Transparency and accountability are two of the most important factors in nonprofit accounting. Donors, the board of directors, and the public all want to know what your organization does with the funds it brings in. Being transparent in your nonprofit accounting helps build trust in your organization. But what financial reports are most important to build that trust through transparency with your board of directors?

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Audit panels of companies can’t escape blame by citing auditors’ failure: NFRA chief

CFO News

NFRA chairman Ajay Bhushan Pandey emphasized the audit committee's responsibility in ensuring accurate financial statements, even if auditors fail in their duty. He highlighted the need for meaningful communication between audit committees and auditors, stating that it should not be a mere formality. Pandey's remarks come as the NFRA plans to engage with large listed companies to promote accounting standards and curb corporate frauds.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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India's fiscal deficit improves to 5.6% of GDP in FY24, lower than target of 5.8%

CFO News

India's FY24 fiscal deficit hit Rs 16.54 lakh crore, 95.3% of target. Central government's FY24 fiscal deficit stood at at 5.6% GDP, below 5.8% estimate. Tax receipts surpassed at Rs 23.27 trillion, 100.1% target. Expenditure at Rs 44.43 trillion, 99% target. Capital expenditure at Rs 9.49 lakh crore. Fiscal discipline aims for 5.1% deficit in FY25.

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Govt cuts windfall tax on petroleum crude

CFO News

The Indian government has cut the windfall tax on petroleum crude to 5200 Indian rupees ($62.33) per metric ton from 5700 rupees, with effect from June 1, according to a notification issued on Friday.

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Govt urges over 100 corporates to setup incubation centers for manufacturing startups

CFO News

Startups and entrepreneurs in the nation have been playing a significant role in shifting global value chains to India by creating and innovating domestically. The National Council for Cement and Building Materials has already set up the centre.