Wed.Jul 17, 2024

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Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations

CFO Dive

Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.

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2024 Paris Games: Can The Olympics Finally Claim Financial Victory? (Part 1)

Global Finance

In this two-part feature on the economics of the Summer Olympics, Global Finance delves into the financial strategies and innovations that the 2024 Paris Games , which run from July 26 to Aug. 11, are implementing to avoid the pitfalls of past host cities. Part one explores the historical context of Olympic costs and the steps the Paris Games’ organizing committee is taking to ensure fiscal responsibility.

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‘Say-on-pay’ proxy support rises despite concerns about PSUs: EY

CFO Dive

The number of investor activist campaigns this proxy season rose to 691, a 2.4% increase compared with 2023, according to EY.

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Harnessing data and technology for sustainable reporting

Future CFO

Aaron Saw , senior subject manager – corporate reporting at the Association of Chartered Certified Accountants (ACCA), and Ricky Cheng , director and head of risk advisory at BDO Hong Kong , discuss how to use data and technology as enablers to produce high quality sustainability-related information. The post Harnessing data and technology for sustainable reporting appeared first on FutureCFO.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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High interest rates dampen hopes for robust M&A recovery

CFO Dive

While M&A activity is gaining momentum, dealmakers continue to face a mixed macroeconomic environment, Boston Consulting Group analysts said.

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HSBC names CFO Elhedery as its next CEO

CFO Dive

The Lebanon-born banker was seen as an early front-runner to succeed Noel Quinn. Elhedery took a sabbatical in 2022, reportedly learning Mandarin, and was named CFO when he returned.

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Understanding Contracted Annual Recurring Revenue: A Comprehensive Guide

The SaaS CFO

Contracted Annual Recurring Revenue (CARR) was an obscure metric in the SaaS world years ago. Today, it’s become a hot and controversial SaaS metric when discussing company growth and SaaS valuations. CARR is a forward-looking SaaS revenue metric that estimates the maximum revenue size of a SaaS company. CARR combines two important aspects of revenue: […] The post Understanding Contracted Annual Recurring Revenue: A Comprehensive Guide appeared first on The SaaS CFO.

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GST Amnesty Scheme: Key Considerations for Budget 2024

CFO News

The introduction of the Goods and Services Tax (GST) seven years ago remains a landmark reform in India. Kartik Solanki, Partner, Indirect Tax, BDO India, explores the evolving landscape and the newly proposed Amnesty Scheme.

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Business Buy-Sell Agreements In The Wake of Connelly V. IRS: Ensuring Clients’ Business Succession Plans Don’t Create Future Estate Tax Issues

Nerd's Eye View

Buy-sell agreements are a common succession planning tool for business owners where, upon a triggering event like the death of one owner, the surviving owners have either the option or the contractual obligation to purchase the deceased owner's shares of the business. Traditionally, buy-sell agreements are structured either as cross-purchase agreements (where the surviving owners buy the deceased owners' shares directly from their estate) or entity-purchase agreements (where the business itself

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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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Budget 2024 proposals: Revamped PM Awas Yojana, affordable housing, increased income tax deduction for homebuyers

CFO News

Budget 2024: Homebuyers and the real estate sector want significant growth-oriented measures from Finance Minister Nirmala Sitharaman in Budget 2024. Sitharaman will present the first full-year Budget on July 23, 2024. From revised schemes under PM Awas Yojana, enhanced tax breaks to reviving Credit-linked Subsidy Scheme (CLSS) for homebuyers, here are six measures that real estate experts and aam aadmi expect from Budget 2024.

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Karnataka jobs reservation for Kannadigas: India Inc says move 'discriminatory', calls for it to be junked

CFO News

The Karnataka cabinet approved a bill mandating 50% reservation for locals in management jobs and 75% in non-management jobs in the private sector, along with 100% reservation for locals in "C&D" grade government jobs. Industry leaders, including Mohandas Pai and Kiran Mazumdar-Shaw, criticized the bill as discriminatory and potentially harmful to the tech industry.

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Nazara Technologies' two subsidiaries get Rs 1,120 crore GST demand notice

CFO News

According to an exchange filing, the Director General of GST Intelligence in Kolkata issued show cause notices to Openplay Technologies and Halaplay Technologies on Tuesday, July 16. The proposed liabilities are Rs 845.72 crore for Openplay Technologies and Rs 274.21 crore for Halaplay Technologies.

