Mon.Mar 04, 2024

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FASB advances gross-up fix for CECL

CFO Dive

In 2016 FASB sought to curb delays in recognizing deteriorated assets through its current expected credit losses standard that it is now revisiting.

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When to Use a ‘Decision Tree’ for Business Planning

CFO Selections

Originally published: 2/15/2021 Updated: 3/4/2024 For those not familiar with the term, a decision tree is a flow chart that works through all possible response options in a scenario to analyze resulting outcomes. Basically, it is a visual version of an “if this then that” statement across all possible alternatives. The “branches” off each decision alternative that result use data analysis to forecast the most likely outcome of each decision.

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Trending Sources

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93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC

CFO Dive

The spotlight on confusion from a jumble of ESG frameworks comes just days before a vote on an SEC rule aimed at ensuring uniformity in climate disclosure.

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Making Complicated Ideas Simple

Barry Ritholtz

The one and only Howard Marks… The post Making Complicated Ideas Simple appeared first on The Big Picture.

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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The high cost of outdated AR

CFO Dive

Today’s B2B customers demand a seamless order-to-cash experience, and brands must embrace automation to adapt.

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CFO 2.0: Transformative Leadership in the Era of Business Complexity

CFO News

Anjali Forbes, Senior Partner at TRANSEARCH India – Banking & Financial Services Practice, elucidates the transformative journey of modern CFOs in "CFO 2.0: Transformative Leadership in the Era of Business Complexity.

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Two key tactics for GenAI

Future CFO

Mary Mesaglio , VP Analyst at Gartner , discusses critical skills for business leaders navigating new trends and cutting-edge technologies, including generative artificial intelligence or GenAI. Mesaglio introduces the power of push and pull tactics and highlights the balance between the how and why of innovation. The post Two key tactics for GenAI appeared first on FutureCFO.

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India ranks 113 out of 190 countries in the World Bank’s legal gender gap index

CFO News

India ranks 113 in the World Bank's Women, Business and Law index, with women having 60% of the legal rights compared to men. Closing the gender gap could raise global GDP by over 20%. India's female labour force participation rate is 37%.

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How sustainability concerns matter in transactions

Future CFO

Sustainability concerns are having a significant impact on investment and divestment processes, or in "the transactional workflow", the Association of Chartered Certified Accountants (ACCA) finds. With this at hand, the ACCA says accountancy and finance professionals are at the heart of these transactional processes, bringing expertise and experience to quantifying risks, assessing outcomes and identifying deal-breakers.

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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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Ensure GST classification clarity, FM Sitharaman tells officials

CFO News

FM Nirmala Sitharaman on Monday told officials to ensure clarity on classification issues for levy of GST and asked them to look into the issue at the earliest. The statement at the National Conference of Enforcement Chiefs of the state and the Central GST formations comes amid several instances where classification of a product has created problems for taxpayers.

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The 10 best revenue forecasting software options in 2024

Cube Software

What to look for in revenue forecasting software Revenue forecasting software is a tool designed to help businesses predict future sales and income over a specific period. It leverages historical data, sales trends, and market analysis to provide an estimate of the revenue a company can expect to generate.

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Global tax deal: Large Indian companies check readiness, assess impact

CFO News

The Pillar Two model rules under Global Anti-Base Erosion Regulation have been crafted to ensure that large multinationals pay a minimum level of tax. They apply to companies that are members of a multinational group and have had annual sales of ₹750 million or more in the ultimate parent entity's consolidated financial statements for at least two of the four fiscal years before the tested year.

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979: The Changing Stripes of Finance Leadership | Chermaine Hu, CFO, Episode Six

CFO Thought Leader

At the very beginning of our talk with CFO Chermaine Hu, she revealed an irony about the CFO title that we rarely get to expose. To wit: The very title toward which any executive has invested so many illustrious career years conveys ownership of what might seem to be a less than illustrious role—or at least one requiring little future endeavor. “I have always struggled with the CFO title,” explains Hu, who notes that the moniker captures only a fraction of what most CFOs actually do.

