Fri.Jun 16, 2023

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Disney CFO takes leave of absence

CFO Dive

The 23-year company alum is stepping down among a pending shareholder lawsuit and efforts by the company to restructure following ongoing subscriber loss for its streaming business.

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ERP: The Secret Weapon for Project-Based Companies

Navigator SAP

Many of the trends in business today come from the software industry. This is both because technology plays an increasingly important role in business, and because some of the most prominent businesses today are software-based. This has led to many software-industry concepts bleeding over into other lines of business. One of those concepts is project-based operations.

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EY CEO’s retirement sounds new leadership alarm

CFO Dive

Carmine Di Sibio’s exit and the firm’s abandonment of “Project Everest” may signal a new era of leadership, as well as a new structure to complete the breakup of EY’s consulting and auditing arms.

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Manufacturing ERP Industry-Specific Solutions: What You Need to Know

Navigator SAP

Selecting the best software for your operating space and organization is essential. One of the common ERP software selection mistakes is picking a generic product that doesn't meet your core requirements.

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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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AI may annually boost US productivity 0.7% through 2040: McKinsey

CFO Dive

Unlike many prior advances in technology, generative AI will likely prove most jarring to highly educated workers, McKinsey said.

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More Trending

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SEC delays final rule on cyber incident disclosure as industry pushes back

CFO Dive

The agency was seeking prompt reporting of material cyber breaches and attacks, but faced a range of concerns from stakeholders.

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Micron nears $1 billion investment in India chip packaging plant

CFO News

Micron Technology is in discussions to establish a semiconductor packaging factory in India worth at least $1bn, according to sources. The move is to expand the company's global footprint as trade tensions rise between China and the US. The company could commit as much as $2bn to the project, which market insiders suggested could be confirmed during the Indian Prime Minister's US visit next week.

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Weekend Reading For Financial Planners (June 17-18)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the SEC issued a risk alert highlighting areas of increased focus regarding its new marketing rule for upcoming examinations, including whether there is clear disclosure of whether the person giving a testimonial or endorsement is a client or investor, if the promoter has been paid, and if there are material conflicts of interest.

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Penal action likely for fake GST bills

CFO News

"We are thinking of some other measures and we will take them through the due process of the law committee and GST Council," Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri told media persons on the sidelines of a Confederation of Indian Industry event, without divulging any further details about the measures.

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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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How Corporate Social Responsibility Can Make Real Differences in People's Lives

Bramasol

Several times in the past, this blog series has focused on various big picture issues regarding environmental, social and governance (ESG) programs, compliance and carbon accounting solutions. In this new posting, we are shifting gears for a deeper dive into the "social" aspect of ESG with a look at how social responsibility can make positive differences in the lives of real people across the globe and in the communities where companies operate.

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Amid MCA21 glitches, record no of cos floated

CFO News

About 31,000 companies had been incorporated at the end of May last fiscal, a record at the time, on top of nearly 4,000 LLPs, people aware of the details told ET.

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The Bet

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Ted Seides, Shana Sissel, and Downtown Josh Brown discuss the FOMC meeting, how investors are using alternatives these days, the venture capital market, what’s going on at Goldman Sachs, the Vision Fund’s $32 billion loss, quiet luxury, and much more!

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Advance tax Mop-up rises 15% in June qtr

CFO News

The advance tax collections for the June quarter last fiscal were Rs 1.01 lakh crore, out of which corporate tax accounted for ₹78,842 crore and personal income tax ₹22,175 crore.

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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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Welcome John Azlant

Focus CFO

John Azlant has joined the FocusCFO team in Northeast Ohio. John is a highly accomplished executive boasting considerable experience in strategic planning, treasury management, accounting, financial analysis, and business development. His career has seen him fill C-suite leadership roles, where he has had principal responsibility for financial aspects in both mature companies and early-stage start-ups.

