Fri.Sep 29, 2023

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CFOs worry most about rate hikes: Fed survey

CFO Dive

While vexed by high borrowing costs, top financial executives see revenues rising next year and the economic landscape brightening.

Economics 301
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Maintain Food Safety Standards with the Help of ERP

Navigator SAP

When a manufactured food is purchased by a consumer, there is the expectation that the food product is safe and consistent. This safety and consistency is important for the reputation of the food brand in general, but it also is required for public safety reasons.

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Trending Sources

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Telecom firm former CEO, CFO charged with accounting fraud scheme

CFO Dive

The former CEO and CFO of the bankrupt Pareteum Corp. face charges of artificially inflating the company’s revenue by more than $40 million.

CFO 273
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Can Economists Predict Recessions?

Barry Ritholtz

Before your week ends and you head out for door, I had to share a new paper from St. Louis Fed. The title: Can Economists Predict Recessions? Short answer: Maybe a quarter ahead (but not always). Beyond that short time frame, it’s simply too variable: “These questions have taken on particular importance recently. In the past four quarters, economic forecasters have, on average, predicted a 42% probability of a contraction in the U.S. economy in the next quarter, according to the Survey of

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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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California Gov. Gavin Newsom signs $20 fast food minimum wage into law

CFO Dive

The deal, AB 1228, establishes a council with limited power to set the pace of wage increases until 2029, in what the SEIU calls a “historic” turn for labor.

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Weekend Reading For Financial Planners (September 30-October 1)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that RIA custodial platform Altruist announced that it is offering its portfolio accounting software for free to advisors who custody with the firm, offering the opportunity to advisory firms to reduce the costs of their tech stacks and perhaps presaging competition among custodians to offer more software capabilities for their advisory firm clients!

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NCLT rules out that IBC Code cannot be used as a tool for recovery

CFO News

IBC is a legislation empowering continuity of business operations and not to benefit a self-centric creditor. Hence, NCLT in its ruling has ensured that IBC stands by its preamble and not be used as a financial recovery mechanism.

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Is Amazon a Monopoly?

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Perth Tolle, Gunjan Banerji, and Downtown Josh Brown discuss Amazon’s antitrust issues, a coming secular rotation in equities, investing in emerging markets and China, meme stocks are back, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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Thousands of taxpayers get GST notices for FY18

CFO News

Tax experts said this would lead to an increase in litigation over the next three months while hitting cash flows of companies as they would be required to furnish 10% of the total liability as a deposit for filing an appeal.

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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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EP 27: How Finance Leaders Are Adapting Their Teams

CFO Thought Leader

Brett and Jack draw parallels between the challenges faced by our three featured Planning Aces as they seek to optimize the talent resources and processes in their different organizations. The pressure to align strategy and execution is increasing, and all three CFOs share their responses to these external pressures. Brett also touches on the adoption of AI in finance.

Finance 52
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Centre notifies amendments in CGST and IGST rules for online gaming cos; 28% GST rule to come into force on Oct 1

CFO News

The Indian government has notified amendments to the Central Goods and Services Tax (CGST) and Integrated Goods and Services Tax (IGST) for online gaming companies. The amendments, which will come into effect from October 1, require all gaming companies based outside India to register themselves and deduct tax at source.

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Avantra to release new AIOps platform for SAP operations automation

Future CFO

Artificial intelligence for IT operations (AIOps) platform Avantra is releasing its new Avantra 24 AIOps platform for SAP operations automation , available for download by November. The new Avantra 24 offers enhanced security note handling, automated certificate updating, and streamlined integration of enterprise add ins. Security note handling SAP provides security updates in frequent Notes, but it has been up to the user to scan them, determine which applies to them, and implement recommended

SAP 52
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Centre hikes windfall tax on crude oil to Rs 12,000 per tonne

CFO News

The Indian government has increased the windfall tax on domestically produced crude oil to Rs 12,000 per tonne, up from Rs 10,000. In addition, the government has reduced the windfall tax on the export of diesel and Aviation Turbine Fuel (ATF).

