Wed.Dec 21, 2022

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Companies hunt for ‘wartime’ finance generals

CFO Dive

On the eve of a possible recession, companies are seeking out “wartime generals” who can better lead the advance across hazardous economic terrain.

Finance 278
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Consumer Confidence Rose and Inflation Expectations Fell in December

CFO News Room

The Consumer Confidence Index from The Conference Board rose in December following two consecutive declines. The composite index increased by 6.9 points, or 6.8 percent, to 108.3 (see first chart). The index is down 6.0 percent from December 2021 and 16.0 percent from the recent peak of 128.9 in June 2021. Both major components of the consumer confidence index improved in December.

Economics 130
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CFOs must still run tight ships in ‘23: S&P Global’s finance chief

CFO Dive

With 2023 poised to be a transitional year, CFOs need to run tight ships while still making sure their businesses are ready to seize opportunities when markets turn.

Finance 264
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Rite Aid, Nike, Six Flags and more

CFO News Room

Vehicles sit parked outside of a Rite Aid Corp. store. Luke Sharrett | Bloomberg | Getty Images. Check out the companies making headlines in midday trading. Rite Aid — Shares of Rite Aid dropped nearly 14% in midday trading after the pharmacy operator reported a quarterly loss, though a smaller-than-expected one, and lowered its full-year financial guidance citing seasonal markdowns among other issues. related investing news.

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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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How Gen-Z’s appetite for change can help employers

CFO Dive

As economic uncertainty persists, organizations can look to Gen-Z as a vehicle toward the change they need.

Economics 311

More Trending

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CFOs in 2023 plan to keep pay raises below inflation: Fed

CFO Dive

CFOs are pessimistic about the economic outlook but predict slightly higher growth next year than Federal Reserve estimates.

Planning 289
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Chicago News Is Nothing but Crime

CFO News Room

I’m a news junkie, but the time has come for me to cut back. The first and best place to do so, I have decided, is local television news. It’s altogether too depressing, especially the nightly version that I usually watch before bed. In Chicago, where I live, most of each broadcast is given over to murders, carjackings, hit-and-runs, and interviews with grieving family members of the victims of these crimes.

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The Six Stages of Asset Bubbles: The Crypto Crash

CFA Institute

Investors can protect themselves from the next bubble by recognizing the trajectory that most follow.

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Wrap 2022: Here’s the list of top 5 most discussed CFO resignations

CFO News

From the curious case of Nykaa CFO’s resignation, following the company’s controversial bonus issue, to SpiceJet CFO exit in mid of widening losses, CFO world witnessed some unprecedented resignations in 2022. Also many big names in the CFO community resigned for better opportunities outside their organisation.

CFO 98
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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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A Return to Teaching: The Spring 2023 Edition

Musings on Markets

If, as you read this post, it feels like you have read it or a close variant before, it is because you have. Each year, ahead of teaching my classes at NYU's Stern School of Business in the spring, I invite readers to accompany me on my journey, and this year is no different. Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023.

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Hotels to roll out the welcome mat, cash in on G20 presidency

CFO News

Vikramjit Singh, president at Lemon Tree Hotels, said as an immediate impact of India holding the G20 presidency, there has been a spike in demand for rooms across the markets of Delhi, Bengaluru, Mumbai, Punjab, Guwahati, Chennai, Chandigarh, Aurangabad, Indore, Jaipur, Lucknow, Kolkata, Pune, Surat, Udaipur, Gangtok and Hyderabad.

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PCAOB proposes new audit confirmation standard

Accountancy Today

The Public Company Accounting Oversight Board (PCAOB) has proposed a new standard for auditors use of confirmation which is aimed at modernising the process. The proposed standard includes principles-based requirements that would apply to all methods of confirmation, including paper-based and electronic communications. If accepted, the proposal would better integrate the confirmation standard with the PCAOB’s risk assessment standards.

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Fintech unicorn Coda Payments CFO says no plans to seek external funding next 1-2 years, bats for clear regulation

CFO News

The next few quarters are likely to be challenging and therefore decisions about material investments must be made even more critically than before, says Abhi Sharma.

