Fri.Mar 03, 2023

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FASB studies AI use in financial data analysis

CFO Dive

The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.

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How Many Bear Markets Have You Lived Through?

Barry Ritholtz

Have a look at the BAML chart above. 1 It is one of my favorites, but for reasons that might not be readily apparent at first glance. The chart shows the peak-to-trough declines of all the bear markets with the popular definition of a 20% decline, measured up until the start of the first 20% rally. 2 The current move from 2021 highs is shown in red.

Marketing 134
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Trending Sources

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Dell taps insider for CFO, issues cautious 2023 outlook

CFO Dive

Dell’s corporate controller will take the CFO reins as the company faces waning PC demand and other economic headwinds.

CFO 258
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Utilize Data & Analytics to Improve Supply Chain Efficiency

Navigator SAP

A supply chain--by definition--has a lot of moving parts. It covers everything from the raw materials to the workers creating a product to the final delivery of goods to the consumer. For a business, keeping that chain operating smoothly is fundamental to the firm’s existence.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Verizon CFO set to exit amid reshuffling

CFO Dive

The coming departure and replacement of the telecom company’s CFO is one part of a broader reshuffling within its leadership ranks.

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More Trending

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Pay plan rejections hit record high

CFO Dive

Last year the rejections of Russell 3000 Index companies’ pay packages hit the highest annual level since the non-binding say-on-pay votes became mandatory in 2011.

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Implementation of certain norms could perpetuate existing market dominance: CEA

CFO News

Chief Economic Advisor V Anantha Nageswaran on Friday said that implementation of certain regulations by regulators could perpetuate existing market dominance as he cited the data and privacy norms in the technology space. Delivering the keynote address at a conference organised by the Competition Commission of India (CCI), he emphasised that while competition drives innovation, there is also a distinction between competition and free markets.

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Weekend Reading For Financial Planners (March 4-5)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that amid economic and market headwinds, the pace of RIA M&A activity was slower in January and February compared to the same period last year. If this trend continues, 2023 would be the first year in more than a decade to see fewer transactions than the year before, though some industry observers continue to see significant appetite for deals.

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RBI imposes restrictions on Musiri Urban Co-operative Bank; caps withdrawal at Rs 5,000 per customer

CFO News

The Reserve Bank of India on Friday imposed a Rs 5,000 cap on withdrawals by individual customers from Tamil Nadu-based Musiri Urban Co-operative Bank as part of several restrictions slapped on the lender due to its deteriorating financial condition.

Banking 52
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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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Dan Nathan Predicts Recession

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Nick Maggiulli, Dan Nathan, and Downtown Josh Brown discuss earnings season, yields, mortgage rates, Buffett and buybacks, shorting private equity, world stock markets in 1899 vs today, how millionaires invest their money, the Silvergate collapse, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your fa.

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Windfall tax hiked marginally to Rs 4400, export duty on ATF scrapped

CFO News

Exports of petrol will continue to attract nil duly. The new rates will be applicable from March 4. India imposed windfall profit taxes on July 1, 2022, by imposing export duties of ₹6 per litre on petrol and ATF and ₹13 a litre on diesel.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week, Non-NonFarmPayroll, morning train WFH reads: • American workers aren’t returning to the office like their international counterparts—here’s why : Even as people got vaccinated and Covid restrictions eased over the years, U.S. office occupancy remains stagnant around 40% to 60% of pre-pandemic levels, Meanwhile, office attendance has returned to 70% to 90% in Europe and the Middle East, and around 80% to 110% in some Asian cities, meaning some workers are spending more time in the

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MSME Minister Narayan Rane launches FIRST to support MSME digitisation in India

CFO News

Rane said that MSMEs should be provided with all support possible as they are the backbone of the Indian economy.

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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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How are Blockchain, Crypto and DeFi changing finance?

CFO News

We all know that blockchain was launched as a distributed ledger for Bitcoin transactions, but it turned out to be more than just that. Since 2014, blockchain has given birth to many new inventions beyond Bitcoin.

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India's economic activity grows faster in Jan'23, GVA at seven-month-high: Report

CFO News

According to a recent report by Motilal Oswal Financial Services Ltd, India's economic activity was upbeat in January 2023, recording GVA at a seven month high, driven by growth across all sectors.

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Banks report robust Q3 numbers with rise in profit, improved asset quality: CARE Ratings

CFO News

Banks reported a record level of NIM in Q3 FY23. The asset quality of banks have also improved and is on the right track to reach Pre-AQR levels. Bank profits have also risen in the third quarter of financial year 2023.

Numbers 52
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Higher credit growth to support overall economic momentum in India

CFO News

The latest data on sectoral deployment of credit by scheduled commercial banks (SCBs) showed that the credit growth continued its robust uptick with non-food credit registered a growth of 16.7% year-on-year in January 2023 vis-à-vis 8.3% same month of last year.

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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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Foxconn to invest under $ 1 billion in Bengaluru

CFO News

Foxconn's increased India push is triggered by a strong domestic demand for iPhones as well as a surge in exports from India led by the overall diversification of global supply chains away from China. Last year Foxconn also announced an infusion of $500 million into its India unit. As per a stock exchange filing in Taiwan, Foxconn said its Singapore subsidiary is deploying the capital into the India entity, Hon Hai Technology India Mega Development Private Limited.

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Adani to set up cement plants, data centre in Andhra Pradesh

CFO News

Adani, who is the CEO of the group's port company Adani Ports and SEZ Ltd and the son of group founder and chairman Gautam Adani, said the group will set up cement plants with total capacity of 10 million tonnes per annum at Kadappa and Nadikudi in the state as well as a 400 MW data centre in Visakhapatnam.

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Jio to become world's largest 5G standalone only network in 2023 with affordable services: Oommen

CFO News

"Jio will be the largest 5G SA (standalone) only network operator in the world in the second half of 2023, ensuring that all advanced services and capabilities are available affordably to the masses," Oommen said.

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India has created the right conditions to spur demand: Shailesh Jejurikar, COO, P&G

CFO News

"Conditions are definitely being set up for demand generation and we have to be able to use these conditions of investment in the infrastructure, digital capacity and human capital," Shailesh Jejurikar, chief operating officer at Procter & Gamble Co, told ET in an interview.

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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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More attractive assets to be available in 2023: Bain & Company survey on M&A

CFO News

75% of the corporations have acknowledged that there will be more attractive assets available in 2023. This is higher than the global average of 53%.

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How digital public good infrastructure contributing in 5 trillion-dollar economy?

CFO News

Digital infrastructure has changed the way we have delivered we are delivering the services, believes UIDAI Deputy Director General. Whether it’s Aadhar of the UPI, they have been solving the problems of day-to-day users through the services they are providing.

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India's forex reserves fall for fourth week in a row, at 3-month low

CFO News

India’s forex reserves slid by $325 million to $560.94 billion for the week ended February 24, data from the Reserve Bank of India (RBI) showed on Friday. India's reserves have seen negative movement for the fourth straight week. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

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Reliance to invest in 10 GW solar energy in Andhra Pradesh: Mukesh Ambani

CFO News

Andhra Pradesh has the second longest coastline in India and it can prosper greatly by harnessing renewable ocean energy, seabed minerals, marine biotechnology and so on, Mukesh Ambani said. Reliance has invested over Rs 1.50 lakh crore in its KG D-6 assets, developing and supporting gas pipelines.

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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.