Tue.Jun 13, 2023

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The International CFO Alliance: A Global Initiative to Elevate the CFO Profession

CFO Talks

Written by staff writer In an exciting development for CFO leaders worldwide, the International CFO Alliance held its inaugural meeting in Tunisia on June 9, 2023. This milestone event, hosted by Tunisia’s local CFO association, COGEREF, brought together CFO leaders from 15 associations spanning Northern and Southern Africa, Europe, and Central America.

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Generative AI revenues projected to reach $36B by 2028

CFO Dive

The nascent generative AI market is poised for rapid growth in coming years, with total revenues projected to increase tenfold by 2028, S&P Global Market Intelligence says.

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Trending Sources

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Joint Audit may increase risks; no evidence that it improves audit quality says BSR Head

CFO News

Sudhir Soni says there is also a risk of something slipping through the cracks as in a joint audit responsibility gets divided and allocation of work may get missed.

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Chico’s promotes senior finance exec to CFO seat

CFO Dive

As Patrick Guido moves on to “another opportunity,” former interim CFO and current chief accounting officer David Oliver takes the financial helm.

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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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No modifications can be called for after approval of the Resolution Plan of the CoC: NCLAT

CFO News

On June 13, Tuesday, NCLAT held that subsequent to the approval of the Resolution Plan of the CoC and before the approval by the Adjudicating Authority, no modifications alterations can be called for as IBC isa time bound process.

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#FA Success Ep 337: Becoming An ‘Accidental’ Entrepreneur When Independence Isn’t Chosen But Forced By Circumstance, With Danika Waddell

Nerd's Eye View

Welcome back to the 337th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Danika Waddell. Danika is the President and Founder for Xena Financial Planning, a virtual advisory firm that advises 40 client households of women in tech and supports more than $275K of ongoing revenue. What's unique about Danika’s path, though, is how, she launched her own independent RIA not out of a desire to be an entrepreneurial business owner, but because an IAR registration

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Newly-minted Bloomreach CFO keeps eye on ROI

CFO Dive

Demonstrating a clear, immediate ROI can help tech companies stay on a path to growth.

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ZEE-Sony deal: I-T dept plans to challenge ITAT ruling

CFO News

In March, the Income Tax Appellate Tribunal (ITAT), while allowing a plea filed by ZEE’s step-down subsidiary, observed it has no permanent establishment, thus entitling it to avail the treaty benefit applicable under the Double Taxation Avoidance Agreement (DTAA).

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As software migrates to cloud, IT spending waste follows

CFO Dive

Enterprise technology asset managers are shifting their focus from desktops and data centers to containers and cloud, as SaaS solutions proliferate.

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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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EY boss resigns after UK audit firm's split plan fails

CFO News

Carmine Di Sibio, who has headed the group since 2019, was supposed to oversee the break-up until the end of his mandate in 2025 but the project was rejected by its US branch in April.

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U.S. inflation continued sliding lower in May, falling to 4.0% year-over-year

Tips Watch

Core inflation, however, remains stubbornly high at 5.3%. By David Enna, Tipswatch.com The May inflation report, just released by the Bureau of Labor Statistics, brought some welcome news with seasonally-adjusted prices rising just 0.1% for the month and 4.

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Future Proof 2023: Agenda is Now Live!

The Reformed Broker

MAJOR @FutureProofAC ANNOUNCEMENTS Agenda is live, boardwalk is 2X the size, 80+ confirmed speakers, 30+ special events, and a glimpse at who’s attending! Get $200 off Advisor passes, and 10% off Industry passes when you register before 6/23! See ya there!… pic.twitter.com/pEMTCW0LeB — The Compound (@TheCompoundNews) June 13, 2023 Today we announced the agenda for Future Proof Festival 2023!

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Top 10 questions of entrepreneurs when selling their company

One to One

You’ve probably seen many lists of the top 10 questions of entrepreneurs when selling their company, but maybe you haven’t found the answers you really needed. The decision to sell involves financial, emotional and strategic considerations. Read More. The post Top 10 questions of entrepreneurs when selling their company appeared first on ONEtoONE Corporate Finance.

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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.