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Oil exploration contracts not to be covered under IBC moratorium

CFO News

This effectively means that the government can cancel such contracts or permits with insolvent firms in the petroleum sector even when bankruptcy proceedings are going on against them, experts said.

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Welcome Oliver Nottley

Focus CFO

Oliver Nottley has joined the FocusCFO team in Upstate South Carolina. Oliver has over 30 years of financial management and international experience, predominantly in multi-site manufacturing companies, including medium-sized private equity and family-owned businesses. His broad and diverse experience includes supporting a wide variety of businesses, evaluating investments to support growth, driving efficiencies in maturing markets to maintain cash generation, and overhauling struggling business

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India's digital lending market likely to grow $515 bn by 2030 : Report

CFO News

Given the low base and huge demand, the digital lending industry remains in an expansive phase. According to a recent report by IIFL FinTech, the digital lending market is expected to grow to a whopping USD 515 billion by 2030.

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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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Welcome Scott Goodrich

Focus CFO

Scott Goodrich has joined the FocusCFO team in Greater Toledo. Scott has more than 20 years of diverse Finance and Accounting leadership experience spanning companies of all sizes and across multiple industries that include manufacturing, distribution, and professional services. He has served as the full-time CFO of 2 companies and has extensive experience in general ledger accounting, financial planning, modeling and analysis, cash forecasting, cost reduction, capital structures, contract negot

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Adani set to acquire online train booking platform Trainman

CFO News

"Adani Digital Labs, a wholly owned subsidiary of the company, has signed a share purchase agreement in relation to its proposed acquisition of 100% stake in Stark Enterprises," read a stock exchange notification from Adani Enterprises.

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5 Internal Control Issues for Small Businesses

Beacon CFO Plus

by Rob Joseph, Director, BeaconCFO Plus What is one of the most common causes of loss for small companies? A loss of internal controls. The Association of Certified Fraud Examiners’ 2022 Report to the Nations found that anti-fraud controls at small businesses (defined as fewer than 100 employees), compared to larger organizations, had notably lower levels of implementation.

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India may reach out to other nations on EU's carbon tax

CFO News

Taiwan has raised concerns at the carbon tax, said people aware of the matter. India could reach out to Brazil, China and Thailand, among others, to garner support on the issue, ahead of the ministerial conference of the WTO early next year, they said.

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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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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • How Republicans and Big Business Broke Up : Republican lawmakers, accusing CEOs of skewing left, have become less dependent on corporate PAC money than at any time in the past three decades. ( Wall Street Journal ) • How A.I. Is Helping Architects Change Workplace Design : With more hybrid workers and new office needs, firms like Zaha Hadid Architects are turning to artificial intelligence for solutions. ( New York Times ) see also Tulsa will pay you to

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Govt likely to come out with logistics cost estimate by Sept: DPIIT Official

CFO News

The government is working on a framework to assess the logistics cost in the country and is expected to get a realistic estimate by September, a senior DPIIT official said on Friday. At present, the government is going by certain estimates, which suggest that India's logistics cost stands at about 13-14 per cent of the country's GDP (gross domestic product).

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RBI imposes Rs 20 lakh penalty on Manappuram Finance

CFO News

The Reserve Bank of India conducted a statutory inspection of the company concerning its financial position as of March 2021, and an examination of the risk assessment report, inspection report, supervisory letter, and all related correspondence pertaining to the same, had revealed non-compliance with the aforesaid directions to the extent it did not classify certain gold loan accounts with over-dues of more than 90 days as non-performing assets.

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SBI presents dividend cheque of Rs 5,740 crore to Finance Minister Nirmala Sitharaman

CFO News

State Bank of India (SBI) on Friday paid a dividend of Rs 5,740 crore for the financial year 2022-23 to Finance Minister Nirmala Sitharaman. The dividend cheque was presented by SBI chairman Dinesh Kumar Khara in the presence of Financial Services Secretary Vivek Joshi.

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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.