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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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.

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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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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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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’

More Trending

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Adani effect: On Businesses, Markets and India

CFO News

There is no doubt that the adverse research report on Adani Group is not good news. In fact, a few recent developments will cast more shadows unless cleared through investigations by the regulators or the company itself through credible third-party audit reports.

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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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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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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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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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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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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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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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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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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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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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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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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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.

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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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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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India's imports & exports dip in January, trade deficit narrows

CFO News

India's exports in January dipped by 6.58 per cent to USD 32.91 billion, as against USD 35.23 billion in the same month last year, according to the data released by the commerce ministry on Wednesday. Imports in January also declined by 3.63 per cent to USD 50.66 billion, as against USD 52.57 billion in the same month last year.

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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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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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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.

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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.