Sun.Feb 05, 2023

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How Managers Can Address Their Own Biases Around Mental Health

CFO News Room

Discrimination against employees because of their health — including mental health — is illegal. While HR can make sure the right supports are in place, managers should also make sure that stigma isn’t impacting their day-to-day decisions about their teams. For example, how can a manager prevent their personal views on mental health from biasing their task assignment or performance reviews of an employee who’s disclosed a mental health challenge?

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Bold moves in global M&A might appear in 2023

Future CFO

Bold moves in global M&A might appear in 2023 — a year full of uncertainties, said Bain & Company recently when releasing its 5th annual Global Mergers & Acquisitions Report. While M&A value dropped dramatically in 2022, a loss of 36% in deal value, Bain’s report confirms that deal activity continues to be a central corporate strategy for growth and profitability.

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Stocks moving big after hours: META, ALGN, ELF

CFO News Room

Rafael Henrique | Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in after-hour trading. Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts’ estimates for fourth-quarter revenue, according to Refinitiv. Meta also said it lost $13.7 billion in 2022 in the business unit responsible for the metaverse.

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World Economic Outlook Update: January 2023

Future CFO

Global growth is slowing in 2023 but should rebound in 2024. China reopening, a strong US labor market with cooling inflation, and a mild winter in Europe have all helped avoid the worst. The post World Economic Outlook Update: January 2023 appeared first on FutureCFO.

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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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1619 Project: A Flawed Interpretation With a Hidden Agenda (Video)

CFO News Room

Phillip W. Magness is Senior Research Faculty and Director of Research and Education at the American Institute for Economic Research. He is also a Research Fellow at the Independent Institute. He holds a PhD and MPP from George Mason University’s School of Public Policy, and a BA from the University of St. Thomas (Houston). Prior to joining AIER, Dr.

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TIPS on the secondary market: Things to consider

Tips Watch

Yes, real yield is important, but there are other factors to consider before making a TIPS purchase. Like: How much is this going to cost? By David Enna, Tipswatch.

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Godrej Properties adds land with sales potential of Rs 27,500 cr

CFO News

Godrej Properties sold properties worth Rs 2,675 crore in Delhi-NCR, Rs 2,053 crore in the Mumbai Metropolitan Region (MMR), Rs 1,452 crore in Bengaluru and Rs 1,376 crore in Pune. These are the four major markets for the company. Godrej Properties, which is the real estate arm of the business conglomerate Godrej Group, is one of the leading real estate developers in the country.

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Links 2/5/2023 | naked capitalism

CFO News Room

Jupiter: The Only Planet in our Solar System That Doesn’t Orbit the Sun Physics-Astronomy Climate/Environment ‘ADVANCED’ PLASTIC RECYCLING USING HIGH HEAT AND CHEMICALS IS ENVIRONMENTALLY PROBLEMATIC, A NEW GOVERNMENT STUDY FINDS Allegheny Front Water Mississippi Lawmakers Trying To Take Over Jackson Water Funds, Federal Manager Warns Mississippi Free Press Pumping Mississippi water to the West still being considered to address droughts Minnpost #COVID-19 Not long from now, maybe 5 or 10 years,

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Standard Chartered stops lending against Adani dollar bonds amid volatility

CFO News

Some of the relationship managers of StanChart, which has a significant presence in Asia, have informed their private wealth clients in the region's large markets like Singapore that the bank would not accept these papers as collaterals for margin loans, one such customer told ET. The decision, albeit a temporary one, was taken Friday amid volatility in Adani bond prices.

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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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Musings on Markets: Control, Complexity and Politics: Deconstructing the Adani Affair!

CFO News Room

The India Rising story hit some turbulence last week, as one of its biggest corporate success stories, the Adani Group, was hit with a report from Hindenburg Research, an investing group that specializes in targeting and shorting companies that it believes have dubious accounting and business practices. In response, people have fallen into two groups, with the Adani family and its supporters arguing that the short selling report is a hit job by a “foreign” entity to bring down not ju

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Ease of GST compliance: Still a distant dream

CFO News

GST compliances which were envisaged to be easier and less complex, have turned out to be a compliance nightmare with multiple and frequent changes in the tax returns and reporting requirements.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Getting less for the same price? Explore how the CPI measures “shrinkflation” and its impact on inflation. ( BLS ) • How a Drug Company Made $114 Billion by Gaming the U.S. Patent System : AbbVie for years delayed competition for its blockbuster drug Humira, at the expense of patients and taxpayers.

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MNC consumer firms bullish on India despite inflation, global headwinds

CFO News

Most of these companies indicated bullish expansion plans in India which ranked amongst one of their top performing markets playing down any impact on sales due to inflation affecting most other geographies and impact on China due to Covid restrictions for most.

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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 Budget to sustain demand for corporates: Fitch Ratings

CFO News

The higher spending, tax cuts and supportive policies announced in India's Budget for 2023-24 are expected to support sustained demand growth and improve the longer-term prospects for corporates.

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RBI to continue or hit the pause button on rate hike?

CFO News

RBI is expected to pause the rate hiking cycle in the February meeting and will maintain the repo rate at 6.25 per cent for extended period. It might also change the policy stance to neutral.

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Adani’s crisis points to the big risk in India’s net zero plan

CFO News

Led by Adani’s $70 billion pledged investment in green energy infrastructure, India’s tycoons have so far committed to spend far more than the government on the energy transition. Reliance Industries Ltd.’s Mukesh Ambani and JSW Group’s Sajjan Jindal, along with energy giants like Tata Group, have also rushed to champion the shift to a cleaner future.

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PwC India plans to add 30,000 new jobs

CFO News

This follows the establishment of a joint venture between PwC India and PwC US to set up new global centres in India and scale up the existing ones that will help the firm accelerate growth and improve service quality. The firm currently employs over 50,000 employees in India between its Indian practice and the global delivery centres.

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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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Valuation rules to be reviewed for Angel Tax on foreign Investments

CFO News

A senior official said the government is examining the different valuation criteria prescribed under two separate laws which could lead to disputes and litigations. Such overseas investment is valued differently under the Foreign Exchange Management Act and the Income Tax Act.

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Financial watchdogs to soon put time limits for key decisions

CFO News

"We want them to put time limits on settlement of each kind of regulatory application.It's not a statutory deadline, but it is a target. Regulators can decide the time limit and then publish it," said one of the officials, who did not wish to be identified. The official said there cannot be a situation where a regulator does not decide on an application endlessly.

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Volvo's new global EV plant could be in India, says CEO Jim Rowan

CFO News

Volvo Cars Global Chief Executive Officer Jim Rowan said while a final decision on the location of the new manufacturing unit for electric cars is yet to be taken, India and Southeast Asian countries are among the contenders. The facility being considered will be utilized to meet domestic requirements as well as ship vehicles to other markets globally.

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Small companies sign up talent as Big Tech sheds staff

CFO News

According to staffing firms, demand for tech jobs still remains high in the US, only that this demand is coming from non-tech companies like retail, financial services firms and transport, among others.

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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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Budget provides buffer from global challenges: Parameswaran Iyer

CFO News

"With a continued focus on good governance, the budget aims to simplify systems with the help of initiatives such as Jan Vishwas Bill, which will enhance the reforms already taken under the Ease of Doing Business. More than 39,000 compliances have been removed and over 3,400 legal provisions decriminalised," Iyer said.