Thu.Jan 26, 2023

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How to Avoid Financial Disasters

Barry Ritholtz

I am genuinely excited about a new presentation I have been working on since the holidays: How to Avoid Financial Disasters. My career in finance has coincided with an amazing string of disasters, ranging from the analyst scandal, IPO spinning, and accounting restatements, to say nothing of Enron, Bernie Madoff, and FTX. The TL:DR version: there are three big problems that HNW and UHNW investors that lead to a devastating loss of capital: 1.

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How to balance growth and cash flow amid uncertain demand

CFO Dive

Meritech Capital partner joins Airbase CFO to discuss metrics as a framework for when to say ‘no’

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Preparing to Announce Layoffs in a Virtual Meeting

CFO News Room

If your team is preparing to announce layoffs virtually, calculated preparation for your executive team is critical. This isn’t just another Zoom meeting; this is an announcement that affects people’s livelihoods and the future of your organization. With the proper preparation, though, you can effectively and compassionately address layoffs online. You’ll need to do the following: first, block out rehearsal time so you’re prepared.

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Campbell snatches Integra LifeSciences CFO

CFO Dive

In announcing the move, Campbell CEO Mark Clouse touted Anderson's "strategic experience and financial discipline.

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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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How to Retire at 50 (in 7 Easy Steps)

CFO News Room

Early retirement has become a popular financial goal. And well it should be. Even if you never retire early, just knowing that you can is liberating! And it may just be the strategy that frees you up to take on even bigger challenges in life. That can happen when you reach the point where you no longer have to work for a living. Can You Really Retire at 50?

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Kitces & Carl Ep 104: How Do You NOT Grow (And Finding The Constraints To Help Say No)

CFO News Room

For many financial advisory firm owners, growth is often the primary goal in the early years of launching a business. However, at a certain point, initial business growth goals will have been met, leaving the business owner at a crossroads of deciding where to take the business next – should they maintain the firm’s current size or continue the growth trajectory and adapt to the firm’s growing needs to bring on more clients?

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Auditors dialed back mandated disclosures: study

CFO Dive

The study found that auditors pulled back on their disclosures of potentially negative financial matters as companies adjusted to new reporting requirements.

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Musings on Markets: Managing across the Corporate Life Cycle: CEOs and Stock Prices!

CFO News Room

One of the big news stories of last week was Jack Dorsey stepping down as CEO of Twitter, and the market’s response to that news was to push up Twitter’s stock price by almost 10%. That reaction suggested, at least for the moment, that investors believed that Twitter would be better off without Dorsey running it, a surprise to those in the founder-worship camp.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • ChatGPT is everything you wanted Bitcoin to be : ChatGPT was introduced a few months ago and has already spread like wildfire in a way that Bitcoin never has, despite the latter’s explosive rise into the public consciousness as a way to gamble and speculate. OpenAI’s ChatGPT has instantly found use cases, most notably at the high school and college level as children begin to experiment with it as a way to help them complete (or cheat on) their assignments. ( Reforme

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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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Historic job growth in 2022 reflects strong but uneven economic recovery: State and local lawmakers should prioritize rebuilding the public sector in 2023

CFO News Room

On Tuesday, the Bureau of Labor Statistics released state employment and unemployment data for December 2022, giving us a full picture of employment changes in the past year. Nationwide, the U.S. economy added 4.5 million jobs in 2022, the second-strongest year for job growth in the past 40 years (after 2021), and a testament to the success of pandemic relief and recovery measures.

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Tesla in 2023: A Return to Reality, The Start of the End or Time to Buy?

Musings on Markets

I am not much of a car person and view cars primarily as a mode of transportation. I drive a 2010 Honda Civic, a perfectly serviceable vehicle that is never going to get oohs and ahas from onlookers, but I feel no urge to value Honda. I don't own a Tesla, and have only driven someone else's Tesla, but as readers of this blog know, I valued Tesla for the first time in 2014, and I keep returning to the scene of the crime.

