Mon.Dec 19, 2022

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Recession could introduce ‘big unknown’ to CFOs’ tax outlook

CFO Dive

So long as the U.S. economy averts a deep recession, KPMG’s Greg Engel says financial executives can likely expect a steadier tax climate and no major new tax laws to 2023.

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2:00PM Water Cooler 12/19/2022 | naked capitalism

CFO News Room

By Lambert Strether of Corrente. Patient readers, I am pounding through a review of Lance deHaven-Smith’s terrific Conspiracy Theory in America, so this is an open thread. Talk amongst yourselves! –lambert. * * *. Contact information for plants : Readers, feel free to contact me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, to (a) find out how to send me a check if you are allergic to PayPal and (b) to find out how to send me images of plants.

Economics 130
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Trending Sources

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Fed may cut rates in mid-2023: Fannie Mae

CFO Dive

The U.S. economy will likely enter a mild recession during the first quarter after a slump in manufacturing and consumer spending, according to Fannie Mae economists.

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Disney, Tesla, Mesa Air and more

CFO News Room

Visitors learn about a Tesla model S at the auto exhibition area of the 5th China International Import Expo in Shanghai, China, November 7, 2022. CFOTO | Future Publishing | Getty Images. Check out the companies making the biggest moves midday Monday: Disney — Disney fell 3.6% after its film, “Avatar: The Way of the Water” fell short of box office expectations.

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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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ESG: 9 actions CFOs and finance leaders can take today

CFO Dive

In 75% of organizations, the finance team has taken on ESG risks and issues. CFOs should take a prominent role in tracking, reporting and improving performance against their company’s ESG goals.

Finance 245

More Trending

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Sysco CFO takes financial helm for Cardinal Health

CFO Dive

Sysco and Target alum Aaron Alt will take on the CFO seat for Cardinal Health in a move that follows a few months after Jason Hollar, Cardinal’s former CFO, was promoted to CEO.

CFO 239
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How to Create a Worker Safety Hotline That Really Works

CFO News Room

A worker hotline that is well designed and utilized by employees not only helps managers find harm; it also can allow managers to move from a reactive to a proactive approach to workplace abuse. The authors’ research on dairy farms in Vermont offers four simple recommendations to help increase utilization: Hotlines need to be accessible, at the times, in the languages, and through the mediums that workers prefer.

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The last mile of CFO success

CFO Dive

Chief financial officers who promote forward-thinking ideas will be more likely to achieve their goals.

CFO 219
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SEBI should be more sensitive to valuations, must act against errant merchant bankers: Amarjit Chopra

CFO News

SEBI has not proceeded to get the veracity of revenue models, and valuations checked even after post listing debacle in case of various issues, says the former President at ICAI.

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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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Goodyear promotes VP to CFO among leadership changes

CFO Dive

Christina Zamarro, a 15-year veteran of Goodyear, takes the financial helm in 2023.

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Metro AG global CEO Steffen Greubel hints at exiting India

CFO News

The German wholesaler grew its Indian business by 21% to $982 million during the year ended September, as per its latest annual report. Last month, ET reported that Reliance Industries Ltd had agreed in principle to buy Metro AG's cash-and-carry wholesale India business for ₹4,000-4,500 crore.

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Evaluating Benchmark Misfit Risk

CFA Institute

How can we identify and measure a portfolio's benchmark misfit risk?

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GST authorities issue 50,000 showcause notices to companies across sectors following audit findings

CFO News

Audits must be completed within a definite timeline to remove business uncertainty. A common audit manual for the Centre and states, instead of multiple audit manuals, makes sense for uniformity and consistency. Ideally, the GST Council should come up with clarifications on a few dispute-prone issues such as the cross-charging for supply of services between two registrations of an entity, credit for certain expenses and discount schemes.

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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 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • Why Hot Wheels are one of the most inflation-proof toys in American history : Hot Wheels are a retail oddity. They remain one of the most affordable toys in the country at a time when inflation is chipping away at savings accounts and compounding credit card debt for many Americans. ( NPR ). • The Fed Is Making a Mistake—and the Stock Market Will Pay the Price : The central bank raised interest rates by half a point and promised to hold rates higher for

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Is your finance function adopting low code development technologies?

