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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Trending Sources

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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 119
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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.

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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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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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More Trending

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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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SEC charges Navy shipbuilder executives with accounting fraud

CFO Dive

Austal USA executives allegedly manipulated accounting in order to improve earnings in building the Littoral Combat Ship, the SEC said.

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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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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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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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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.

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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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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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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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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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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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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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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2023 Treasury Fraud & Controls Survey

Strategic Treasurer

Survey Results Treasury Fraud & Controls Thank you to all of those who participated in our 2023 Treasury Fraud & Controls survey. This research discovered how your fraud experiences and security practices has changed. Has your security framework been strengthened? Is your outlook as positive as the industry’s outlook on the threat of fraud? What security threats are on the rise?

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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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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.