Thu.Dec 01, 2022

article thumbnail

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 305
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

article thumbnail

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.

145
145
article thumbnail

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.

article thumbnail

Nearly half of employees surveyed have side hustles: Workhuman

CFO Dive

Many employees are taking on side hustles, with nearly half of workers recently surveyed citing economic uncertainties as a factor in their decisions, according to Workhuman.

Economics 267

More Trending

article thumbnail

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 259
article thumbnail

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.

Startups 100
article thumbnail

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.

article thumbnail

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
article thumbnail

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.

article thumbnail

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.

98
article thumbnail

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.

article thumbnail

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.

98
article thumbnail

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.

article thumbnail

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

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

Banking 97
article thumbnail

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.

73
article thumbnail

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.

article thumbnail

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.

article thumbnail

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
article thumbnail

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.

article thumbnail

IMF's Kristalina Georgieva warns of rising inflationary pressures in Asia

CFO News

"ASEAN countries are a bright spot with growth projected at 5% this year and moderating slightly in 2023. Still, the outlook is exceptionally uncertain and dominated by risks," such as the fallout from Russia's war in Ukraine, global financial tightening and a slowdown in China's growth, Kristalina Georgieva said.

52
article thumbnail

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.

article thumbnail

Build Resilience Through Recurring Revenue

Focus CFO

With an uncertain economy in the future, it is as important as ever that small and medium-sized businesses build resiliency, and position themselves for long-term growth. A recent article at CFO.com outlines subscription business models as an excellent option for helping businesses to weather the storm, due to the predictability of recurring revenue.

52
article thumbnail

RBI may lower FY23 GDP growth forecast

CFO News

A three-day meeting of the central bank's monetary policy committee is scheduled for December 5-7. Besides its rate move, the meeting will be closely watched for RBI's growth projection, which currently stands at 7% for 2022-23.

article thumbnail

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.

article thumbnail

India has potential of 10 crore merchants, over 50 crore payment: Paytm

CFO News

Furthermore, Paytm said that bank partnerships to sell their products have a great opportunity, where FASTag and Co-branded Credit Cards are already a success, and it identified EMI Aggregation on PG, Remittance among others as next. For financial services, the company said it will focus on growing loan and stock brokerage offerings.

Banking 52
article thumbnail

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.