Sun.Apr 23, 2023

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Bed Bath & Beyond CFO ties bankruptcy to e-commerce ‘reluctance’

CFO Dive

Restructuring expert Holly Etlin, named Bed Bath & Beyond’s interim finance chief in February, stepped into the roles of CFO and chief restructuring officer Saturday.

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CFOLens: ChatGPT and how this tool impacts finance function?

CFO News

There is a lot of interest generated amongst executives across companies when we speak of ChatGPT. In this article Sanjeev Jha, CFO- India, Persolkelly India shares that one of the leading CFO organisations conducted a survey for CFOs – ‘Will ChatGPT affect the financial function in any way’ - 65% voted ‘Yes’, 25% voted ‘Let’s See’ and only 10% voted ‘No’.

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The best technology for sales planning and operations forecasting

Spreadym

Enterprise software solutions for planning and financial analysis and corporate consolidation typically require robust and scalable technologies to ensure optimal performance and reliability. Some of the technologies commonly used for such solutions include: Relational Database Management Systems (RDBMS): business management software often runs on RDBMS such as Oracle, Microsoft SQL Server, and IBM DB2 to store and manage large amounts of structured data.

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vcfo Denver Team welcomes Jonathon Rapacki, Consulting CFO

VCFO

Jonathon Rapacki is a finance executive with a track record of success across diverse industries, including oil and gas, mining, financial services, private equity, venture capital, and retail. He has a history of improving operations and investor and bank relations through strategic business planning, internal controls, and productivity improvements.

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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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World Economic Outlook: April 2023

Future CFO

The IMF forecasts global growth to fall from last year’s 3.4% to 2.8% in 2023 before rising to 3% in 2024. The global economy’s gradual recovery from the pandemic and from Russia’s invasion of Ukraine remains on track but remains fragile. The post World Economic Outlook: April 2023 appeared first on FutureCFO.

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Economic confidence rises: Fears fade over 2023 recession

Future CFO

Economic confidence rises as clear signs of business improvement emerge, said ACCA recently. While the accountancy body’s Q1 2023 Global Economic Conditions Survey (GECS) shows confidence lower than a year ago, it rose for the third consecutive quarter as fears fade over the prospects of a recession in 2023. This better news is underlined by the two GECS “Fear’’ indices which reflects respondents concerns that customers and/or suppliers may go out of business, ACCA noted.

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In charts: Big three Indian IT companies get set for tough FY24

CFO News

​​HCLTech’s revenue growth too was near the lower end of its guided range of 13.5-14.5%.

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Looming debt crisis is already roiling Treasury bill market

Tips Watch

The 4-week Treasury yield is sending a message of fear. By David Enna, Tipswatch.

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NFRA imposes fine, debars auditors for 3 yrs for professional misconduct, other lapses in audit of SRS Ltd

CFO News

An investigation by SFIO had revealed that the company and its group companies had presented financial statements containing false statements of debtors and indulged in the malpractice of round-tripping and layering of transactions resulting in inflated purchases and sales.

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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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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • My High-Flying Life as a Corporate Spy Who Lied His Way to the Top : I was just looking to make rent when I stumbled into a part-time gig stealing secrets from Wall Street elite. I made millions once I realized how desperate we humans are for someone who will actually listen. ( Narratively ) • How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions : America’s best-known lawyer, a couple of fraudste

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Adani group plans $650-m foreign currency bond buyback at APSEZ

CFO News

Adani Group is planning to use internal accruals to buy back foreign currency bonds, starting with a $650m tranche at Adani Ports and Special Economic Zone. The conglomerate is also evaluating bond buyback opportunities at other entities and is due to finalise a capital allocation plan. It is estimated that foreign currency bonds represent 39% of the group's total debt.

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Wipro board to consider buyback on Thursday

CFO News

The company will also announce its fourth quarter and full-year results on April 27. The outcome of the board meeting will be communicated to the stock exchanges soon after the conclusion of the meeting on Thursday April 27. On Friday, Wipro's share prices closed at ₹368, up 1.5%.

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Brookfield expands green footprint, buys 51% stake in CleanMax Enviro

CFO News

This will be Brookfield's second renewable deal in as many months, having agreeing to invest $1 billion in serial Avaada Ventures, run by serial entrepreneur Vineet Mittal.

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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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HZL expects production costs to reduce in FY24

CFO News

Fixing contracts in a manner which will help reduce rates in mining, and the usage of digital projects which can give realtime feedback to control consumption to make operations more efficient will be the other enablers.

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Clamping down on Ponzi schemes like never before: FM Sitharaman

CFO News

A Ponzi scheme is one where old investors are paid returns with money deposited by new investors. The new entrants may not get any returns and, in some cases, they may lose the money they invested. In India, Ponzi schemes are banned under the Banning of Unregulated Deposit Schemes Act, 2019.

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World is looking at India; grasp this opportunity to grow exports: Piyush Goyal urges industries

CFO News

"The industry's talent is spread across every zone and this industry can generate lots of jobs commensurate with the talent. The future is bright but we seek a collective commitment from every exporter to contribute to increasing exports despite headwinds and challenges," said the minister.

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Govt to announce national retail trade policy, accident insurance scheme for GST-registered traders soon

CFO News

The government is likely to announce a national retail trade policy and an accident insurance scheme for GST-registered domestic traders soon, reported PTI, citing an official. ​The policy is aimed at providing better infrastructure and more credit to the traders.

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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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Regulating crypto without global consensus will not be effective: FM

CFO News

The Minister, however, said it does not mean controlling of 'distributed ledger technology', which has its goodness and potential.

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SBI report refutes Viral Acharya claim that corporates with high market share are pushing up prices

CFO News

According to a report by Soumya Kanti Ghosh, SBI group chief economist, although a few large players dominate market share in many industries, they are not the cause of high inflation.

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Reliance Retail enters into joint venture for toy manufacturing with Haryana-based firm

CFO News

The brand currently owns iconic British toy brand Hamleys and home-grown toy brand Rowan. Reliance Retail has entered into a joint venture with Sonipat, Haryana-based Circle E Retail to vertically integrate its toy business.

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GST evasion: Taxmen using data analytics to identify 'missing link' in supply chain

CFO News

The modus operandi adopted by fraudsters included short payment of tax by undervaluing taxable goods and services, wrong availment of exemption notifications, wrong availment of the input tax credit, non-payment of tax on supply of taxable goods and services (clandestine removal), and fraudulent availment of the input tax credit on the basis of invoices from fake cos.

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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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CFOLens: ChatGPT and how this tool impacts finance function?

CFO News

There is a lot of interest generated amongst executives across companies when we speak of ChatGPT. In this article Sanjeev Jha, CFO- India, Persolkelly India shares that one of the leading CFO organisations conducted a survey for CFOs – ‘Will ChatGPT affect the financial function in any way’ - 65% voted ‘Yes’, 25% voted ‘Let’s See’ and only 10% voted ‘No’.

Finance 52