Wed.Jan 11, 2023

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M&A spurred share price gains during Q4: WTW

CFO Dive

Five trends in deal-making will likely unfold in 2023, including a focus on purchases less than $1 billion and on “friend-shoring” to reduce geopolitical risks to supply chains, WTW said.

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It Was In My Other Pocket

Corporate Finance

Have you ever been short on money and gone through your clothes, only to find a $20 bill that you had forgotten about? We are sure that you were relieved. The same thing just happened to cryptocurrency exchange FTX, which filed for bankruptcy back in November. FTX attorneys announced that the company had found $5 billion in cash, liquid cryptocurrency, and other liquid investments!

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Trending Sources

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Alcoa taps controller for CFO

CFO Dive

Alcoa’s controller will move to its CFO seat among an executive restructuring plan designed to help the company focus more deeply on cost and innovation.

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The 8 Highest-Paying Jobs in Major Banks for 2023

CFO News Room

A career in a major bank can be both rewarding and well-paying, with top positions garnering income of hundreds of thousands or even millions of dollars annually. For example, investment bankers are near the top of the list, often working for large investment banks like Goldman Sachs or Morgan Stanley. But what exactly do these high-earning professionals do?

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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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EY consulting arm poaches Cargill CFO

CFO Dive

Ernst & Young is moving forward with a “soft separation” of its audit and consulting arms as they appoint Jamie Miller to the CFO seat of what will be a new public entity.

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More Trending

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FASB decides to require expense disclosures

CFO Dive

For investors, the new income statement disclosure project is the FASB’s most important initiative “by a factor of ten,” one board member said. But it will mean added costs for companies.

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Bed Bath & Beyond, Tesla, Expedia and more

CFO News Room

Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images. Check out the companies making headlines in midday trading. Meme stocks — A group of so-called meme stocks skyrocketed Wednesday as retail investors jumped into speculative trades again. Bed Bath & Beyond rallied 38% to trigger the trend in morning trading Wednesday.

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ERP Software for Customer Relationship Management

Navigator SAP

Enterprise resource planning (ERP) software for medium businesses —or businesses of any size—can play a major role wherever they’re used, and Customer Relationship Management (CRM) is no exception.

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Setting Your B2B Sales Strategy in a Downturn

CFO News Room

Large companies (especially in the tech sector) are conducting layoffs and cutting costs. For sales teams selling to clients in cost-cutting mode, this requires new tactics. B2B sellers must recognize that a slow economy creates different kinds of opportunities: that buyers’ time horizons become shorter, their willingness to take the risk of working with a new vendor goes down, and their focus on core, profitable business units go up (making it harder to sell to experimental or peripheral busine

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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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Clips From Today’s Closing Bell

The Reformed Broker

After December’s trash fire, markets are optimistic, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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Providing Mortgage Advice In A Higher Interest-Rate Environment: Opportunities For Advisors To Add Value

CFO News Room

Leading up to 2022, financial advisors and their clients had grown accustomed to a relatively low mortgage rate environment. In fact, until earlier this year, the average 30-year fixed mortgage rate had stayed below 5% since 2010 (and below 7% since 2001). But as the Federal Reserve has sought to raise interest rates this year to combat inflation, mortgage rates have reached higher levels not seen in more than 20 years, with 30-year fixed mortgages reaching an average of 6.9% in October 2022, tw

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Budget 2023: DBS Bank India CFO says simplify TDS, GST compliances

CFO News

The government should cut TDS slabs to two-three to help all entities which collect TDS and reduce litigation.

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Keep ISIS Off Twitter – WSJ

CFO News Room

I briefed Twitter executives in September 2016 about how Islamist terrorists were using the site and what the company could do about it. Until that point, the relationship between my organization, the Middle East Media Research Institute, or Memri, and the San Francisco-based social-media platform had been contentious. Twitter had repeatedly dismissed our calls to take action to stop jihadist infestation of the platform.

