Wed.Dec 07, 2022

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How Busy People Can Develop Leadership Skills

CFO News Room

Leadership development should be recognized as an ongoing part of professional life. And while dipping in and focusing on it when time allows is great, as we all know, time doesn’t always allow. That doesn’t mean that you can’t develop your skills. All it takes to become a better leader is dedication and a small investment of time. Carving out time for learning and development is critical for anyone who wants to improve their leadership competencies and performance outcomes.

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For CFOs rethinking growth, profitability, data is key

CFO Dive

Investing in data analytics that can reveal key opportunities can aid CFOs looking to better balance growth and profitability.

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Trending Sources

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Performance Advertising Under the SEC’s Marketing Rule

CFO News Room

Executive Summary. For investment advisers looking to attract prospective clients, advertising the performance of their investment strategies would be a logical way to market their services (at least if they had strong historical returns!). But for many years, advisers looking for guidance from the Securities and Exchange Commission (SEC) regarding what kind of performance advertising was permissible had to rely on fairly general guidelines and SEC staff statements in the form of “no-action” let

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U.S. watchdog sanctions three KPMG global firms

CFO Dive

The PCAOB cracked down against KPMG for several alleged violations in the latest sign of tougher oversight of the accounting firms that audit publicly listed companies.

Auditing 274
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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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2:00PM Water Cooler 12/7/2022 | naked capitalism

CFO News Room

By Lambert Strether of Corrente. Thank you, dear readers, for your overwhelming response to my call for help on finding a copy of Conspiracy Theory in America. I now have a PDF (one more damn book to read). I want to read the book now , and so I didn’t to wait for Book Depository order or inter-library loan. –lambert. Bird Song of the Day. Meadow Bunting, Ilistay River, Primorsky Krai, Russia.

Economics 130

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Markets Feed the Poor, Government Creates Them – The Misguided…

CFO News Room

On November 28, Pope Francis lamented the recent rise of individualism , which he linked to a rise in violence. While his counsel contains a valuable lesson in charity, it also contains the worrisome seeds of communitarianism and socialism, the snuffing out of individual initiative. The Pontiff is notorious for not staying within his proverbial lane, nor following his comparative advantage in theology, instead offering economic advice.

Marketing 130
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CFO stressors: Job creep

CFO Dive

While many finance chiefs are adjusting to their expanding duties, some CFOs feel they are doing an untenable share of the C-suite’s heavy lifting.

CFO 246
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Carvana, MongoDB, TripAdvisor, Toll Brothers and more

CFO News Room

A mascot of TripAdvisor is seen at its display at a trade fair. Axel Schmidt | Reuters. Check out the companies making headlines in midday trading. Carvana — Shares of the online car dealership fell more than 32% after Carvana’s largest creditors signed an agreement to negotiate together with the company. Bankruptcy concerns around Carvana have grown since the company reported disappointing third-quarter results last month.

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CFOs say GDP revision worrying but cling to India growth story

CFO News

The downward revision in the FY23 GDP growth forecast is a worrying sign, and indicates stress in the economy, however, India's growth story still remains firm, say finance leaders.

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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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It’s Not Just You: Businesses Are Making Their Phone Numbers Hard to Find

CFO News Room

Listen to article. (2 minutes). No matter how many times you yell “representative” into the phone, you won’t reach an employee at Frontier Airlines. The budget carrier dropped its phone service option last month, leaving customers to use chat functions or social media to resolve issues. The airline joins a growing group of companies—from Breeze Airways to Resy to Facebook—that eliminate or make phone numbers extra hard for customers to find.

Numbers 100
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India Inc's digital transformation spending to reach $85 bn by 2026

CFO News

Firms in the country are aiming to reduce the costs by increasing efficiency, improving security/risk capabilities, and improving customer experience via tech-enabled digital transformation.

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Performance Advertising Guidelines For Investment Advisers Under the SEC’s New Marketing Rule

Nerd's Eye View

For investment advisers looking to attract prospective clients, advertising the performance of their investment strategies would be a logical way to market their services (at least if they had strong historical returns!). But for many years, advisers looking for guidance from the Securities and Exchange Commission (SEC) regarding what kind of performance advertising was permissible had to rely on fairly general guidelines and SEC staff statements in the form of “no-action” letters.

