Thu.Mar 21, 2024

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FASB backs off bigger software accounting revamp

CFO Dive

It's been decades since the Financial Accounting Standards Board has made any major changes to GAAP accounting rules for software.

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CFOs prioritize employee compensation in budget allocations, reveals Gartner survey

CFO News

Amidst the financial landscape of 2024, CFOs are intensifying their focus on elevating employee compensation, as revealed by a recent survey conducted by Gartner Inc., reflecting evolving trends in budget allocations and retention strategies.

Budgeting 111
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Companies plan 4.5% pay raises this year, outpacing inflation: Payscale

CFO Dive

As price pressures fall, pay increases will help employees recover from the highest inflation in four decades, Payscale said.

Planning 297
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India to play a larger role in globalisation in coming decades

CFO News

India has emerged as a bright spot on the global map and the world is looking at India with a big hope. While the lead economic indicators are showcasing remarkable improvement, the recent study also shows that India will be an integral part of globalisation in the coming decades.

Economics 111
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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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Marqeta CFO touts EWA expansion

CFO Dive

The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.

CFO 146

More Trending

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Kitces & Carl Ep 134: Helping Clients Who Can’t Ever Get To ‘Enough’ (And When They Don’t Really Want To)

Nerd's Eye View

For many financial advicers, helping long-time clients identify and progress toward their goals eventually transitions into conversations around the best ways to enjoy the fruits of their labor once they reach them. Yet, for some clients, making the shift into retirement (or any other new stage of their lives) can often be a challenge for myriad reasons, which places the advisor in a unique position to help these clients understand the roadblocks they face and explore ways to overcome these obst

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10-year TIPS reopening auction gets a real yield of 1.932%

Tips Watch

By David Enna, Tipswatch.com Blame it on the Fed. Early this week, it looked likely that today’s reopening auction of a 10-year TIPS — CUSIP 91282CJY8 — would generate a real yield to maturity of 2.0% or higher.

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BMO is transforming the future of banking – and we’re getting recognized for it 

Bank of the West

While banks may not traditionally have been viewed as innovators, BMO is committed to changing that. Leading with a Digital First mindset, we take an innovative approach to providing digital… Read more The post BMO is transforming the future of banking – and we’re getting recognized for it appeared first on About BMO.

Banking 52
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CFOs eye budget increase for employee compensation, Gartner says

Future CFO

Chief financial officers are planning to increase budgets for employee compensation, according to a survey by Gartner, Inc. In the survey, which asked 296 CFOs and senior finance leaders to understand how budgets and spending will change in 2024, 71% of CFOs seek to boost average enterprise-wide employee compensation in 2024 faster than inflation. “Even with tighter economic policy and pressure from boards and investors on profitability and employee productivity, CFOs are outpacing inflation tha

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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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BMO Wins 2024 Celent Model Bank Award for Integration Excellence for Bank of the West Conversion

Bank of the West

Accolades continue for BMO’s historic conversion of Bank of the West’s (BOTW) two million customers, thousands of employees and hundreds of applications in the largest conversion in Canadian banking history.… Read more The post BMO Wins 2024 Celent Model Bank Award for Integration Excellence for Bank of the West Conversion appeared first on About BMO.

Banking 52
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Income Tax dept asks many individuals to explain high value transactions of FY20-21 as Updated ITR deadline nears

CFO News

The deadline to file updated income tax return (ITR-U) is March 31, 2024 for FY 2020-21. In light of this deadline, the tax department is sending intimation to taxpayers urging them to check the AIS/Compliance portal regarding identified specified/high value transactions. If an individual is not being able to explain these transactions or give a satisfactory response, income tax notice will be sent.

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Watershed Distillery: Toast to a Successful Exit with FocusCFO

Focus CFO

Building Value for an Award-Winning Craft Distillery For many entrepreneurs, the ultimate goal is a successful exit. For Watershed Distillery, an award-winning craft distillery based in Columbus, Ohio, that dream became reality in 2023. This wasn't a stroke of luck, but the culmination of years of strategic planning and meticulous financial preparation with the support of FocusCFO's embedded Fractional CFO program.

