Mon.Jan 29, 2024

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Vertical analysis: a deep dive into financial statement evaluation

Cube Software

Revisiting vertical analysis in financial statements Financial analysis can get pretty complex. As it gets more intricate, figuring out which data really matters—and what's just noise or not relevant to your company’s goals—can be tricky.

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TIAA sues SVB ex-CEO, ex-CFO to recoup investment losses

CFO Dive

The conduct of Silicon Valley Bank’s former leaders has come under heavy fire since its collapse last year, which marked the largest banking failure seen since 2008.

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Trending Sources

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Setback for HUL, Nestle, Patanjali and others as HC upholds anti-profiteering provisions under GST

CFO News

The Delhi High Court has upheld the constitutional validity of anti-profiteering provisions under the Goods and Services Tax (GST) framework. Over 50 top companies, including Hindustan Unilever, Abbott, Johnson & Johnson, and Nestle, had challenged these measures. The court stated that the provisions are a consumer welfare measure and do not violate constitutional provisions.

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Aon pays $1.5M SEC penalty over key return rate discrepancies

CFO Dive

The Pennsylvania pension fund staff repeatedly raised questions about Aon’s return rate calculations, noting a 37 basis point discrepancy, the SEC found.

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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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How CFOs and businesses should mitigate cybersecurity risks in 2024

Future CFO

CFOs and businesses should expect higher cybersecurity risks in 2024 such as more large-scale cyberattacks on supply chains and critical infrastructure, said Kaspersky recently. Utilising AI , cyberattacks are expected to exponentially increase in frequency and intensity as well, said Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky.

More Trending

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Advisors Are Becoming Better (Not “Faster”) With Advances In #AdvisorTech

Nerd's Eye View

For financial advisors, the promise of technology has always been to help advisors better leverage their time to grow their business. One possible way to do this is to use the time savings of technology to serve a higher number of clients. However, another approach advisors can take is to use their technology to do more – and better – work for the same number of clients while earning higher fees for the higher-value services they provide.

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Southwest Airlines to spend $1.7B on tech, cloud migration this year

CFO Dive

The commercial carrier has shifted just under half of its tech estate to cloud, President and CEO Bob Jordan said Thursday.

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India poised for sustained brisk growth in coming years despite external headwinds: Finance ministry review

CFO News

The finance ministry believes that India will experience sustained brisk growth in the coming years due to structural reforms and approaches the 'Amrit Kaal' with confidence in overcoming challenges. The country has achieved inclusive development, lower unemployment, and moderate inflation under the Modi regime. The review highlights India's economic resilience and strength, achieving over 7% growth for three consecutive years despite global economic struggles.

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Effective cash flow analysis: top 7 tips for financial growth

Cube Software

What is cash flow analysis? Cash flow analysis reviews a company's inflow and outflow of cash, assessing its ability to maintain adequate cash for operations and growth.

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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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Ranjan Pai may put $50-60 million more to grow Byju’s Aakash

CFO News

Manipal chief Ranjan Pai will invest the new tranche of capital sooner in Aakash ahead of key student enrolment season, people aware of the discussions said. Sources at Aakash also said the coaching unit will require additional investment from Pai for it to be able to run operations and scale the business during the next few months when students enroll in these centre.

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RWM is Coming to Naples, Florida!

Barry Ritholtz

Exciting news! In a few weeks, we are heading down to Naples, Florida, where we just launched a new office! Everybody knows what a fun city Miami is, but I am a big fan of the underappreciated gem that is the Gulf Coast of Florida. When the opportunity to partner with Adam Day, CFP in Naples came along, we jumped on it. Michael Batnick and are coming down with some of our colleagues on March 4th-6th.

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RBI opts not to sterilise some rupee liquidity amid positive foreign flows

CFO News

However, the direction of equity gauges would determine the efficacy - and longevity - of the plan. The gauges turned negative in January after two months of purchases. However, foreign inflows into bond markets remain positive this month.

