Wed.Dec 20, 2023

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Fifth Third shakes up executive suite

CFO Dive

The Cincinnati lender is getting a new COO, CFO and treasurer, all from the inside.

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Byju's approves FY22 results, reappoints BDO as auditor at AGM

CFO News

The three-hour-long AGM witnessed the active participation of 60 shareholders. Although resolutions were approved, the extended and tumultuous nature of the meeting brought forth shareholder inquiries regarding auditor concerns.

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FASB at 50: Under the gun to modernize GAAP

CFO Dive

With its anniversary year drawing to a close, there are signs FASB is stepping up the pace of its standards setting. Some finance executives are wary.

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S Kumars Nationwide Ltd case: NFRA slaps 5 year ban on an auditor

CFO News

The National Financial Reporting Authority (NFRA) on Wednesday slapped a five-year ban on an auditor for professional misconduct in the matter of S Kumars Nationwide Ltd for FY 2013-14. The audit regulator also imposed a fine of Rs 5 lakh on Shyam Malpani, who was the engagement partner and signed the independent auditor's reports and the financial statements of S Kumars Nationwide Ltd (SKNL) for the period April 2013 to September 2014.

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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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Marshaling the right GenAI data strategy: EY

CFO Dive

To drive effective financial transformation with AI, organizations need to ensure the “fuel” for the technology is there, EY experts say.

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ChatGPT’s ‘winter break’ is the latest sign of model drifts

CFO Dive

Unexpected changes in large language model behavior could disrupt the rest of an organization’s software or data science pipeline, researchers say.

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Implementation Questions To Properly Prioritize And Address To-Dos For Consistent Follow-Through

Nerd's Eye View

After a financial advisor and their client have agreed on a financial plan, there are usually a lot of good feelings going around. The causes of the client's worries have been identified, there's agreement on the steps that will get the client to where they want to be, and all that's left is to take action to implement the plan. But while it seems like the momentum of the earlier steps of the planning process should carry through into the implementation stage, all too often, the opposite occurs:

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DOMS would like to maintain EBITDA margins at 15-16% across categories: CFO

CFO News

“We will first want to focus on growth in terms of top line and margins will take care of themselves. With a lot of operating efficiencies coming in, margin should take care of itself but we follow our mantra of “nothing at the cost of market and nothing at the cost of margin. So we will balance both together.

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Streamlining financial operations: Singapore optimistic towards AI

Future CFO

When it comes to streamlining financial operations, Singapore shows strong optimism towards AI to improve business and financial resilience, said BlackLine recently when releasing results of its survey. An overwhelming majority of Singapore respondents said that generative AI (88%), new kinds of AI (85%) and cloud computing (85%) are essential for streamlining financial operations and improving business resiliency in the face of future disruption, the firm pointed out.

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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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Kapish Jain on what RBI circular on transactions pertaining to AIFs mean

CFO News

“If any of your debtors who are under stress and if you are moving into an AIF, now either you would need to offload them within 30 days, liquidate it entirely or you make a 100% provision and the mandate is that those debtors who were in your book in the previous 12 months before you move in into an AIF structure.

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A Modern Nonprofit Podcast: Turning Things Around with 180 Management Group

The Charity CFO

180 Management Group is an operations consulting firm that specializes in operational strategy and design, specifically for nonprofit organizations. Led by Miriam Dicks and our guest on today’s show, 180 Management Group believes that people are their biggest asset. After all, typically the highest expense on an income statement is the salary and benefits component, so employees are certainly the key to an organization’s success. 180 MG believes that how they serve their people ultimately tran

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Central Goods and Services Tax (Second Amendment) Bill, 2023 passed by Rajya Sabha

CFO News

The Rajya Sabha has passed the Central Goods and Services Tax (Second Amendment) Bill, 2023, extending the upper age limit for the GST Appellate tribunal Chairman to 67 years from 65. The bill also allows advocates with 10 years of experience, specializing in indirect taxes, to be eligible for tribunal membership.

