Wed.Sep 13, 2023

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Grayscale CFO says FASB met the crypto moment

CFO Dive

Ed McGee’s praise for the new crypto rules comes as the digital asset manager is battling the SEC to launch the first bitcoin exchange-traded fund.

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U.S. inflation rose 0.6% in August; what does it mean for TIPS, I Bonds and Social Security?

Tips Watch

By David Enna, Tipswatch.com As expected, rising gasoline prices pushed U.S. inflation higher in August, rising a seasonally-adjusted 0.6% for the month and increasing 3.7% year-over-year, the Bureau of Labor Statistics reported today.

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Trending Sources

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BP CFO steps into breach after CEO resigns

CFO Dive

A CEO scandal has opened the door for CFO Murray Auchincloss to take over the company on an interim — and possibly permanent — basis.

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EY reports global revenue of $49.4 billion, a 14.2% jump

CFO News

Consulting grew fastest at 21.6% to $16.1 billion, followed by tax practice which grew 12.2% to $12.01 billion. Assurance business grew 11% to $15.1 billion. Strategy and transactions grew 8.4% to $6.01 billion.

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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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Inflation exceeds forecasts as fuel prices surge

CFO Dive

Despite rising price pressures, futures traders believe the Federal Reserve will forgo a rate hike after a monetary policy meeting next week.

More Trending

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Brookings’ Klein calls for regulators to speed up ‘tepid’ FedNow adoption

CFO Dive

It’s risky to rely entirely on market forces to drive the use of the Fed’s new instant payments service, says Brookings Senior Fellow Aaron Klein.

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Birinyi’s Axioms

Barry Ritholtz

This year, we lost one of Wall Street’s brightest lights. Beginning in 1974, and over the next 50 years of investing, Laszlo Birinyi closely watched the markets. He was one of the market’s most insightful observers and served clients with great distinction. He was a Truth-teller, especially about how people allowed financial Media to affect their emotions, and was unusually frank about his fellow strategists and Wall Street salespeople.

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For successful CFO hires, focus on executive style: Kingsley Gate

CFO Dive

Really digging into an executive's leadership style can help companies seeking CFOs to create a lasting fit, Kingsley Gate’s Ed Montoya says.

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Hot-Tip: Managing RevRec for Subscriptions with SAP EBRR

Bramasol

Learn how SAP Event Based Revenue Recognition (EBRR) in the SAP Public Cloud can enhance revenue management and ensure compliance for subscription-based offerings, thus enabling businesses to streamline and optimize their processes. Watch this free webcast to get a detailed look at the why, what and how of EBRR. Key points discussed in this webcast include: Benefits of Event Based Revenue Recognition in the cloud Specific scenarios where EBRR works best Detailed demonstration of EBRR in SAP Publ

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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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Quantifying Investments in Customer Success and Retention

The SaaS CFO

CFO’s like to analyze and quantify as much as possible. Our utopia is data-driven decisions while avoiding analysis paralysis. We are known for saying “no” a lot, but really, we want to enable. So when it comes to the Customer Success function, how do we quantify this investment? Or general investments in retention programs? In […] The post Quantifying Investments in Customer Success and Retention appeared first on The SaaS CFO.

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Wholesale inflation rate in negative category for 5th straight month, WPI down 0.52% in Aug

CFO News

India's wholesale inflation rate in August decelerated by 0.52%, after a decline in July, according to the Department for Promotion of Industry and Internal Trade. The rate had been negative in June, May, and April. Retail inflation in August decreased to 6.83% from July's 15-month high of 7.

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BlackLine announces AI-enabled intercompany accounting capabilities 

Future CFO

BlackLine said it has announced the first AI-enabled intercompany accounting capabilities. Designed to prevent transaction failures before they occur and minimise time and resources spent across the entire transaction lifecycle, ‘intercompany predictive guidance’ will be integrated into BlackLine’s family of intercompany financial management solutions, the firm noted.

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Byju’s denies hiding $533 million in hedge funds, says money invested in ‘high-grade fixed income assets’

CFO News

Byju’s statement was in response to a Bloomberg report that said the Bengaluru-based firm’s lenders had alleged that the edtech company hid $533 million in an obscure three-year-old hedge fund, operating from a pancake restaurant in Miami.

