Tue.Jan 03, 2023

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CFOs to combat downturn with more automation

CFO Dive

CFOs should think about automation as an “additional teammate” in their financial departments as they look to push digital transformation initiatives forward in the new year.

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#FA Success Ep 314: Focusing On The Planning Work You Enjoy By Providing Outsourced Virtual CFP Services, With Sue Chesney

CFO News Room

Welcome back to the 314th episode of the Financial Advisor Success Podcast ! My guest on today’s podcast is Sue Chesney. Sue is the owner of Delegated Planning, which offers virtual outsourced financial planning support to 55 advisory firms, and the co-founder of Planning Zoo, an outsourced financial planning data entry business that helps current and recently graduated students from college CFP educational programs connect with advisory firms that need paraplanner support for data entry i

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Trending Sources

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IRS delivers ‘crucial guidance’ on 15% minimum tax

CFO Dive

The interim guidance gives tax preparers some key directions for interpreting the 15% Corporate Alternative Minimum Tax. But more questions remain, experts say.

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Tesla, Wynn, Traeger, Amazon and more

CFO News Room

Tesla charging stations at a car showroom in the morning light. The expansion of the charging infrastructure is still not progressing as desired. . Jan Woitas | Picture Alliance | Getty Images. Check out the companies making headlines in midday trading. Tesla – Shares of Tesla shed 13% after the company announced fourth-quarter vehicle deliveries that fell short of Wall Street’s expectations.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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SEC commissioner opposes ‘ballooning’ PCAOB budget

CFO Dive

The PCAOB has stirred up criticism since SEC Chair Gary Gensler shook up its leadership and called for sharper regulation of the firms that audit public companies.

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More Trending

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How GCs can prevent universal proxy cards from disrupting strategy

CFO Dive

The impact of the SEC’s new director voting system remains to be seen, but a legal leader’s role in consensus-building is clear.

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Observations to Start 2023

Barry Ritholtz

Welcome to 2023! Let’s jump into the new year with some fresh observations, some of which are quite surprising: • Astronomical Measures of Time Are Unrelated to Investing : 2023 – a new year! It is natural to hope the flipping of the calendar brings something new and different. But why? It takes the Earth 365 days, 6 hours, 9 minutes, and 9.76 seconds to complete one orbit – to return to its exact same place in space relative to our star, the sun.

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Chewy Looks to Open More Automated Fulfillment Centers in Drive to Control Costs

CFO News Room

Online pet retailer. Chewy Inc. plans to open more automated fulfillment centers in 2023 to control costs and raise efficiency, which could help the company repurpose certain capital spending, its finance chief said. . The Plantation, Fla.-based company, which sells equipment, food, medication and other products for pets , in 2020 opened the first of these centers in Jessup, Pa., followed by one in Belton, Mo., in 2021 and another in Reno, Nev., in August.

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Think you have it bad?

The Reformed Broker

If you’re a financial advisor or a fund manager and you weren’t down 20% last year, you won, basically. The S&P fell into a 20% bear market while the Nasdaq crashed almost 40%. Bonds were down double digits as an asset class. International stocks, while outperforming the US and not down as much, were still down a lot. Except for Turkey, which inexplicably doubled last year – here’s the TUR ETF, The post Think you have it bad?

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Accounting for Natural Disasters: Impairment, Insurance, and More

Embark With Us

Hurricane Ian. Relentless wildfires in the west. Floods, earthquakes, and drought. As much as we hate to say it, we're not lacking for natural disasters these days, and relief doesn't appear to be on the horizon.

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The top 7 FP&A trends for 2023

Jedox Finance

Financial planning and analysis (FP&A) is evolving into a whole new area of influence with cross-departmental and cross-dimensional impact. Accurate, frequent, and integrated business planning is crucial as geopolitical tensions, worldwide inflation, and supply chain disruption continue to reshape the global economy. We have identified 7 FP&A trends that are top of mind here at Jedox and with our customers and Partners around the world.

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Limiting Capabilities Due to Excel Formula Learning Curves for Businesses

Centage

For decades, Microsoft Excel has been one of the most popular business tools for companies everywhere. Businesses across industries use spreadsheet formulas daily to accomplish a diverse task range, from cost accounting to bookkeeping to project management. Many companies have come to depend on Excel formulas so much that they use them when other software programs can perform job functions more accurately and efficiently.

