Thu.May 25, 2023

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ChatGPT aces CPA exam after prior version flunked

CFO Dive

ChatGPT-3.5 took the CPA exam and got an “F.” The newest version of the AI learned from the failure, however, and nailed the test, researchers said.

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The First Rule of Dunning Kruger…

Barry Ritholtz

Of all the cognitive errors in behavioral finance and human psychology , the one that creates the most confusion is the Dunning-Kruger effect. (Perhaps its rise in pop culture is to blame). Regardless, I find DKE to be an incredibly useful tool that helps explain many of the individual errors we see in investing. It’s useful to think of Dunning Kruger in terms of metacognition : One’s ability to self-evaluate a particular skill set.

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Trending Sources

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Drawing on SEC chops, Fundrise CFO preps for aftermath of inflation

CFO Dive

The SEC and KPMG alum talks about embracing uncertainty, being willing to make wide career pivots and her outlook on the economy.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Debt-Ceiling Fight Sends Investors Hunting for New Havens : Traders worried about a potential U.S. default are swapping their go-to safe haven for the bonds of America’s top-rated companies. Just days or weeks before the government faces a possible funding shortfall, investors are shunning U.S. Treasury bills that will mature over the next several months while paying a premium to buy debt issued by Microsoft and Johnson & Johnson, two of the highest-rated U.S. c

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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Nvidia revenues soar amid AI demand

CFO Dive

The chipmaker’s finance chief credited generative AI with driving “exponential growth” in the computing sector.

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More Trending

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WeWork CFO follows CEO out the door

CFO Dive

Andre Fernandez’s swift exit marks the company’s fourth CFO transition since March of 2020.

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Not averse to mandatory joint audit: Schneider Electric Global CFO

CFO News

Hilary Maxson feels two eyes are better than one and mandatory joint audits can help improve audit quality.

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Welcome Brent Smith

Focus CFO

We are delighted to announce that Brent Smith has joined the FocusCFO team, and is our first Houston-based team member. Ron is an experienced CFO with nearly 25 years of experience, holding extensive leadership roles, including serving on boards of private companies. He has successfully managed areas that present significant challenges to companies today, such as stakeholder communications during periods of uncertainty or financial crisis, cybersecurity risks, human resources, financial capacity

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Pennar Industries appoints Shrikant Bhakkad as CFO

CFO News

Shrikant Bhakkad will take over J S Krishna Prasad as the CFO.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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A Complete Review of Cube Software

The Finance Weekly

Introduction FP&A software is gaining popularity thanks to the need for automation and upgrading all of the integrations and data sources that occur today in the finance function. At The Finance Weekly we put together comprehensive reviews of different FP&A software tools. Finding the right FP&A software tool can be costly and time consuming, and we hope these reviews will help you save time and make the right choice for your company.

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Life insurers see little impact from tax sop removal

CFO News

The finance minister announced in the February budget the scrapping of the tax exemption on maturity proceeds of non-unit linked insurance plan (ULIP) policies purchased after April 1 with annual premiums above ₹5 lakh. That had led to a rise in pre-booking of high-ticket, non-linked policies in March.

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Looking to invest in longer-term TIPS? There’s a problem.

Tips Watch

By David Enna, Tipswatch.com I recently got an email with a question from long-time site reader Jay, who included a meme to illustrate his point.

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Investors from 21 nations exempted from angel tax

CFO News

Private equity and venture capital investment into closely held companies routed through jurisdictions not mentioned will have to undergo scrutiny under the angel tax provisions for valuation.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Clips From Today’s Halftime Report

The Reformed Broker

Two price target cuts for Disney from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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ECB registrations dropped by a third in FY23 amid a 516-bps rise in loan costs

CFO News

Registrations for external commercial borrowing (ECB) by corporates fell to $26.6bn in the last fiscal year due to rising global interest rates. After gradually increasing during the first three quarters of 2022-23, registrations dropped in Q4. ECB inflows for the year totalled $23.8bn, only marginally higher than outflows.

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Future-Proof Your Workforce with a Modern Talent Agenda

CFO Alliance

The post Future-Proof Your Workforce with a Modern Talent Agenda appeared first on CFO Alliance.

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Antony Waste CFO clears the air on I-T raid and more

CFO News

Antony Waste's CFO, Iyer Subramanian NG, has given clarification on the income tax raids which is related to some vendors that have not filed their personal tax returns. He emphasized that this issue has nothing to do with the company's operations and they have complied with all the requirements requested by the Income Tax Authority. In terms of the company's performance, he highlighted that higher expenses in transportation and unapproved reimbursements led to lower margins.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Designing & presenting effective financial reporting dashboards

Cube Software

What is a financial dashboard? A financial dashboard is a data visualization tool designed to present key financial metrics in a comprehensive and user-friendly interface, sort of like those displays Tony Stark had while flying around in his Iron Man suit.

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CIO, CFO partnership is a must in Spend Management 2.0 era

CFO News

Managing finances and expenses is becoming increasingly complex, and companies need to adapt to this changing landscape. This is where the collaboration between the CIO and CFO becomes critical.

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The Low CO? Cement Opportunity | Scott Healy, CFO, Fortera

CFO Thought Leader

CFO GUEST: Scott Healy, CFO, Fortera Corporation 901: The Welcome Box | Scott Healy, CFO, Fortera At Avalara, we’re building cloud-based tax compliance solutions to handle every transaction in the world. Imagine every transaction you make — every tank of gas, cup of coffee, or pair of sneakers, every movie ticket, meal kit, or streamed song, every sensor-to-sensor ping.

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Carbon’s social cost higher than estimated but a carbon tax doesn’t address climate justice at all: Billy Pizer

CFO News

We’ve studied how when a country or jurisdiction acts ambitiously on climate mitigation by itself, it’s likely some of the emissions reductions in the ambitious jurisdiction will reappear in trading partners. If A, for instance, starts using less fossil fuels, that could lower the price and other economies then buy more of them — that’s one kind of carbon leakage.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Digital transformation: BINUS deploys Workday solution

Future CFO

Indonesia’s private education institute BINA NUSANTARA (BINUS) Group has deployed Workday technologies to expedite its digital transformation. According to the technology company, BINA has deployed Human Capital Management (HCM) and Workday Financial Management to support its continued expansion and growth. In addition, BINUS aims to have Workday Adaptive Planning gone live this year, Workday noted.

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MSME prepack insolvency scheme set for overhaul after a poor response

CFO News

The government plans to allow IBBI to modify requirements related to majority votes, avoidance transactions, and other factors relevant to MSMEs applying for the prepackaged insolvency scheme.

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No independent valuation needed for SpiceJet's preferential share sale: Sebi

CFO News

The stressed airline had written to Sebi seeking clarification on whether the share allotment will fall under which section of the Issue of Capital and Disclosure Requirements Regulations. The Securities and Exchange Board of India (Sebi) said SpiceJet's proposed preferential share issue to aircraft lessors as part of its plan to restructure its outstanding lease liabilities need not have independent valuation.

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Reliance completes acquisition of Lotus Chocolate

CFO News

RCPL completed the acquisition of a 51% stake in Lotus Chocolate for an aggregate consideration of Rs 74 crore and subscribed to non-cumulative redeemable preference shares of Lotus for an aggregate consideration of Rs 25 crore. RCPL has also completed the acquisition of equity shares pursuant to the open offer made under SEBI Takeover Regulations. RCPL took sole control of the company with effect from May 24, 2023, it said in its statement.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.