Wed.Apr 12, 2023

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6 ways strategic workforce planning drives long-term value

Jedox Finance

Talent is out there, but it is hard to attract and retain. When focusing on growth ambitions, organizations must consider the variables that affect hiring and deploying a high-performing workforce, including economic uncertainty, talent shortages, and hybridized workplaces. For example, according to the EY 2022 Work Reimagined Survey, 80% of employees prefer to work remotely at least two days per week. 1 As organizations emerge from the COVID-19 pandemic and forge the workplace of the future, th

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EY split hits wall

CFO Dive

Back in September, the Big Four accounting firm announced plans to split its auditing and consulting arms into two entities. Now, ‘Project Everest’ has been halted.

Auditing 269
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CPI = 5.0% (Time to Stop Raising Rates)

Barry Ritholtz

U.S. Bureau of Labor Statistics: The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in March on a seasonally-adjusted basis, after increasing 0.4 percent in February. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment. ( April 2023 ) As much as I want to jump up and down about 0.1% seasonally adjusted (after a 0.4% prior month), the big number is not so big: 5.0% A 5 handle is a huge development, even with the core remaining sligh

Numbers 140
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How to pull off an amicable ‘business divorce’

CFO Dive

The halted Ernst & Young split highlights some of the challenges that all firms face when long-term business partners go their separate ways.

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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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Is SAP HANA an ERP?

Navigator SAP

SAP S4 HANA Cloud is a next-generation ERP package integrating management functions and helping businesses and organizations achieve their digital transformation objectives while keeping pace with an increasingly digitized economy. The system is an ERP software platform that integrates varied and complex data sets of any size with real-time analysis to provide expedited decision-making and precise insights into organizational performance and projections.

SAP 130

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How Different Monte Carlo Models Perform In The Real World: Assessing Quality Of Predictiveness In Retirement Income Forecasting Models

Nerd's Eye View

When planning for retirement, it’s effectively impossible to precisely forecast the performance and timing of future investment returns, which in turn makes it challenging to accurately predict a plan’s success or failure. And while Monte Carlo simulations have made it possible for advisors to create retirement projections that seem to have a reasonable basis in math and data, there has been limited research as to whether Monte Carlo models really perform as advertised – in oth

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Bombardier alum to replace retiring Air Canada CFO

CFO Dive

Air Canada CFO Amos Kazzaz, set to retire at the end of June, will be replaced by Bombardier alum John Di Bert.

CFO 257
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March inflation report sets I Bond’s new variable rate at 3.38%

Tips Watch

Annual U.S. inflation fell to 5.0% in March, but core inflation rose to 5.6%. By David Enna, Tipswatch.com The just-released U.S. inflation report for March sets the new inflation-adjusted rate for U.S. Series I Savings Bonds at 3.

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Operationalising finance in the cloud

Future CFO

Indonesia is the largest archipelago in the world to form a single state and consists of five main islands and 30 smaller archipelagos, totalling 18,110 islands and islets of which about 6,000 are inhabited. The AC Ventures report, Logistics Landscape in Indonesia , noted that the traditional supply chain in Indonesia is typically comprised of multiple layers prior to reaching retail and/or end customers (see Figure one).

Finance 98
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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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Is the 60/40 Portfolio Still Relevant?

CFA Institute

How do portfolios with asset allocations of 100% equity, 100% bond, 60/40, and 80/20 in the US, UK, Italian, Swiss, and global markets perform over time?

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IFA partners with White Oak to offer SME finance support

Accountancy Today

The Institute of Financial Accountants (IFA) has announced a new partnership to provide capital support for SMEs. The professional accountancy membership body has partnered with White Oak, one of the largest FCA regulated non-bank lenders in the UK. The agreement will enable IFA members – SME accountants – to support their clients with access to non-traditional routes of funding through White Oak’s portfolio of lending products.

Finance 52
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Kotak Bank, TCS, HUL to get new CEOs soon. Will it impact stock prices?

CFO News

The global brokerage firm analysed 72 CEO transitions over the last five years among large listed companies and found that in 53% of the cases, stock price trends did not change around CEO transition but external hires seem to have made a positive difference in stock price trends in many cases.

