Thu.Aug 03, 2023

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M&A slump raises bar for seller CFOs

CFO Dive

The mergers and acquisitions boom is long over. The best CFOs are cleaning up their books and arming their CEOs with key data to win offers anyway.

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NFRA debars auditor of Bartronics India for 10 years

CFO News

​The order came after NFRA received information from the Ministry of Corporate Affairs regarding irregularities observed by the Financial Reporting Review Board (FRRB) of Indian Institute of Chartered Accountants of India (ICAI).

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CPA firms facing talent shortage hike starting salaries 14%

CFO Dive

Many accounting firms lacking qualified staff have had to turn away work, according to alliantTalent.

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Fundamentals of Financial Management: The Secret to Profitable Growth

Driven Insights

HOW TO GET MORE FROM YOUR Virtual CFO, & Virtual BOOKKEEPER What are your goals for your business? Do you want to expand your market, release a new product or increase sales? Believe it or not, whatever your primary goal is for your company, the key to achieving it lies, not in your sales department, but in your finance function. How so, you ask?

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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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Former Google Cloud CFO heads to Stripe

CFO Dive

The transition to a new CFO comes at time when the digital payments company might be gearing up to go public.

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More Trending

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UPS-Teamsters deal: 8 highlights in tentative contract

CFO Dive

Here’s a deeper look at the planned changes shippers and businesses that rely on UPS can expect, including less reliance on the U.S. Postal Service and a bargaining process for drone use.

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Rerating a superpower

CFO News

Interest rates in the US are at a 22-year high, while the banking sector still remains shaky emerging out of a crisis recently.

Banking 98
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Who Are the World’s Largest Land Owners?

Barry Ritholtz

Source: Madison Trust The post Who Are the World’s Largest Land Owners? appeared first on The Big Picture.

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SMB & Startup Business in Aerospace & Defense

VCFO

Five Principles for SMB & Startup Business in Aerospace & Defense A recent PwC report notes that the aerospace & defense (A&D) industry generated $741B in 2022 and stands poised for further growth in the years ahead. It’s no wonder then that a wide range of SMBs and startups are enticed by opportunities to do business in the A&D space.

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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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Global VC investment remains muted

Future CFO

Global VC investment dropped for the sixth consecutive quarter in Q2’2023 – falling from US$86.2 billion across 10,121 deals in Q1’23 to $77.4 billion across 7,783 deals in Q2’23, said KPMG recently. Increasing interest rates, stubbornly high inflation, domestic and geopolitical challenges — including the protracted war in Ukraine, and ongoing concerns about the stability of the global banking system all combined to make it a challenging quarter for global VC investment, despite global interest

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Companies line up IPOs to raise around Rs 8,000 cr in August

CFO News

Companies such as SBFC Finance, Concord Biotech, Jupiter LifeLine Hospitals, TVS Supply Chain Solutions, Balaji Speciality Chemicals, Yatra Online, Innova Captab, Aeroflex Industries, Rishabh Instruments, and Vishnu Prakash R Punglia are likely to launch their maiden public issue this month.

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Clips From Today’s Halftime Report

The Reformed Broker

Apple’s earnings are going to move the market, says Ritholtz’s Josh Brown from CNBC Chart of the day: Qualcomm from CNBC Grade my trade: DIS, UNH, RIG & BROS from CNBC Final Trades: Uber, Cisco, CVS & more from CNBC

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Going global good for IndiGo as home turf to get crowded

CFO News

ET Intelligence Group: InterGlobe Aviation's decision to expand its presence on international routes is timely considering the rising competition in the domestic market where it already controls over 60% share. Given the factors such as network expansion, capacity deployment, and a possible benefit of tax loss, analysts have raised the earnings per share (EPS) forecast for FY25 by as much as 38% (Emkay).

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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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9 Reasons to Entertain an Accounting Career

Driven Insights

There are so many reasons why anyone would want to consider a finance and accounting career. This article addresses the most compelling motivations below, but first, we thought it was important to clearly define what an accountant is and describe exactly what they do.

