Thu.Dec 01, 2022

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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 247
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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.

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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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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.

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Rethinking Growth: The Fight to Become and Stay Profitable

Speaker: Aleksey Krylov, CFA - Chief Financial Officer at CytoImmune Therapeutics

Join Aleksey Krylov, corporate finance expert and CFO at CytoImmune Therapeutics, for an insightful overview of working capital management and managing profitability.

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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 218

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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 210
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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.

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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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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.

CFO 100
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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.

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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.

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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. Co-founders and employees who join the startup want to know that it is well managed.

Startups 100
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Bottoming?

The Big Picture

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.

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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. 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. . “We’re

Retail 100
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10 Ways to Keep Your Hourly Employees

Getting and keeping hourly workers is no longer as simple as offering them more cash. Employees have options. But this guide from Paycor will help you put your best foot forward to recruit, retain, and develop hourly workers so you can remain competitive.

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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.

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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.

CFO 100
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10 Thursday AM Reads

The Big Picture

Welcome to December!

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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.)

Banking 75
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The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

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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

Finance 67
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Five lessons from AI on closing quantum’s talent gap—before it’s too late

McKinsey Public & Social Sector Insights

To ensure organizations have access to the quantum computing talent they need when they need it, leaders will have to upskill workers and create pathways for new talent, just as they did for AI. Digital Insights Disruptive Technology Artificial Intelligence Digital strategy and organization Talent

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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. Here are the details

CFO 83
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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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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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 speeding up the month-end close and better managing your remote teams.

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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.

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Procurement in Africa: Exercising a muscle for challenging times

McKinsey Public & Social Sector Insights

Amid rising costs and increasing demand for raw materials, African companies may need to pull every available lever to maximize procurement efficiency. Insights on Operations Africa Operations

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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

CFO 82
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Welcome Nelson Law

Focus CFO

We are pleased to welcome a new CFO to the team: Nelson Law has joined FocusCFO, serving small and medium-sized businesses in Columbus and surrounding areas. New Associates

CFO 52
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Happily Ever After: Core Guiding Principles to Achieving a Fairy Tale Month-End Close

Happily Ever After doesn’t just happen, except of course, in fairy tales. Hard work alone is not enough for month-end close best practices. It requires discipline, teamwork, and the right tools. All of this is within reach. Discover how your organization can achieve a Happily Ever After close.