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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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Reliance Capital insolvency: NCLT rejects Torrents's plea, to hear Hinduja's resolution plan approval on September 26

CFO News

The matter was listed for hearing on Tuesday before the insolvency tribunal, however, it has now been adjourned to September 26. The NCLT said the Supreme Court on the plea filed by Torrent has 'abundantly' made it clear that it would be kept in abeyance until the parties have had an opportunity to obtain circulation and interim orders of stay in the proceedings.

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Inflation hurting patients, but health of hospitals improves

CFO News

Hospital chains in India are experiencing a rise in average revenue per operating bed (ARPOB) and a decrease in average length of stay (ALOS) for patients. This has resulted in improved operational performance and higher valuations on the stock market. However, patients are facing increased treatment costs, even with shorter hospital stays, due to medical inflation and rising expenses for hospitals.

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LTTS to hire 2,000 people this fiscal to drive auto IT solutions

CFO News

Amit Chadha, CEO of Larsen & Toubro Technology Services (LTTS), stated that the company's plans to hire an extra 2,000 personnel in the current fiscal year have been accelerated due to the rising demand for software defined vehicles.

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Proposals worth ?4k cr under IT hardware PLI likely to be cleared

CFO News

India is expected to approve investment proposals worth ₹4,000 crore under the revised IT hardware Production Linked Incentive (PLI) scheme. Last month, the ministry of electronics and IT received 40 proposals amounting to ₹5,000 crore, but not all will be approved due to budget constraints.

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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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Deloitte UK to cut over 800 jobs - source

CFO News

Deloitte UK to cut over 800 jobs - source

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Creditors to IL&FS Tamil Nadu Power reject NARCL's offer

CFO News

Lenders felt that NARCL's offer of ₹4,700 crore in a 15:85 structure was below their recovery expectations through the debt restructuring process. Under 15:85, 15% of the amount is paid upfront while the remaining is paid by way of security receipts.

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Mahindra's Classic Legends to pump in ?1,000 crore till FY26 to rev up business

CFO News

Classic Legends is also working on a pure electric motorcycle for the UK, Europe and other mature markets. Developed ground-up with the University of Warwick, the model will go on sale from 2024. The company claims that it will be the most affordable e-motorcycle in its segment.

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Coffee Day Global, IndusInd Bank settle debt issues, NCLAT terminates insolvency proceedings

CFO News

The Counsel representing the companies informed the Chennai bench of National Company Law Appellate Tribunal (NCLAT) about the settlement and sought permission to withdraw insolvency litigations, according to PTI.

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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

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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RR Kabel management on IPO, future plans and more

CFO News

Rajesh Jain, CFO and Shreegopal Kabra, MD, RR Kabel, in conversation with Now, as the company's IPO opens for subscription.

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No more pension or provident fund benefits for I-T, GST tribunal members

CFO News

Earlier, serving high court or Supreme Court judges were sometimes appointed as chairperson or a member while staying in their existing service. So they were entitled to pension and other benefits. Now when a serving judge of any court is appointed as chairperson or a member of the tribunal, they will have to either resign or obtain voluntary retirement from their parent service before joining the tribunal.

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NFRA for effective communication between auditors and firm management

CFO News

The regulators like NFRA and Sebi may tighten vigil around the need for the "effective two-way communication process" soon, they said. At present, auditors in many cases are found to give a last-minute report/presentation to the audit committee of a company, consisting mainly of independent directors, just before the board is about to approve its financial statement, one of the persons said. "So, the auditor's report isn't scrutinised properly by the audit committee.

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India to be a global giant in electric vehicles by 2030: Govt

CFO News

India aims to become a global leader in the electric vehicle (EV) sector by 2030, with the two-wheeler segment expected to achieve this goal even earlier, according to Kamran Rizvi, Secretary of the Ministry of Heavy Industries. He also stated that EV subsidies in India will eventually come to an end, unlike in other countries such as China and the UK which are reducing or withdrawing such incentives.

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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.