Wed.Nov 29, 2023

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For GenAI-backed accounting, CFOs can’t ‘learn as you go’

CFO Dive

CFOs need to develop a business-wide plan for GenAI’s use, create clear data practices and ensure accountability to incorporate the technology into accounting effectively.

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Global slowdown could impact demand in India, says Assocham Secretary General

CFO News

ASSOCHAM's Deepak Sood flags the risks of global economic slowdown impacting India's demand and exports. He also notes domestic challenges like uneven monsoons and rising interest rates. Despite concerns, Sood projects India's growth at over 6.5 epr cent, emphasizing resilience.

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Trending Sources

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AMC Networks expects ‘no material impact’ from Hollywood strikes

CFO Dive

Despite now-resolved labor strikes that brought Hollywood to a standstill, AMC Networks is “set up well going into 2024,” CFO Patrick O’Connell said.

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Advice Engagement Tools For A More Dynamic VIP (Visualization, Interaction, and Process) Planning Experience

Nerd's Eye View

The traditional way that most financial planning has been offered was for an advisor to create "The Plan": a comprehensive document outlining a client's financial strategy that was delivered either on a one-time basis or updated annually. However, as the industry has shifted towards an ongoing relationship model, advisors have felt compelled to demonstrate consistent value to their clients throughout the 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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MGM CFO expects insurance to cover cyberattack costs

CFO Dive

The Las Vegas-based casino and resort operator has pegged the costs of the September cyberattack that temporarily crippled operations at about $100 million.

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More Trending

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Health care benefit costs surge 9.8%: WTW

CFO Dive

High inflation and strains from COVID-19 prolonged a trend of rising medical care costs.

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Report on Zee Sony merger risks collapse incorrect, clarifies Zee Entertainment

CFO News

Zee Entertainment has refuted a news report claiming that the Sony-Zee merger risks collapsing due to an eleventh-hour CEO drama. Zee stated that the report is "factually incorrect" and reiterated its commitment to working towards the successful closure of the proposed merger as per the approved Composite Scheme of Arrangement.

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Ralph Lauren veteran takes CFO job at Vince

CFO Dive

John Szczepanski takes on a role that has had significant turnover in recent months, as the struggling brand embarks on a turnaround.

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Q&A with finance leader: Lead with context, coach with content

Future CFO

Editor’s note: Kris Giswold (pictured), Senior Vice President, Finance, Asia Pacific, Middle East & Africa (AMEA), at Mondelez believes that female leaders can bring a diverse perspective and lens to the table to help companies make better decisions. The interview is part of FutureCFO's Fem ale Leadership in Finance Series. Kris Giswold, Senior Vice President, Finance, Asia Pacific, Middle East & Africa, Mondelez FutureCFO: When did you start to become interested in finance?

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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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HCL inching close to chip unit in Karnataka, investment estimated at $400 million

CFO News

The facility will be "small-to-medium sized" with an estimated investment of about $400 million, they added. The group — best known for its $12.6 billion IT arm HCLTech — is in active talks with the state government, which has offered land both near the international airport in Bengaluru as well as in Mysuru.

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How finance leaders can prevail over data chaos

Future CFO

Harnessing data gathered from various channels can be helpful in a finance leader's operational skills as this enables him to look into various trends in a particular area of business. This in turn allows him to make better decisions in times of crucial moments for the organisation. But even though technological advancements have been popping up left and right especially after the COVID-19 pandemic situation, it is still a challenge for leaders in the financial function to prevail over data chao

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Income tax payable on winnings from online, offline games of chance

CFO News

E-commerce websites like Amazon, CRED, others oftentimes runs free to play gaming contests like spin-the-wheel and others. For the purpose of income tax these games are a game of chance and are taxed at flat 30% rate plus cess, etc. Nonetheless there are some things to consider if an individual has won prizes by playing similar offline or online games.

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How is Your Nonprofit Funded?

CFO Selections

Do you truly understand how your organization is funded? And do know why it matters that you do? Unfortunately, too often nonprofit leaders and board members only have a vague sense of how their organizations are funded and what that means for furthering their missions. This is a problem because funding is an integral part of an organization’s success , and the right funding mix is essential for the growth and maintenance of any nonprofit.

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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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Fema breach: ED flags failure to submit papers, delays by Byju’s

CFO News

​​ET on November 21 reported online that ED confirmed issuing showcase notices for alleged violations of the Foreign Exchange Management Act (Fema) amounting to Rs 9,362 crore by Think & Learn and Raveendran.

