Wed.Dec 06, 2023

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Mapping CFOs road to success

Future CFO

Being a chief financial officer (CFO) pertains not just to a career progression but the initiation of a whole new game, demanding a unique set of mindsets and practices to ensure not just immediate success but sustained value creation. It is imperative that finance leaders must understand their way towards success, not only for their role, but for the organisation as a whole.

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Microsoft: AI tools for CFOs set to go live on Dec. 31

CFO Dive

The announcement marks the latest effort by Microsoft to stake out a dominant position in the rapidly evolving AI-enabled business applications market.

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Uniqus buys Goodera's global ESG biz, aims $20 mn revenue from acquisition by FY28

CFO News

Uniqus Consultech, a recent entrant in accounting and ESG consulting, has acquired Goodera's global ESG business, unveiling the rebranded ESG UniVerse. The strategic move aims for global ESG market leadership and a $20 million product within 5 years.

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Airbnb CFO moves to new chief business officer role

CFO Dive

The short-term home rental company’s CFO will transition to a new role as Airbnb reaches an “inflection point” with plans to expand beyond its core business.

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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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ATM: Investing Skill vs. Luck 

Barry Ritholtz

 Investing Skill vs. Luck with Michael J. Mauboussin, Counterpoint Global (Dec 6, 2023) Is it better to be lucky or good? How much of a role does luck pay in investing? And how can you tell the difference between chance and skill? In this episode of At the Money, I speak with Michael Mauboussin. ~~~ About Michael J. Mauboussin: Michael Mauboussin is head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management.

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Orchestrating cohesion amid a multifaceted focus

Future CFO

“The role of the CFO has become one of the most complex and demanding in the C-suite. From financial expertise to strategic decision-making to risk and stakeholder management, successful CFOs should possess a diverse skill set to help guide companies through ever more complex business landscapes and financial and regulatory environments.” PwC With technology powering much of business innovation and transformation, PwC expects CFOs will be expected to bring together equal parts business, strategi

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FASB targets fix for derivatives ‘whack-a-mole’ problem

CFO Dive

The derivative project comes a month after the FASB moved ahead with developing a new standard for government grants.

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When Does A Financial Coach Need To Register As An Investment Adviser? The “ABCS” Test To Determine Status

Nerd's Eye View

Over the past several years, the financial services industry has undergone a tremendous evolution in how financial advisers deliver and charge for their services. While commission-based models remain in use, fee-for-service models (including AUM, hourly, retainer, and subscription) have become increasingly popular. And because many service offerings have traditionally focused on areas like investments and securities recommendations, there has been little debate about the need to register as an a

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The Charlie Munger Manifesto (via Vishal)

Barry Ritholtz

The Charlie Munger Manifesto / PDF The post The Charlie Munger Manifesto (via Vishal) appeared first on The Big Picture.

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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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FinTech Global lists ION products in the RegTech 100 list for second consecutive year

Reval

LONDON – 6 December 2023: ION, a global leader in trading and workflow. The post FinTech Global lists ION products in the RegTech 100 list for second consecutive year appeared first on ION.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning plane reads: • The Fed Matters Less Than You Think : Listen, I’m not saying the Fed’s rate hikes had no bearing on inflation. It certainly helped slow hot sectors of the economy like the housing market. But their actions have mattered far less than you think during this bizarre pandemic-induced economic cycle. ( A Wealth of Common Sense ) • The Takeaways Two Years After ‘Transitory’ Timed Out : Whether or not you choose to use that word, price pressures weren’t permanent. ( F

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MNCs challenge GST notices on services received from expats

CFO News

econdment or deputation of expatriates is subject to GST if the expatriate employee is being reimbursed by the Indian company for the services provided to the company. As per the GST law the Indian company is deemed as the recipient of the service, and the services provided by the expatriate will be considered as a "supply of manpower" under the GST law.

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The integration of blockchain solution in the finance function

Future CFO

Utilising technological advancements in the face of a fast-changing world is definitely considered a smart move that requires careful financial planning. It is important that financial leaders understand the details of the planning to ensure the project’s success and ongoing success, considering that building a robust blockchain solution necessitates skilled developers and essential resources.

