Wed.Jan 31, 2024

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Fractional CFO Explained

CFO Share

What is a fractional CFO? A fractional CFO is a part-time CFO for small companies. It is a cost-effective way for small businesses to utilize professional finance and accounting without the commitment of a full-time employee. Thanks to cloud-based bookkeeping , fractional CFOs have recently become accessible to even the smallest companies. Why would I hire fractional CFO services?

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Fed holds main rate steady, wants ‘greater confidence’ inflation falling

CFO Dive

The central bank in a statement dropped a prior reference to “additional policy firming” but gave no support to market expectations that it will soon reduce interest rates.

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Trending Sources

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Union Budget 2024: FM Nirmala Sitharaman Speech Highlights

CFO News

India Inc braces itself for the interim budget for 2024-2025 to be announced soon. Finance Minister Nirmala Sitharaman, will be presenting her sixth union budget, rather than a full Budget ahead of the General Election in 2024.

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CFO Dive’s 2024 outlook roundup: Trends to watch

CFO Dive

Cooling inflation, an M&A rebound and an AI reckoning are among the top forces that could shape the corporate finance world this year.

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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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Family feud over Rs 11,000 crore Godfrey Phillips inheritance: Samir Modi challenges mother Bina Modi in SC

CFO News

Samir Modi, son of late KK Modi, has taken legal action against his mother, Bina Modi, accusing her of mishandling the family's Rs 11,000 crore inheritance. The dispute involves the distribution of the Godfrey Phillips stake and other Modi group shares. Samir, previously aligned with his mother, now supports his brother Lalit in seeking immediate implementation of the trust deed.

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Directorate General of GST Intelligence to have 1st digital forensic lab in Gujarat

CFO News

The Directorate General of GST Intelligence (DGGI) has established its first digital forensic lab in Ahmedabad, aimed at enhancing the detection of tax evasion and improving recovery efforts with digital evidence. The lab is equipped with advanced data handling and retrieval tools, as well as the latest data analytics technology to prevent and combat complex financial crimes.

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SEC wins legal victory against former tech CFO in accounting fraud case

CFO Dive

Former CFO Karen Rosenberger is accused of helping software provider Synchronoss to engage in “long-running accounting improprieties.

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FM raises capex expenditure by 11.1% to Rs 11.1 crore

CFO News

Capex: Brokerages had predicted that there would be be a slowdown in capital expenditure growth with focus shifting towards alleviating rural stress

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Healthcare CFOs explore M&A, automation and service line cuts in 2024

CFO Dive

Companies grappling with liquidity concerns are looking to cut costs and streamline operations, according to a new survey.

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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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Using A Testamentary Charitable Remainder Unitrust (T-CRUT) To Give Twice To Both Loved Ones And Charitable Organizations

Nerd's Eye View

In late 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, introducing several significant changes to retirement planning. Of the many provisions in the bill, the so-called "Death of the Stretch" arguably received the lion's share of consternation from the financial advisor community. Under the new law, non-spouse beneficiaries (with few exceptions) must now withdraw the entirety of an inherited IRA within 10 years of the account owner's passing rather

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Union Budget 2024: Nirmala Sitharaman arrives at the parliament, meets President Murmu

CFO News

Union Budget 2024: This will be FM Sitharaman's sixth budget in a row. By reading out the Interim Budget for FY 2024-25, Sitharaman will surpass the record of her predecessors such as Arun Jaitley, Manmohan Singh, P Chidambaram, and Yashwant Sinha, all of whom have presented five Budgets in Parliament.

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Risks, challenges CFOs expect in 2024

Future CFO

Chief financial officers step into the new year with strategies in mind for the benefit of their organisations as a whole. The global economy looks set to grow slowly once again in 2024, and downside risks remain, according to Jonathan Ashworth , chief economist at the Association of Chartered Certified Accountant. Jonathan Ashworth "The lagged impact of past monetary tightening could lead to an even more pronounced slowing in growth, and geopolitical risks remain very heightened, while the busy

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Budget Highlights 2024: Sitharaman gets Dahi Shakkar blessings from President Murmu

CFO News

Budget Highlights 2024: The Modi government is striving for consistent economic growth despite geopolitical uncertainties, with ongoing initiatives designed to support farmers, women, and those facing economic challenges. There is a possibility that the government will steer clear of widespread privatization of state-owned enterprises and stick to moderate divestment goals.

