Thu.Jun 13, 2024

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KPMG: 29% of companies feel ready for ESG data assurance

Future CFO

Twenty-nine percent of companies feel ready to have their ESG data independently assured, according to a recent study by KPMG. The data, which reflects an increase of only a fraction from nine months ago, come despite fast-approaching and evolving regulatory deadlines to report on ESG. KPMG’s annual ESG Assurance Maturity Index is based on responses from 1,000 senior executives and board members at organisations across industries, global regions and revenue sizes, classifying them into Leaders (

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FASB’s environmental credit rules recall crypto debate

CFO Dive

Like crypto rules FASB recently finalized, the environmental credit accounting standards would provide specific guidance where GAAP is currently silent.

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Trending Sources

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Debunking QSR Minimum Wage BS: A Follow Up

Barry Ritholtz

@TBPInvictus here A few days ago, Barry and I detailed how unscrupulous bad actors had taken Not Seasonally Adjusted data to falsely claim that California’s new $20/hour minimum wage had cost the state almost 10,000 quick-serve restaurant (QSR) jobs. I wrote: It appears to me that the Journal got that number from BLS. However, BLS only offers the series without seasonal adjustment; this makes a very meaningful difference.

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Reduced pricing plan sees Wise shares slump despite profit surge

CFO Dive

The fintech plans to continue its strategy of reducing prices for its customers, which is reflected in its forecast, interim CFO Kingsley Kemish said.

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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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Reorganization Spurs Synergies: Q&A With Citi Commerical Bank’s Raymond Gatcliffe

Global Finance

Head of Commercial Bank in North America at Citi discusses the company’s reorganization of its banking lines with Global Finance. In mid-September, Citi CEO Jane Fraser announced a comprehensive reorganization of the banking giant. Part of the simplified operations model included putting its commercial banking, corporate banking and investment banking businesses under one Banking business line.

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SAP Gen AI Capabilities Shift into High Gear with New Announcements at SAPPHIRE

Bramasol

With Sapphire now behind us, it is a great time for this Insights series to provide a quick overview of all the AI-related new initiatives from SAP and strategic partners that were announced and/or spotlighted during the event. While each announcement is significant in its own right, the really big story is how all of these pieces are creating a comprehensive fabric of AI-capabilities woven throughout the SAP S/4HANA Cloud-based ecosystem.

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The Interplay Between Cap Rates and Interest Rates

CFA Institute

Charles De Andrade is responsible for the evaluation, structuring, and execution of equity and debt investments as one of the senior members on the investments team at EquityMultiple Investment Partners (EMIP). EMIP is the capital markets arm of EquityMultiple , with a focus on capitalizing on dislocation opportunities in the commercial real estate middle market.

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Kitces & Carl Ep 140: Are You Worrying About Scale Before You Even Have A Scale Problem

Nerd's Eye View

As the financial advice industry continues to move toward providing full-blown professional services rather than focusing primarily on product sales, advisory (advicery?) firms are increasingly experiencing similar stages of growth in their practices. From the initial stage of onboarding their first clients to the point of hitting a capacity wall and deciding whether to increase their headcount, and later to a threshold where an ensemble business eventually becomes an enterprise, advicers face m

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AI success depends on the CFO, not IT

Future CFO

Accelerated enterprise artificial intelligence spending and adoption is on the horizon, and chief financial officers will be responsible for effectively managing the costs and common problems — including cost overruns, misuse in decision making, loss of trust and rigid mindset — associated with how organizations use this transformative technology. Gartner VP Analyst Nisha Bhandare and Senior Director Analyst Clement Christensen discuss a comprehensive framework to categorise AI initiatives acros

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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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Strategic Partnerships with Fractional CFO Services

CFO Plans

“`html Strategic Partnerships with Fractional CFO Services In today’s fast-paced business world, companies of all sizes are on the hunt for ways to streamline operations, cut costs, and foster sustainable growth. One game-changing strategy that’s become increasingly popular is leveraging Fractional CFO services. These part-time financial experts provide strategic guidance without the hefty price tag of a full-time CFO, making high-level financial leadership accessible to all business

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Hiring a CFO – Do You Need the Tortoise or the Hare?

CFO Selections

Aesop’s fable about the race between the tortoise and the hare provides a story to show how a race is not always for the swiftest. In the business world, some companies are very focused on short-term financial results while others are managing for the very long-term time horizon. Some companies are working to improve their operations and financial results in order to sell the business in a few years, while others are building a business for the next generation of owners.

CFO 52
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Rajib Kumar Mishra ceases as PFS chairman, PTC India CMD after SEBI's governance breach order

CFO News

SEBI also barred former PFS Managing Director (MD) and Chief Executive Officer (CEO) Pawan Singh from holding the position of director in any listed company for two years and fined him Rs 25 lakh.

