Tue.Jul 09, 2024

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Boeing would become a felon under DOJ plea deal

CFO Dive

The aerospace and defense giant would plead guilty to one criminal count, pay a $244 million fine and operate under an oversight monitor for three years.

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It’s Only a Point…

Barry Ritholtz

A quick break from book duty and doing our quarterly client call to share this fascinating discussion from tennis great Roger Federer: “In the 1,526 singles matches I played in my career, I won almost 80% of those matches… What percentage of the POINTS do you think I won in those matches? Only 54%.” -Roger Federer This is one of those great commencement addresses that will only gain stature over time.

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Trending Sources

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Powell spotlights risks to jobs, wants more gains against inflation

CFO Dive

The job market in recent months has shown signs of returning to its pre-pandemic trend, with demand for labor easing and unemployment rising to 4.1% in June.

Marketing 264
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EU Companies Bet Big On Egypt’s Future

Global Finance

Can a new wave of FDI help Egypt to diversify and modernize its economy? At a bilateral investment conference in Cairo on July 1, European Commission President Ursula von der Leyen announced that European companies were signing deals for more than $43 billion with Egyptian companies “ranging from hydrogen to water management, from construction to chemicals, from shipping to aviation and to automotive.

Economics 116
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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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Naked Wines replaces SVB credit facility as CFO exits

CFO Dive

The subscription-based retailer’s $60 million new credit facility with PNC Bank will be secured by its global wine assets.

CFO 264

More Trending

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How CFOs can leverage AI in spend management

CFO Dive

AI can sift through tons of data in seconds, streamlining tax calculations in the employee expense process, among other benefits, writes SAP Concur’s Chris Juneau.

Leverage 257
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1,015: Aligning Investor Narratives With Operational Strategy | Mark Khavkin, CFO, MinIO

CFO Thought Leader

Mark Khavkin tells us that from the very beginning of his career journey—a 2008 role as an investment professional with a European private equity firm—he was able to gain experience in board strategy, investor relations, and entrepreneurial exploration. This foundation allowed him to read boardroom dynamics from very early on and prepared him to anticipate a variety of operational perspectives that would set the stage for his path forward.

CFO 52
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Aligning finance, operations key for best tech practices: LogicSource

CFO Dive

To find the right technology solution, finance and operations first need to be aligned on the problem, LogicSource’s Jo Seed says.

Finance 230
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FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 06/2024 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 06/2024”. The Monitor is a monthly published overview of venture capital trends in. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 06/2024 published appeared first on FCF Fox Corporate Finance GmbH.

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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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The Mentoring Round | Karen Williams, CFO, American Express Global Business travel

CFO Thought Leader

Inside the Mentoring Round, CFO Karen Williams of American Express Global Business Travel showcases a growth mindset, turning career hurdles into invaluable learning experiences. Her journey from networking struggles at Mars to recognizing its significance underscores the power of building essential professional relationships. Williams’s emphasis on “connecting the dots” to glean insights from past missteps sets the stage for future triumphs.

CFO 52
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My schedule … and what’s coming up

Tips Watch

By David Enna, Tipswatch.com Here we go again. Yes, I am traveling again for the next three weeks through the European Alps: Switzerland, France, Italy and Austria.

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FIVE Holdings appoints Kallol Kundu as new CFO

CFO News

In his new role, Kallol will succeed Jaydeep Anand, who will transition to the position of Chief Development Officer while retaining his responsibilities as Chief Sustainability Officer. As CFO of FIVE Holdings, Kallol will play a role in advancing the Group's digitalisation initiatives.

CFO 45
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ISCA launches new corporate governance initiative

Future CFO

The Institute of Singapore Chartered Accountants launched its new "Do Good" initiative for corporate governance among Trade Associations and Chambers (TACs) and charity boards. The new project seeks to support the boards and councils of more than 2,000 registered charities and 300 TACs, with potential cost-savings of S$15 million. Teo Ser Luck Under the initiative, ISCA and SAC Capital will subsidise 50% of the Board of Directors Masterclass programme for TACs and charity boards to enhance their

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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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Geojit Financial Services CFO Mini Nair supports SEBI's 'True to Label' pricing rules, sees challenges for discount brokers

CFO News

Nair said new SEBI regulations enhance transparency and customer protection while noting their minimal impact on Geojit's business model.