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CBI seeks info on 10 more Videocon loans

CFO News

The CBI, which had arrested Chanda, her husband Deepak Kochhar and Videocon group chairman VN Dhoot last month, stumbled upon the new loans during its ongoing probe into the six loans amounting to ₹1,875 crore sanctioned between June 2009 and October 2011, the people told ET on condition of anonymity.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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I Bonds: A not-so-simple buying guide for 2023

Tips Watch

By David Enna, Tipswatch.com After a year of raging-high demand, where do we stand today on U.S. Series I Savings Bonds? Are they still an appealing asset? Are they a worthy investment for 2023?

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NaaS Technology announces new CFO

Future CFO

NaaS Technology Inc., an electric vehicle charging service providers in China, recently announced the appointment of Alex Wu as CFO. The appointment will be effective Jan 15, 2023, according to the Nasdaq-listed company. Wu has also been appointed the president of the company and will join its board of directors with the same effective date. He has been the company's interim CFO since October 1, 2022, NaaS said.

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'No govt stake deal in Vodafone Idea until promoters infuse enough cash'

CFO News

Officials told ET that the promoters - Vodafone Plc of UK and the Aditya Birla Group - have indicated a willingness to infuse around Rs 2,000-3,000 crore in the telco, which is inadequate to revive the company.

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Future of planning and performance management

Future CFO

Good planning and performance management is ‘mission critical’ to any organisation, but do the current models work in volatile times? ACCA and CA ANZ, in association with PwC, spoke to 3,000 global finance professionals to find out. This report, The Planning and Performance Paradigm, explains the evolution needed. The post Future of planning and performance management appeared first on FutureCFO.

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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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Banks go big on financing green energy

CFO News

The outstanding bank loans to the sector have grown at over 100% year-on-year, indicating momentum in underwriting renewable energy loans. According to Reserve Bank of India data, outstanding bank loans to this sector more than doubled to ₹4,191 crore at the end of October 21, 2022, as compared with ₹2,073 crore a year back.

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Why Wall Street is Bearish on 2023

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: â–º2023 Targets – Wall Street is going into the year the majority of strategists predicting muted gains or outright losses for the S&P 500. â–ºDotcom Bubble Stocks – “Where are they now?

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NCLT restrains Reliance Capital administrator from presenting Hinduja's belated plan before CoC

CFO News

The administrator says it is duty-bound to present all plans before CoC which is in the process of verifying if the plans are compliant. Administrator to appeal against the order with NCLAT. Torrent's counsel tells the count that rules cannot be abandoned for value maximisation.

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#234 – The Mysteries of Dollar Creation and the Future of Money

Strategic Treasurer

Episode 234. The Mysteries of Dollar Creation and the Future of Money. As a strategic treasurer, you need to be aware and alert. There are signs of what’s ahead all around. Are you seeing the signs? In this episode, Host Craig Jeffery interviews Todd Yoder , Global Director of Treasury at Fluor Corporation , on the long-term and short-term asset liability match and the impact of inflation.

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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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Market demand drives road logistics sector growth; outlook remains stable: ICRA

CFO News

The industry is expected to grow by 11-13% YoY in FY2023, but operating margins are likely to moderate over FY2022. Debt coverage metrics may marginally weaken in FY2023 compared to FY2022 levels. Timely and effective implementation of the National Logistics Policy and other such initiatives would be key to providing the requisite impetus to the sector, ICRA said.

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#FA Success Ep 314: Focusing On The Planning Work You Enjoy By Providing Outsourced Virtual CFP Services, With Sue Chesney

Nerd's Eye View

Welcome back to the 314th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Sue Chesney. Sue is the owner of Delegated Planning, which offers virtual outsourced financial planning support to 55 advisory firms, and the co-founder of Planning Zoo, an outsourced financial planning data entry business that helps current and recently graduated students from college CFP educational programs connect with advisory firms that need paraplanner support for data entry into fi

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India Inc, put R&D where your mouth is

CFO News

The focus on critical and emerging areas such as energy, sustainability, artificial intelligence (AI), quantum technologies, data sciences, development of new vaccines and surveillance for newer diseases will have maximum impact on growth, development and economic opportunities.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Johnson & Johnson, Goldman Sachs, Chubb from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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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.