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The Chase Is On

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Technical Bull Market – “S&P 500 up 20% from October 2022 low” ►The Chase is On – “Investors haven’t been this bullish since November 2021″ ►Recession Fears Fade – The post The Chase Is On appeared first on The Reformed Broker.

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FCF Interest & Corporate Loan Monitor Q1/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF Interest & Corporate Loan Monitor Q1/2023”. FCF regularly conducts comprehensive research regarding the German corporate loan and interest market, based on publically available. Read more The post FCF Interest & Corporate Loan Monitor Q1/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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3 Ways to Use Power BI To Make the Most Of Nonprofit Data

Collectiv

Nonprofit organizations are essential for our communities, yet they’re often underfunded. As a result, teams need to use every dollar and minute they have strategically. This is a lofty goal when you consider the need to grow the organization, nail down logistics, and maintain a strong connection with your community. Data analysis is a treasure trove for non-profits.

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907: Leaning In to Operations | Rick Rosenthal, CFO, CLARA Analytics

CFO Thought Leader

Rick Rosenthal had been working as an investment analyst at Bear Stearns for some 3 years when the bank became a casualty of the subprime mortgage crisis. He remembers sitting in front of his Bloomberg terminal in March 2008 and watching a news conference at which a Wall Street expert was assuring viewers that Bear Stearns was a solid company—just as the bank’s stock began to plummet.

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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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India's disinflation process to be slow and protracted: RBI Governor Shaktikanta Das

CFO News

The disinflation process in India will be slow and protracted, with the 4 per cnet inflation target likely to be met only over the medium term, Reserve Bank of India (RBI) Governor Shaktikanta Das said at the Summer Meetings organised by Central Banking, London, UK. Latest data showed India's annual retail inflation cooled to 4.25% in May from 4.

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CFOs: Have your organisation prioritised cyber resilience?

Future CFO

Is cyber resilience a priority of your organisation? According to IDC 2022 Future Enterprise Resiliency and Spending Survey, 65% of enterprises in the Asia Pacific experienced ransomware attacks or breaches that blocked systems or data access, with 83% of compromised businesses suffering downtime and business disruptions ranging from a few days to several weeks.

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India's wholesale price inflation contracts 3.48% in May

CFO News

“Decline in the rate of inflation in May, 2023 is primarily contributed by fall in prices of mineral oils, basic metals, food products, textiles, non-food articles, crude petroleum & natural gas, and chemical & chemical products,” a government press release stated.

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3 Ways to Buy Bitcoin Safely Now

Financial Analyst Insider

You can buy Bitcoin with cash through ATMs or by meeting a seller in person, but those methods are only available to certain people. If The post 3 Ways to Buy Bitcoin Safely Now appeared first on Financial Analyst Insider.

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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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Vodafone Idea revival plan led by Rs 14,000 crore equity infusion

CFO News

Vodafone Idea is planning to infuse a total equity of Rs 14,000 crore, with Aditya Birla Group and UK's Vodafone Group contributing half of the amount, as part of its business revival plan. ABG and Vodafone Group are expected to invest Rs 2,000 crore as fresh equity while working to raise another Rs 7,000 crore from external investors.

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FCF Interest & Corporate Loan Monitor Q1/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF Interest & Corporate Loan Monitor Q1/2023”. FCF regularly conducts comprehensive research regarding the German corporate loan and interest market, based on publically available. Read more The post FCF Interest & Corporate Loan Monitor Q1/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Banks may see compressed margins this year

CFO News

Rating agencies are forecasting a fall in net interest margins (NIMs) for Indian banks of 10-20 basis points to 3.0-3.1% in the current fiscal year, due to rising deposit costs. However, the growth of non-performing loans could eventually increase profits the following year. Icra suggested that while this year's loan growth is likely to slow, adding higher interest rates may help to create the second-highest increase on record; in contrast, the banking system would see upward pressure on deposit

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All about the chart of accounts

Spreadym

The chart of accounts is a systematic listing of all the financial accounts used by an organization. It serves as a framework for organizing and classifying financial transactions, providing a standardized structure for recording and reporting financial information. In the chart of accounts, each account is assigned a unique code or number and is categorized into various groups or categories.

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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.