Banking 52
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Insolvencies in Asia Pacific to hike by 5% next year

Future CFO

Insolvencies in Asia Pacific are set to hike by 12% and 5% this year and next, said Allianz Trade recently. According to the firm, China succeeded in keeping the official number of business insolvencies under control in 2022 (-13% y/y to 7,530 cases) despite a challenging year with multiple lockdowns and a large number of major failures. However, business insolvencies in Asia Pacific should see a moderate increase over the next two years (+4% in 2023 and +5% in 2024) as the reopening has not era

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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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Sebi celebrates 35th foundation day; unveils new logo

CFO News

Capital markets regulator Sebi on Wednesday unveiled a new logo on the occasion of its 35th foundation day. The logo was unveiled in the presence of former Chairmen, former and present Whole Time Members of the regulator, Sebi said in a statement.

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FCF Bank Monitor – Q1 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q1 2023”. FCF regularly engages in research on the banking sector based on available data from the most active and. Read more The post FCF Bank Monitor – Q1 2023 published appeared first on FCF Fox Corporate Finance GmbH.

Banking 52
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Several foreign companies get tax notices on India investments

CFO News

The section deals with the reopening of assessments, if tax authorities have a reason to believe that income chargeable to tax has escaped assessment. The assessee is given a chance to discuss the issue with the assessing officer. No further action is initiated if a satisfactory response is given by the assessee and a reassessment is carried out only in the absence of a response altogether or an unsatisfactory one, another official said.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • The Super Rich Are Worried. Should You Be? We human beings act irrationally, which makes for bursts of creativity in the arts and, yes, even on Wall Street, but inevitably precipitates overexuberance in capital markets and bank runs. It also means that there is probably some limit on the marginal utility of incremental units of regulation, I suppose.

Valuation 111
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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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Need to address growing debt distress across the globe, says FM Sitharaman

CFO News

​​Sitharaman made the remarks at a Global Sovereign Debt Roundtable meeting which was also attended by IMF Managing Director Kristalina Georgieva and World Bank President David Malpass on the sidelines of the Spring Meetings 2023.

Banking 52
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EY decision to junk split lifts cloud over India Ops

CFO News

Following the receipt of the email, the 600+ partners were left disappointed, as the windfall they had been eagerly anticipating following the listing of the advisory business and settlement of the audit business would no longer materialise. In comparison to other regions, the India partnership had negotiated a much more favourable deal, and most partners were expecting significant payouts.

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Vedanta-Foxconn's chip making ambitions have hit a speed bump

CFO News

Deal stalled over technology transfer, duration of partnership and investment issues

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Fed stresses vigilance on credit as rate views scaled back

CFO News

The minutes back up Chair Jerome Powell’s remarks during his post-meeting press conference that the decision to hike rates was broadly supported by his colleagues, with all officials backing such a move. At the same time, the release indicates policymakers were less than fully committed to another move in May.

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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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IIP data: India's industrial output rises 5.6% in February

CFO News

For the 11-month period from April 2022 to February 2023, industrial output registered a growth of 5.5%. Separate data released today showed India's annual retail inflation eased to 5.66% in March from 6.44% the previous month.

Retail 52
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India's economic growth projected to decelerate to 6% in 2023 from 6.6% in 2022: UN

CFO News

India's economic growth is projected to decelerate to 6 per cent in 2023 from 6.6 per cent in 2022, according to the United Nations.The UN Trade and Development Conference (UNCTAD) in its latest Trade and Development Report Update released Wednesday expects global growth in 2023 to drop to 2.1%, compared to the 2.2% projected in September 2022, assuming the financial fallout from higher interest rates is contained to the bank runs and bailouts of the first quarter.

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Indian Oil & US-based LanzaJet to set up India's first green aviation fuel firm

CFO News

The proposed venture will set up a plant to make SAF with alcohol-to-jet technology at the state-run company’s Panipat refinery in Haryana at a cost of Rs 3,000 crore, they said.

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Demand for cybersecurity experts defies slowdown in tech hiring

CFO News

Data show a 70% increase in security roles this year vs last; salaries up 15-25%

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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.