Mon.Apr 03, 2023

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Company debt downgrades rise 6.14% in H2 of FY23, near 10-year average

CFO News

The CRISIL Ratings credit ratio (rating upgrades to downgrades) moderated to 2.19 times in the second half of fiscal 2023 from 5.52 times in the first half of fiscal 2023 on rising inflation and interest rate hikes.

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Marketers, pricers are out of sync on inflation strategy

CFO Dive

CFOs have major decision power when it comes to developing pricing — the fastest lever companies can pull to adjust to inflation, Revionics’ Matt Pavich says.

Marketing 283
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$33 Trillion in Sovereign Wealth Funds

Barry Ritholtz

The consulting firm Global SWF tracks all the important info about Sovereign Wealth Funds (SWFs) and Public Pension Funds (PPFs). Its an amazing collection of charts and data. The asset value peak was $33.6 trillion (USD) in 2021; that’s down only slightly to $31.4 trillion as of the end of 2022. Given the rough year markets had in 2022, including all of the held asset classes, it is an impressive, albeit curious showing.

Marketing 124
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No, AI isn’t coming for your CFO seat

CFO Dive

CFOs are likely here to stay for the foreseeable future, despite predictions that automation will transform corporate finance functions, experts say.

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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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Audit watchdog NFRA asks Mahindra Holidays to review its accounting policies and practices

CFO News

NFRA asks the company to review accounting, disclosure policies and report by June 30.

More Trending

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GHCL completes demerger of spinning business into GHCL Textiles

CFO News

Chemicals major GHCL has completed the demerger of its spinning business into GHCL Textiles. The demerger became effective from April 1 and the new entity GHCL Textiles will be listed on NSE and BSE after receiving regulatory approvals.

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WANdisco appoints interim CFO as finance chief, CEO step down

CFO Dive

The British cloud computing company said the resignations of the firm’s CEO and CFO are not connected to the ongoing investigation into the company’s finances.

CFO 260
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The Latest In Financial #AdvisorTech (April 2023)

Nerd's Eye View

Welcome to the April 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that RIA custodial platform Altruist has built its own full self-clearing capabilities, while nearly simultaneously buying competing (not-self-clearing) custodian Shareholder Services Group (SSG) – wh

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New trade policy to facilitate India's transition to developed economy: FICCI

CFO News

New foreign trade policy reiterates the government's focus on self-reliance or Atmanirbhar Bharat and it will play a critical role in facilitating India's transition to an advanced developed economy during its Amrit Kaal (the period when it attains 100 years of Independence), said industry body FICCI's president Subhrakant Panda.

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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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Unpacking the value of digital transformation in finance

Future CFO

While companies have been transforming their finance models over the last decade, Covid accelerated this process. Employees shifted to remote work and business models moved online, and changes that would previously have taken years to accomplish were compressed into months or mere weeks. Before the pandemic, some companies were already highly digitally dexterous.

Finance 96
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No service tax on corporate guarantees by parent to arms: Supreme Court

CFO News

"No effort was made on behalf of the revenue to assail the.finding or to demonstrate that issuance of corporate guarantees to group companies without consideration would be a taxable service," the top court observed while upholding a ruling by the principal commissioner of goods and services tax (GST). "In these circumstances, in view of such conclusive findings in both forums, we see no reason to admit this case," the court said.

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Expanding Horizontally: The Key to Long-Term Business Growth | Alka Tandan, CFO, GainSight

CFO Thought Leader

CFO GUEST: Alka Tandan of Gainsight Tandan: I think, you know, one of the, the biggest one, um, you know, was essentially at Gainsight when we had to sort of make a decision where, you know, how were we gonna expand? Were we going to, you know, we’re mostly in the enterprise space and there were a lot of ways to, to expand. We could have gotten, this was, you know, very early when I was at Gaines site.

CFO 52
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German watchdog sanctions auditor EY over Wirecard scandal

CFO News

It also handed EY, one of the world's Big Four accountancy giants, a 500,000-euro ($540,000) fine.

