Wed.Apr 05, 2023

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Big Tech, Big Returns?

Barry Ritholtz

A quick note before everybody scampers off for the holidays. The impact of Technology on indices since the GFC is indisputable. But if you want to see exactly what their weight looks like on markets over that decade-plus era, check out the Statista video above. Or, you can see Invictus applying Bob Farrell’s rules to the Tosteern Slok’s FANGM work: Time to invoke Farrell’s Rule #7?

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FASB chooses single software accounting model

CFO Dive

The new project marks the first time in decades that the U.S. accounting standard setter is revisiting accounting for software costs.

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Trending Sources

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It’s not a funnel, it’s a filter.

The Reformed Broker

I get a lot of emails and LinkedIn messages about our “funnel” these days. Hiring funnel, sales funnel, etc. Usually it’s coming from well-meaning companies who are focused on recruiting and headhunting or lead generation and prospecting. A typical firm in our industry is probably in need of what they’re offering. I have tried to build an atypical firm.

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Modern finance goes leaner

CFO Dive

No matter how big a company’s finance department is these days, it’s most likely much smaller than it would have been just a few decades ago.

Finance 277
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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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Talent Strategies Demand a New Normal

CFO Leadership

The war for talent is over … and talent won, reinforcing that people and the future of work represent the defining business challenge for the next decade. People and culture sit atop the list of key risk concerns of board members and executives worldwide looking out over the next 12 months as well as into 2032, according to the latest Top Risks Survey from Protiviti and NC State University’s ERM Initiative.

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Build (Customized) Flexible Estate Planning Strategies In A Constantly Changing Political Landscape

Nerd's Eye View

In recent years, the Internal Revenue Code (IRC) has endured some drastic changes resulting from legislative action that have altered the strategies estate planning professionals have recommended to clients. And while the near-constant drumbeat of proposed legislative actions that would further alter the estate planning landscape has led some planners to try to 'get ahead' of those changes by suggesting action in anticipation of those bills becoming laws, doing so can come with risks… espe

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Fed officials signal more tightening than investors forecast

CFO Dive

A credit squeeze following recent banking system turmoil may prompt policymakers to reduce the main interest rate before the end of 2023, according to investors.

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RBI keeps the repo rate unchanged at 6.5%; Inflation projected at 5.2% for FY 24

CFO News

At the last MPC in early February, RBI decided to raise the repo rate by 25 basis points to 6.5 per cent. The RBI increased the repo rate by a total of 250 bps (2.5 percentage points) since May 2022.

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WesBank’s millennial CFO on building character and overseas experience

CFO Talks

Written by Staff Writer Despite only finishing his articles in 2016, Imtiyaaz Abdul-Gaffuris finds himself as WesBank’s CFO for central reporting and chief of staff to the CEO for FNB in the rest of Africa. In a CFOTalks podcast , Imtiyaaz unpacked what drew him to accounting, how his articles didn’t kill him but indeed made him stronger, and the benefits of international experience.

CFO 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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EY India services to firm's overseas entities not liable to tax, rules Delhi High Court

CFO News

Rejecting a tax tribunal's order, a division bench of justice Vibhu Bakhru and Amit Mahajan said a person who provides services, as opposed to arranging or facilitating the supply from another supplier, is not an intermediary within the definition of the Integrated Goods and Services Tax Act, 2017.

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The Business Case for Hiring Transitioning Military Veterans

CFO Leadership

There is a general perception that military veterans are great to hire for both their work ethic and a sense of duty to those who have served. Yet many veterans struggle to find quality employment opportunities when they leave the military, remaining underemployed for years after transition. Furthermore, employers struggle to understand the exact skills that veterans bring to the table, especially since they do not come from “cookie cutter” career paths that hiring managers like to see.

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Accounting in Zimbabwe is “very very different”

CFO Talks

Written by Leigh Schaler In a recent interview on the CFOTalks podcast, Zebediah Marewangepo a Senior Business Consultant at Taxdirect, shared his insights on the accounting profession in Zimbabwe and South Africa. Zebediah Marewangepo has nearly three decades of experience and works for a Kempton Park based firm, but he originally hails from further North.

