Thu.Dec 01, 2022

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75: What Is Asset-Backed Debt?

Strategic Treasurer

Session 75. Coffee Break Session: What Is Asset-Backed Debt? What is asset-backed debt? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer’s Senior Advisor, Paul Galloway, to discuss how asset-backed debt is used for raising capital, the different types of issuances, why a company would issue an asset-backed instrument, and the risks.

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Many CFOs are paralyzed by decision volume: Accenture

CFO Dive

An expanding scope of responsibilities — which require finance chiefs to have cross-disciplinary expertise — is slowing decision making, according to an Accenture study.

Finance 307
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Trending Sources

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Why they clapped for Sam Bankman-Fried

The Reformed Broker

LET’S GIVE A ROUND OF APPLAUSE TO SAM BANKMAN-FRIED pic.twitter.com/HIVB3nTX2V — The_Real_Fly (@The_Real_Fly) November 30, 2022 Last night’s interview between the New York Times’ Andrew Ross Sorkin and Sam Bankman-Fried ended with the host thanking the accused criminal mastermind for coming, despite the protestations of his lawyers. The audience applauded as the screen went black.

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CFOs up forecasting frequency amid economic uncertainty: survey

CFO Dive

Pricing pressures, labor costs and talent retention struggles are creating new forecasting challenges for financial and business leaders, the AICPA & CIMA survey found.

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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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Is Advisor Technology Making Planning Faster… Or Better?

CFO News Room

Executive Summary. As financial planning has evolved over the years, better tools have become available to help advisors maximize their impact with more clients by increasing their efficiency. Financial planning technology, in particular, has allowed advisors to automate time-intensive back-office tasks and delegate routine analyses to support staff, freeing up their time to engage more personally with clients.

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Adam Smith’s Oft-Missed Lesson on Human Imagination

CFO News Room

One of my favorite teaching lessons in economics is the division of labor. It’s one of those ideas that reminds me of my late father’s dual roles, that of both professor of economics and part-time professional magician. The division of labor story creates that wonderful “aha” moment, similar to my father’s reveal of his latest magic trick when I was a boy. .

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Tyson CFO pleads not guilty to criminal trespass, intoxication charges: reports

CFO Dive

Tyson Foods has drawn criticism from some corporate governance experts who have said the company should have taken a more aggressive stance on the arrest of its newly-minted CFO.

CFO 274
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Salesforce, Five Below, Okta, Costco and more

CFO News Room

A shopper loads a car with bottled water at a Costco Wholesalers in Chingford, Britain March 15, 2020. John Sibley | Reuters. Check out the companies making headlines in midday trading. Salesforce — Shares of the cloud-based software company slid more than 9% after the firm announced the sudden departure of co-CEO Bret Taylor. The Dow component dragged down the 30-stock average during Thursday’s sell-off.

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FASB takes step toward clarifying lease accounting

CFO Dive

The proposed lease accounting update comes as the FASB works on a project that would require companies to disclose more income-tax information.

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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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Bottoming?

Barry Ritholtz

As we have been discussing since May of this year, there are increasing signs we have been groping for a bottom in the equity markets. This “Process” is not a single event but rather, a series of events the totality of which increasingly weighs the probability towards that positive resolution. I use the word probability because this outcome is not pre-ordained, but rather, subject to future events which have yet to unfold.

Economics 118
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Some Home Buyers Could Soon Get a $1 Million Mortgage With a 3% Down Payment

CFO News Room

To qualify for a $1 million mortgage, Americans typically have to make a down payment of at least 20% of the home’s price. Starting next year, some buyers could put as little as 3% down. The cap for home loans backed by Fannie Mae and Freddie Mac rises to $1,089,300 next year in a few expensive markets including Los Angeles and New York, up from $970,800, the Federal Housing Finance Agency, or FHFA, said Tuesday.

Finance 100
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Estee Lauder Buys Tom Ford

Global Finance

While the acquisition was driven by the prestige of Tom Ford’s beauty segment, which includes signature scents, skin care and cosmetics, the deal also brings eyewear and apparel to Estee Lauder.

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FTX and the Problem of Unchecked Founder Power

CFO News Room

Startup founders typically face a fundamental tradeoff: They can grow the company, increasing its value and the value of their shares, but to do so they must give up some control. Or, they can keep control, at the expense of growth. That tradeoff exists for good reason: Investors who supply the capital necessary to grow want to make sure their money will be well spent.

