Thu.Jun 29, 2023

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Volvo ends CFO hunt with Sandvik alum

CFO Dive

Volvo picked industry veteran Mats Backman for its CFO as the automaker grapples with new technology affecting its businesses along with lingering supply chain and inflationary challenges.

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What Do You Believe? Why?

Barry Ritholtz

One of the most important aspects of becoming a good investor is creating a model of the world around you. To do this, you must have good decision-making skills, and the ability to make sense of incomplete and sometimes contradictory information. This is not easy. Indeed, it is often counterintuitive. What seems like an obvious market-moving data point or piece of news is very often already in the price.

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Trending Sources

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CFO, others charged in $53M pandemic relief fraud scheme

CFO Dive

The case is the largest one investigated by the Pandemic Response Accountability Committee Fraud Task Force, created in 2020 to root out COVID-19 pandemic relief fraud, DOJ said.

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The Rise of the Credit Economy

CFO News

How many calls do you receive on a daily basis for availing credit cards? Or how many credit cards do you have? Well, looking at the data points, I am confident that we are moving towards a credit economy. Metro stations and shopping malls to airports and supermarkets are buzzing with sales booths offering credit cards. According to the recent RBI data, currently, there are 8.6 crore credit cards in the country.

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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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CFOs trim growth estimates amid credit squeeze: Fed

CFO Dive

The extent of credit tightening triggered by turmoil in the banking system in March is unclear, according to the Federal Reserve.

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More Trending

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FASB tees up loan loss fix

CFO Dive

The FASB is poised to tweak existing accounting standards which originally sought to address calls for timelier loss reporting after the 2008 financial crisis.

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Ex-Softbank India Head Manoj Kohli joins Deloitte as a Senior Advisor

CFO News

Deloitte reinforces its leadership team with the appointment of Manoj Kohli as Senior Advisor to the organization to strengthen its presence in South Asia.

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Kitces & Carl Ep 115: Setting The Right Minimum Fee Per Client And The Revenue Model Generator

Nerd's Eye View

For most financial advisory firm owners, ensuring that their business or practice is remunerative and that it can remain viable is often a key priority. And while there are many factors that help owners determine whether their firm is making enough money to profitably sustain itself, one common variable that can help them adjust their net revenue is the fee they charge to clients for financial planning services.

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Shalimar Paints appoints Davinder Dogra as CFO

CFO News

Cfo Movement: Dogra will take over Mohit Donter as CFO, who tendered his resignation from the role of CFO citing personal reasons.

CFO 98
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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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Nonprofit Finance Practices

VCFO

Restoring and Ensuring Effective Nonprofit Finance Practices Decades ago, healthcare trailblazer Sister Irene Kraus moved her mantra of “No Margin. No Mission.” into the limelight. Underscoring this was her ahead-of-the-curve understanding that mission-centered organizations must have strong finance and compliance-related practices and expertise in place to be able to provide services in line with their mission.

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Managed workspace startup Table Space appoints ex-Sula executive Bittu Varghese as new CFO

CFO News

Varghese is expected to shore up governance and drive expansion at Table Space.

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Upskilling for AI: Have you prepared employees for changes?

Future CFO

When it comes to upskilling for AI, have you helped employees adapt to changes at work? Younger generations are also much more likely to expect AI to impact their careers across all of the surveyed impacts, both positive and negative, whereas a little over one-third (34%) of Baby Boomers think AI will not impact their careers, only 14% of Gen Z and 17% of Millennials agree, according to PwC’s 2023 Global Workforce Hopes & Fears Survey.

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Indian consumers are spending 52% of their time on open internet: Report

CFO News

The open internet — comprising news and general websites, over-the-top (OTT) and connected TV (CTV), music streaming and online gaming — reaches almost 600 million consumers, which equates to nearly every internet user in India.

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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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Fidessa Takes Swift Action to Counter Frivolous Lawsuit by S3 Partners

Reval

June 29, 2023: Today, on June 29, 2023, Fidessa Corporation (“Fidessa”), an affiliate. The post Fidessa Takes Swift Action to Counter Frivolous Lawsuit by S3 Partners appeared first on ION.

