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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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.

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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.

Sales 138
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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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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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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • What to Know About TurboTax Before You File Your Taxes This Year : Don’t get tricked into paying for tax prep if you don’t have to. Learn how the biggest tax preparation companies have suppressed free filling options for years. ( ProPublica ) • The Bloomberg Terminal Just Got a ChatGPT-Style Upgrade : The new technology is designed to make searching the terminal simpler. ( Institutional Investor ) see also How Will AI Change Investing?

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More Trending

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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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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.

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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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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 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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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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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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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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US banks shun crypto firms after on heightened regulator scrutiny

CFO News

While there is no blanket ban on serving crypto clients, financial firms are becoming increasingly hesitant to provide services to the industry after the Silicon Valley Bank bust.

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

Cube Software

Balancing supply and demand is, well.

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India's Tax agency plays key role in promoting adoption of digital public infrastructure initiatives: IMF

CFO News

The working paper 'Stacking up the Benefits Lessons from India's Digital Journey" said that Aadhar, which is the successor of PAN, formalized the reality that a national identification solution beyond the scope of tax administration was required.

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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.