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FCF Interest & Corporate Loan Monitor Q3/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF Interest & Corporate Loan Monitor Q3/2023”. FCF regularly conducts comprehensive research regarding the German corporate loan and interest market, based on publically available. Read more The post FCF Interest & Corporate Loan Monitor Q3/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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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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Simplified taxation regime can help to empower the MSME sector: FISME

CFO News

The roundtable session deliberated the bottlenecks faced by MSMEs within the e-commerce sector under the current GST regime and offered recommendations to promote ease of doing business.

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G2 awards Cube 30 badges and multiple top spots for Budgeting and Forecasting (Winter ‘24)

Cube Software

Breaking news: Cube receives 30 badges in G2’s Winter Report In addition to earning top spots for Budgeting and Forecasting , Cube’s G2 badges were earned across several disciplines, including Corporate Performance Management , Financial Close , and Financial Analysis.

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From Musk to Mittal, Ambani to Amazon: Why such a big race for satcom?

CFO News

Internet communication in India has a new battleground called "satcom," different from regular networks. Indian and foreign firms compete for satellite spectrum to access the internet. Disagreements on spectrum allocation methods divide the industry: some prefer government allocation, others auctions. The competition is intense due to more players, including foreign giants like Elon Musk's Starlink and Amazon, unlike the limited private telecom market with Reliance Jio, Bharti Airtel, an

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The value of emotional intelligence in the accounting profession

Future CFO

Accounting professionals are often tangled within intricate financial landscapes, working against tight deadlines and managing complex regulations. This demand for accuracy and efficiency can undeniably breed a high-stress environment, highlighting the importance of integrating emotional intelligence into stress management strategies. The distinct stressors accountants face stem from cyclic nature of peak periods, such as tax seasons, which intensify the workload, leading to increased stress.

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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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UltraTech Cement receives GST demands and penalty of over Rs 20 lakh

CFO News

The first order passed confirming GST demand of Rs 17,60,661, interest as applicable and penalty of Rs 1,76,066 while the second order is for GST demand of Rs. 54,252, interest and penalty of Rs. 20,000.

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New year, new plan: mapping your 2024 finance strategy

Cube Software

Q&A: Planning with the pros The weeks leading up to the new year can be especially stressful for finance leaders.

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CCI seeks details from Religare on Burmans' merger, role plans

CFO News

The Competition Commission of India (CCI) has also sought communication documents exchanged between the Burmans and Religare from October 13, 2017, to September 25, 2023, the period when the promoters of FMCG major Dabur acquired shares in the financial services firm.

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Best Workforce Planning Software Tools for 2024

The Finance Weekly

If you're in charge of a team, you understand the importance of using ,, workforce planning software in today's business world. Without the right tools tailored to your company's needs, it's challenging to keep up and stay competitive. This article will highlight essential features to seek in workforce management tools and then introduce some top choices to enhance your workflow.

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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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Vedanta Resources confident of bond recast plan success

CFO News

An ad hoc group holding two guaranteed bonds of Vedanta Resources (VRL) has advised investors to reject the proposed bond restructuring outlined in the consent solicitation released on December 13. The ad hoc group includes holders of $1 billion 13.875% bonds due in January 2024, $1.2 billion 8.95% bonds due in March 2025 and two other bonds.

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Best Workforce Planning Software Tools for 2024

The Finance Weekly

If you're in charge of a team, you understand the importance of using ,, workforce planning software in today's business world. Without the right tools tailored to your company's needs, it's challenging to keep up and stay competitive. This article will highlight essential features to seek in workforce management tools and then introduce some top choices to enhance your workflow.

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How much will GST impact Budget math?

CFO News

High GST boosts government revenue, aiding fiscal health, infrastructure, and social programs, enhancing economic stability and investor confidence.

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India's total debt rises to Rs 205 lakh crore in Sept quarter

CFO News

The total outstanding bonds traded in the market, representing the country's total debt, increased to USD 2.47 trillion (Rs 205 lakh crore) in the September quarter. In the March quarter of the previous fiscal, the total debt amount was USD 2.34 trillion (Rs 200 lakh crore).

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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.