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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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The Mentoring Round | Dennis Johnson, CFO, Qlik

CFO Thought Leader

970: Growing in Good Company | Dennis Johnson, CFO, Qlik The post The Mentoring Round | Dennis Johnson, CFO, Qlik appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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Paytm Payments Bank told to halt services by February-end

CFO News

The Reserve Bank of India, in a notification issued on Wednesday, has barred Paytm from offering all basic payment services, including Unified Payments Interface, IMPS, Aadhaar-enabled payments and bill payment transactions, effective February 29.

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Data Update 5 for 2024: Profitability - The End Game for Business?

Musings on Markets

In my last three posts, I looked at the macro (equity risk premiums, default spreads, risk free rates) and micro (company risk measures) that feed into the expected returns we demand on investments, and argued that these expected returns become hurdle rates for businesses, in the form of costs of equity and capital. Since businesses invest that capital in their operations, generally, and in individual projects (or assets), specifically, the big question is whether they generate enough in profits

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US Fed holds key rate steady, says risks becoming more balanced

CFO News

The US central bank confirmed in a statement that it was holding its benchmark lending rate steady between 5.25 percent and 5.50 percent, and said it is unlikely to start cutting rates without "greater confidence" that inflation is moving "sustainably" towards its long-term two percent target.

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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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At the Money: Forecasting Recessions

Barry Ritholtz

At the Money: Forecasting Recessions with Claudia Sahm (January 31, 2024 ) Investors don’t like recessions. But how can they tell if one’s coming? There’s an indicator for that. It’s called the “Sahm Rule,” named for economist Claudia Sahm. In this episode, we discuss how to use labor data to forecast recessions.

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India Inc makes little headway in getting new-gen chip technology

CFO News

Negotiations for joint ventures by top conglomerates such as Tatas and Vedanta with potential partners, especially from Taiwan, have made little headway due to firm terms. Global companies are adopting a wait-and-watch approach and prefer to go on their own due to technology transfer fears. Reliance Industries is also evaluating the market potential.

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Interim Budget: Fiscal challenge in poll season

CFO News

The interim budget will be watched closely for what it does to maintain the current high rate of growth. Will it prioritise much-needed fiscal consolidation and shun pre-election populism? Can the budget find the resources to continue the high capital expenditure while setting aside more for welfare spending?

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Budget 2024's key task involves taming a wild inflation hurting Indians

CFO News

Union Budget: The upcoming interim budget holds critical significance for India amid soaring prices, demanding strategies to curb inflation. The government grapples with measures to rein in inflation, which started the year at 6.5%. Policies targeting food supply volatility might stabilise inflation. Finance Minister Nirmala Sitharaman could introduce fiscal measures to counter rising prices and manage inflation.

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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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IT campus hiring tumbles to two-decade low

CFO News

Indian software services companies will end FY24 having hired between 70,000 and 80,000 fresh engineers —the lowest intake in over two decades. The decline in fresher hiring marks a significant climbdown for a sector that was once regarded as the uber force on college campuses.

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Layoffs at big internet firms keep staffers at startups on the edge

CFO News

The new year has begun on a sombre note for people working in large and well-capitalised startups as companies like Swiggy, Flipkart, and Paytm are laying off a sizable chunk of their teams.

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Restrain ZEE from seeking relief from NCLT or other courts: Sony to SIAC

CFO News

Sony Group-owned Culver Max Entertainment and Bangla Entertainment have urged the Singapore International Appellate Tribunal (SIAC) to restrain Zee Entertainment Enterprises (ZEE) from seeking legal remedies from NCLT or any other court in India or elsewhere. Sony alleges that Mad Man Film is a proxy for ZEE and has requested an order to prevent ZEE from seeking remedies related to the merger cooperation agreement during the contractual disputes.

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Core sectors' growth slows to 3.8% in December from 7.9% in November

CFO News

In December, India's core sectors recorded a 3.8% YoY growth, down from 7.9% in November, according to government data. The Index of Coal Industry (ICI), measuring performance in eight key sectors, showed growth in all but crude oil, which declined by 1%. The coal sector led with a 10.6% increase, while natural gas rose by 6.6%. The Eight Core Industries constitute 40.27% of the Index of Industrial Production.

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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.