Wed.Mar 01, 2023

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Accounting talent crunch persists

CFO Dive

As accountants and CPAs increasingly battle with burnout, the pool of talent for the industry is getting smaller.

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FRP Corporate Finance completes pre-pack sale of Truphone

Accountancy Today

FRP Corporate Finance has advised on the pre-pack sale of Truphone Limited, a global mobile communications company, to TP Global Operations Limited, in a transaction that saves around 450 jobs. Headquartered in London and with a research and development centre in Lisbon, Truphone specialises in the provision of connectivity plans and mobile phone recording compliance solutions for major financial institutions; connectivity plans for enterprises and eSIM enabled internet of things (IoT) devices;

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Trending Sources

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Target, Dollar Tree prepare for weaker consumer spending

CFO Dive

Retailers are approaching 2023 with caution as consumers pull back on discretionary spending and as supply chain and labor costs continue to tick upwards.

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Framing Prospect Conversations Around What Motivates Them Today (And Not Their Future Goals)

Nerd's Eye View

When holding discovery meetings with a prospective client, financial advisors often ask the prospect about their goals. The hope is that these conversations will help the prospect ease into a positive frame of mind (by thinking about a vacation, retirement, or another future aspiration) and, at the same time, present the advisor with an opportunity to show how their services can help the prospect achieve their goals.

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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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IRS Commissioner-nominee pledges to uncover corporate taxes owed

CFO Dive

Billions of dollars in new funding for the IRS will not go toward increasing the audit rate for businesses and taxpayers that make less than $400,000 per year, Daniel Werfel said.

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More Trending

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Crypto firm Algorand appoints first CFO

CFO Dive

The new CFO said one of his first priorities will be to help identify strategic growth areas with the leadership team.

CFO 258
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Feb GST collections at Rs 1.49 lakh crore

CFO News

The GST collections for February fell from Rs 1.58 lakh crore in January, which was the second-highest monthly collection ever under the indirect tax regime which was introduced in July 2017.

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Doth Buffett protest GAAP too much?

CFO Dive

Warren Buffett — CEO of Berkshire Hathaway and one of the world’s most renowned investors — didn’t disappoint fans of his folksy, acerbic writing in his latest shareholder letter.

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Amid macro uncertainties white-collar job market at eight months high

CFO News

The increase in the number of lateral white-collar job positions could be attributed to the need among certain sectors to recruit for their long-term growth plans as well as replacement hiring in sectors facing high attrition.

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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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ExecOpinion: Finance transformation: Strategies in 2023

Future CFO

Gartner says finance transformation encompasses strategic initiatives designed to revolutionise the way the corporate finance function manages its strategy, processes, internal controls, and financial reporting. With the CFO being one of the key architects of an organisation’s digital transformation, Gartner says the CFO needs a finance function that drives the strategic ambitions of the enterprise.

Finance 91
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Infosys and HCL were startups in 1984; giant companies of tomorrow are startups of today: Sanjeev Bikhchandani

CFO News

"As long as we believe there is a future and there is growth and I see no reason to sell unless we need the money for something else. But obviously, we discussed with the board but there is no announcement we made here on this account but I do believe that if there is growth, we should stay.

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Presentation: How to Avoid Financial Disasters

Barry Ritholtz

I did a brand new presentation last week, the first one since the pandemic lockdown began 3 years ago this month. I mentioned how much fun it was to get back on stage , but it definitely took a while to settle into a groove. Haven’t brought myself to watch the full discussion yet, but from the first 5 minutes you can see lots of excess nervous energy and pacing about the stage.

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The Size Factor Matters for Actual Portfolios

CFA Institute

The size factor contributes to portfolio diversification and risk control.