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Jobs Scam | TCS fires six employees, bans as many staffing firms: N Chandrasekaran

CFO News

Addressing the 28th Annual General Meeting of the country’s largest IT firm, Chandrasekaran said TCS will review and tighten its supplier management process to ensure that incidents such as the recent jobs scandal at the software major are not repeated.

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What is the revenue planning process? Approaches and difficulties

Spreadym

Revenue planning is the process of estimating and forecasting an organization's future revenue streams. It involves setting revenue targets, developing strategies to achieve those targets, and creating a plan to monitor and adjust the revenue-generating activities over a specific period, such as a fiscal year. Basic steps of the revenue planning process The revenue planning process typically includes the following steps.

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Taxpayers can explain discrepancy in their GST returns on GST portal before getting notice

CFO News

The Centre Board of Indirect Taxes and Customs (CBIC) has developed a functionality in its portal which will allow the taxpayers to find their exact tax liability on the real basis, giving them opportunity to explain any discrepancy in tax returns before issuing any tax demand.

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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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Under Turo’s Hood a Flywheel Hums | Chuck Fisher, CFO, Turo

CFO Thought Leader

CFO GUEST: Chuck Fisher of Turo 911: Moving the Needle | Chuck Fisher, CFO, Turo At Avalara, we’re building cloud-based tax compliance solutions to handle every transaction in the world. Imagine every transaction you make — every tank of gas, cup of coffee, or pair of sneakers, every movie ticket, meal kit, or streamed song, every sensor-to-sensor ping.

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Automobile industry seeks 5% GST for 2-wheelers running on flex fuel, official says

CFO News

The automobile industry in India has requested a 5% Goods and Services Tax (GST) on two-wheelers running on flex fuel, similar to electric-powered vehicles. In addition, industry stakeholders have asked for a price guarantee on fuel for flex fuel vehicles (FFVs), with a 35% lower price than E10 fuel to offset the loss in fuel efficiency. This comes as the government aims to reduce oil imports and provide farmers with an additional source of income.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Gold Is No Longer a Good Hedge Against Bad Times : The precious metal has become just another cyclical asset, no longer a useful harbinger of social and economic collapse. ( Bloomberg ) • AI’s Winners, Losers and Wannabes : An NVIDIA Valuation, with the AI Boost! ( Musings on Markets ) • For Trend-Setting Family Offices—and Those Following Their Lead—Timing Is Key : Investors are sensing a regime shift in the market but capturing it will take careful planning.

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Sebi's new norms promote transparency, accountability and investor confidence

CFO News

SEBI has approved measures to strengthen the securities market and corporate governance of listed entities. These changes include allowing self-sponsored REITs and InvITs with board control or investment manager control. Unitholders with a 10% or higher holding in REITs or InvITs will have the right to nominate representatives on the boards. SEBI has also reduced the timeline for listing shares in public issues from T+6 days to T+3 days to expedite the listing process.

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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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FCF Automotive Supplier Market Study – 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF AUTOMOTIVE SUPPLIER MARKET STUDY – 05/2023”. Based on available data from European automotive suppliers, the FCF AUTOMOTIVE SUPPLIER MARKET STUDY is a detailed. Read more The post FCF Automotive Supplier Market Study – 2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Piyush Goyal asks banks to ensure enhanced, affordable credit to MSMEs

CFO News

At a meeting convened by the ministry on June 28, to discuss ways of enhancing the availability of export credit to MSME exporters, Goyal asked the Indian banks to ensure enhanced credit to MSMEs to achieve the target of $1 trillion merchandise exports.

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Life Sciences Venture Capital Monitor – Europe 05/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Life Sciences Venture Capital Monitor – Europe 05/2023”. The Monitor is a monthly published overview of venture capital trends in the European Life Sciences. Read more The post Life Sciences Venture Capital Monitor – Europe 05/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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India seeing a consumption boom amid surging workforce and infra thrust: P&G India CEO

CFO News

The company said a confluence of a few factors are working in India's favour - digital infrastructure that exists and the amount of insights across different dimensions is very different from any other markets along with the physical infrastructure, especially the thrust into rural areas, creating jobs among others.

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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.