Thu.Nov 30, 2023

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The Relationship Between a Fractional CFO and Your Public Accounting Firm

Beacon CFO Plus

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively. Here are some guidelines for how they should work together to avoid any potential roadblocks or conflicts.

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Accounting events for Q4 and 2024

CFO Dive

It’s time to consider registering for a range of upcoming accounting conferences — both in person and online. CFO Dive’s got a list to help sort through them.

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Trending Sources

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94 Percent of Indian CFOs bullish on nation's economic future, reveals Deloitte Survey

CFO News

Indian CFOs exhibit unparalleled confidence in their nation's economic future, with 94 percent expressing optimism, in stark contrast to the 30 percent among their Asian counterparts. Deloitte's APAC CFO Survey 2023 sheds light on this disparity, emphasizing India's financial leadership and the evolving role of CFOs in the region.

Economics 145
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Inflation, consumer spending cool, validating pause in Fed rate hikes

CFO Dive

Fed officials have recently noted progress in curbing price pressures but cautioned against expectations of sustained disinflation or an imminent cut to borrowing costs.

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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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The brave nation builders of India Inc

CFO News

I strongly believe it is high time policymakers, India Inc, and specifically decision makers like CFOs and HR heads, look at the workers very seriously. Because they are the brave ones who are building India and India Inc.

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More Trending

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Owners Keep Zombie Malls Alive Even When Towns Want to Pull the Plug : Aging malls often take a long time to expire, but they can remain valuable assets. ( Wall Street Journal ) • A strange, short journey through Shein’s world : The fast fashion brand has been trying to drop the secrecy around its business model and supply chain.

Education 103
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Claire’s taps Bath & Body Works vet for CFO-COO role

CFO Dive

The appointment comes as the retailer is weighing the best time to go public, after withdrawing an IPO earlier this year.

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20 per cent of Indian businesses lack emissions plan amid climate crisis, warns report

CFO News

A recent report by ACCA, IFAC, and PwC reveals that 20 per cent of Indian companies lack an emissions reduction plan, emphasizing the urgent global need for comprehensive climate strategies. CFOs and finance teams can play a crucial role in driving sustainability and achieving net-zero ambitions.

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Kitces & Carl Ep 126: The Best Ways To Boost Advisor Productivity: New Tech Efficiencies Vs. Old Fee Increases

Nerd's Eye View

Financial advisors looking to increase their firm's productivity may often start by choosing either to hire more employees as a way to delegate their workload, or to implement new technology solutions to increase the efficiency of their work processes. While the expectation is often that investing in these solutions will enhance efficiency, advisor capacity, and margins without proportionally increasing costs, the reality is that they typically have a modest impact on profitability (with no more

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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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India's GDP grew 7.6 per cent in Q2 FY24

CFO News

India's GDP growth for the April-June quarter reached 7.8 per cent.

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Closing the financing gap to mitigate green projects risks

Future CFO

Institutions and investors must close the financing gap to transition to net-zero and mitigate risks surrounding green projects, according to a new report by Deloitte. The Financing the Green Energy Transition report found that new cost-reducing finance instruments can help de-risk green projects in developing economies while making investing in these projects more attractive.

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Clix Capital’s CFO aims to close FY24 with 3X profitability, 40% AUM growth

CFO News

Gagan Aggarwal eyes profit of Rs 80 crore and assets under management of Rs 6,000 crore during FY24 on robust credit demand from healthcare, education, and MSME retail sectors.

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Vantage Data Centers appoints new APAC CFO

Future CFO

Vantage Data Centers, a global provider of hyperscale data center campuses, recently announced the appointment of Joel Cheah as CFO, APAC. As an experienced and award-winning financial executive with a focus on real estate investment trusts (REITs), Cheah brings more than 15 years of experience navigating finance, tax regulations, capital markets and investor relations, Vantage said.

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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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India's manufacturing activity ticks higher as input inflation falls to 40-mth low: PMI

CFO News

India's manufacturing sector experienced a moderate improvement in November, with the S&P Manufacturing PMI reaching 56, up from October's eight-month low of 55.5. While domestic demand remained robust, international demand weakened, resulting in new export orders reaching a five-month low. Business sentiment also reflected concerns about potential price increases in the near term.