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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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Taking Control of Fixed Asset Management: Why Your Business Needs AP Automation

https://trustedcfosolutions.com/feed/

Accurate data and internal tracking are the building blocks for smooth asset management. Proper maintenance and upkeep are necessary to ensure that the assets continue to provide value over time. Fixed assets are crucial to a business, providing long-term value and further business operations. They are tangible items such as buildings, vehicles, equipment, and furniture.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales : At least eight businesses that went public through mergers with “blank-check” companies have sought protection from creditors. ( Businessweek ) • Why WFH Will Not Doom Cities : Academics tend to overestimate the impact of current trends on cities today.

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Business software for scenario modeling in company planning and budgeting

Spreadym

Uncertainty, no matter the reason causes it, complicates the planning and budgeting at a company. Usual financial and operational models don’t work. At the same time, the number of variables that need to be considered increases. All this leads to the fact that the company should turn business operations to scenario planning, where the final result may depend both on macroeconomic and trade parameters, or on efficiency of new equipment.

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Can ChatGPT Help or Hurt as You Pursue a Job as a CFO?

CFO Selections

If you are reading this and don't know what ChatGPT is, you better Google the phrase and learn about what is starting to transform many aspects of society and business. It is an AI tool developed by Open AI, a company that Microsoft has recently announced it has invested billions in and is incorporating into its Edge browser. TikTok has run amok on the topic, and it was TikTok that helped create a million ChatGPT users in less than a week from launch in late 2022.

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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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Best Agrolife appoints Sanjeev Kharbanda as CFO

CFO News

Kharbanda will take over as CFO from Atul Garg who got the designation of head of commercial & credit control in the company.

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Remembering Bob Murch

Focus CFO

It is with great sadness that we share that our friend and colleague, Bob Murch, has recently passed away. Bob joined the FocusCFO team as Area President in 2020, serving businesses in his community of Columbus, Ohio. During his tenure with FocusCFO, Bob brought warmth, talent, and transformative leadership to his work. He has left an indelible mark on his clients and colleagues.

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Corporate ESG reporting: Disclosure inconsistency lingers

Future CFO

When it comes to corporate ESG reporting and related assurance involving ESG issues, the largest global companies continue to show momentum, according to a new report from the International Federation of Accountants (IFAC) and AICPA & CIMA, the latter two of which form the Association of International Certified Professional Accountants. However, significant hurdles remain in corporate ESG reporting when it comes to the provision of consistent, comparable and high-quality sustainability info

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India’s richest gave less to social sector in FY22 despite rise in wealth: Report

CFO News

Overall, India’s social sector spending as a share of GDP grew a percentage point to 9.6% in FY 2022, driven by a jump in public spending. Total spending on the social sector amounted to Rs 22.6 lakh crore in FY 2022.

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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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Planning for Growth? Focus on FP&A - and the Best FP&A Tools

Lime Light

Prepare for Growth with the Best FP&A Tools As your organization grows, it will necessarily require new tools and solutions to ensure that it can manage the increased complexity when budgeting and reporting - new hires, new teams, new expenditures, new revenue streams, etc. For many businesses, they rely on Excel to manage their FP&A. at first.

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PVR-Inox draws up Rs 850-crore expansion plan

CFO News

As part of the action plan, the merged company will focus on integrating human resources, technology and operations, and once the integrations are complete, it will focus on unlocking cost and revenue synergies, said Bijli. They expect the synergy benefit to come from areas like box office, food & beverage and advertising in terms of revenue.

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What makes a good CFO

CFO Talks

Jeandre de Greef is the CFO and Director of the Tristan Group, which provides procurement and project solutions to energy, construction, mining and shipping industries in many African countries. Before joining Tristan, Jeandre held executive positions at Lonrho Seafoods, the Triple M Group and Nexxus. He has a BCom from Unisa, majoring in financial management and financial accounting, and is registered as a Business Accountant in Practice at CIBA.

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NCLAT sets aside plea to stay IL&FS' BKC headquarters sale

CFO News

A two-judge bench of Justice Ashok Bhushan and Dr Alok Srivastava dismissed the appeal by the leading mortgage-finance lender in an order dated February 28.

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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.