Wed.Jun 07, 2023

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SMBs expect 14% boost in finance tech spend on average

CFO Dive

The need for consolidation, automation or better data is a top factor driving the spending increase, followed by a need to strengthen business value and a desire to generate growth amid macroeconomic pressures.

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Top 5 audit companies corner lion's share of mandates

CFO News

"Major listed companies opt for the top five auditors due to their strong reputation. The top auditors too prefer to work with the larger listed companies, especially in light of a few governance issues that came up in companies in the recent past as well as the regulatory actions taken against auditors," said Pranav Haldea, managing director, Prime Database Group.

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Trending Sources

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Crypto heavy hitters largely back FASB fair-value fix

CFO Dive

The support that the proposed accounting change has drawn from many crypto companies contrasts with the history of tension between the young sector and regulators.

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What is a Typical CFO Job Description

CFO Selections

A Chief Financial Officer (CFO) is a senior executive role that manages the financial actions of a company. The CFO's duties include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions. When a company asks CFO Selections to engage in a search for a CFO, we walk through each company’s specific needs to create a customized job description.

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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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PCAOB aims to sharpen auditor focus on fraud

CFO Dive

The U.S. audit watchdog said its newest proposal would speed notification of noncompliance, reducing ultimate costs to investors.

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More Trending

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SEC sues Coinbase as federal crackdown on crypto continues

CFO Dive

Coinbase was accused Tuesday of operating an unregistered national securities exchange, broker and clearing agency. The SEC also took aim at its staking-as-a-service program, a day after suing crypto firm Binance.

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How CFOs Can Tackle the Biggest Challenges for 2023

Focus CFO

Whether it is planning and executing a financial strategy, reducing expenses, or even getting corporate buy-in, CFOs often face some of the biggest challenges at their companies. These hurdles become even more difficult in a less-than-optimal economic climate, intensifying the stress levels of your leadership team. As economic growth continues to slow and a recession looms, we teamed up with our business partners at ITR Economics to provide some helpful data and insights that will help CFOs tack

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Form U4: Common Missteps And Best Practices For RIAs

Nerd's Eye View

All Investment Adviser Representatives (IAR) of registered investment advisory firms are required to file Form U4, a regulatory filing containing public disclosures of certain information about financial professionals. And while IARs are responsible for keeping their own Form U4 up-to-date, Form U4 – unlike other regulatory forms like Form ADV that require an annual amendment – doesn’t need to be amended unless there is a change warranting an update, which can often lead to an

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Treasury announces plans to step up T-bill issuance

Tips Watch

By David Enna, Tipswatch.com The U.S. Treasury issued guidance this morning on its plans to increase issuance of Treasury bills in aftermath of the now-resolved debt-ceiling crisis.

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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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India’s Internet economy to hit US$1T by 2030

Future CFO

India’s Internet economy is set to grow to US$1 trillion by 2030 from about US$175 billion of consumption in 2022, driven by a continued shift in consumer behaviour and evolution of the business ecosystem, said Bain recently. According to a report titled ‘The e-Conomy of a Billion Connected Indians’ released by Google, Temasek and Bain & Company based on surveys of consumers and investors as well as analysis by Bain, the confluence of three crucial forces has positioned India’s Internet econ

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Visa delays for Chinese professionals hit India businesses

CFO News

Expansion projects of homegrown electronics contract manufacturers - including Dixon Technologies' proposed ₹400-crore unit for manufacturing refrigerators - are impacted due to non-grant or delay in grant of visa to Chinese engineers, they said.

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Case Study: Partnering with a Mission-Driven Organization

The Charity CFO

The mission of the Asthma and Allergy Foundation of America, St. Louis Chapter (AAFA-STL), is about as simple and meaningful as you could come up with. Their tagline states: We help children breathe. Specifically, the organization has been serving St. Louis for 40 years providing resources, education, and support to serve those affected by asthma and allergies.

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Thyssenkrupp bids for $5.2 billion Indian submarine contract

CFO News

Thyssenkrupp Marine Systems would helm engineering and design of the vessels if India chooses to hand a contract to the manufacturers, while its Indian counterpart will be responsible for local construction and delivery, according to an initial pact the companies signed Wednesday.

