Thu.May 25, 2023

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Drawing on SEC chops, Fundrise CFO preps for aftermath of inflation

CFO Dive

The SEC and KPMG alum talks about embracing uncertainty, being willing to make wide career pivots and her outlook on the economy.

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The First Rule of Dunning Kruger…

Barry Ritholtz

Of all the cognitive errors in behavioral finance and human psychology , the one that creates the most confusion is the Dunning-Kruger effect. (Perhaps its rise in pop culture is to blame). Regardless, I find DKE to be an incredibly useful tool that helps explain many of the individual errors we see in investing. It’s useful to think of Dunning Kruger in terms of metacognition : One’s ability to self-evaluate a particular skill set.

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Trending Sources

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ChatGPT aces CPA exam after prior version flunked

CFO Dive

ChatGPT-3.5 took the CPA exam and got an “F.” The newest version of the AI learned from the failure, however, and nailed the test, researchers said.

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Do Sentiment Metrics Matter to the Markets?

CFA Institute

Derek Horstmeyer is a professor at George Mason University School of Business, specializing in exchange-traded fund (ETF) and mutual fund performance. He currently serves as Director of the new Financial Planning and Wealth Management major at George Mason and founded the first student-managed investment fund at GMU. | Yuge Pang is a recent graduate of George Mason University School of Business with a concentration in finance.

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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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WeWork CFO follows CEO out the door

CFO Dive

Andre Fernandez’s swift exit marks the company’s fourth CFO transition since March of 2020.

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More Trending

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Nvidia revenues soar amid AI demand

CFO Dive

The chipmaker’s finance chief credited generative AI with driving “exponential growth” in the computing sector.

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Pennar Industries appoints Shrikant Bhakkad as CFO

CFO News

Shrikant Bhakkad will take over J S Krishna Prasad as the CFO.

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Looking to invest in longer-term TIPS? There’s a problem.

Tips Watch

By David Enna, Tipswatch.com I recently got an email with a question from long-time site reader Jay, who included a meme to illustrate his point.

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From informal to formal economy

CFO News

Not just in India, the informal economy is a major concern for the whole world. The only good news is digitisation is helping India march forward rapidly but a lot needs to be achieved.

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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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Clips From Today’s Halftime Report

The Reformed Broker

Two price target cuts for Disney from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Not averse to mandatory joint audit: Schneider Electric Global CFO

CFO News

Hilary Maxson feels two eyes are better than one and mandatory joint audits can help improve audit quality.

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Welcome Brent Smith

Focus CFO

We are delighted to announce that Brent Smith has joined the FocusCFO team, and is our first Houston-based team member. Ron is an experienced CFO with nearly 25 years of experience, holding extensive leadership roles, including serving on boards of private companies. He has successfully managed areas that present significant challenges to companies today, such as stakeholder communications during periods of uncertainty or financial crisis, cybersecurity risks, human resources, financial capacity

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Digital transformation: BINUS deploys Workday solution

Future CFO

Indonesia’s private education institute BINA NUSANTARA (BINUS) Group has deployed Workday technologies to expedite its digital transformation. According to the technology company, BINA has deployed Human Capital Management (HCM) and Workday Financial Management to support its continued expansion and growth. In addition, BINUS aims to have Workday Adaptive Planning gone live this year, Workday noted.

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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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India's economy grew faster at 5.1% in Q4: Economists

CFO News

An ET poll of 20 economists pegged growth in the January-March period in the 4.1-5.7% range with the median at 5.1%, higher than the 4.4% recorded in the preceding quarter.

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Future-Proof Your Workforce with a Modern Talent Agenda

CFO Alliance

The post Future-Proof Your Workforce with a Modern Talent Agenda appeared first on CFO Alliance.

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Life insurers see little impact from tax sop removal

CFO News

The finance minister announced in the February budget the scrapping of the tax exemption on maturity proceeds of non-unit linked insurance plan (ULIP) policies purchased after April 1 with annual premiums above ₹5 lakh. That had led to a rise in pre-booking of high-ticket, non-linked policies in March.

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A Complete Review of Cube Software

The Finance Weekly

Introduction FP&A software is gaining popularity thanks to the need for automation and upgrading all of the integrations and data sources that occur today in the finance function. At The Finance Weekly we put together comprehensive reviews of different FP&A software tools. Finding the right FP&A software tool can be costly and time consuming, and we hope these reviews will help you save time and make the right choice for your company.

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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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Investors from 21 nations exempted from angel tax

CFO News

Private equity and venture capital investment into closely held companies routed through jurisdictions not mentioned will have to undergo scrutiny under the angel tax provisions for valuation.

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Designing & presenting effective financial reporting dashboards

Cube Software

What is a financial dashboard? A financial dashboard is a data visualization tool designed to present key financial metrics in a comprehensive and user-friendly interface, sort of like those displays Tony Stark had while flying around in his Iron Man suit.

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Recruitment, IT industries account for highest demand for fresher hiring: report

CFO News

As per the new data, Bengaluru is the top location for fresher hiring, with 12.4% share of job postings. The city is also offering the highest salary packages.

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The Low CO? Cement Opportunity | Scott Healy, CFO, Fortera

CFO Thought Leader

CFO GUEST: Scott Healy, CFO, Fortera Corporation 901: The Welcome Box | Scott Healy, CFO, Fortera At Avalara, we’re building cloud-based tax compliance solutions to handle every transaction in the world. Imagine every transaction you make — every tank of gas, cup of coffee, or pair of sneakers, every movie ticket, meal kit, or streamed song, every sensor-to-sensor ping.

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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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ECB registrations dropped by a third in FY23 amid a 516-bps rise in loan costs

CFO News

Registrations for external commercial borrowing (ECB) by corporates fell to $26.6bn in the last fiscal year due to rising global interest rates. After gradually increasing during the first three quarters of 2022-23, registrations dropped in Q4. ECB inflows for the year totalled $23.8bn, only marginally higher than outflows.

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Antony Waste CFO clears the air on I-T raid and more

CFO News

Antony Waste's CFO, Iyer Subramanian NG, has given clarification on the income tax raids which is related to some vendors that have not filed their personal tax returns. He emphasized that this issue has nothing to do with the company's operations and they have complied with all the requirements requested by the Income Tax Authority. In terms of the company's performance, he highlighted that higher expenses in transportation and unapproved reimbursements led to lower margins.

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CIO, CFO partnership is a must in Spend Management 2.0 era

CFO News

Managing finances and expenses is becoming increasingly complex, and companies need to adapt to this changing landscape. This is where the collaboration between the CIO and CFO becomes critical.

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Carbon’s social cost higher than estimated but a carbon tax doesn’t address climate justice at all: Billy Pizer

CFO News

We’ve studied how when a country or jurisdiction acts ambitiously on climate mitigation by itself, it’s likely some of the emissions reductions in the ambitious jurisdiction will reappear in trading partners. If A, for instance, starts using less fossil fuels, that could lower the price and other economies then buy more of them — that’s one kind of carbon leakage.

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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.