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Chevron, Tesla, Seagate Technology, United Rentals and more

CFO News Room

Check out the companies making headlines in midday trading. Seagate Technology — Shares of the data storage company surged more than 10% a day after Seagate posted beats on the top and bottom line for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenue of $1.89 billion. Analysts called for earnings of 10 cents per share on $1.83 billion in revenue, according to Refinitiv. related investing news Chevron – Shares of the energy giant popped 4% a day after the compa

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Qualcomm, Chevron, Carlyle Group & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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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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Russia’s War on Ukraine Changed Global Oil Trade. Here Is What It Looks Like Now.

CFO News Room

Listen to article (2 minutes) Russia’s war on Ukraine has redrawn the global oil map, rerouting a fleet of skyscraper-size tankers on longer voyages as they shuttle crude shipments that are essential to the global economy. The Wall Street Journal analyzed data from the ship-tracking firm Spire Global that showed the paths of about 3,000 such vessels to find those leaving Russian ports across periods before and after the Russian invasion on Feb. 24.

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Kitces & Carl Ep 104: How Do You NOT Grow (And Finding The Constraints To Help Say No)

Nerd's Eye View

For many financial advisory firm owners, growth is often the primary goal in the early years of launching a business. However, at a certain point, initial business growth goals will have been met, leaving the business owner at a crossroads of deciding where to take the business next – should they maintain the firm’s current size or continue the growth trajectory and adapt to the firm’s growing needs to bring on more clients?

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DC Plan Sponsors: Seven Priorities for 2023

CFA Institute

Plan sponsors have a vital responsibility to provide and manage retirement benefits on behalf of their employees. Here's what they need to focus on in 2023.

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How Neopak’s financial director grapples with ESG

CFO Talks

ESG is not just a buzzword for Neopak Financial Director Morné Eloff. He recently unpacked the complexities of cost, coal, and carbon tax on the CFO Talks podcast. Neopak is a significant player in the packaging business delivering non-white paper to major retailers including Pick n Pay and Spar. The company produces around 125 000 tons of packaging a year.

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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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FCF Bank Monitor – Q4 2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q3 2022”. FCF regularly engages in research on the banking sector based on available data from the most active and. Read more The post FCF Bank Monitor – Q4 2022 published appeared first on FCF Fox Corporate Finance GmbH.

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Frasers Property announces new CFO for its trusts

Future CFO

Singapore-headquartered Frasers Property Limited announced its appointment of Liu Qingbin as head of finance for the group’s real estate investment trust manager, to be effective Feb 1, 2023. He will be responsible for the financial and capital management of Fraser Property’s three trusts and report to Eric Gan, the company’s previous CFO who has been promoted to become CEO of the group’s three trusts.

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Blue Economy: An ocean of opportunities

CFO News

The modern or developed world believed in the red economy based on fossil fuels, which is part of our life today. But with climate change concerns rising, the Green Economy became a natural choice. But we need to sharpen our focus on the Blue Economy, which was actually the origin of connecting geographies, from war to commerce and medication to agriculture.

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Nonprofit Tax Filing: 7 Steps to Peace of Mind

The Charity CFO

Most people dread filing taxes. The piles of paperwork, long hours, and complicated tax codes can be truly overwhelming. Nonprofit leaders have an especially hard time understanding, preparing and filing their returns. They’re ever busy trying to make a positive difference in their communities, which is why tax filing often comes as an afterthought.

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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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Tata's Air India to seal half of jumbo plane order today

CFO News

After months of closely-guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 MAX narrowbody planes as well as some 20 Boeing 787s and 10 Boeing 777X on a day marking one year since Tata Group took control of the former state-run carrier, the sources told Reuters.

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The Best Strategic Workforce Planning Software - Ranked

Lime Light

What Is the Best Strategic Workforce Planning Software and Tools Strategic workforce planning software can save you time and ensure that your organization optimally allocates its resources to fill its labor needs as it grows. But not all software is created equal - our list is intended to demonstrate these strategic workforce planning solutions’ strengths and weaknesses so you can better determine which one can deliver the highest ROI to your organization.

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Startups say Google employing ‘delaying tactics’, policy tweaks ‘cosmetic in nature’

CFO News

Google is following the 'same playbook' that it employed in Europe and South Korea and is exploiting “loopholes” to show compliance with the orders that were to come into effect on January 26, developers told ET. This was after the SC extended the January 19 deadline by a week.

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Strategic finance: An exhaustive and practical guide for CFOs in 2023

Cube Software

You’re in the hot seat.

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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.