Tue.Mar 28, 2023

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IDBI Bank appoints Smita Harish Kuber as CFO

CFO News

Smita will take over as CFO from P. Sitaram, who will retire on attaining superannuation on March 31, 2023.

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PCAOB proposes updated standards, faster audit filing

CFO Dive

The audit watchdog aims to update and unify interim standards created 20 years ago, aligning its rules with new independence requirements and advances in technology.

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All You Need to Know to Build Generational Wealth

Barry Ritholtz

Just back from California and Arizona, and still digging out. In the meanwhile, check out Nick today : The post All You Need to Know to Build Generational Wealth appeared first on The Big Picture.

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Experts warn against ransomware complacency

CFO Dive

Despite reports of fewer ransomware-related cyber insurance claims and decelerating premiums in 2022, experts say the threat is still serious and evolving.

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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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10 Tuesday AM Reads

Barry Ritholtz

My Two-for-Tuesday morning train WFH reads: • The Fed’s anti-inflation work is almost done, with an assist from the banking crisis. the economic turmoil created by the collapse of three banks this month and the impairment of a fourth gave it a bit of breathing room in its increasingly unpopular campaign to subdue inflation with a series of sharp interest rate hikes. ( Los Angeles Times ) • Schwab’s $7 Trillion Empire Built on Low Rates Is Showing Cracks : Company faces pressure from bond losses

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More Trending

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Berkshire Hathaway, Transocean & Utilities (XLU) from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Finance leaders tap tech for efficiency boost: study

CFO Dive

Automating routine finance processes can help CFOs add more efficiency while freeing up focus for new projects.

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Everyone Is Overweight Cash and Underweight Stocks

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Lending Shock – Shocks to bank lending standards do not fade away quickly. They persist and cause recessions. ►Are Banks Screwed? – “Since peaking almost exactly one year ago, deposits at all domestic.

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Embattled EV maker Nikola promotes insider to CFO

CFO Dive

The EV maker’s CFO is stepping down following managerial turmoil in recent years.

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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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#FA Success Ep 326: Finding Marketing Success By Building Spreadsheets To Track That Advisor Data, With Erica Pauly

Nerd's Eye View

Welcome back to the 326th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Erica Pauly. Erica is the Founder and Owner of Track That Advisor, a consulting and coaching firm based in Gilbert, Arizona, that helps advisory firms track, and then improve upon, their marketing results. What's unique about Erica, though, is how she built a series of spreadsheet tools to measure the details of each step of her advisory firm’s marketing funnel, from lead generation

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CIOs grapple with the fallout from rush to cloud: uncontrolled costs

CFO Dive

Executives are coming to grips with the result of decentralized decisions, and leaning on FinOps to curb usage and spend, according to KPMG’s Will DeMille.

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Vedanta acting CFO Ajay Goel resigns

CFO News

Goel decides to resign from Vedanta to pursue other opportunities outside the organisation.

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Bank failures could cause SMB credit crunch

CFO Dive

“The current banking crisis could directly lead to a small business crisis if they are not able to quickly access the capital they need to sustain and expand their operations,” Biz2Credit’s CEO said.

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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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Hiring intent for manufacturing, services sector up 10 pc for Q1 of FY24: Report

CFO News

According to the TeamLease Services' 'Employment Outlook Report' for the Services and Manufacturing sectors for Q1, FY24, despite the ongoing global turmoil, hiring intent in India has steadily increased over the past year.

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Asia Pacific private equity deal value down 44% in 2022

Future CFO

Asia Pacific private equity deal value plunged 44% year-on-year to US$198 billion in 2022, ending two years of record dealmaking, said Bain & Company recently when releasing its Asia Pacific Private Equity Report 2023. Slower economic growth , declining consumer confidence, falling manufacturing output, high inflation, and mounting global and regional uncertainties resulted in a perfect storm which dampened investor sentiment, the firm noted.

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Billionaire mining tycoon Anil Agarwal fights to clear Vedanta’s debt

CFO News

Agarwal is facing one of his toughest acts yet. The tycoon’s Vedanta Resources Ltd. has close to $2 billion of bonds to settle in 2024 — half of which is due in January. Short of that, his London-headquartered company risks getting cut deeper into junk and losing crucial access to funding. That’s bad news for one of India’s richest men, who has long dreamed of competing against Glencore Plc and BHP Billiton as the world’s dominant natural resources supplier.

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206: Zebediah Marewangepo

CFO Talks

1X ‘Grace under fire ’ Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. Go to www.cfoclub.co.za and join our community of accounting and finance executives.

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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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Private sector firms could turn big spenders, soon

CFO News

​​Reliance Industries will dominate the mix with a large investment programme across oil-tochemical, new energy and digital services businesses, the report said. ​​Bharti Airtel, the second largest private investor, will spend huge sums on 5G rollout. The ratings agency said corporates rated by it will see a 10%-12% rise in capex in FY23 and FY24, even as it cautioned there were risks to this revival.

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3 Keys to Accelerating Growth with High-Quality Revenue

CFO Alliance

The post 3 Keys to Accelerating Growth with High-Quality Revenue appeared first on CFO Alliance.

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Adani CFO slams 'misleading' reports on debt repayment

CFO News

Taking to Twitter, Jugeshinder Robbie Singh said the deliberate subterfuge will be clear to all once exchanges update the data post end of quarter. Earlier, a report by The Ken claimed that the present data available with the exchanges is not matching with the conglomerate's statement of repaying all the $2.15 billion of share-backed debt.

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ITC plans Rs 3,000 crore yearly growth push, says Chairman and MD Sanjiv Puri

CFO News

Puri expects the fast-moving consumer goods (FMCG) industry to bounce back by volume sales growth from the next fiscal year, led by rural demand, with early signs of recovery already visible. Puri said the revival will be accelerated, with inflation cooling down and product prices correcting.

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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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States asked to finish fresh audits of public sector enterprises

CFO News

"Many SPSEs were not filling their annual accounts and the audit process was not very prompt. We have asked all the states to make the whole process electronic and file all the updates by June 30," a senior government official told ET, adding that over 30 SPSEs had not updated their annual accounts post Covid.

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Centre’s debt burden hits Rs 146 lakh crore in Q3

CFO News

While internal debt rose 2.1% to Rs 125.24 crore as of December 2022 from the previous quarter, external debt totalled Rs 9.17 lakh crore, up 6.1%. The centre’s other liabilities grew 5% during this period to Rs 11.96 lakh crore, showed the data.

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Indian exports crossed record $750 bn-mark: Piyush Goyal

CFO News

Indian goods and services exports have crossed the USD 750 bn-mark for the first time, news agency ANI reported Union Commerce & Industry Minister Piyush Goyal as saying at an event on Tuesday. “There’s obviously much faster growth in services, but growth in both (merchandise and services exports) is good. Probably we will end the year with about $760 bln (in exports), if not more,” Goyal told reporters.

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US consumer confidence ticks up in March

CFO News

The Conference Board reported Tuesday that its consumer confidence index rose to 104.2 in March from 103.4 in February. Optimism about current conditions fell, though consumers grew slightly more positive about the short-term future. That's a reversal from recent surveys.

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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.