Wed.Jan 25, 2023

article thumbnail

8 Reasons to Hire a CFO in 2023

CFO Alliance

The post 8 Reasons to Hire a CFO in 2023 appeared first on CFO Alliance.

CFO 52
article thumbnail

KPMG primes shrinking CFO, CPA pipeline

CFO Dive

The shortage of accounting talent is one of the main concerns keeping KPMG’s Greg Engel up at night.

CFO 284
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

ChatGPT is everything you wanted Bitcoin to be

The Reformed Broker

Bitcoin is a middling technology that, 15 years after its introduction to the world, still does not have a single legitimate use case in the developed world where it’s the best possible solution to a problem. It’s worse than our traditional stores of value (gold, US dollar) because of its inherent volatility (roughly 5x more volatile than the stock market).

article thumbnail

Several states cut corporate tax rates for 2023

CFO Dive

Many states are competing for businesses by reducing corporate tax rates as of Jan. 1, the Tax Foundation said.

261
261
article thumbnail

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

article thumbnail

Wait for it

The Reformed Broker

I had a bit of a flashback last night to the year 2000, sitting in my office after hours watching JDS Uniphase collapse on the heels of its conference call after reporting “better than expected” earnings for the quarter. Throughout 2000, techs and telecoms were still making a ton of profit, but it was becoming apparent that they were still coasting on the spend from 1999.

Marketing 130

More Trending

article thumbnail

Why SAP Is Better Than Oracle

Navigator SAP

There are plenty of enterprise resource planning (ERP) software to choose from, leaving you in a pickle deciding between the likes of SAP Business ByDesign versus Odoo. But as you narrow down your choices, you’ll likely end up with two of the top picks: SAP and Oracle.

SAP 130
article thumbnail

Creating A (Just In Case) Game Plan For Clients Facing Layoffs

CFO News Room

With the U.S. economy predicted by many experts to slow down in the near future, many people’s thoughts have turned to the prospect of a recession. And along with those expectations may come concerns for those still in the workforce about the possibility of layoffs, and needing to get by without income for an unknown period of time. Such periods can be fraught with anxiety, since beyond ‘just’ the fear of losing one’s livelihood is the realization that there is little way to control

Planning 130
article thumbnail

Your Song (Is For Sale)

Corporate Finance

Any stream of cash flows can potentially be sold for the present value of its cash flows. And one of the biggest cash flows being sold recently is an artist's song catalog. The owner of a song catalog receives the cash flows from the royalty paid whenever a song is played. It was announced yesterday that Justin Bieber's song catalog was sold for a reported $200 million.

Sales 130
article thumbnail

Musings on Markets: Back in the Classroom: Time to Teach!

CFO News Room

At the start of every semester for as long as I can remember, I have invited people to sit in informally on my classes at NYU or take the shorter online versions on my website. After thirty six years of teaching, you would think I would be jaded, but I am not. As we get ready for the spring, I am excited, perhaps more so than usual, because I hope to finally be in a real classroom, instead of online, for my classes.

Marketing 130
article thumbnail

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.

article thumbnail

How Do Active Managers Invest Their Own Money?

Barry Ritholtz

Fascinating discussion this morning from Robin Powell. He points to a research note from Kings College where the authors surveyed active managers about how they were responding to the shift in favor from active to passive fund management over the past decade or two. But they also asked questions about how these managers invested their own monies. Robin buries the lede in his discussion, but allow me to correct that oversight: “ Active managers invest their own capital passively.” Man

article thumbnail

Rising Use of the Fed’s Discount Window Raises Questions

CFO News Room

In the early days of the COVID pandemic, the Federal Reserve and central banks around the world pulled out all the stops. Policy rates were yanked to Zero Interest Rate Policy (ZIRP) levels, facilities were extended to provide liquidity to firms having difficulty selling securities in the primary and secondary markets, and direct lending to individuals and firms reached never-before-seen levels.

Economics 130
article thumbnail

10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • NYSE Investigates Technical Issue That Caused Wild Market Open : At least 40 S&P 500 stocks were hit with trading halts. NYSE says it’s investigating issues with the opening auction. ( Bloomberg ) • For Tech Companies, Years of Easy Money Yield to Hard Times : Rock-bottom rates were the secret engine fueling $1 billion start-ups and virtual attempts to conquer the physical world.