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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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Unlocking Opportunities with Cornerstone Capital Advisors’ Asset-Based Lending

CSC Advisors

In the dynamic world of finance, businesses often require flexible and innovative solutions to meet their capital needs. Asset-based lending, offered by Cornerstone Capital Advisors, emerges as a potent financial tool that empowers businesses to leverage their assets for growth and expansion. So, what does asset-based lending look like with Cornerstone Capital Advisors ?

Finance 40
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Zee-Sony show runs into overtime; legal glitches behind delay: Experts

CFO News

Zee-Sony merger: Legal procedures may be the primary reason for the delay, experts said. The Tokyo-based conglomerate, which is Japan's fourth-biggest company by market value, didn't give specific reasons behind the delay in closing the transaction. Sony had earlier said it anticipated the merger to be concluded by September this year.

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How do You Know If Your Business Is Financially Healthy

CFO Share

In the world of business, financial stability isn’t just about profits, it’s about maintaining a stable foundation that fosters growth, resilience, and long-term success. Although facing the numbers can be boring or scary, knowing your financial health is critical to navigating challenges and seizing opportunities. This article sheds light on key indicators of financial well-being, red flags to watch out for, and actionable steps to bolster your company’s fiscal vitality.

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Vedanta raises Rs 2,500 crore through unlisted NCDs

CFO News

Vedanta Ltd, the Indian subsidiary of Vedanta Resources, has raised ₹2,500 crore through non-convertible debentures with an interest rate of 12%. The funds will be used for capital expenditure or loan repayment. Vedanta Resources, the parent company, has been downgraded by S&P Global Ratings due to debt issues and a funding gap of $600 million.

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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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Achieving Faster Learning Cycles Using AI | Steven Cirulis, CFO, Potbelly

CFO Thought Leader

EP 27: How Finance Leaders Are Adapting Their Teams 928: The Strategy Between the Slices | Steven Cirulis, CFO, Potbelly MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. The Planful platform, which helps businesses drive peak financial performance, is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics.

CFO 40
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Smart traders turn to crypto perps to escape TDS on virtual digital assets

CFO News

Tailored for punters with the stomach to absorb losses in a market that can suddenly and dramatically turn volatile after a long lull, it's an offering that is neither aggressively marketed nor formally launched by mainline platforms.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • Return to the office? These workers quit instead. As more companies crack down on remote work, employees are pushing back with walkouts and resignations. ( Washington Post ) • Americans’ feelings about the economy are getting worse : The data show that the recent reversal in gas prices (heading up) and in the stock market (heading down) are weighing on our mood.

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Vedanta to demerge into six listed companies

CFO News

Mumbai-listed Vedanta, which produces copper, aluminium, iron ore and crude oil, and is a subsidiary of the London-based Vedanta Resources (VRL), said the exercise was aimed at building a simplified corporate structure that would appeal to focused investors.

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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.

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India poised to grow at average 6.5 pc per annum over 2023-30: CEA

CFO News

The Indian economy is expected to grow at an average of 6.5% annually between 2023 and 2030, according to the Chief Economic Advisor V Anantha Nageswaran. He emphasized the need for India to plug into the global supply chain and make itself attractive for the China-plus one strategy.

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Maruti Suzuki receives show cause notice from GST authority

CFO News

Maruti Suzuki India has received a show cause notice from the GST authority for the period between July 2017 and August 2022. The notice demands interest, penalties, and the appropriation of Rs 139 crore in tax that has already been paid. The company plans to file a reply to the notice and has stated that it will not have any impact on its financial or operational activities.

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BRICS competition regulators to focus on large digital companies

CFO News

India has taken a series of steps in recent years to bolster its competition regime. These include amendments to the competition law to introduce a threshold for merger and acquisition deals.

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BFSI top sector in hiring; 60% rise in hospitality related jobs: Teamlease

CFO News

The BFSI sector is currently experiencing the highest hiring and attrition rates. There is a strong demand for open positions, particularly in credit card sales and customer service roles. The hospitality and tourism sectors are also seeing growth, with a 60% increase in related jobs year-on-year. There is a preference for women employees in 70% of these roles.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.