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Best Practices to Perfect Your Month-End Close With Sage Intacct

https://trustedcfosolutions.com/feed/

As your business reaches the end of each month, your finances require precise maintenance , but that also means diving headfirst into endless spreadsheets and financial statements —an absolute nightmare. The cloud accounting solution, Sage Intacct , is an excellent resource to keep your financials on track by creating an efficient month-end close without the headache or hassle of sorting through documents and tracking mistakes.

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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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The CFO Guide to Gratitude 2023

CFO Leadership

by Scott Johnson TLDR You think you need a reward program. What you need is a gratitude program that happens to include rewards. We hope you don’t let your company miss the mark when they start talking about ‘Employee Engagement’ initiatives. Show me the money… Someone says, “We need better employee engagement.” Someone else says, “We did a survey and need more recognition.

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Did You Know Exit Planning Takes 7 Years? Where Are You At?

The CFO Centre

Succession planning and/or exit planning is a very common topic we encounter as CFO’s when addressing a client’s top list of priorities. In fact, a current client of mine has listed exit planning as their number one priority to be achieved over the next two years. “I want out in two years, and I want […] The post Did You Know Exit Planning Takes 7 Years?

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Business travel in Asia: Hong Kong remains the most expensive location

Future CFO

When it comes to business travel in Asia, Hong Kong remains the most expensive location in the region and was the 16th most expensive location globally despite depressed demand for business travel to the city in 2022, said ECA International recently. The average business trip to Hong Kong costs an overall total of US$ 520 per day, a small decrease of US$4 from last year’s total, according to the firm.

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India plans green hydrogen incentives of at least 10% of cost-source

CFO News

India plans green hydrogen incentives of at least 10% of cost. The government will give incentives worth at least 30 Indian rupees per kilogram (kg) for the production of green hydrogen fuel, the official, who is directly involved but did not want to be identified because the discussions are private, told Reuters.

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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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Did You Know Planning A Business Exit Takes 7 Years? Where Are You At?

The CFO Centre

Succession planning and/or exit planning is a very common topic we encounter as CFO’s when addressing a client’s top list of priorities. In fact, a current client of mine has listed this as their number one priority to be achieved over the next two years. “I want out in two years, and I want $xxxx!” […] The post Did You Know Planning A Business Exit Takes 7 Years?

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Soon, UPI will allow borrowers to access digital credit lines from banks

CFO News

The Reserve Bank of India (RBI) has allowed pre-sanctioned credit lines at banks through Unified Payments Interface (UPI)

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Nonprofit Compliance Requirements

The Charity CFO

In order to confidently run your organization, it’s important to have a strong understanding of nonprofit compliance requirements. Running a nonprofit is no small feat. In addition to the many struggles of running a business, nonprofits have additional hurdles to overcome as it relates to their mission, employment strategy, accounting, and compliance.

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SP Group looks to raise $1.75 billion against Tata stake

CFO News

The group has already pledged close to 9 per cent of its 18.37 per cent stake in Tata Sons. After this latest transaction, the entire stake, currently valued at close to ₹94,000 crore, will be pledged to lenders including two foreign banks and several overseas hedge and credit funds.

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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

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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Webinar: Treasury Management Systems for Local Authorities

CS Lucas

For 25 years, CS Lucas has catered to the needs of global corporate treasuries. Today we have an edition of CS Lucas specifically tailored for use by UK Local authorities. Several authorities have successfully (and rapidly) gone “live” using this edition for cash visibility and monitor outstanding loans and investments totalling billions of GBP.

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Irdai to insurers: Cut costs, pass on gains to customers

CFO News

The Insurance Regulatory and Development Authority of India (Irdai), in its latest published guidelines, has directed insurance companies to draw up clear plans for reducing expenses and transferring those savings to policyholders in the form of lower premiums. Irdai has sought a "well-documented policy" outlining the manner in which benefits arising from cost reductions and directly sourced business will be transferred to customers.

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Sales and operations planning (S&OP): the basics and best practices

Cube Software

Balancing supply and demand is, well.

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Credit Suisse integration will take up to 4 years, says UBS chairman

CFO News

Even with downside protection in the form of government support, there’s a “huge amount of risk in integrating these businesses,” Colm Kelleher said in prepared remarks for the bank’s annual general meeting.

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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.