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This is the end

The Reformed Broker

Ladies and gentlemen, this is the final post I will be publishing at The Reformed Broker. After today the site will be inactive, forever. I began this blog in November 2008 without any idea where it would take me. I had a negative net worth, was working at a dead-end brokerage firm job and absolutely no career prospects whatsoever – a washed up stock broker at 31 years old in the middle of a global financial crisis.

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Azure Power looks to buy back $60-M offshore bonds at par

CFO News

The move to buy back shares is seen as an attempt by the company to boost investors' confidence, which suffered a setback after its shares were delisted in July by the New York Stock Exchange due to its failure to disclose FY22 annual audited results within the mandated deadline. It eventually published its results on October 12, 2023.

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The Future of Syndicated Lending Demands Specialized Technology

CS Lucas

Syndicated lending has grown rapidly over the past decade to become an essential source of financing for large corporations and institutions. Under a syndicated loan structure, a group of banks join together to provide credit facilities and distribute risk across multiple lenders. Whereas a single bank may only be able to commit a few hundred million dollars, a syndicate can offer billion-dollar credit lines and term loans.

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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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Working towards completing merger deal with Sony: ZEEL

CFO News

Zee Entertainment Enterprises has reaffirmed its commitment to completing the planned merger with Culver Max Entertainment, Sony Group Corporation's media unit in India. Responding to stock exchanges, ZEEL stated that it is actively working towards the successful closure of the merger, dismissing as factually inaccurate a Bloomberg article suggesting potential obstacles to the deal.

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How Bullish Were You in 2011?

Barry Ritholtz

I have a vivid recollection of the period following the Great Financial Crisis: I spent March to September of 2008 writing Bailout Nation and the post-Lehman collapse revising and updating the manuscript. The first two months of ‘09 were spent editing, and off I went on a well-deserved vacation in late February. When I finally came up for air, markets had been cut in half (peak to trough down 56%) and every sentiment indicator I tracked was the most extreme they’ve been in my professional

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Free foodgrain scheme gets five-year extension; to cost Rs 11.8 lakh cr

CFO News

The Union Cabinet has approved the extension of the PM Garib Kalyan Anna Yojana (PMGKAY) for another five years, starting from January 1, 2024. The scheme, launched in 2020 during the COVID-19 lockdown, provides 5 kg of free food grains (rice, wheat, and millets) per month to approximately 800 million poor people under the National Food Security Act.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train reads: • Charles T. Munger, Much More Than Warren Buffett’s No. 2, Dies at 99 A billionaire himself, he was the witty vice chairman of Mr. Buffett’s powerhouse investment firm Berkshire Hathaway. But he had far more influence than his title suggested. ( New York Times ) sse also Charlie Munger, Warren Buffett’s Partner and ‘Abominable No-Man,’ Dies at 99 As Berkshire Hathaway vice chairman, his sharp wit dazzled generations of investors. ( Wall Street Journal ) • Is Sh

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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 antitrust body names new interim investigations head

CFO News

Sanjay Kumar Pandey has worked at the Competition Commission of India (CCI) for almost 14 years and is also an adviser in its advocacy and international cooperation division. He will now take on additional responsibilities as the Director General of the investigations unit, said an internal order dated Nov. 25 seen by Reuters.

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Corporate debt servicing improves despite higher interest cost

CFO News

Despite a 60 basis point (0.60 percent) increase in policy rates between September 2022 and September 2023, corporate debt servicing, as measured by the interest coverage ratio (ICR), improved from 4.49 in September 2022 to 5.64 in September 2023. This suggests that higher lending rates have not negatively impacted the debt-servicing capacity of Indian firms.

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India's growth to slow down further to 6.1% in FY25

CFO News

The Organisation for Economic Co-operation and Development (OECD) predicts that India's economy will slow down further to 6.1% in FY25 compared to the earlier projection of 6.3%. The slowdown is attributed to adverse weather-related events and a weakening international outlook. However, the OECD expects India's growth to pick up to 6.5% in FY26.

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US third-quarter economic growth revised up to 5.2%

CFO News

The U.S. economy's third-quarter growth was revised upwards to a 5.2% annualized rate, exceeding the previously reported 4.9%. The Commerce Department's Bureau of Economic Analysis released the second estimate, indicating the fastest expansion since Q4 2021. The revision was attributed to upgrades in business investment, state and local government spending, and residential investment.

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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.