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2023 and Beyond: Budgeting & Planning with QuickBooks Online Advanced to Manage Through Constant Change

Centage

Earlier this year we announced that we’d teamed up with global technology firm Intuit Inc. , the maker of QuickBooks Online Advanced, to bring automated budgeting, forecasting, reporting and analytics capabilities to QuickBooks Online Advanced customers and mid-market organizations looking for more robust and streamlined budgeting capabilities. The Planning Maestro App for QuickBooks Online Advanced provides a two-way sync of financial data between QuickBooks Online Advanced and Planning Maestro

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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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PodChats for FutureCFO: Disrupting the disruptor – a CFO perspective

Future CFO

The latest projections from the Asian Development Bank are that the region is expected to grow 4.3% this year, down from 5.2% in April 2022. It has also lowered its 2023 forecast to 4.9% while the inflation forecast has been raised to 4.0% attributing this to higher energy and food prices. Given the continuing uncertainties we face today and the disruptions that come with these, how should CFOs strategize and lead their organisations to become the disruptors?

CFO 97
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ED provisionally attaches properties of Sobha worth Rs 201.60 crore under PMLA

CFO News

Enforcement directorate has provisionally attached certain lands in Kerala valued at Rs. 201.60 crore. The case relates to an inquiry regarding selling plots meant for "no profit no loss" category at exorbitant market prices in the Sobha International City, Gurugram.

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Proposal for a Directive harmonising certain aspects of insolvency law

Corporate Finance Lab

Today the European Commission presented a new proposal for a directive to harmonise certain aspects of insolvency law. The proposal can be consulted here. According to the Commission, the very divergent insolvency rules in the EU are often mentioned as a significant obstacle to the further development of the Capital Markets Union. They deliver different outcomes across Member States, and in particular they have different degrees of efficiency in terms of the time it takes to liquidate a company

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Strong US dollar to have credit impact across Asia Pacific

Future CFO

A strong US dollar will have credit effects on rated Asia Pacific companies, with those that have a significant portion of their debt and debt-servicing costs, or other costs, denominated in US dollars while earning revenues in depreciating currencies more vulnerable to the negative credit effects, said Moody’s recently. Major APAC currencies have tumbled this year, as factors including the US Federal Reserve's monetary policy tightening, slowing global growth and geopolitical uncertainty drove

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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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Wider choice: Irdai proposes 3 years insurance cover for cars & 5 years for two-wheelers

CFO News

The draft proposes to permit all general insurers to offer 3-year insurance policy in respect of private cars and 5-year for two-wheelers, co-terminus with motor third party liability cover.

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FinTech Global lists ION products in the RegTech 100 list for 2023

Reval

LONDON – 8 December 2022: ION, a global leader in trading and workflow. The post FinTech Global lists ION products in the RegTech 100 list for 2023 appeared first on ION.

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Banks follow RBI's signal; hike lending rates

CFO News

Private sector HDFC Bank has hiked its marginal cost of funds-based lending rate (MCLR) effective Wednesday.

Banking 52
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Feeding Our Neighbors

Focus CFO

According to the USDA, more than 34 million pillion — 9 million of whom are children — in the United States are facing food insecurity.

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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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Retail, fintech hit as startup funding dips 35% this year

CFO News

Retail and fintech sectors witnessed a fall of 57% and 41%, respectively, in amounts of funds raised in 2022, according to Tracxn’s India Tech 2022 annual report. Yet, these two sectors alongside enterprise applications remained top fundraisers during the year.

Retail 52
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24/7 Financial Advice

Barry Ritholtz

There are periods of time when we all flip on the TV and watch live events unfold in real-time. National disasters, wars, crises, big entertainment and sporting events all tend toward communal viewing. In many ways, it is the last vestiges of the early days of television when there were only 3 networks and mornings in the office led to water cooler discussions of the big show broadcast last night. 1.

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Google says it doesn't allow online gambling adverts

CFO News

The statement was issued in response to the Ministry of Information and Broadcasting's (MIB) letter last week, wherein the ministry asked Google to comply with its advisory against online betting ads.

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Illinois Workers’ Rights Amendment sets new bar for state worker power policy: Other state legislatures should seize the moment to advance worker, racial, and gender justice in 2023

CFO News Room

On election day, Illinois voters approved a constitutional amendment guaranteeing all workers organizing and collective bargaining rights, setting a new high bar for state labor policy at a moment when policymakers should prioritize empowering workers to address historic levels of income inequality and unequal power in our economy. The Illinois Workers’ Rights Amendment adds language to the state constitution affirming that “employees shall have the fundamental right to organize and to bargain c

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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.