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Flipkart tweaks merit approach, converts hikes into payouts

CFO News

In effect, employees will get two lump sum payments in April and October this year, equivalent in value to the salary increase that would have otherwise been paid out throughout the year. About 19,000-20,000 employees would benefit from this, a Flipkart executive told ET.

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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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A Modern Nonprofit Podcast: Fundraising Hacks for Nonprofits

The Charity CFO

John Mark Vanderpool, co-founder of Social Impact Solutions joins the podcast today. With a focus in fundraising strategies, Tosha & John Mark settle here for the conversation as this is John Mark’s speciality. Simplifying vs. Diversifying Revenue Sources It is no surprise that clients have struggled in the final quarter of 2023. Year end giving wasn’t as projected and not to mention the conversations about inflation and rising costs has yet to settle, the non-profit space faces many chall

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Hindustan Zinc may put off demerger

CFO News

In a letter to the mines ministry this month, HZL said it wouldn't push ahead with any demerger proposal that the government disapproves of and that it would take the Centre on board while adopting such a plan, people aware of the details told ET. "The matter is going to be put off, although the company would take a formal decision in due course," one of them said.

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A financial controller's guide to IPO readiness

Future CFO

An initial public offering , or an IPO, undeniably poses both an opportunity and a challenge for a company. According to Controllers Council , with changes in the political climate and interest rates, opportunities can open as quickly as they close. While an IPO provides an infusion of capital, it’s not without its drawbacks, as finances will be analysed thoroughly and reporting will be adjusted.

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FocusCFO Heads to the 2024 EPI Summit!

Focus CFO

FocusCFO is proud to announce our partnership with the Exit Planning Institute for their 2024 Exit Planning Summit April 28-30, 2024, in Marco Island, Florida.

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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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M&M, Adani Total Energies join hands to set up EV charging infra

CFO News

Mahindra & Mahindra collaborates with Adani Group's Adani Total Energies E-Mobility Limited to expand EV charging infrastructure, benefiting XUV400 owners. The partnership focuses on enhancing customer experience, energy transition, and meeting climate action goals.

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MV Rao, MD & CEO of Central Bank of India, appointed as IBA chief

CFO News

Further, the committee has also appointed three Deputy Chairmen of the association. Further, Madhav Nair, Country Head and CEO, Bank of Bahrain and Kuwait, would be Honorary Secretary of the Association.

Banking 40
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Shapoorji Pallonji Group seeks up to $2.4 billion from lenders

CFO News

The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to 150 billion rupees, the largest chunk in the planned fundraising, the people said, asking not be identified because the details are private. Negotiations are ongoing and details of the lending could change, they added. It’s also gauging interest from Davidson Kempner Capital Management and Cerberus Capital Management LP, the people said.

Finance 40
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Online gaming continues to grow, but GST change to “moderate” monetisation: report

CFO News

According to a report from real money gaming (RMG) firm Winzo and non-profit firm Interactive Entertainment and Innovation Council, India currently has about 560 million gamers, of whom 144 million paid for games in 2023

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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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RBI readies framework for SROs

CFO News

India's central bank sets guidelines for SROs including grievance redressal mechanisms, non-discriminatory fees, and adherence to regulatory standards to ensure fair and transparent operations in various sectors.

Banking 40
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Enough opportunities in smallcaps, but largecaps offer better value: Krishna Sanghavi

CFO News

Krishna Sanghavi predicts India's shift towards manufacturing for export and import substitution will drive growth in core economy sectors. He emphasizes the importance of capacity building to meet future demand and promote consumerism, aligning with the evolving market trends. Sanghavi also says: "For now, largecaps offer as overall space far more value, far more investable opportunities.

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GenAI can be a gamechanger for tax compliance: PwC study

CFO News

At present, there is usually a time gap between the specific regulatory requirements and readiness of an organisation to be able to correctly furnish large amounts of data at the outset. With GenAI, managing complex tax compliances can become easier, the study noted.

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CreditAccess Grameen, Jana Small Finance Bank receive income tax notices

CFO News

The income tax demand was against a deduction claimed by the company. "The company is of the opinion that the said demand notice is based on incorrect facts and assumptions, and hence the management is confident of taking up this with the IT department explaining the full facts of the case," the company said in a regulatory filing to stock exchanges.

Finance 40
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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.