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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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Oracle EPM Clients Accelerate ESG Reporting

Qubix

Helping our clients achieve their ESG goals with data-driven insights or transforming their ESG reporting processes is a priority topic globally for Qubix. The good news is that many of our existing Oracle EPM Cloud clients have a distinct advantage; they already have the total ESG reporting platform – Oracle EPM Cloud.

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Some Retailers Are Learning to Love Bulked-Up Inventories

CFO News Room

While many retailers are discounting, canceling orders and otherwise scrambling to get rid of a glut of goods filling their stores and warehouses, some are embracing their higher inventory levels. . Merchants including. Dick’s Sporting Goods Inc., Lowe’s. Cos. and. Walmart Inc. say the rising stocks signal a recovery from last year’s shortages driven by supply-chain disruptions and put them in a strong position to take advantage of consumer demand this holiday shopping period. .

Retail 100
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Kitces & Carl Ep 100: Is Advisor Technology Really About Making Planning Faster… Or Better?

Nerd's Eye View

As financial planning has evolved over the years, better tools have become available to help advisors maximize their impact with more clients by increasing their efficiency. Financial planning technology, in particular, has allowed advisors to automate time-intensive back-office tasks and delegate routine analyses to support staff, freeing up their time to engage more personally with clients.

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Adult-Child Genius Sam Bankman-Fried Opts for “I’m Hopelessly Stupid and Confused” Defense

CFO News Room

As much as it might be entertaining in a perverse way, I hate giving Sam Bankman-Fried any more attention than he is already getting. Based on available information, particularly SBF’s hour-long interview with the New York Times’ Andrew Ross Sorkin, the fallen crypto-king looks to be trying to outdo the classic corporate defense “I’m the CEO and I know nothing” by adding in a layer of pretending to be stoopid, or at best pathologically disingenuous.

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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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November GST collection stands at Rs 1.45 lakh crore, witnesses a surge of 11% Y-oY

CFO News

In November monthly GST revenues collection had crossed more than Rs 1.4 lakh crore mark for the ninth straight month in a row. Government data said the CGST figure was at Rs 25,681 crore, SGST at Rs 32,651 crore, IGST at Rs 77,103 crore.

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Will They, or Won’t They? The Risk of Betting on the Fed

CFA Institute

Recent market volatility has been driven by speculation about what the Fed will do next.

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Data centres in India attract investment of $10 bn since 2020: Report

CFO News

"The growth of data centres in India is led by massive explosion of data consumption through digitisation, increased cloud adoption, etc, over the last two years. At the same time, data centre operators are enthused by the incentives such as subsidised land, stamp duty exemption, etc provided by several states," the statement said.

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The Business of Feeding Texas

VCFO

Feeding Texas oversees food banks in 251 counties grouped across 21 districts, each with a central food bank responsible for managing regional food acquisition and distribution. A far-too-familiar rash of recent disruptions (COVID, inflation, etc.) has made it increasingly tough for them and other organizations like them to meet the needs of food-insecure citizens.

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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.

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Ambani's Reliance far outpaces Adani in Hurun's list to emerge as most valuable company in India

CFO News

RIL’s value stood at Rs 17.2 lakh crore, up 3.6 per cent as compared to last year. Tata Consultancy bagged the second spot despite its value contracting 10.8 per cent. The company is valued at Rs 11.6 lakh crore followed by HDFC Bank (with a value of Rs 8.3 lakh crore), the report showed.

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My schedule … and what’s coming up

Tips Watch

By David Enna, Tipswatch.com I’m traveling in Costa Rica for a couple weeks and I will often be in areas with weak or zero Internet connections.

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Private lender ICICI Bank to bet big on real estate sector

CFO News

The initiative by ICICI Bank offers builders instant generation of account numbers for registration with the Real Estate Regulatory Authority (RERA), better statutory payments efficiently and also enables them to manage payment obligations to vendors, employees and utility providers.

Banking 52
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Cloud adopting accounting practices in Singapore earn more: Survey

Future CFO

Cloud adopting accounting practices in Singapore earn more per client, said Xero recently when releasing its latest industry survey results. According to the Xero Singapore Accounting Industry based on a survey of more than 300 accounting and bookkeeping practices, the majority of respondents reported stable earnings, with 44% having increased their year-on-year revenue in the last 12 months, and a quarter (26%) reporting decreases.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.