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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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Elon Musk loses world’s richest person title to Jeff Bezos

CFO News

Elon Musk lost his position as the world's richest person to Jeff Bezos. The wealth gap between them has been shrinking as Amazon shares rise and Tesla shares fall. Bezos is now the largest shareholder of Amazon with a net worth of $200.3 billion.

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Cash Flow Management Tips for Your Business this 2024

The Finance Weekly

,, Cash flow numbers are really important in finance. Whether you run a business or just want to handle your money better, knowing about cash flow is crucial. It shows how healthy and sustainable your finances are. According to Investopedia, a big reason small businesses don’t make it is cash flow issues. Surprisingly, 20% of them don't survive even the first year.

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After changes at the helm, NARCL goes on a bad-loan lapping spree

CFO News

Led by Diwakar Gupta, NARCL has emerged as the most active player in the bad loan market, acquiring over ₹30,000 crore of stressed loans in four months. It operates under the 15:85 structure, offering 15% cash and 85% security receipts.

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BlackLine marks 1,000th modern accounting playbook customer

Future CFO

Four years following its introduction, BlackLine, Inc. 's Modern Accounting Playbook (MAP) marked its 1,000th customer. The bundled software and services offerings are designed to help companies get up and running quickly and realise immediate value on BlackLine’s market-leading financial close and invoice-to-cash solutions. The playbook's processes and practices enable organisations to streamline, control, and modernise their accounting operations and be up and running in as little as five day

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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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Moody's raises India's 2024 GDP forecast to 6.8% from 6.1%

CFO News

Moody's on Monday raised India's GDP growth estimate for 2024 to 6.8 percent from 6.1 percent. The boost in economic growth during the October-December quarter, which reached 8.4 percent, was attributed to a significant decrease in key subsidies.

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Ex-Trump CFO Weisselberg pleads guilty to perjury

CFO Dive

The ex-CFO will be sentenced to five months in jail after pleading guilty to two counts of perjury, according to reports, his second felony conviction in two years.

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Tata Motors to split into 2 listed companies

CFO News

While the commercial vehicle business and its related investments will be housed in one entity, the passenger vehicle business (PV), electric vehicles, JLR and its related investments will form another entity "as there are limited synergies" between the two, the company said in a stock exchange filing on Monday.

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Sony deal in past; Zee focus now on future, rebuilding business: Punit Goenka, MD & Chief Executive, Zee

CFO News

Any asset failing to generate profit will be divested from the media company’s portfolio, Goenka said. He also spoke of the challenges facing Zee after the merger failure, impact of the Reliance-Disney merger on the industry, Sebi’s allegations of fund diversion, and his ambitious turnaround plan.

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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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MP industry conclave attracts investment proposals worth Rs 1 lakh crore

CFO News

Among the major investors, Adani has promised Rs 75,000 crore of investment, Pepsi has proposed Rs 1,250 crore investment in Vikram Udyogpuri of Ujjain, LTI Mindtree has inked an memorandum of understanding to invest Rs 500 crore and Singapore's Samcom expressed interest in wind and solar energy projects.

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Audit panel meetings of listed firms must not be reduced to a formality: NFRA chairman Ajay Bhushan Pandey

CFO News

The National Financial Reporting Authority (NFRA) plans to conduct annual inspections of major audit firms to ensure compliance with standards and protect investors. The regulator will engage with audit committees and boards, expand inspections, and address issues related to financial statements and auditor independence.

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Samara, consortium of investors set up $150-million platform for packaged foods

CFO News

The platform will be similar to Sapphire Foods, which Samara Capital had set up for food services, which operates Yum! Brands' quick-service restaurant (QSR) chains KFC and Pizza Hut in India. The Samara Capital-backed platform, to be called Agro Tech Foods, has begun with Sundrop edible oil, peanut butter and ACT II popcorn as its first brands.

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Real-money gaming companies look for an ace to beat tax blues

CFO News

Companies are trying out restrictions on the withdrawal of deposits for shorter games like rummy and poker to avoid being hit by repetitive taxation, as goods and services tax is levied every time a new deposit is made.

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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.