Wed.Feb 15, 2023

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FASB votes to finalize lease accounting relief

CFO Dive

The proposed changes to lease accounting guidance are relatively narrow, but they are one of a number of standard updates that FASB has in the works.

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Navigator Business Solutions Annoinced as one of Bob Scott’s VAR Stars 2022

Navigator SAP

Lehi, UT - 15 February 2023 - Navigator Business Solutions, has been selected as a member of the Bob Scott’s VAR Stars for 2022, a group of 100 organizations honored for their accomplishments in the field of midmarket financial software.

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Trending Sources

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Strategizing tech investments key for ROI: Coupa CFO

CFO Dive

As AI evolutions make their way into the finance function, Tony Tiscornia shares why CFOs should focus on the quickest ‘bang for your buck’

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U.S. Stock Market Returns Over Rolling 1/5/10/20 Year Periods

Barry Ritholtz

Source: The Measure of a Plan The post U.S. Stock Market Returns Over Rolling 1/5/10/20 Year Periods appeared first on The Big Picture.

Marketing 124
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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Inflation tops concerns weighing on CFOs

CFO Dive

Amid economic uncertainty, financial forecast accuracy, liquidity, cash flow, and capital structure will be among top priorities for CFOs this year, according to a study.

More Trending

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Lee Ann James Joins vcfo Houston Team

VCFO

Lee Ann James has joined the vcfo, serving the greater Houston, Texas area as a Consulting CFO. Lee Ann is an accomplished consulting CFO with more than 20 years of experience. She is highly effective at executing finance function strategically, establishing financial and risk controls, and overseeing capital structure. Lee Ann’s depth and breadth of expertise includes board reporting, audit preparation, business plan development, market research and analysis, risk management, and capital requir

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Tata’s profile and M&A experts help Air India to win a cost effective deal

CFO News

The Tata-owned carrier on Tuesday announced a 470 aircraft acquisition programme, the single largest order, by numbers, in the history of the aviation sector. This includes 70 wide bodies, involving a mix of A350s, B-787 and B-777-9.

Numbers 98
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Behind the digital transformation mindset

Jedox Finance

With so much ongoing buzz around AI-based solutions in business planning, what can we expect to change in the coming years for the aluminum industry? More importantly, how will we be required to change with it? Table of Contents Why are so many going digital? The Case of Heiniger What’s on your digital transformation checklist (so far)? Will your solution be ‘one-size-fits-all’ or something more personalized?

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Hindenburg saga: Hiring Grant Thornton for independent audit is a market rumour, says Adani Enterprises

CFO News

The exchanges had sought a clarification from the company after Business Standard reported that the embattled Adani group had appointed accountancy firm Grant Thornton for an independent audit of some of its companies in a bid to come clean of the damning allegations levelled by the US short-seller Hindenburg Research and to assure investors and regulators.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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CFOs plan budget changes: Sales function mostly likely to get increases

Future CFO

CFOs plan budget changes and sales functions are likely to get more resources in 2023, said Gartner recently. According to a Gartner survey of nearly 300 CFOs in November 2022, 73% of CFOs indicated that they planned increases for the sales function while nearly half of them said the increase would e 10% or more. In addition, two-thirds of CFOs plan an increase for corporate IT, with 29% planning to increase by 10% or more.

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BorgWarner appoints Brady Ericson as CEO, Chris Gropp as CFO of new entity PHINIA

CFO News

“Brady and Chris are well-rounded and respected leaders at BorgWarner and in the industry. They each possess a breadth of knowledge and experience that will be required to guide PHINIA as an independent company and pursue its continued success,” B. Lissalde, President and Chief Executive Officer, BorgWarner, said.

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Data Update 5 for 2023: The Earnings Test

Musings on Markets

As I have argued in all four of my posts, so far, about 2022, it was year when we saw a return to normalcy on many fronts, as treasury rates reverted back to pre-2008 levels, and risk capital discovered that risk has a downside. During the course of the year, investors also rediscovered that the essence of business is not growing revenues or adding users, but making profits from that growth.

