CFO Dive

NOVEMBER 22, 2023

Consumer sentiment sagged this month, a survey showed, bolstering forecasts that holiday sales and consumer spending will decline in coming weeks.

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Forecasting Sales 288

Barry Ritholtz

NOVEMBER 22, 2023

We spend way too much time trying to predict the future (especially this time of year). Rather than engage in futility, let’s look at the coincident indexes in all 50 states over the past 3 months, via the Federal Reserve Bank of Philadelphia (October 2023). Note: I have been occasionally eyeballing this map since 2008 , and it does a good job of showing the overall trend of the economy (on an obvious lag).

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Banking 141

CFO Dive

NOVEMBER 22, 2023

Zoom is one of many companies that have been betting heavily on the future of artificial intelligence following the rapid rise OpenAI’s ChatGPT service.

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CFO 261

CFO News

NOVEMBER 22, 2023

Delving into the fervor of cricket World Cup, seasoned finance expert Robin Banerjee extracts business insights. From embracing unpredictability to deciphering psychological strategies, he uncovers invaluable lessons, linking the cricketing arena to the dynamic world of business and finance.

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Finance 111

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.

Accounting

CFO Dive

NOVEMBER 22, 2023

A robust FP&A team is critical for businesses to be able to properly plan for the future, Cover Genius CFO David Rudow said.

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Nerd's Eye View

NOVEMBER 22, 2023

For all of the myriad ways financial advisors can structure and run their practices, firm owners generally encounter similar stages in the development of their firms. At some point, solo advisors will need to decide whether to increase their headcount, and an ensemble practice may later evolve into a centralized brand with significant enterprise value.

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Compliance Sales Economics Investments 76

CFO News

NOVEMBER 22, 2023

Despite escalating geopolitical tensions, a Dun & Bradstreet India survey reveals a robust 9.1 per cent surge in CFO optimism for Q4 2023. CFOs express confidence in financial conditions, emphasizing adaptability to high-interest rates while noting concerns in the industrial sector.

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CFO 104

Future CFO

NOVEMBER 22, 2023

Adopting a good and progressive generative artificial intelligence mindset is essential in today's journey to technological advancements in the finance function. This requires a shift from traditional ways of thinking to a more adaptive, collaborative, and forward-thinking approach. So what exactly is the right generative AI mindset? It is important that finance leaders get to understand that generative AI is a tool--that it will not do their jobs for them, but rather they'll utilise it to do th

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Finance Technology CFO 52

CFO News

NOVEMBER 22, 2023

The financial affairs of IL&FS Group came under scrutiny in 2018 after it defaulted on short-term and long-term debt obligations to the tune of Rs 91,000 crore. IL&FS Financial Services (IFIN) was audited by BSR, a KPMG-affiliated firm, in FY19 and jointly by BSR and Deloitte in FY18. Deloitte was the sole auditor of the firm in FY16 and FY17.

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Auditing 97

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Future CFO

NOVEMBER 22, 2023

Business investment would increase though firms in many countries are dealing with the highest interest rates they have seen in years, said Grant Thornton recently. Globally, more than half of respondents the firm surveyed expect to increase investment across technology, R&D, and staff. Technology is the area most firms plan to invest in, with 61% of mid-market firms expecting this to happen over the next 12 months, up from 57% in the second half of 2022, Grant Thornton’s survey indicated.

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Investments Leverage Technology Economics 52

CFO News

NOVEMBER 22, 2023

The intention to bring in rules for investment platforms offering fractional ownership of real estate assets comes in the wake of growing demand for such products in recent times.

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Investments 52

Future CFO

NOVEMBER 22, 2023

Accountants play a role in helping out people who lack the foresight of what happens in the future of their properties, holding a crucial and very important position in the process of estate planning. This comes into play when properties are left behind by an incapacitated or deceased person, which often leads to tax and legal cases, and in many situations, family disputes.

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Accounting Planning Auditing Leadership 52

CFO News

NOVEMBER 22, 2023

Airtel has reportedly appointed a clutch of investment banks, including Axis Capital, SBI Caps, IIFL and ICICI Securities to start the IPO process. The listing is likely to be concluded by early-2024. Industry experts, though, said the government's expectations of raking in around Rs 10,000 crore from a potential divestment of its 30% stake in Bharti Hexacom is more than three times higher than an earlier valuation conducted by brokerage J M Financial some two years ago.

