Barry Ritholtz

APRIL 28, 2024

In the northeast, Spring has fully sprung. Temps are expected to kiss 80 today, and after a mild winter, we have been enjoying abundant sunshine. The daffodils and tulips are up, the magnolias are blooming, and the pear and cherry trees are explosions of colors! All of that blue sky beckons us to hop in a roadster to enjoy the open road. My first high HP car was a BMW convertible, but the open-top car that set the standard was the 507.

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Sales Planning Marketing 108

Tips Watch

APRIL 28, 2024

By David Enna, Tipswatch.com I’ve been watching with fascination as market real yields of Treasury Inflation-Protected Securities have been steadily rising in recent weeks.

Treasury 70

Treasury Securities Marketing Investments 70

CFO News

APRIL 28, 2024

Startup Funding: A total of 294 VC deals were announced in India during Q1 2023, while the disclosed funding value of these deals stood at $2.4 billion.

Startups 59

Startups 59

CFO Thought Leader

APRIL 28, 2024

The way that Dan Murphy sees it, the CFO position demands that leaders always be kept on high alert. This is a mindset that has led him to habitually monitor updates and alerts related to key vendors, including banking institutions. And so it was, in first quarter of 2023, that he spotted a vague tweet hinting at possible financial instability at Silicon Valley Bank.

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CFO Corporate Finance Banking Risk Management 52

Advertiser: Paycor

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

Future CFO

APRIL 28, 2024

Value creation and sustainability roles are set to grow even more to offset non-business partnering finance roles lost to automation, a study by AICPA & CIMA found. The Re-defining finance for a sustainable world white paper, which is the latest iteration of AICPA & CIMA's Future of Finance research programme, explores the future of the accounting and finance profession in the age of disruption and its broader ecosystem, defining essential skills, competencies, and knowledge needed to su

Finance 52

Finance Accounting Technology Leadership 52

Future CFO

APRIL 28, 2024

One of the five agendas that the Association of Chartered Certified Accountants (ACCA) identified for finance professionals to create a a better, fairer, and more sustainable world is the importance of understanding the benefits of artificial intelligence in the accountancy profession. The global professional accounting body says that while AI presents some significant societal and environmental threats, it is also potentially a huge force for good.

Accounting 52

Accounting Auditing Invoicing Finance 52

CFO News

APRIL 28, 2024

A Delhi High Court order on Friday allowing lessors to repossess their aircraft has further dented hopes of reviving Go First, they said. Ajay Singh, promoter of SpiceJet, and an entity owned by Nishant Pitti-owner of online travel portal EaseMyTrip had jointly bid for the airline. The second bid is from Sharjah-based Sky One.

Valuation 52

Valuation 52

The Finance Weekly

APRIL 28, 2024

Right now, around 26.56 million businesses in the US use QuickBooks Desktop, while 5.3 million opt for QuickBooks Online (QBO). QuickBooks Online, the cloud-based version, really shines for many reasons and is popular with small business owners. It's way easier to use than the desktop one. What really sets it apart for a lot of companies is the ton of integrations available.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Invoicing Budgeting Finance 52

CFO News

APRIL 28, 2024

The EY affiliate firm, SRBC & Co LLP spokesperson told ET that they will explore all issues raised in the order and explore options under the law including the appeal process. However, the problem is that the appellate tribunal, which is supposed to hear appeals, has not yet been set up by the institute. "The order focused only on procedural matters, not audit quality, and will not affect the future of the audit firms in any way" said a leading lawyer who works closely with Big Four

Auditing 40

Auditing 40

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Reconciliations

Barry Ritholtz

APRIL 28, 2024

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Man Who Killed Google Search : When Raghavan joined the company, Yahoo held a 30.4% market share — not far from Google’s 36.9%, and miles ahead of the 15.7% of MSN Search. By May 2012, Yahoo was down to just 13.4% and had shrunk for the previous nine consecutive months, and was being beaten even by the newly-released Bing.

Entertainment 57

Entertainment Advertising Manufacturing Investments 57

CFO News

APRIL 28, 2024

This was the theme that brought together around 500 Tata group leaders at the JW Marriott Marquis in Dubai over the weekend for their annual offsite meeting, said top executives at the $270 billion conglomerate. Trent chairman Noel Tata and his three children - Neville, Leah and Maya - attended the meet.

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CFO News

APRIL 28, 2024

AU Small Finance Bank, the largest lender of the pack, has met all the eligibility criteria set by the regulator. AU has Rs 12,560 crore of net worth, made profits for the last two fiscals, and its gross and net non-performing assets were less than 3% and 1% respectively during the period as prescribed by RBI. It also has a well-diversified loan book as desired by the regulator.

Finance 40

Finance Banking 40

CFO News

APRIL 28, 2024

"The RBI had given the dispensation on CRR maintenance in 2022 to at least one private bank which was facing some issues, but that dispensation does not exist anymore. Another factor is that there are issues with how the CRR maintenance data is reported. That is contributing to the shortfall and the RBI will rectify that issue," said one of the persons, who did not wish to be identified.

Banking 40

Banking 40

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Budgeting

CFO News

APRIL 28, 2024

The government may need to reconsider the tax incentives offered to units in the International Financial Services Centre (IFSC) in Gujarat due to the impact of Pillar Two of the Base Erosion Profit Sharing framework, according to a Deloitte report. Pillar Two aims to ensure that large multinational companies pay a minimum effective rate of tax of 15% on profits in all countries.

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CFO News

APRIL 28, 2024

"The financing has an initial commitment of $875 million, with an accordion feature to extend commitment up to $1.44 billion. Definitive agreements have been executed with eight international lenders - ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank, Natixis, Standard Chartered Bank, Societe Generale and Sumitomo Mitsui Banking Corporation," AdaniConnex said in a statement.

Banking 40

Banking Finance 40

CFO News

APRIL 28, 2024

Following his resignation, Vinod Sahay who is president, aerospace and defence and chief purchase officer (CPO)- auto and farm Sectors (AFS), will now have additional responsibility for the truck and bus and construction equipment business. Sahay will be designated as president and Chief Purchase Officer (CPO) for AFS and President for Aerospace and Defence, MTBD and CE after May 31, 2024.

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Construction 40

CFO News

APRIL 28, 2024

CII launched a corporate governance charter for startups, including a self-evaluative scorecard. The tool allows startups to measure their governance progress, with score changes indicating improvements in governance practices as assessed against the scorecard from time to time.

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Startups 40

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Accounting

CFO News

APRIL 28, 2024

According to the report, of all the companies with equity shares listed on the NSE main board, the Big 6 Indian audit firms secured 637 assignments out of 1,961. This accounted for approximately 32.48% of the total, up slightly from 32.14% the previous fiscal year. Auditor details were missing for 47 organisations. A key standout has been the strong performance of Grant Thornton and MSKA affiliates who have established themselves as strong alternatives to the Big Four firms in audit business.

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Auditing Securities Accounting 40