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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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ADB, Government of India sign $175 million loan to improve connectivity in Madhya Pradesh

CFO News

The project will upgrade about 500 kilometers of state highways and major district roads to a standard two-lane feature. These roads will incorporate climate- and disaster-resilient design, innovative road safety elements, and facilities that will respond to the needs of the elderly, women, children, and people with disabilities.

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Cyber and digital technology risks key concern among business leaders

Future CFO

Cyber and digital technology risks are a key concern for businesses and risk leaders in 2023, even as 60% see GenAI as an opportunity for their businesses, said Pw C recently. According to PwC’s 2023 Global Risk Survey, while 39% of respondents feel “highly” or “extremely” exposed to inflationary risks, cyber and digital technology risks are top concerns, at 37%, and 32%, respectively.

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White-collar hiring falls 12% in Oct-Nov: Report

CFO News

Oil & gas, pharma and insurance were among sectors that exhibited job growth from a year earlier during the two-month period. In the IT sector, one of the largest employers in India, hiring fell year-on-year, but month-on-month data suggest a stabilisation in activity.

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From Q4 onwards, expect to see growth back: Anupam Rasayan CFO

CFO News

“China is coming in and that also is increasing the market supply and reducing the demand for the industry. I would say that probably a large part of the whole pain is through and I guess after a quarter or two, we should be able to see a more normal growth rate that we have been seeing in the past.

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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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Calcutta HC grants Delta Corp interim relief in Rs 6,384 cr tax demand case

CFO News

The Calcutta High Court has granted interim relief to Delta Corp's Deltatech Gaming Ltd in a Rs 6,384 crore goods and service tax (GST) demand case. The court directed that no effect shall be given to any order passed by the Tax Authority in relation to the show cause notice for the above demand without the leave of the High Court.

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Online gaming funding falls from Rs 12,740 cr in FY22 to Rs 835 cr in FY24

CFO News

The report stated that interest rate hikes, tightened liquidity, inflation, changes in taxation, and concerns about an imminent recession are some of the reasons for the dip in investments in the online gaming segment.

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NFRA bans two auditors for up to 10 years for lapses in DHFL’s FY18 audits

CFO News

In two separate orders, made public on Wednesday, the regulator has banned Jignesh Mehta for taking up audits for 10 years and Amit Vinay Chaturvedi for five years. A penalty of Rs 5 lakh has also been imposed on each of them. These are among the severest punishments, extended by the NFRA, to scores of DHFL auditors in various cases of misconduct.

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NCLAT upholds NFRA’s power. What does it mean for auditors and larger financial sector

CFO News

The NFRA can also recommend accounting and auditing policies and standards to the government for adoption. Before it was set up, the Institute of Chartered Accountants of India (ICAI) had, more or less, exclusive jurisdiction over disciplining the auditors. The Ministry of Corporate Affairs and regulators like Sebi have limited oversight over auditors.

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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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Taxman told to refund HSBC voluntary deposit

CFO News

The high court concluded that the rejection of the refund was illegal as it violated Article 265 read with Article 14, and observed that the department couldn't point out any provision under the Finance Act, 1994 that it allow them to retain the amount.

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Grant Thornton could add nearly two dozen senior executives to assist companies on M&A deals

CFO News

The number 5 ranked auditor has signed up with executives from some of the Big four accounting firms such as PwC and KPMG but is yet to announce the hiring as the people are still serving out their contracts at existing employers.

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Retention toolkit: India Inc readies golden handcuffs to arrest CXO attrition

CFO News

A toolkit to bind the CXOs may include measures like longer tenure employment contracts (five years versus three years) and longer notice periods (six to nine months) as compared with three months earlier, according to the CXO search consultants.

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Sebi seeks 'commitment' from fund managers that AIFs won't be misused

CFO News

"I personally feel that the regulator would relook at some of restrictions once these conditions are fulfilled," said the Sebi official in the course of an interaction which was organised by the industry lobby Indian Venture and Alternate Capital Association (IVCA).

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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.