CFO 45
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Budget 2024-25 eyes GST reforms, boost for renewable energy

CFO News

Recommendations by NSEFI include maintaining the exemption from basic customs duty on imports of key renewable energy components such as wafer, ingots, and polysilicon.

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Reliance, Tata, Maruti & others rally veterans to now defend the giants' next growth phase

CFO News

Indian companies, including Reliance Industries and Tata Group, are leveraging the talent of ex-service personnel for their unique skills and capabilities. With a focus on fitness, discipline, crisis management, and execution rigour, these veterans are filling skill gaps in various sectors such as logistics, engineering, and administration.

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Budget 2024: Govt may relax 45-day payment rule for MSMEs

CFO News

The government is considering relaxing the 45-day payment requirement to MSMEs to prevent large corporations from seeking other sourcing options. This potential change to Section 43B(h) of the Income Tax Act might be announced in the upcoming Budget on July 23. Last year's Budget introduced this clause to ensure timely payments to MSMEs, penalizing larger companies for delays by disallowing tax deductions on unpaid expenses.

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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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Insolvency law fosters healthy credit culture: NFRA chief Pandey

CFO News

On Tuesday, Ajay Bhushan Prasad Pandey, chairman of the National Financial Reporting Authority (NFRA), emphasized the importance of insolvency law for a healthy credit culture and its role in unlocking capital from unviable businesses for productive use through the resolution of bankrupt firms' stress. He highlighted that the Insolvency and Bankruptcy Code (IBC) has a significant role in strengthening the economy beyond just enabling lenders to recover dues from corporate debtors.

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PLI booster: Telecom equipment manufacturing sales cross Rs 50,000 crore

CFO News

The telecom equipment manufacturing sales have crossed Rs 50,000 crore under the production-linked incentive (PLI) scheme, creating more than 17,800 direct jobs and many more indirect jobs, the government said on Wednesday.

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Finance Commission sets up advisory panel

CFO News

The 16th Finance Commission has set up a five-member advisory council comprising economists D K Srivastava, Neelkanth Mishra, Poonam Gupta, Pranjul Bhandari and Rahul Bajoria.

Finance 40
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FSSAI cancels manufacturing licences of 111 spice producers across India

CFO News

Food Standards Agency had issued alerts for ethylene oxide in Indian spices before January 2023. FSSAI confirmed the safety of popular brands MDH and Everest, with no presence of the chemical in tested samples, ensuring consumer confidence in these products.

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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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CFOs must embrace transparency, auditors discern regulatory intent: RBI DG Swaminathan

CFO News

CFOs have the key levers of financial strength in one place, probably next only to the CEO while bank’s Statutory Auditors being most critical line of assurance for a Regulator, remarked RBI DG. At the RBI Conference, Swaminathan J underlines the role and expectations of CFOs and Auditors.

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Governance: The Pillar of Startup Success

CFO News

In this insightful article, Sandip Khetan and Sagar Lakhani of Uniqus Consultech delve into the indispensable role of governance in fostering trust, transparency, and long-term success within India's dynamic startup ecosystem.

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Auditor's role must transcend from verification to assessing material risks: RBI DG Rao

CFO News

RBI’s Deputy Governor M Rajeshwar Rao said that the role of auditor must transcend from just verifying financial statements to holistically assess material risks being posed by the business operations and business model being pursued by the entity.

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Cognizant CFO Jatin Dalal settles lawsuit with Wipro; pays Rs 4 crore in settlement

CFO News

CFO: Cognizant has also announced the resolution of the lawsuit involving former Wipro senior vice president Mohammad Haque.

CFO 40
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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.