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Exemptions in new data bill limited to national security, public order: MoS IT Rajeev Chandrasekhar

CFO News

It took more than a decade - and half-a-dozen extensive iterations on the initial superstructure – for New Delhi to finally bring in a comprehensive bill that aims to safeguard digital privacy of Indian citizens.

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Outsourced Virtual CFO & Bookkeeping: Your New Best Resource

Driven Insights

Sure, every small business could use a new sales person who can “make it rain,” but this year, we recommend you look to another – less obvious – position to fill the most important gap on your team (or that of your client or portfolio company). Most small businesses can unlock tremendous value by hiring the right resource(s) to take their finance function to the next level.

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With trading community turning lukewarm, crypto startups look to rebuild for the future

CFO News

If the sector is to grow, rather than those solely interested in making a profit, it will need committed users who benefit from those commitments and will stick to them even through a hurricane, say founders.

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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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Nedbank Wealth CFO Nadia Schaerer: On how to be a better boss

CFO Talks

Written by Staff Writer In the age of talent wars, Nadia Schaerer shares with us her strategy for not only getting the most from staff, but also making sure they feel connected to the bigger picture. Nadia Schaerer, CFO of Nedbank Wealth, recently spoke to the CFOConvo Webinar about her human centered leadership approach. “It’s all about making sure you’re seeing your staff as human.

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State Bank of India files insolvency plea against Mumbai Metro One

CFO News

State Bank of India (SBI) has approached the National Company Law Tribunal (NCLT) against Mumbai Metro One (MMOPL) to admit the company under the Corporate Insolvency Resolution Process (CIRP). The company is a joint venture between Anil Ambani-promoted Reliance Infrastructure (RInfra) and Mumbai Metropolitan Regional Development Authority (MMRDA).

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NCLAT reviewing dismissal of Simplex insolvency case

CFO News

The principal bench of the National Company Law Appellate Tribunal (NCLAT) is reviewing an order by a lower court that had dismissed a plea by the Central Bank of India to commence bankruptcy proceedings against Kolkata-based Simplex Infrastructures.

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Piyush Goyal cautions against 'game of dividing' by developed countries at WTO for favourable agreement on fisheries, ecommerce

CFO News

Ahead of a key ministerial conference of the World Trade Organization (WTO) early next year, commerce and industry minister Piyush Goyal cautioned emerging markets, developing countries and the least developed countries of the developed countries’ “game of dividing” them to get agreements on fisheries and e-commerce moratorium that address the needs of a few countries only.

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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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India dismisses reports that it opposes BRICS expansion

CFO News

With the upcoming BRICS summit in Johannesburg set to discuss admitting new members, India on Thursday dismissed as "baseless" reports that it is opposed to the expansion of the grouping. It is learnt that New Delhi is yet to take a final decision on Prime Minister Narendra Modi's in-person attendance in the summit of the five-nation grouping from August 22 to 24.

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Growth prospects intact in FY24 but external headwinds weigh: Finance Ministry

CFO News

India's growth prospects remain intact for FY24, but negative cross-border spillovers and other adverse global developments may deter potential high growth, according to the finance ministry. However, the country's domestic dynamics continue to be robust, with solid fiscal performance and sustained growth momentum gathering from the March to June quarter.

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Dabur CFO talks on highest turnover in a quarter, volume growth & clarifies on honey

CFO News

"We had to take 6-7% price increases last year and a significant part of the flows through them are coming. But the good point is that we are seeing an uptick in volume, both rural, urban, and in largely all the categories. Over the last three-four quarters, volume growth was nearly flattish, but now there is an uptick.

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28% GST on online gaming sector to hit FDI inflows, cut demand for 5G : BIF

CFO News

The Broadband India Forum has called on the government to review the GST Council’s decision to slap a hefty 28% goods & services tax on online skill-based gaming, saying such a move could put the lid on potential foreign direct investment (FDI) inflows into this sector and also hurt future demand for 5G services.

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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.