Tue.Apr 11, 2023

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Importance of employment opportunities in today's global economy, explains expert

CFO News

In order to create jobs, both businesses and governments must play an important role. How can the government and industry help create more jobs?

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Berkshire Hathaway veterans take Pilot’s CFO, CEO seats

CFO Dive

Just under three months after Warren Buffet’s firm became the travel center giant’s majority owner, longtime Berkshire Hathaway executives are taking the helm at Pilot.

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Trending Sources

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The changing paradigm of CFOs role in the new normal

CFO News

CFOs in the present time need to take the lead in bridging the gaps between business functions and ensure that the entire business is aligned in working towards the same strategic goal.

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To drive digital transformation, ‘getting the data right’ is key

CFO Dive

Putting data skills and governance front and center for both leaders and employees is essential for CFOs to make digital transformation headway.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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10 Tuesday AM Reads

Barry Ritholtz

My Two-for-Tuesday morning train WFH reads: • Stock Pickers Failed to Take Part in First-Quarter Rally : Bearish positioning, less exposure to big tech stocks hurt active fund managers. ( Wall Street Journal ) see also Take ‘Potential Winners’ With a Grain of Salt : Investment fads are nothing new, as the Salton Sea’s mid-century boom-turned-bust shows—a timeless lesson. ( Fisher Investments ) • Bond Market Is Overplaying the Risk of a Deep Recession : Trading in other major markets suggests a p

More Trending

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Political donations to evade tax under I-T scanner

CFO News

The first leg of the transaction where money was donated by cheque or electronic transfers with the donor receiving a receipt from the political party would come across as legitimate donation. It allowed donors to reduce their taxable incomes by claiming full deduction of the amounts in their Income tax (I-T) returns.

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Ledge seizes on SVB crisis with multi-bank offering

CFO Dive

The Israeli finance tech startup decided to expedite the rollout of its new treasury management tool after the collapse of Silicon Valley Bank.

Banking 248
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Key Insights from the IMF Global Financial Stability Report

E78 Partners

Today’s global financial landscape is fraught with high inflation, geopolitical risks, and a shifting economic environment. These factors have tested the resilience of the financial system and posed significant challenges for corporate financial leaders. Released April 11, 2023 – we’ll explore the key points from the International Monetary Fund’s (IMF) Global Financial Stability Report and discuss the challenges, solutions, and results corporate leaders can achieve by und

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Ex-Twitter CEO, CFO’s suit may find Delaware law favorable

CFO Dive

Chancery Court has a history favoring bylaw provisions requiring companies to pay executives’ legal costs even when they no longer work for the company.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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889: Whetting Wall Street’s Tech Appetite | Ben Chrnelich, CFO, Symphony

CFO Thought Leader

When Ben Chrnelich tells us that the banking sector’s recent unrest is the third period of disruption that he’s “cycled through” during his finance career, we can’t help but wonder about the other two. Of course, they are hardly a secret. As did that of many of his CFO peers, Chrnelich’s early career appears to have weathered no shortage of economic hijinks, thanks to the dotcom bubble (2002) and Wall Street’s subprime mortgage crisis (2008).

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Crisis and resilience: Organisations overestimate preparedness for disruption

Future CFO

When it comes to crisis and resilience, organisations and business leaders overestimate their preparedness for disruption, said PwC recently. According to the company’s bi-annual Global Crisis and Resilience Survey with data from 1,812 respondents worldwide, 89% of respondents indicated that resilience is one of their most important strategic organisational priorities.

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EY calls off plan to split audit, consulting units

CFO News

The company had announced plans for the split in September, setting the stage for what could have been the biggest shake-up in the sector in more than two decades. The London-based firm, which is one of the Big Four accounting giants, said the split could ease regulatory concerns over potential conflicts of interest.

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What To Expect During the Equipment Financing Process

Commercial Credit Group

You've decided that you need to purchase a new piece of revenue-producing equipment. Depending on the industry in which you work, this could be a truck, an excavator, a vacuum truck, or a machining center. Basically, any type of revenue producing equipment that will help you earn more money.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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IMF cuts India's FY24 GDP forecast to 5.9%

CFO News

“Over the medium term, the prospects for growth now seem dimmer than in decades,” the IMF said in its flagship World Economic Outlook, lowering the global growth forecast for 2023 to 2.8% from 2.9% estimated earlier and sharply lower than the 3.4% expansion in 2022.