Future CFO

CFOs: Are your finance function using low code development technologies to fulfill growing demand for fast application delivery and highly customised automation workflows? According to Gartner , the worldwide market for low code development technologies is projected to total US$26.9 billion in 2023, up 19.6% from 2022. In 2026, developers outside formal IT departments will account for at least 80% of the user base for low code development tools, up from 60% in 2021, the advisory firm predicted.

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India will become a big export economy: Google CEO Sundar Pichai

CFO News

Pichai also announced that company is focusing on Indian startups and will invest heavily in these startups. He said that ​​out of its $300 million for the startups, around one-fourth will be invested in entities that are led by women. He said that the technology is working at a big scale and touching lives of people around the world, which calls for framing responsible and balanced regulation.

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2022 Gartner® Magic Quadrant™ for Financial Planning Software

Anaplan

Bring certainty to your uncertain business environment with a next-generation FP&A solution. See why Anaplan was named a Leader in the all new 2022 Gartner® Magic Quadrant™ for Financial Planning Software and placed highest for its ‘Ability to Execute’.

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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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NARCL makes an all-cash offer for CCC's debt

CFO News

Earlier this month NARCL had matched Gujarat-based NBFC Raj Radhe Finance's ₹130 crore challenge to its ₹100 crore offer to take over the ₹2,623 crore outstanding dues of the company, ET reported in its December 5 edition. It is now learnt that the offer is on a full cash basis.

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Removing Confusion From Your Financials

CFO Simplified

Often, I’m told by a business owner that they don’t understand why their financial statements show strong profitability for two or three months, and then — suddenly — they have a month with a significant loss. They have stable sales, but the highs and lows of profitability are confusing. You don’t need to be a CPA to understand cash versus accrual basis reporting, and it’s important for any business owner to understand the difference.

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Moonlighting: Staff can't take up work that's against company's interests, says govt

CFO News

Moonlighting refers to a full-time employee of a company taking up an additional job, usually without the employer's knowledge. There have been multiple reports of IT professionals moonlighting during the pandemic when companies switched to full-time work from home.

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Taking a Higher Level View

CFO Simplified

Even though I am not a CFO, I recognize that there are ways that I have been impactful to my clients. After all, although the matters that I deal with are not strategic, I am in a good position to be advising not only my client, but the staff I work with, on some practical interventions that help assure that the numbers that everyone is depending on are accurate.

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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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Circular in works on tax recovery from cos under IBC

CFO News

The revenue department will discuss the necessary changes with the Ministry of Corporate Affairs (MCA) that administers the Insolvency and Bankruptcy Code (IBC). The move is aimed at providing clarity following a Supreme Court judgement.

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#232 – Are Payments Getting Safer or Faster? Fintech Hotseat Panel Discussion – AFP 2022

Strategic Treasurer

Episode 232. Are Payments Getting Safer or Faster? Fintech Hotseat Panel Discussion. Live from Philadelphia, PA, at AFP 2022, Strategic Treasurer is proud to present our Fintech Hotseat panel discussion on the Future of Treasury Payments. This session put experts from leading payment companies into the hotseat with questions such as the following: What is the power of a network like SWIFT?

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Telcos divided over artificial intelligence, Big Data benefits

CFO News

In its submission to the Trai, Reliance Jio said there are vast opportunities for deploying AI to improve network performance, overall QoS, spectrum management, security and customer services in telecom. In their submissions, Bharti Airtel and Vodafone Idea (Vi), though, said it's too early to even predict if AI and Big Data can drive internal efficiency and lead to optimisation of networks as both technologies remain nascent.

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Title Protection For (CFP) Financial Planners And The FPA’s Two About-Faces

Nerd's Eye View

This summer, the Financial Planning Association (FPA) announced a new multi-year advocacy goal to pursue legal recognition for the title of "Financial Planner", as a means for bona fide financial planners to distinguish themselves and their services from others (who may use the title but don't actually do financial planning), to help consumers understand who is qualified to provide financial planning advice, and to raise standards for the financial planning profession by tying competency and eth

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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.