Wed.Mar 01, 2023

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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.

Auditing 253
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CFOs' confidence for operating margin is at ten-quarter low: D&B survey

CFO News

Business decisioning data and analytics service provider Dun & Bradstreet India had analysed the confidence of CFOs in financial and macro-economic on the basis of 12 key parameters.

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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.

Retail 256
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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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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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Accounting talent crunch persists

CFO Dive

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

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 239
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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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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.

GAAP 141
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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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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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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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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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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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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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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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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.

CFO 52
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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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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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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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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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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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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.

CFO 52
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More pain for microfinance sector, sticky loans jump to all time high of Rs 42,300 cr

CFO News

Despite a sizeable sheet cleansing by large microfinance institutions (NBFC-MFIs) and small finance banks in the third quarter of this fiscal year through write-offs, the amount of sectoral non-performing assets jumped to about Rs 42,300 crore as of end-December — an about 16% increase from three months earlier. This is the highest ever NPA for the sector.

Finance 52
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FCF Biotech Venture Capital Monitor – USA 12/2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 12/2022”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. As. Read more The post FCF Biotech Venture Capital Monitor – USA 12/2022 published appeared first on FCF Fox Corporate Finance GmbH.

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Adani-Hindenburg row: SC to pronounce order on panel of experts on Thursday

CFO News

The Supreme Court is scheduled to pronounce on Thursday its order on a batch of PILs on the recent Adani Group shares crash triggered by the Hindenburg Research's fraud allegations. A bench of Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala is likely to deliver its verdict over setting up of a panel of domain experts for strengthening existing regulatory measures for stock markets.

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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.