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Finance leaders, professionals yet to produce plan on sustainability

Future CFO

Finance leaders and professionals around the world are yet to concoct their plans on sustainability , according to a joint research by the Association of Chartered Certified Accountants , the International Federation of Accountants , and PricewaterhouseCoopers International. The survey , which asked 1,000 senior finance professionals, underlines organisations’ urgent need for strategies and transition plans to combat climate change, remain successful, and meet stakeholder expectations.

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One in five Indian firms without emission reduction plans as climate crisis looms: Report

CFO News

The report, titled "The role of the CFO and finance function in the climate transition: driving value and sustainability," is based on a survey of 1,000 senior finance professionals worldwide.

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Top 5 Mistakes Caught in a Nonprofit Audit

The Charity CFO

Does the idea of an audit from the IRS leave you with sweaty palms? Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit. This guide will help you better understand the common mistakes nonprofits make in their accounting systems.

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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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Jewellery trade moves to expose shell companies, curb illegal fund flows

CFO News

The initiative to trace UBOs in the jewellery trade is being led by the main industry body Gem & Jewellery Export Promotion Council (GJEPC), which had introduced the 'MYKYC' regime in 2019 in the wake of the Nirav Modi-Mehul Choksi scam, making it mandatory for members to reveal UBOs of companies and IDs and personal details of proprietors of domestic firms.

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FP&A – Managing by Metrics

Centage

So many FP&A Managers build out some rocking KPI dashboards and management is excited to be able to report on all those metrics. However many businesses manage using metrics all wrong. Managing using data is not inherently incorrect, but doing it wrong can add risk. The Goodhart’s Law of “When a measure becomes a target, it ceases to be a good measure.” is a danger to anyone measuring metrics in their business.

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GDP numbers suggest private capex gaining steam, say experts

CFO News

India's GDP growth in the September quarter of the fiscal year reached 7.6%, making it the fastest-growing large economy. The rebound was driven by a strong performance in the manufacturing, mining, and services sectors. The Gross Value Added (GVA) in the manufacturing sector saw a growth of 13.9%, indicating a significant increase in production to meet pent-up demand before the festivals.

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The Mentoring Round | Lauren StClair, CFO, NerdWallet

CFO Thought Leader

Inside The Mentoring Round, CFO Lauren StClaire reflects on her early days as a CFO and how she came to embrace the power of saying “no” or “not right now,” a skill that many new leaders find difficult to master. Despite having mentors and sponsors who shared their wisdom and experiences, CFO StClair tells us she learned to appreciate the value of prioritizing the most important things in life, both personally and professionally. 955: When It’s Time to Raise Your Ha

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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.

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Coca Cola to invest Rs 1,387 cr for new plant in Maharashtra

CFO News

The greenfield facility in the Khed taluka is expected to be operational by 2025, and was termed as a "major leap" in the company's manufacturing capabilities. The unit will provide direct and indirect employment to 350 people. A total of 81,000 people will benefit in the state through its community initiatives, the statement said.

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EY survey: private equity activity picks up in Southeast Asia in Q3

Future CFO

Private equity activity picks up in Southeast Asia in the third quarter of 2023, according to a survey by Ernst & Young. The EY Quarterly Private Equity Update: Asean found that the region saw a total of 18 private equity-backed deals worth US$1.8 billion, compared with 18 deals worth US$1.2 billion in the same period last year. The survey , which provides a roundup of the private equity deals along with capital activities across major sectors in Southeast Asia from July to September 2023,

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PVR Inox says it will open 150 screens next fiscal with Rs 500 cr investment

CFO News

PVR Inox, India's largest multiplex operator, is planning to open 150 screens in the next fiscal year with an investment of approximately Rs 500 crore. The company already operates 118 screens across 23 properties in Mumbai and a total of 1,711 screens at 359 properties in 114 cities, including Colombo.

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Venture Capital Sentiment Tracker – October 2023

Fox Corporate Finance

October 2023: Biotechnology Medical Technology Health Technology Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Biotechnology Funding Volume (€m) 0 Trend Medical Technology Funding Volume (€m) 0 Trend. Read more The post Venture Capital Sentiment Tracker – October 2023 appeared first on FCF Fox Corporate Finance GmbH.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.