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969: The Human Equation in Finance | Elizabeth Mann, CFO, Verisk

CFO Thought Leader

Elizabeth Mann began her career as a mathematician in academia, spending a decade in the field. Her initial plan had been to become a professor, on a path that would start with a Ph.D. and a postdoc. However, something was missing. Eager to engage more directly with the world at large, she pivoted her career toward finance. Mann found a door of entry at Goldman Sachs, where after initially filling a quantitative role involving complex financing structures she subsequently transitioned to investm

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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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Use of tech, digital platforms common thread in reforms

CFO News

India's world-class digital public infrastructure (DPI), known as the India Stack, enables online, paperless, and cashless digital access, improving financial inclusion, transaction efficiency, and economic opportunities. The India Stack, consisting of Aadhaar, Unified Payments Interface (UPI), and account aggregator, creates digital identities, facilitates access to finance, reduces transaction costs, and improves tax collection.

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Centre names Anil Kumar Lahoti as the new TRAI chairman

CFO News

Amongst the top most on the agenda of Trai will be to give pricing and other details for administratively allocating spectrum to satcom players – after the telecom department sends a reference - which could be done only when a chairman was in place.

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Pixxel appoints former Maxar executive William McCombe as CFO

CFO News

He joins Pixxel with extensive experience as a Chief Financial Officer at various space and technology hardware companies, most notably Maxar, the largest US space imaging company and Velo3D, an industry leader in metal 3D printing systems for aerospace, defence and other industries.

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Expand tax base to boost finances of Centre, States: FinMin Review

CFO News

India needs to expand its tax base to strengthen the finances of the union and state governments, according to a review of the economy by the finance ministry's economic division. The review cited taxation reforms in the last decade, which have reduced the tax burden on corporations and individuals and removed distortionary incentives.

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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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Critical sectors may be asked to have a common cyber crisis management plan

CFO News

These organisations may have to undertake “mandatory internal and external information security audits” and report the findings of these audits to their respective sectoral regulator, as per the proposed national cybersecurity reference framework.

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Govt, RBI measures have kept inflation in 2-6% range: Finance minister

CFO News

The Indian economy remains resilient amid global challenges due to robust domestic demand, investment-led strategies, and macro-economic stability, according to a review by the finance ministry. Inflation has been kept within a 2-6% band through government and RBI measures. The report warns of external sector risks from sticky inflation, sluggish global growth, and fiscal pressures, particularly highlighting tensions in the Red Sea and increased shipping costs.

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Budget 2024: Buoyant tax revenues and expenditure rationalisation to help keep fiscal deficit target of 5.3% in FY25, HSBC says

CFO News

Interim Budget: HSBC expects the central government to set a fiscal deficit target of 5.3% of GDP in FY25, with buoyant tax revenues and cuts in current expenditure. The government plans to bring the fiscal deficit down to 4.5% of GDP by FY26. Despite higher subsidy spending, the government is likely to meet the fiscal deficit target of 5.9% set for FY24 due to higher tax buoyancy.

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Budget 2024: Govt likely to maintain capex momentum in FY25

CFO News

Union budget 2024: The government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, in the upcoming Budget to drive economic growth. The government has allocated a record high of Rs 10 lakh crore for capex during the current financial year, with a consistent increase. The upcoming Budget is expected to allocate a substantial amount for capital expenditure, as it has a multiplier effect on the economy and attracts private investment.

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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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Budget 2024: CDIT industry demands reduction in GST, expansion of PLI & infra development

CFO News

The industry also hopes for reduced taxes to alleviate financial burdens, and relaxation of compliance requirements to streamline operations.

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Govt borrowings via a single bond top Rs 2-lakh crore

CFO News

After its last auction in the primary market on January 19, the outstanding amount on a bond maturing in 2063, has risen to ₹2.04 lakh crore, Reserve Bank of India (RBI) data showed. The outstanding amount refers to the amount the government has borrowed by issuing a bond.

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