Thu.Dec 15, 2022

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CFO Challenges to Watch out for in 2023

The Finance Weekly

2022 was another challenging year for businesses worldwide. While some of the old challenges of 2020 and 2021 are still lingering, this year brought a list of new difficulties as well. For CFOs, 2023 will be a challenge not only in their direct role as head of finance, but also in how they help set the budget and tone for the rest of the company. Here are 5 of the biggest challenges that CFOs face in the upcoming year and how they can help lead the company in the right direction. 1) Inflation.

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New CFO shares first-timer tactics

CFO Dive

Jeremy Klaperman advises new CFOs to establish a wide range of connections and to seek potential over knowledge when hiring talent.

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Trending Sources

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Where Are All The Proudly Premium-Fee Advisors?

CFO News Room

Executive Summary. For the better part of a decade, the financial services industry has anticipated the coming of fee compression, mainly due to the rise of robo-advisors offering low-cost automated wealth management services. Yet even though fee compression has not been fully realized to the extent the industry has generally expected, lower cost robo-advisor services have still compelled financial advisors to maintain relatively low fees.

Math 130
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PCAOB gains breakthrough access to Chinese audit firms

CFO Dive

The PCAOB’s push for more transparency in China-based companies will enable CFOs and auditors who heavily rely on Chinese firms to better understand their partners’ operations.

Auditing 261
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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Beyond the numbers: What teaching shortages look like in practice

CFO News Room

In a recent report , we reviewed the size and scope of the national teacher shortage using data from a wide range of public and private sources, including the Bureau of Labor Statistics, the National Center for Education Statistics, the RAND Corporation, and others. The available data consistently point to a large and growing problem of teacher vacancies that looks unlikely to be filled without substantial efforts to increase job quality for teachers.

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More Trending

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Manufacturing Sector Declines in November

CFO News Room

Total industrial production decreased by 0.2 percent in November after declining by 0.1 percent in October. Total industrial production is down in five of the last seven months. Over the past year, total industrial output is up 2.5 percent (see first chart). Total industrial capacity utilization decreased 0.2 points to 79.7 percent from 79.7 percent in October.

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M&T hires ex-Truist CFO Bible

CFO Dive

Truist CFO Daryl Bible, who played a critical role during the BB&T-SunTrust merger, will join M&T bank as it consolidates its tie-up with People’s United.

CFO 130
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Netflix, Snap, Warner Bros. Discovery, AT&T, Novavax and more

CFO News Room

The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters. Check out the companies making headlines in midday trading. Netflix — Netflix tumbled more than 9% following a report from Digiday that said the streaming stock’s early-stage advertising business is missing viewership targets.

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What Can AI Do for Investment Portfolios? A Case Study

CFA Institute

One AI equity trading model hints at the technology's potential to transform investment management.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Why You Should Enable Apple’s New Security Feature in iOS 16.2 Right Now : Apple just rolled out iOS 16.2, a software update that includes a key new feature called Advanced Data Protection for iCloud. That means you can finally enable end-to-end encryption for your iCloud backups so no one but you—not even Apple—can access your iCloud data. ( New York Times ). • The FUD Behind the Crypto Collapse : Sam Bankman-Fried and Binance’s Changpeng Zhao were ostensible partn

Economics 110
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How Boards Can Guide Company Strategy on Social Issues

CFO News Room

Given shifting stakeholder expectations around corporate stances on social issues and the potential reputational and financial consequences of poor decisions, board directors must focus on their company’s capacity and strategy for addressing these issues. They should demand a framework for determining relevance; ask smart questions about alignment, opportunity and risks; gather feedback from stakeholders, especially employees; consider objectives and tactics; consult with a diverse advisory team

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Surviving the Recession – on newsstands now!

The Reformed Broker

A few weeks back I sat down with Bank of America’s quantitative and equity strategist Savita Subramanian and fellow financial advisor Georgia Lee Hussey to talk about how investors can protect themselves and find opportunity in 2023. There’s definitely a cloud hanging over the year to come – we’ve never seen a steeper or faster rate hiking cycle in the last half century and a lot of trends that mad.

Banking 98
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Modern Financial Reporting & Analytics: The Path to Business Success During Times of Volatility

Centage

Why Accurate and Granular or Detailed Financial Reporting is Imperative During Times of Volatility. Business moves at a fast clip, whether during times of economic expansion or times of uncertainty like we are experiencing today. Often, CFOs and executive teams put together a plan that represents a snapshot of what they believe will happen, based on the best data they have available at the time.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Maximum India at G20

CFO News

The G20 agenda is far more relevant, starting from the sustainable environment, cities, data sharing, international financial architecture, global partnerships for financial inclusion, joint finance and health task force, international taxation, culture, digital economy and education, to name a few. These are divided into Sherpa and Finance tracks.

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TripActions’ Travel and Expense Predictions for 2023

CFO Leadership

After nearly three years of pandemic disruptions, industry experts from TripActions are optimistic that 2023 will be the long-awaited light at the end of the tunnel for business travel. For the corporate travel and expense industry, 2023 promises a complex convergence of the current macroeconomic environment and the undiminished demand for travel. This combination will test leaders’ ability to do more with less; it also underscores the value inherent in relationship-building and in-person connec

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Managed Futures: A Risk-Off Solution?

CFA Institute

If Treasuries no longer fulfill their traditional role, what other strategies or asset classes can enhance diversification and deliver consistent returns?

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Online marketplaces in India to hit US$350B in GMV

Future CFO

Online marketplaces in India to hit US$350 billion in gross merchandise value (GMV) in 2027, said Bain recently when releasing the “The Rise of Digital Bazaars in India” report jointly done with Accel. These online marketplaces in India will be creating US$400-US$500 billion in enterprise value, contributing more than 5% to India’s GDP, the firm noted.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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GST: GoM on online gaming, casinos submits report to Sitharaman

CFO News

The agenda for the Council meet so far did not include a discussion on online gaming. Now that the report has been submitted, it is likely that the Council may take it up for consideration.

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2022 Wrapped in a Bow: Set Your New Year Up for Financial Success with Our Top Insights

CFO Alliance

The post 2022 Wrapped in a Bow: Set Your New Year Up for Financial Success with Our Top Insights appeared first on CFO Alliance.

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NBFCs seen growing at 10-12 pc this fiscal and next

CFO News

Sectoral profitability will improve by 40-50 basis points (bps) this fiscal, supported by stable margins and lower credit cost, and will reach the pre-pandemic levels, the report said.

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5 Books to Stuff Your Stocking This Holiday Season

CFO Alliance

The post 5 Books to Stuff Your Stocking This Holiday Season appeared first on CFO Alliance.

CFO 52
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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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India cuts windfall tax on crude, aviation fuel

CFO News

India cuts windfall tax on crude, aviation fuel

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No Bull – Market Talk with George Noble

Barry Ritholtz

Last year, I interviewed Peter Lynch of Fidelity at the MIT Sloan Conference. I also met George Noble , who worked with Peter for many years. He runs a fun trading group on Twitter — and had me be guest on it this week. Strap yourself for in for a fun ride with a bunch of traders. NO BULL – Market Talk with George Noble. Please consider donating to World Central Kitchen : .

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: CMS Energy, Mativ & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Long-Term Rentals vs. Vacation Rentals 

Financial Analyst Insider

Anyone who wishes to invest in property to put it up for rent, later on, can consider both long-term and short-term rentals. Any real estate. The post Long-Term Rentals vs. Vacation Rentals appeared first on Financial Analyst Insider.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.