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Valuation Securities Investments Banking 52

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.

Planning

Centage

NOVEMBER 22, 2023

In the detail-oriented world of finance, where precision and foresight are paramount, financial professionals often grapple with the daunting task of consolidating multiple Profit & Loss statements (P&Ls). This process, while essential for gaining a comprehensive view of a company’s financial health, comes with a specific set of challenges, especially for growing businesses with multiple corporate entities, locations, or product/service lines.

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CFO News

NOVEMBER 22, 2023

The legroom, or seat pitch in industry jargon, in IndiGo's Airbus A320 and A321 aircraft is 30 inches on average at present, with three seats on each side. The airline is yet to determine how much more it will charge for premium seats, but customers who pay extra will receive priority boarding, complimentary in-flight food, and greater flexibility to make changes to their itinerary, said the person.

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Planning 52

FISPAN

NOVEMBER 22, 2023

In this Employee Spotlight, we’re getting to know Santiago Henao, our Product Consultant at FISPAN. As part of the Service Operations team, Santiago provides demos to our partnered banks and their clients, showcasing how our plugin improves a company’s accounting processes.

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Accounting Banking 52

CFO News

NOVEMBER 22, 2023

Naveen Jindal group company Jindal Power, which had submitted an expression of interest for Go First, has decided not to submit a financial bid for the airline after a month-long due diligence, the company told the airline's bankers on Tuesday.

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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

Finance

Barry Ritholtz

NOVEMBER 22, 2023

My mid-week morning Turkey travel day reads: • The Hidden Hero Fueling Soft-Landing Hopes: A Boost in Supply : Rising labor force, productivity lowered inflation despite still-strong growth, taking pressure off Fed to raise rates. ( Wall Street Journal ) • The New Economic Geography of the Housing Shortage : How the Pandemic Accelerated Home Price Increases in America’s Once-Affordable Areas. ( Apricitas Economics ) see also How Everybody Miscalculated Housing Demand (2021) : The hangover

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Construction Transportation Economics Startups 107

CFO News

NOVEMBER 22, 2023

The Department of Telecommunications (DoT) had notified the PLI scheme for telecom and networking products in February 2021 with an outlay of ₹12,195 crore. A total of 31 companies were given approval on October 14, 2021 for the scheme, which offers incentives in the range of 4% to 7% for different categories and years. For MSMEs, a 1% higher incentive is proposed in year 1, year 2 and year 3.

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CFO News

NOVEMBER 22, 2023

These firms have now written to the government to seek certification for manufacturing units in other Asian nations, a senior government official said. But the government is reluctant to certify factories located even in some Asean countries with which it has a free-trade pact.

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Manufacturing 52

CFO News

NOVEMBER 22, 2023

In absolute terms, the default amount involved in the withdrawn cases was almost three times the Rs 3.16 lakh crore realised through the resolution of a total of 808 insolvent firms under the IBC until September 2023. The recovery from these 808 rescued firms constituted 31.85% of the creditors' claims that were endorsed by the NCLT.

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Accounting

CFO News

NOVEMBER 22, 2023

The survey further reveals that not only has the refund timing been reduced, individual taxpayers have also reported simplification of the refund process with 90% of taxpayers getting automatic refunds. Also 75% of the individual taxpayers did not have to pay extra tax beyond the tax deducted at source (TDS).

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CFO News

NOVEMBER 22, 2023

Addressing the media after the virtual summit of G20 leaders, the last such top-level huddle under India’s presidency, Sitharaman said the road map also provides for “identifying appropriate strategies and outlining how to enhance the capabilities and capacities of these economies to face the risks” emerging from crypto assets.

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Finance 52

CFO News

NOVEMBER 22, 2023

HSBC India CEO Hitendra Dave said though technology has made banking easier, the risks are sometimes unknown. He cited the example of the ransomware attack on the world's largest lender by assets Industrial and Commercial Bank of China (ICBC) earlier this month which forced the bank to re-route trades using spreadsheets stored on portable drives and accessing the internet using dongles.

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Banking Technology 52

CFO News

NOVEMBER 22, 2023

At 10:42 am, the Rs 3,042-crore Tata Tech IPO was subscribed 1.21 times. The quota reserved for qualified institutional buyers was subscribed about 2 times, non-institutional investors 1.25 times. The portion reserved for shareholders of parent entity Tata Motors 1.26 times while the retail quota was subscribed 86%.

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Retail 52

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