Treasury 117
article thumbnail

Sunrun, U.S. Bancorp, Alphabet, AT&T and more

CFO News Room

Shoppers shop at AT&T in the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Check out the companies making the biggest moves midday: News Corp , Fox — News Corp rallied 5.4%, while Fox news gained more than 2%, after Rupert Murdoch called off plans to merge the two companies. related investing news AT&T — The telecommunications giant rallied 5.4% after reporting more wireless subscribers than expected for the fourth quarter.

Marketing 130
article thumbnail

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.

article thumbnail

Future Stock Returns

Corporate Finance

As Mark Twain once said, "Prediction is difficult - especially about the future." And while investors would wish otherwise, predictions about the stock market are especially difficult. Many investors will use historical returns as an estimate of future returns. However, the job of an analyst is to make stock market predictions based off additional evidence.

article thumbnail

Maersk and MSC to End 2M Global Shipping Alliance

CFO News Room

The world’s two biggest shipping lines said they would end their vessel-sharing partnership in 2025, a move that would shuffle a lineup of global alliances as demand for trade is weakening. A.P. Moeller-Maersk and Mediterranean Shipping Co. created the so-called 2M alliance in 2015 to help them reduce costs by sharing cargo on major ocean routes. Rivals formed similar partnerships , creating the Ocean Alliance and THE Alliance.

article thumbnail

Clips From Today’s Closing Bell

The Reformed Broker

IBM beats on top line, profits in margin from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

98
article thumbnail

Creating A (Just In Case) Game Plan For Clients Facing Layoffs

Nerd's Eye View

With the U.S. economy predicted by many experts to slow down in the near future, many people’s thoughts have turned to the prospect of a recession. And along with those expectations may come concerns for those still in the workforce about the possibility of layoffs, and needing to get by without income for an unknown period of time. Such periods can be fraught with anxiety, since beyond 'just' the fear of losing one’s livelihood is the realization that there is little way to control

article thumbnail

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.

article thumbnail

Have Central Bank Interventions Repriced Corporate Credit? Part 3

CFA Institute

Is there a Fed put influencing US corporate credit markets?

Banking 83
article thumbnail

Governance in Startups: What can be done

CFO News

The latest incident at GoMechanic.in only leaves us with many open questions for introspection as to how the role players are managing these organization in the context of risk vs. growth, integrity vs compromise, value creation vs. idea dilution etc.

article thumbnail

Mature and measurable zero-trust programme: When will large enterprises have them?

Future CFO

A mature and measurable zero-trust programme might be an enterprise’s goal, but few organisations have actually completed their implementations, said Gartner recently. While zero trust is top of mind for most organisations as a critical strategy to reduce risk, the advisory firm predicted that only 10% of large enterprises will have a mature and measurable zero-trust programme in place by 2026, up from less than 1% today.

article thumbnail

Adani Group weighs “punitive action” against Hidenburg Research

CFO News

The Hidenburg Research report, according to Adani, was an “intentional and reckless attempt by a foreign entity to mislead the investor community and the general public, undermine the goodwill and reputation of the Adani Group and its leaders, and sabotage the Follow-on Public Offering from Adani Enterprises”

52
article thumbnail

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.

article thumbnail

Your Song (Is For Sale)

Essentials of Corporate Finance

Any stream of cash flows can potentially be sold for the present value of its cash flows. And one of the biggest cash flows being sold recently is an artist's song catalog. The owner of a song catalog receives the cash flows from the royalty paid whenever a song is played. It was announced yesterday that Justin Bieber's song catalog was sold for a reported $200 million.

Sales 52
article thumbnail

IBM cuts 3,900 jobs, misses annual cash target

CFO News

Chief Financial Officer James Kavanaugh told Reuters that the company was still "committed to hiring for client-facing research and development" The layoffs - related to the spinoff of its Kyndryl business and a part of AI unit Watson Health - will cause a $300 million charge in the January-March period, IBM said.

52
article thumbnail

IRR vs. XIRR: What's the difference? When do I use them?

Cube Software

va IRR (Internal Rate of Return) and XIRR (Extended Internal Rate of Return) are both financial metrics used to measure the profitability of an investment.

article thumbnail

ED against plan to decriminalise PMLA provisions, says move will blunt its powers

CFO News

Finance minister Nirmala Sitharaman in 2020 mentioned the government's intent to decriminalise the PMLA. "We do not want a law which is going to treat every business house with suspicion. That is not the intent of this government," she had said.

article thumbnail

Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.