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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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What is a Virtual CFO? A Guide for Businesses

Michigan CFO

In today’s ever-evolving business landscape, the role of the Chief Financial Officer (CFO) has become crucial for effective financial management and decision-making. However, not all businesses have the resources or the need for a full-time, in-house CFO. This is where virtual CFOs come into play. In this article, we will explore what virtual CFOs are, the services they provide, the difference between a CFO and a virtual CFO, the qualifications required to become a virtual CFO, and the cos

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Electric Mobility firm Yulu Bikes could file for an IPO in FY26

CFO News

The Bengaluru-based startup, which has a strategic partnership with Bajaj Auto, sees demand for such tech-based vehicles growing amid increasing congestion on roads and the government's commitment towards clean mobility. Meanwhile, in the near to medium term, the Amit Gupta-founded company is looking to raise both debt and equity to fund its operations.

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From Necessary Evil to Mission Fuel: The Strategic Role of Nonprofit Financial Statements

The Charity CFO

Nonprofit financial statements. Is this just a necessary evil just to meet compliance requirements , and make sure there’s enough cash in the bank? Or can your financial statements be a lens to view your organization and fuel the mission? In this post, we’ll walk through the most important financial statements, and explain the strategic benefit you can gain by pulling the maximum value from the data.

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Industry bodies seek TCS relief for domestic travel agents

CFO News

A number of industry bodies in India, including the Internet and Mobile Association of India (IAMAI) and Ficci, are seeking relief for local travel agents over tax treatment of international holiday packages. A letter to the finance minister and Reserve Bank of India requested parity for tax collected at source (TCS) across payment modes and holiday packages.

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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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CFO Pros on the Move: May

The Finance Weekly

It appears that summer is now in full force, and as the earnings season comes to a close, CFOs can finally find a moment to unwind. Nevertheless, before we embark on our beach retreat, we have some noteworthy updates regarding recent changes in CFO positions. CFO Pros on the Move May 2023 Valerie Lightfoot | Xwell Travel health and wellness services provider Xwell appointed , Valerie Lightfoot as CFO, effective June 12.

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Cummins India capex likely in range of Rs 150-300 crore; to give earnings guidance by Q4 of CY

CFO News

Ajay Patil, CFO of the engine equipment manufacturing company Cummins India, discussed the company's capex plans, reasons for a delay in FY24 guidance and the structured cost-cutting strategy in an interview with ETCFO. Over the past two years including FY 23 PBT before exception items expanded by 280 bps, through a combination of cost, price and volume leverage, he shared.

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FCF Biotech Venture Capital Monitor – USA 04/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 04/2023”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. As. Read more The post FCF Biotech Venture Capital Monitor – USA 04/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Rural India throws NBFCs a lifeline in season of lost momentum

CFO News

Both semi-urban and urban sectors reported lower growth in the fourth quarter of 2023. It was the loans in the rural areas that practically kept NBFCs afloat, according to data from the Finance Industry Development Council and credit bureau CRIF.

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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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Soochow Securities (HK) chooses ION’s Fidessa equities trading platform

Reval

Hong Kong, 7 June 2023: ION, a global leader in trading, analytics, treasury, and. The post Soochow Securities (HK) chooses ION’s Fidessa equities trading platform appeared first on ION.

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Ivan Menezes, India-born CEO of Diageo, passes away

CFO News

Menezes, 64, who was to retire at the end of this month, was admitted to hospital for treatment of conditions, including a stomach ulcer, sources in know of the matter said.

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Masters in Business: The Emerging Manager Playbook

Barry Ritholtz

 The video from last week’s panel is above Bloomberg Masters in Business host Barry Ritholtz discusses the current environment for hedge fund launches with IDW Group Founder and Chief Executive Officer Ilana D. Weinstein, Woodline Partners Co-Chief Investment Officer Mike Rockefeller, Fernbridge Capita Management Founder Brennan Diaz and Knighthead Capital Management Co-Founder Thomas Wagner.

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Coal imports not needed from next fiscal: Pralhad Joshi

CFO News

Coal and mines minister Pralhad Joshi said India will close the current financial year with 880 million metric tonnes of coal production, 14% higher than the last fiscal.

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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.