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CBIC exempts these businesses from filing GSTR-9 annual return for FY 2023-24

CFO News

GST annual return: Now there is no need to file GSTR-9 annual return for FY 2023-24 as the Central Board of Indirect Taxes and Customs (CBIC) has exempted small businesses from filing annual return (GSTR-9) for FY 2023-24. Read here to know who is required to file GSTR-9 and who is not.

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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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5% uniform IGST on aircraft engine parts to expand the tax base and augment revenue, says Legal Experts

CFO News

With effect from July 15, 2024, Union Civil Aviation Ministry has announced the implementation of a uniform IGST rate of 5% on all aircraft and aircraft engine parts.

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Government should spend 2.5 pc of GDP on health sector: FICCI panel chief

CFO News

Mahajan said, "We would want the government fulfils its promise of spending 2.5 per cent of GDP on the healthcare sector as was promised many years ago. One has to realize that the healthcare sector also apart from taking care of the health of the public also provides many jobs.

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PwC for extension of beneficial tax regime for new manufacturing cos

CFO News

PwC has recommended extending tax benefits for new manufacturing companies and introducing a tax amnesty scheme for Customs cases to Finance Minister Sitharaman before the upcoming budget presentation on July 23.

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PV Subramanyam calls Sebi’s move to start new asset class fantastic

CFO News

PV Subramanyam supports SEBI’s new asset class for Rs 10-15 lakhs investors, bridging mutual funds and Rs 50 lakhs PMS. It allows long-short strategies, SIPs, derivatives, and index funds, attracting HNI market, young professionals, and small PMS managers.

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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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Sebi mulls over raising F&O contract value from Rs 5 lakh to Rs 25 lakh: Report

CFO News

A committee formed by the markets regulator to examine the futures and options segment has made preliminary recommendations aimed at reducing speculative trading. These recommendations, including the proposed agenda, are part of an effort to enhance stability and fairness in the derivatives market.

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RBI may revisit 'withdrawal of accommodation' stance by September: SBI Research

CFO News

RBI may reassess policy in September due to a 0.1% drop in US inflation in May, potentially leading to a Fed rate cut. SBI Research notes June CPI driven by vegetables and monsoon. June 2024 saw higher core, rural, urban inflation and variability affecting Central India, Odisha, Bihar, and Karnataka. Services inflation, IIP, manufacturing, and electricity grew.

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NCLT admits Axis Finance’s plea against Primat Infrapower & Multiventures

CFO News

The Mumbai bankruptcy court has admitted Essel Group affiliate Primat Infrapower & Multiventures under the corporate insolvency resolution process (CIRP) following an application filed by Axis Finance Ltd. Axis Finance, a subsidiary of Axis Bank, approached the tribunal after the company defaulted on its dues. The Mumbai bench of the National Company Law Tribunal appointed Devarajan Raman as interim resolution professional for the company.

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State of the Economy: How macroeconomic indicators performed in June 2024?

CFO News

Retail Inflation and Wholesale Price Inflation increased to 5.08 per cent and 3.36 percent respectively snapping months long record; Unemployment rose to 8-month high at 9.2 per cent. Industrial production grew 5.9 per cent, UPI transactions saw a dip, while FPIs witnessed net inflows in June 2024.

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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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Adani, Wilmar look to offload $670million JV stake

CFO News

The owners are exploring selling equal stakes that may total 13 per cent in Adani Wilmar, said the people, asking not to be identified as the information is confidential.

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Selection of PSUs for listing in the works to unlock value

CFO News

National Seeds Corporation and Central Warehousing Corporation could be among the first set of candidates for listing, as per preliminary discussions, according to the people. Meanwhile, the proposed listing of ECGC, which has an 85% share in India's export credit insurance market, is being expedited, they said. There are 170 unlisted non-financial central public sector enterprises (CPSEs), according to the Department of Investment and Public Asset Management (DIPAM) data.

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Foreign flows in G-secs top $1 billion in two weeks

CFO News

Flow post inclusion in JP Morgan global index, analysts expect investment of around $2 b per month; India likely to reach maximum weight of 10% in Index over the next 10 months

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EU's carbon tax could cost India 0.05 per cent of GDP: Report

CFO News

The EU's CBAM taxes 25% on India's energy-intensive exports, impacting 0.05% of GDP, per CSE. Targeted goods: iron, steel, cement, fertilizers, aluminum. Exports to the EU made up 9.91% (2022-23). 26% aluminum, 28% iron, steel were EU-bound. CBAM-covered goods formed one-fourth of global exports. No hydrogen, electricity exported. Debates occur at UN climate conferences.

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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.