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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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Autonomous finance: CFOs’ lack of digital skills a key obstacle

Future CFO

Autonomous finance requires CFOs who are willing to upskill themselves to succeed. According to Gartner , a lack of digital skills in senior finance leaders will drive half of unwanted staff turnover by 2026. CFOs will need to accelerate their digital knowledge and better engage with digital-savvy staff to mitigate turnover and disruption, the advisory firm pointed out.

Finance 52
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Byju's appoints Vedanta's Ajay Goel as CFO

CFO News

After spending over two years at Vedanta, Goel resigned from Vedanta last month and the company said in a stock exchange filing that Goel’s resignation would be effective April 9.

CFO 52
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Unleash Your Startup's Potential:Outsourced Accounting as Your Secret Weapon for Success

Boston Startup CFO

Every entrepreneur dreams of their startup skyrocketing to success. But there's one aspect that often dampens those dreams: accounting. Yes, the dreaded world of debits, credits, and balance sheets. Fear not, dear startup founder, for we have a solution to ease your accounting woes—outsourcing. Here's how outsourcing your accounting can liberate you from number-crunching nightmares and help your startup flourish.

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Net direct tax collections For FY 23 at Rs 16.61 lakh crore, exceeds RE by Rs 11,000 crore

CFO News

The centre mopped up Rs 16.61 lakh crore as direct tax, net of refunds, marking a growth of 17.63%, provisional data released on Monday said. The collections are Rs 2.41 lakh crore or 16.97 % higher than budget estimates Rs 11,000 crore or 0.69% higher than the revised estimate.

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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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Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. It can seem like navigating through a complex maze, with no mythical beast to conquer. However, don't undervalue the significance of comprehending finance for your startup's survival. As a trailblazer exploring unknown territories, you must equip yourself with the appropriate knowledge and tools to make educated decisions that guide your enterprise towards success.

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Sales of FMCG products up 8%, electronics grow 25% in FY23

CFO News

A year earlier, sales had grown at a higher 18% for fast-moving consumer goods and 30% for electronics and durables, mainly due to a lower base of the previous year on account of the Covid-19 restrictions and lockdown, according to industry executives and Bizom, which analyses data based on orders at kirana stores.

Sales 52
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The Most Popular Financing Options for Home Buyers

Financial Analyst Insider

Buying a home is a significant investment, and for most people, it’s not feasible without some form of financing. Luckily, there are various financing options The post The Most Popular Financing Options for Home Buyers appeared first on Financial Analyst Insider.

Finance 52
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White-Collar hiring falls in March amid global woes and shake-up in BFSI sector

CFO News

The drop broke the sustained positive growth trajectory that was seen in the domestic job market since October, showed the data. The month closed with an active jobs count of 270,000 compared with 300,000 in February. March's active jobs count is also 13% lower than a year ago.

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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.

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Challenges of Financial Services That Were a Part of SVB's Failure - Mitigating Risk Effectively

Lime Light

Challenges of Financial Services That Led to SVB's Failures - and What's Coming Next If you’ve turned on financial news or flipped to the finance section of the newspaper, you’ve no doubt heard of Silicon Valley Bank (SVB) - and its collapse. While there were many causes of the bank’s failure (read more on the subject and FP&A best practices that would have helped the bank avoid calamity), common challenges of financial services no doubt played a part.

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Corporate India recognises need for flexibility, skilled-based workforce: Study

CFO News

The survey observed that 60% of organisations understand the skills and talent development needs for today; nevertheless only 50% of them have clarity on the nature and quantity of skills available for tomorrow.

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Financial forecasting models: ghosts of the past, present, and future

Cube Software

Financial forecasting is one of the core functions of FP&A.

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CCI approves demerger of FMCG business of Haldiram Snacks and Haldiram Foods

CFO News

Haldiram Snacks manufactures and distributes packaged food products such as snacks, namkeen, sweets, ready-to-eat, pre-mixed and frozen foods, and is operated by Manohar Agarwal and. Madhu Sudan Agarwal. Haldiram Foods International, on the other hand, is headquartered in Nagpur, and headed by Kamalkumar Shivkisan Agrawal.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.