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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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EY announces global CFO appointment

Future CFO

EY recently announced the appointment of Jamie Miller as global CFO, and CFO of its proposed new public entity. . The selection of Miller is another step in the separation process outlined last year, according to EY. . “EY is moving forward in a thoughtful and deliberate manner, making strong progress on the path to partner votes,” EY said in a statement.

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?U.S. Flight Disruptions Mount After FAA Grounding Order Ends ??

CFO News Room

Airlines were trying to recover from a temporary outage to a critical pilot-alert system that left planes unable to depart on Wednesday, snarling thousands of flights for hours and stranding travelers across the country. Normal air-traffic operations were “resuming gradually across the United States,” the Federal Aviation Administration said in its latest update on the issue.

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DoT may seek law ministry views on giving spectrum to entities

CFO News

Officials aware of the details said the DoT will ask if spectrum can be given administratively or through auction. While the Cabinet had approved direct allocation to enterprises in June 2022, it had not spelled out the specifics around the methodology. "We will seek clarity from the law ministry.

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How Will a Recession affect Nonprofits?

CFO Selections

While some economists and business analysts claim we are already in a recession, many more believe we will be in one by the end of the year. The general consensus is that whether we are already there, or it is coming soon, for-profit and non-profit organizations alike will be affected. The question is how will they be affected and what will those effects look like?

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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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Adoption of flexible benefits by employees on the rise: Report

CFO News

Global employee engagement platform Advantage Club in its report on employee benefits trends and outlook for 2023, finds that employee engagement is slated to take the frontline role in steering the future of the workplace - engaging, rewarding, and celebrating employees proactively.

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Not sold on Centage? The best Centage alternatives in 2023

Cube Software

Centage Planning Maestro, previously Centage Budget Maestro, is a budgeting, planning, and forecasting tool used by mid-market finance and accounting teams.

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Gross direct tax revenue jumps 24.58 pc to Rs 14.71 lakh crore for FY23

CFO News

Direct tax collection, net of refunds, stands at Rs. 12.31 lakh crore, which is 19.55 % higher than the net collections for the corresponding period of last year. "This collection is 86.68% of the total Budget Estimates of Direct Taxes for FY 2022-23," the ministry of finance said in a release.

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It Was In My Other Pocket

Essentials of Corporate Finance

Have you ever been short on money and gone through your clothes, only to find a $20 bill that you had forgotten about? We are sure that you were relieved. The same thing just happened to cryptocurrency exchange FTX, which filed for bankruptcy back in November. FTX attorneys announced that the company had found $5 billion in cash, liquid cryptocurrency, and other liquid investments!

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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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DRI issues show cause notice to Samsung India

CFO News

The agency in the notice also asked why a penalty should not be imposed against the senior management of the company. The DRI also issued a show cause notice to PricewaterhouseCoopers Pvt Ltd (PwC) and an associate director, who was questioned during the probe.

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Watershed Distillery x FocusCFO

Focus CFO

Founded in 2010, Watershed Distillery's quality spirits have put them on the map. Today, they are the number 1 independent distiller in Ohio. FocusCFO is proud to have partnered with Watershed Distillery to provide them with strategic financial guidance for their journey toward sustainable, transferrable business value.

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Google argues it doesn't block rivals in bid to kill US government antitrust lawsuit

CFO News

In December, Google asked Judge Amit Mehta of the US District Court for the District of Columbia to throw out both the antitrust case that the Justice Department filed in 2020.

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2022 Core Value Awards

Focus CFO

Passionate | Continuous Learner | Sherpa | Excellent Communicator | Coachable. Each year we meet at our annual all-hands meeting to learn, share, celebrate our accomplishments, and recognize exemplary associates. Here are the recipients of our 2022 Core Value Awards, recognizing those associates who have shown a commitment to exemplifying our core values and corporate philosophy.

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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.