Detroit nonprofit sues ex-CFO over alleged $40M embezzlement
CFO Dive
JULY 25, 2024
The former finance chief breached his fiduciary duty and caused “enormous financial devastation,” according to the complaint.
CFO Dive
JULY 25, 2024
The former finance chief breached his fiduciary duty and caused “enormous financial devastation,” according to the complaint.
Navigator SAP
JULY 26, 2024
As a man of the Millennial generation, I rarely visit brick-and-mortar retail stores. But there I was at a shoe store in New York City because Nike was letting me design a custom red shoe via its Nike by You retail program. I was making the shoe through Nike’s website, but I was getting ideas and visualizing how my creation would look through virtual reality technology at one of the company’s brick-and-mortar stores.
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Global Finance
JULY 24, 2024
Alphabet reached far outside its industry boundaries to recruit its new CFO; Anat Ashkenazi, an Eli Lilly veteran, takes charge of the Google parent’s finances this summer, replacing Ruth Porat, who was promoted to president and CIO. Unusual, yes; the drugmaker and the tech giant have very different lines of business, their cultures are different, and so are their strategic priorities.
Future CFO
JULY 24, 2024
Financial operations, a management practice promoting shared responsibility for an organisation's cloud computing infrastructure and costs, has been rapidly developing, with established vendors from various management disciplines and new specialised start-ups, according to a recent research by independent analyst and consultancy firm Omdia. The study indicates that the cloud has experienced significant growth in both scope and scale over recent years, as numerous organisations turn to leverage i
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!
CFO News
JULY 25, 2024
Finance Minister Nirmala Sitharaman's Budget 2024, as garnered widespread approval from CFOs for its focus on infrastructure, sustainability, MSMEs, inclusive growth, and the vision of Viksit Bharat.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
VCFO
JULY 23, 2024
Finding Success as an Aerospace & Defense Supplier Analyst outlooks for the Aerospace and Defense (A&D) industry point to significant, continued growth as strong travel and communication demand fuel the commercial sector, and a changing military landscape feeds more defense spending. Small- and mid-sized businesses looking to enter or increase their presence in A&D as suppliers should be encouraged by this view, but they will need to act with awareness and intention to find success.
Global Finance
JULY 25, 2024
BYD, the Chinese manufacturer of batteries and electric vehicles, is rapidly becoming the dominant force in the global EV space, despite the US and Europe railing against its disruptive effect on their domestic markets. In the last month, the buccaneering firm has made major plant announcements in Thailand and Turkey as it doubles down on competing with its US and European Union rivals.
Nerd's Eye View
JULY 24, 2024
When the original SECURE Act was passed in December 2019, it brought sweeping changes to the post-death tax treatment of qualified retirement accounts. One of the biggest changes was to eliminate the prior "stretch" treatment of post-death distributions for most non-spouse beneficiaries, who are now subject to the so-called 10-Year Rule requiring beneficiaries to fully distribute inherited retirement accounts by the end of the 10th year following the original account owner's death.
CFO News
JULY 24, 2024
Seasoned finance expert Robin Banerjee dissects the Union Budget 2024, highlighting its strengths, weaknesses, noise, and hidden gems that could shape India's economic landscape.
Speaker: Claire Grosjean
In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.
CFO Dive
JULY 24, 2024
The tech giant’s shares sank after Porat’s mixed comments about the company’s operating margin outlook.
CFO Plans
JULY 25, 2024
“`html SaaS Accounting Software for Manufacturing Businesses Maximizing Efficiency with SaaS Accounting Software for Manufacturing In today’s dynamic business landscape, manufacturing companies face a multitude of challenges in managing their financial operations efficiently. From navigating complex supply chains to adhering to evolving regulations, the demand for robust accounting solutions has never been higher.
Global Finance
JULY 26, 2024
In an impressive turnaround, the Czech Republic’s consumer price index has sunk from a hefty 17.5% in February of last year to 2%—the Czech National Bank’s target—in June of this year. It’s the biggest percentage drop in inflation in the developed world since the beginning of 2013. Since assuming office at the peak of the republic’s inflation crisis in 2022, CNB Governor Aleš Michl has been implementing a unique and rather unorthodox strategy to combat price hikes.