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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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Powell Should Declare Victory & Go Home

Barry Ritholtz

Ritholtz Wealth Management Chairman & CIO and “Masters in Business” Bloomberg Radio & Podcast Host, discusses the Fed’s rate hikes and market reaction. Powell Should Declare Victory: Ritholtz. Source: Bloomberg , December 20th, 2022. The post Powell Should Declare Victory & Go Home appeared first on The Big Picture.

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Potential bidders seek tax benefits on IDBI's losses

CFO News

IDBI Bank is 95% owned by Life Insurance Corp of India (LIC) and the government, but the Reserve Bank of India (RBI) has classified it as a private lender.

Banking 81
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Lack of strategic approach to DEI in APAC including S'pore, HK

Future CFO

A global study by Workday has found that there is a prevalent lack of a strategic approach to DEI (diversity, equity, and inclusion) within the Asia Pacific and Japan (APJ) region. The study — conducted in partnership with Sapio Research in late 2022 — surveyed more than 3,100 HR professionals and C-level business leaders with responsibilities for diversity initiatives within their organisation, to understand their motivations, activities, and progress in relation to belonging and diversity, Wor

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Modi government looks at fiscal consolidation in Union Budget 2023, the last one before the 2024 elections

CFO News

Fiscal consolidation in not a new move from the BJP government, with Modi's Cabinet choosing to stick to a path of fiscal consolidation since coming to power in 2014. But the COVID-19 pandemic has severely affected government finances, pushing the fiscal deficit for 2020-21 to a record 9.3% of gross domestic product (GDP), significantly higher than the budgeted 3.5%.

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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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Clips From Today’s Closing Bell

The Reformed Broker

Investors should be positioning on expectations, not shocking news, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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Reliance to acquire Metro AG's India business for Rs 2,850 crore

CFO News

Through this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network.

Retail 52
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Cube ranks #1 for user satisfaction on G2; Receives 30+ badges across FP&A categories (Winter ‘23)

Cube Software

We're on a mission to help every company hit its numbers. Following high G2 rankings this spring , summer , and fall, we are happy to continue this upward trajectory with 30+ badges in G2’s winter reports. Cube earned badges across critical FP&A disciplines, including Corporate Performance Management (CPM) , Financial Close , Financial Analysis , and Budgeting and Forecasting.

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EV sales in India to surge in FY24

CFO News

Sales of passenger vehicles are already growing at a fast clip in the Indian market, with the numbers projected to be about 50,000 in the ongoing fiscal 2023 ending March from just around 3,000 units three years earlier. The pace of growth could have been faster had there been more options in the mainstream segment, according to market trackers.

Sales 52
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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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FCF TMT Market Study 2022 – published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF TMT Market Study – 12/2022”. Based on available data from European TMT (Technology, Media & Telecommunications) companies, the FCF TMT MARKET STUDY is. Read more. The post FCF TMT Market Study 2022 – published appeared first on FCF Fox Corporate Finance GmbH.

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Auto component industry eyes double-digit growth in FY23 on robust demand

CFO News

Overall, revenues from sales in the first six months of the fiscal rose 27.3% to $ 33.8 billion. While sales to OEMs (original equipment manufacturers) grew by 38% $ 28.6 billion, aftermarket sales witnessed a growth of 2% to close at $ 5.4 billion in the same period.

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A turnaround job awaits Wesgro’s new CFO

CFO Talks

Sandiso Gcwabe will join Wesgro as their CFO in 2023. Gcwabe faces the task of restoring Wesgro to clean audits. The official tourism, trade and investment promotion agency for the Western Cape last achieved a clean audit in 2018/19. Wesgro’s audit results were discussed recently at a budget committee meeting of the Western Cape provincial parliament.

CFO 52
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India Inc on talent hunt to drive its ESG plans

CFO News

With Prime Minister Narendra Modi having pledged that the country will reach net-zero emissions by 2070, and stringent policy and regulations driving compliance, reporting, and disclosures, ESG has become a focal point of boardroom discussions, and organisations across industries are looking at strengthening ESG skillsets across their teams.

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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.