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#FA Success Ep 328: Turning Senior Housing Guidance From A Non-Discretionary Value-Add To A Pay-For-Value Service, With Thomas West

Nerd's Eye View

Welcome back to the 328th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Thomas West. Thomas is a Senior Partner for Signature Estate & Investment Advisors, an independent RIA based in Los Angeles, California, that oversees nearly $16 billion in assets under management, with $570 million of those assets being managed by Thomas' practice that serves more than 250 client households.

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Reliance Industries Ltd readies $2.4-3 billion InvIT for retail warehousing assets

CFO News

Reliance Industries Ltd is planning to implement an infrastructure investment trust (InvIT) to unlock value in its warehousing and logistics assets through Reliance Retail. The retail company has already created a trust called Intelligent Supply Chain Infrastructure Trust which will be used to house the warehousing assets to be monetised. The InvIT will either be listed or privately placed with at least five shareholders under SEBI norms.

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The Importance of Customer Feedback on the Product Roadmap

Centage

Successful business owners know that customer support is crucial to achieving your goals. So it’s no surprise that customer feedback is one of the most valuable tools in a company’s product development arsenal. Not only can your buyers provide commentary on your products and services, but they can also suggest opportunities for improvement, helping you correct weaknesses before they impact your bottom line.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Centre likely to go slow on airport privatisation plan

CFO News

Different arms of government are debating over the modalities of the sale as it is felt that there may not be aggressive bidding because of the stretched finances of airport companies, they said. "It's unlikely that there will be any decision before the elections as fixing the bidding process, pre-bid consultations and other steps take at least 150 days," one of the people said.

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Using AI to Help Drive the Investment Process | Ben Chrnelich, CFO, Symphony

CFO Thought Leader

CFO GUEST: Ben Chrnelich of Symphony CFOTL: Since the start of the year, chat GPT is everywhere, it seems, and it’s impacting everything. Can you tell us within your organization, whether it’s been part of the discussion whether whether people have come to you, and you’ve been surprised at the different conference tables, it’s been brought up and explored or talked about, I think you can share with us, Chrnelich: Whether it was a good perspective on our part, or pure luc

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India set to play key role in global supply chains: FM Nirmala Sitharaman

CFO News

Sitharaman said the country met requirements of a "fair and transparent" economy, and with an increasing number of multinational companies diversifying their sourcing base, it was well-placed to become a more important part of global supply chains.

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Transcript: Aswath Damodaran

Barry Ritholtz

 The transcript from this week’s, MiB: Aswath Damodaran: Valuations, Narratives & Academia , is below. You can stream and download our full conversation, including any podcast extras, on Apple , Stitcher , Spotify , Google and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Karnataka: I-T dept detects Rs 1k cr bogus expenditure after raids on co-op banks

CFO News

The CBDT said in a statement that cash of more than Rs 3.3 crore and jewellery worth Rs 2 crore was seized during the searches. The Central Board of Direct Taxes (CBDT) is the administrative body for the I-T department. "The seized evidences revealed that these cooperative banks were involved in rampantly discounting bearer cheques issued by various business entities, in the name of various fictitious non-existing entities" the CBDT said.

Banking 52
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HDFC Bank to raise $6 billion in debt over next 1 year

CFO News

The proposed fund raise would be by issuing perpetual debt instruments, or Additional Tier-1 (AT-1) bonds, Tier-II capital bonds and long-term bonds, the bank said in an exchange filing. The fund raising will be on a private placement basis, it said.

Banking 52
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Adani Enterprises incorporates subsidiary Pelma Collieries

CFO News

"The company has incorporated a WOS (Wholly-Owned Subsidiary) Pelma Collieries Ltd (PCL) on April 7, with an initial authorised share capital of Rs 10,00,000 and paid-up share capital of Rs 5,00,000," it said in a regulatory filing.

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Lenders of Reliance Capital fix April 26 as new date for second auction

CFO News

The major concern of the bidders is the compliance of the resolution plan with the Insolvency and Bankruptcy Code (IBC) and Request for Resolution Plan (RFRP) guidelines. In the first round of the auction, the Hinduja Group firm submitted the bid post-auction date.

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Planning Your Restaurant's 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.