Nerd's Eye View
JULY 26, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that Charles Schwab's latest RIA benchmarking study shows that firms saw significant AUM growth in 2023, thanks in part to strong equity market performance, but also thanks to organic growth initiatives that brought in additional assets from new and existing clients.
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Business travel is more than just a line item. It’s a strategic opportunity to align with your company’s goals and empower your employees. With 60% of employees dissatisfied with the ease of booking and modifying travel plans, there’s a significant opportunity to improve travel management. This one-pager explores how to transform travel into a powerful tool for organizational success.
CFO News
JULY 24, 2024
The government aims to simplify import procedures under Free Trade Agreements (FTAs) by proposing self-certification for proof of origin from FTA nations to claim duty concessions. Currently, importers must present a 'certificate of origin' to qualify for these concessions.
CFO Dive
JULY 23, 2024
Interim CFO Ben Kung said the music streamer is “encouraged” by the initial consumer reaction to the company's recent price hikes.
Tips Watch
JULY 21, 2024
By David Enna, Tipswatch.com On July 15, an ugly-duckling 10-year Treasury Inflation-Protected Security matured. It was CUSIP 912828WU0, first auctioned on July 24, 2014. I call it an ugly-duckling because the auctioned real yield was 0.
Global Finance
JULY 23, 2024
The plan by the Big Three banks to unwind their cross-shareholdings points to a long-awaited turn to better corporate governance. The announcements in June by Japan’s three megabanks that they will sell $5.4 billion of their strategic cross-shareholdings over three years mark a milestone in the decades-long effort to remodel Japanese corporate governance along more investor-friendly lines.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.
CFO Thought Leader
JULY 25, 2024
Inside The Mentoring Round, CFO Steve Vintz of Tenable shares key career insights, emphasizing his passion for growth companies and entrepreneurship. Early on, he realized the appeal of smaller, venture-backed companies over large corporations, leading him to a career focused on growth-oriented businesses. Vintz discusses a critical acquisition decision where he advocated against proceeding with a deal, highlighting the importance of discipline and listening to one’s intuition.
CFO News
JULY 25, 2024
The Budget's CGST amendments aim to simplify compliance, enhance transparency, and foster a business-friendly environment, marking a significant refinement in India's GST framework, say tax experts.
CFO Dive
JULY 23, 2024
“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.
Future CFO
JULY 21, 2024
Given the advent of artificial intelligence and machine learning, the accounting profession faces challenges in talent as it continues to navigate its way around digitisation and shifts in the market. It is why the accounting profession is in need to keep up with the technological trends and not be caught off guard by the hurdles on the way, fully understanding the weight and importance of upskilling and reskilling.
Speaker: Gary Dmitriev
Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.
Global Finance
JULY 22, 2024
A sizable decline in foreign direct investment (FDI) in China and a notable decrease in M&A sales across developing Asia contributed to an 8% fall in FDI to $621 billion across the region in 2023, according to data from the United Nations Conference on Trade and Development (UNCTAD). Nowhere was the drop steeper than in South Asia, where a 37% fall to $36 billion was reported.
Capital CFO LLC
JULY 24, 2024
Learning how to effectively communicate to your funders is vital for nonprofits. It’s not just about the money. By building and nurturing relationships with those who support the mission, nonprofits can create a foundation of trust, commitment, and mutual respect. This, in turn, fuels ongoing support and engagement, which is critical to achieving long-term goals […] The post How to Effectively Communicate to Your Funders appeared first on Capital CFO+.
CFO News
JULY 23, 2024
Union Budget 2024 emphasizes MSME support with innovative measures like new Public Sector Bank credit assessments, increased MUDRA loans, stress-period credit support, a Credit Guarantee Scheme, expanded SIDBI branches among others. The Finance Minister said these initiatives aim to enhance MSMEs' global competitiveness. Notably, MSMEs were also a part of the four major themes in this year’s Budget.
CFO Dive
JULY 23, 2024
Finance teams are grappling with roadblocks such as demanding workloads, a lack of relevant capabilities and insufficient resources.
Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms
Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.
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