Wed.Jan 03, 2024

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73% of accounting students lack money for gaining CPA license

CFO Dive

To stem a talent shortage, accounting firms need to reach out to potential CPAs well before they select their college majors, according to a CPA association.

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Supriya Lifescience CFO aims for Rs 1,000 crore revenue by FY27, advocates R&D policy changes in Budget 2024

CFO News

Supriya Lifescience, charts an ambitious path to achieve Rs 1000 crores in revenue by FY27. CFO Krishna Raghunathan outlines robust growth strategies, capital positions, and a keen focus on innovation in this comprehensive update.

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Finding the profitability, growth balance: Kaseya CFO

CFO Dive

Taking a strategic approach to hiring and investment can aid CFOs looking to place their companies on the path to hypergrowth, Kaseya’s finance chief said.

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At The Money: Contrarian Investing

Barry Ritholtz

At The Money: Contrarian Investing. (January 3, 2024) Is contrarian investing a solid strategy, or a fool’s errand? In this episode, I speak with Michael J. Mauboussin. Head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management We discuss why it is so difficult to fight the crowd, and identify when the crowd is right and when they have gone mad.

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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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IRS unlocks 15% corporate minimum tax’s handcuffs

CFO Dive

The guidance is the latest in a slew of IRS directives issued as questions have swirled around the new tax on big companies.

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More Trending

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Walmart vet tapped for Innovative Food’s CFO seat

CFO Dive

Gary Schubert is taking over the finance reins of the struggling gourmet food company after a 15-year stint at Walmart.

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Deloitte: Asia-Pacific CFOs focus on revenue growth in 2024

Future CFO

Chief financial officers in the Asia-Pacific region will be zeroing in on revenue growth for the next 12 months, according to a survey by Deloitte. The Asia-Pacific CFO Survey, which asked 276 CFOs in the region across financial services, life sciences and health care, manufacturing, public sector, TMT, energy and resources, and consumer business, found that 62% of the respondents will be prioritising on the organisation's revenue in 2024.

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India Inc faces onslaught of GST demands as tax authorities try to meet deadline

CFO News

Several prominent Indian companies, including Hindustan Unilever (HUL), ICICI Bank, and LIC, faced tax demands on the eve of the new year as authorities strive to meet a five-year deadline for claim submissions. Notices range from input tax credit mismatches to demands for non-payment of tax on expatriate payments.

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What CFOs must watch out for in 2024

Future CFO

With the new year now up and running, finance leaders must be able to keep up with the trends that will dominate the market to be able to plan and strategise ahead. Among such trends are artificial intelligence, talent retention and upskilling , and ESG. Artificial intelligence Finance tools that are boosted by artificial intelligence are being adopted at an exceedingly rapid rate across various sectors.

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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 no longer 'fragile', can weather global market volatility

CFO News

In the face of global financial market turbulence, India's rupee appears more resilient due to a narrowed current account deficit (CAD) and bolstered forex reserves. Increased exports post-pandemic buffered the CAD, keeping it manageable at 2% in FY23 despite soaring commodity prices. Forex reserves, standing at over $600 billion, fortify the RBI's ability to stabilize the rupee, marking a significant contrast to a decade ago when India was tagged among the 'Fragile Five' economies.

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Global trade to rebound modestly: Allianz

Future CFO

Global trade is set to rebound modestly after two consecutive years of below-average global GDP growth, said Allianz recently when releasing its Global Economic Outlook 2023-25. As European countries are emerging from trade recessions and Asian countries (ex-China) are still benefiting from the reshuffle in global value chains, they will lead the rebound, the firm noted.

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Vodafone Idea's regulatory, corporate affairs director Balaji resigns, joins Air India

CFO News

In a statement Air India said, Balaji will assume his role at the airline on January 11, and will report to Air India CEO & MD, Campbell Wilson. He will oversee the government affairs, legal, ethics, sustainability, and corporate communications functions at Air India, among others.

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Q & A With Commercial Credit Group CEO

Commercial Credit Group

We sat down with CCG's President and CEO, Dan McDonough, to get his insights into this past year in order to help construction, manufacturing, transportation and waste hauling businesses make sense of the economic uncertainty, and prepare for what comes next.

