Wed.Jan 25, 2023

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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.

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How to Work with Your Unionizing Employees

CFO News Room

For decades, when companies learned their employees were considering unionizing, they followed a familiar playbook: do everything possible to fight and frustrate the unionization effort. Leaders often take a union drive personally, and see unions as a threat, failing to see the legitimacy of workers’ demands. But right now, with a tight labor market and rising worker organizing, companies should reconsider this approach, and opt for ones that lead to better outcomes for both workers and employer

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Trending Sources

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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.

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How to Make Money Without a Job

CFO News Room

Are you trying to win the Mega Millions, but your numbers never seem to come up? It may be time to look for better ways to make money. Fortunately, you can earn extra cash without going and getting a “real job.” What are the best ways to avoid sitting in a cubicle all day? Some money-making strategies require an upfront investment, while others let you earn money in your free time with the help of apps.

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Planning Your Restaurants Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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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.

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More Trending

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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.

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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.

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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.

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The Latest Anti-Covid Nasal Spray Vaccine Science

CFO News Room

By Lambert Strether of Corrente. As readers know, I stan for Covid nasal sprays, whether as prophylactics or vaccines (see here and here , plus many mentions in Links and Water Cooler). So I figured it was time for another look, because “science is popping.” I should say right away that the headline is a bit deceptive. The elephant in the room is that India’s Bharat Biotech, a major contract vaccine manufacturer, will be launching its own nasal vaccine, iNCOVACC (BBV154), tomorrow, January 26 ,

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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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.

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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.

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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

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TikTok Is Bad, but WeChat Is Worse

CFO News Room

WeChat is the most popular communications platform in the world for Chinese speakers. It’s also a preferred vehicle for China’s Communist Party to steal data, censor, propagandize and spread disinformation in the U.S., where the app has an average of 19 million daily users. Congress banned the use of TikTok on government devices recently, and the Biden administration is reportedly seeking to go further by, for instance, limiting access to user data to mitigate the app’s dangers.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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.

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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.

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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.

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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

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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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.

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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.

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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”

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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.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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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.

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The 9+ Best OnPlan Alternatives and Competitors [for 2023]

Cube Software

OnPlan is a budgeting, planning, and forecasting software solution that helps businesses create financial models and manage the financial planning and analysis ( FP&A ) process.

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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.

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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.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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UN predicts India growth to moderate to 5.8% in 2023

CFO News

"Economic growth in India is projected to moderate in 2023, with higher interest rates weighing on investment and slower global growth weakening exports," the UN said.

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Have Central Bank Interventions Repriced Corporate Credit? Part 3

CFA Institute

Is there a Fed put influencing US corporate credit markets?

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Rising inflation is the top concern for Indians, says pre-Budget survey

CFO News

Also one in four Indians is concerned about the threat of job layoff, higher in the affluent, older and salaried classes. With rising healthcare costs, compounded by rising inflation concerns impacting household incomes, increase in rebate on medical/ health insurance is the next big ask among the consumers at 45%.