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The Mentoring Round | Erica Gessert, CFO, Upwork

CFO Thought Leader

Inside The Mentoring Round, CFO Erica Gessert emphasizes the importance for CFOs to rely on the best possible data sets for making informed decisions. CFO Gessert discusses the development of AI-enabled features to enhance the connection between clients and freelancers. 1,008: Managing Change and Ensuring Stability | Erica Gessert, CFO, Upwork The post The Mentoring Round | Erica Gessert, CFO, Upwork appeared first on CFO THOUGHT LEADER.

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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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Jaypee Infratech appoints Devang Pravin Patel as CFO

CFO News

Suraksha Group, which has taken control of Jaypee Infratech ltd (JIL) after approval from the appellate tribunal NCLAT last month, will delist JIL from stock exchanges.

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Flipkart's path to profitability will decide IPO timing, says Walmart CFO

CFO News

Walmart sees financial services as a growth opportunity, with PhonePe and Flipkart driving monetisation prospects. A report by Bernstein Research suggests India's ecommerce market could double by 2025.

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India Inc's high-flyers in for a travel treat; overseas tour, meet-ups with celebs among unique rewards

CFO News

Offsites may never be the same again. Corporates across sectors such as banking, auto and insurance have loosened their purse strings for top performers, partners and distributors this season and are rewarding them with unique travel experiences, luxury watches and bags as well as catch-ups with Bollywood celebrities and other rewards. Travel, including trips with families, figures high on the rewards and incentives list.

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India Inc looking for credit to fund capex, corporate loan worth Rs 5 lakh cr in pipeline: SBI Chief

CFO News

SBI Chairman Khara stated a growing demand for credit from corporates, with Rs 5 lakh crore loans in the pipeline, signaling a shift towards seeking credit for working capital and capacity expansion.

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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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Strategic reforms in customs duties, GST, commerce to push India's inclusive growth, says GTRI

CFO News

The think tank suggested increasing the GST exemption limit for a firm's annual turnover from 40 lakh to 1.5 crore as this will be transformative for India's MSME sector, promoting job creation and growth. Firms with less than Rs 1.5 crore turnover make up over 80 per cent of registrations but contribute less than 7 per cent of the tax collected, it said adding a yearly turnover of 1.5 crore equals 12-13 lakh monthly turnover, translating to just Rs 1.2 lakh at a 10 per cent profit margin.

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GST Council meeting scheduled for June 22 in New Delhi

CFO News

The 53rd meeting of the GST Council is slated to convene on June 22, 2024, in New Delhi, following the inauguration of a new government. Previously, the 52nd Meeting of the GST Council took place on October 7, 2023, in New Delhi, with Union Finance & Corporate Affairs Minister Nirmala Sitharaman presiding as the chairperson.

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FISME urges govt to review policies to help faltering MSMEs

CFO News

The key body representing MSMEs has also sought the government’s intervention in protecting export-oriented MSMEs and tweaking trade policies to reflect the growing contribution of Asia to global GDP.

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FAME-3 may get a budget-day release; Rs 10,000-crore outlay expected

CFO News

Electric two, three, and four-wheelers are expected to be supported under the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme, which could receive a budgetary allocation of about Rs 10,000 crore, people familiar with the deliberations told ET.

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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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GST Council likely to consider a review of 28% tax on online gaming at June 22 meeting

CFO News

The council may also take up recommendation of the fitment committee on inverted duty structure of 15 items, officials aware of the matter told ET. However, a broader process of rate rationalisation may be pushed for later, they said.

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Tata Consumer Products aspires to be a full-fledged FMCG Co, to double capex to Rs 785 cr in FY25: N Chandrasekaran

CFO News

Tata Consumer Products Ltd plans to diversify and expand into new FMCG categories, doubling capex to Rs 785 crore for FY25 with a focus on a new plant in Vietnam. Chairman N Chandrasekaran emphasized growth through acquisitions, particularly in health-oriented and food products, while investing in digital technology and advertising.

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NCLT directs Byju’s to maintain status quo, halts $200 million rights issue

CFO News

The National Company Law Tribunal (NCLT) has directed edtech major Byju's to maintain status quo in its shareholding, pausing its controversial rights issue conducted at a 99% discount to its last peak valuation of $22 billion. Byju's faces a petition from investors in the NCLT and is restrained from proceeding with the rights issue. The matter will be heard next on July 4, and the tribunal has asked for details of Escrow bank accounts and US court actions.

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Curb on unfair GST demand recovery proceedings: GST officials now needs prior approval from higher authority to act within 3 months of demand

CFO News

GST demand order: If you have received a GST demand order, you can either it pay it or file an appeal against it. However if GST officials believe that it is necessary to ask for early payment of the demand before the stipulated time period they can do so. However now they need to give a justifiable reason to do so.

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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.