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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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Adani Ports announces board rejig; Karan Adani named MD, Ashwani Gupta CEO

CFO News

Adani Ports and Special Economic Zone Limited has re-designated Gautam Adani and Karan Adani as Executive Chairman and Whole-Time Director & CEO, respectively, effective January 4. Ashwani Gupta will be appointed as Chief Executive Officer and Whole-Time Director for three years.

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Is unearned revenue a liability or an asset?

Cube Software

The nature of unearned revenue: explained Often referred to as deferred revenue, unearned revenue is what happens when a company gets paid for a job it hasn't done yet. Think of it as a customer's advance payment for a product or service that your company has promised to deliver later. This money, while in your cash account, isn't really 'yours' yet—it's sitting there with a condition attached.

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Fed sees rates staying high for some time with cuts eyed in 2024

CFO News

The minutes indicated increased optimism among participants about the path of inflation, noting “clear progress.” The committee expressed a willingness to cut the benchmark lending rate in 2024 should that trend continue, though the timing of such a move remained uncertain.

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CFOs' guide in talent outsourcing

Future CFO

The decision to outsource certain functions within the organisation has become a strategic choice for many companies seeking to optimise their operations. In a bid to maximise resources, be it funds or the people themselves, it is a business imperative for finance leaders and chief financial officers to determine whether outsourcing is the right fit for the business.

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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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Future enterprises' lenders appoint PwC as sale advisor

CFO News

Lenders have divided FEL into three clusters. The first is the company's stakes in its life and general insurance ventures with Italian partner Assicurazioni Generali S.p.A. Banks are hoping for some recovery from FEL's remaining 26% stake in Future Generali India Insurance Co and also its residual stake in Future Generali India Life after Generali hiked its stake to above 70% in 2021.

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5 ways financial forecasting future-proofs your annual budget

Centage

As we ring in a new year and brace for all of the opportunities and challenges it will bring, one resolution should be near the top of the list for finance professionals: embracing flexible financial forecasting to future-proof your annual budget. Financial forecasting gives businesses the agility to adapt to changing conditions. Depending on how insulated your industry is from change, such agility in the financial forecasting process might be an advantage, or it might be an absolute necessity.

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Companies tightening contracts to make exit tough for senior executives

CFO News

Indian cos are tightening employment contracts for top executives to make them more binding by incorporating stricter non-compete and non-solicitation clauses. This is in response to intense competition for senior talent and rampant poaching of C-suite brass. Contracts and policies are being made tighter to make an exit difficult, including longer notice periods and extended non-poaching contracts.

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4th Quarter 2023 Economic And Market Outlook: Labor Market, Inflation, And Geopolitics

Nerd's Eye View

Niels Bohr famously observed that "Prediction is very difficult, especially if it's about the future!" The sentiment is especially poignant when it comes to economic forecasting, as it's nearly impossible to get an accurate picture of the current state of the economy at any given moment. As a result, uncertainty about how the economy may unfold, even along the shortest time frames, is the default.

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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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Govt may amend IT Act to add new rules for AI, GenAI models

CFO News

The amendments to the IT rules are likely to mandate that GenAI platforms which use artificially intelligent algorithms or language models to train their machines are free from “bias” of any kind.

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How Adani built a $15 billion bulwark against Hindenburg attack

CFO News

Adani Hindenburg Case: The Supreme Court today directed the Securities and Exchange Board of India (Sebi) to complete its probe into the remaining two cases of alleged violations by the Adani companies within three months. However, it decided not to order a probe by a special investigation team or the Central Bureau of Investigation. Clearly, Adani did not wait to see the course of the Hindenburg affair but went ahead with business as usual.

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Adani-Hindenburg case verdict explained: 5 reasons why it's a happy new year for Team Adani

CFO News

Adani stocks rallied up to 10% with Adani Energy Solutions and Adani Total Gas leading the show as the conglomerate’s market capitalisation crossed the Rs 15 lakh crore mark once again.

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Adani-Hindenburg row: "Truth has prevailed", says Gautam Adani after SC ruling

CFO News

Minutes after the Supreme Court on Wednesday declined to transfer the probe into the Adani-asserted in his first reaction that "truth has prevailed.

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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.