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Psychological safety ?to be crucial for India Inc in 2023 and beyond: ?Survey

CFO News

Job site Indeed's report on 'Diversity, Inclusion and Belonging (DI&B) at Indian Workplaces' examines the need for psychological safety in Indian organisations. Psychological safety refers to employees believing that they can take risks without being shamed by other members.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • All Markets Are Uncertain : The Forecasters’ Hall of Fame Has Zero Members: In any given year, someone, simply due volume of forecasts, is “right”. I have yet to see anyone who can repeatedly, accurately forecast market outcomes. What we can say, with all certainty, looking backward, is that the S and P (and virtually every other market) has inexorably risen.

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RBI grants in-principle approval to 32 entities for payment aggregator licence

CFO News

Some of the entities that have got the approval include Pine Labs, Razorpay, Reliance, Google, Zomato and Worldline.

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The HSA ‘Deathbed Drawdown’: Making Tax-Efficient Distributions Of Large Balances (When There Isn’t Much Time)

Nerd's Eye View

Health Savings Accounts (HSAs) feature useful tax advantages that make them a popular savings vehicle. In addition to allowing for tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses (the so-called ‘triple tax benefit’), HSA funds can be invested and allowed to grow for the long term – which has led many people to treat their HSA as a de facto retirement account by saving and investing the funds to be used for healthcare costs

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MSCI delays index weighting changes for two Adani companies

CFO News

MSCI said last week it would cut the weightings of four Adani Group companies, including flagship firm Adani Enterprises, in its indexes after reassessing the number of shares that are freely traded.

Numbers 52
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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Nominee to lead IRS commits to narrowing ‘tax gap’

CFO Dive

Daniel Werfel, tapped by President Biden to lead the IRS, faced Republican criticism of $80 billion in extra funding for the agency during a confirmation hearing.

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Adani Group hires banks to hold fixed-income investor calls

CFO News

Barclays Plc, BNP Paribas SA, DBS Bank Ltd, Deutsche Bank AG, Emirates NBD Capital, ING Groep N.V.

Banking 52
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Govt reduces windfall gain tax on crude production, ATF and diesel export

CFO News

India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies. At that time, export duties of Rs 6 per litre (USD 12 per barrel) each were levied on petrol and ATF and Rs 13 a litre (USD 26 a barrel) on diesel.

Numbers 52
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If states agree, petroleum and gas can be brought under the GST ambit: FM Sitharaman

CFO News

Finance Minister Nirmala Sitharaman on Wednesday said that should the states agree, petroleum and gas under the ambit of Goods and Services Tax (GST). "Once the states agree, we will have petroleum products in the GST," she said.

Finance 52
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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Budget's capex push to ensure growth pace isn't hit: Nirmala Sitharaman

CFO News

Sitharaman said petroleum products can be included in the Goods and Services Tax (GST) framework once an agreement has been reached with states.

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Goldman Growth Fund boosts bets on India as China interest cools

CFO News

China is struggling to attract capital after the nation’s protracted Covid Zero policy and a crackdown on private enterprise, including on its biggest tech firms, stunted the economy over the past years. At the same time, India — and its fast-growing economy — has emerged as big bet for global financial firms, even though recent troubles at billionaire Gautam Adani’s business empire have dented the allure.

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Oppo says it is committed to local production in India

CFO News

“The Make in India story for us is super important, and getting the more premium devices assembled or made in India, is obviously an aspiration we have,” Damyant Singh Khanoria, chief marketing officer, Oppo India told ET, on the sidelines of the high-profile Find N2 Flip launch event in London.

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Centre may consider fuel, maize tax cuts to cool inflation

CFO News

The Indian government could consider reducing taxes on some items such as maize and fuel in response to the central bank's recommendations to help rein in climbing retail inflation, two sources with knowledge of the discussions told Reuters. India's annual retail inflation rate rose to 6.52% in January from 5.72% in December, data showed this week.

Retail 52
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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.