Wed.Dec 14, 2022

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FASB forges ahead on crypto disclosure requirements

CFO Dive

The board was effectively silent on the collapse of crypto exchange FTX last month but it forged ahead on its ongoing project to set new standards for digital assets.

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SAP Business ByDesign: Setting the Record Straight

Navigator SAP

The future plans for the SAP Business ByDesign solution are strong. A recently published article has unfortunately painted an inaccurate picture of SAP's commitment to the Midmarket and Small and Medium Enterprise clients that are the right fit for a mature, stable and flexible cloud-based ERP system.

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Trending Sources

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Fed raises main rate by half point, signals higher level in 2023

CFO Dive

Fed Chair Jerome Powell said that recent progress in reducing inflation is not enough to forestall increases in borrowing costs in 2023.

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2:00PM Water Cooler 12/14/2022 | naked capitalism

CFO News Room

By Lambert Strether of Corrente. Bird Song of the Day. Warbling Vireo (Eastern), St. Charles, Missouri, United States. * * *. Patient readers, I am finish up a post on WHO’s draft “Respiratory pathogens: pandemic preparedness guidance,” so you can imagine. I will return in full force tomorrow. In the meantime, talk amongst yourselves! –lambert P.S. Since we don’t have data about anything anymore, does anyone have anecdotes about the tripledemic?

Economics 130
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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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New York Times CFO to retire in 2023

CFO Dive

The New York-based national news company says farewell to Roland Caputo as he plans to retire after 36 years.

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More Trending

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EVs to create up to $100 billion opportunity in India by 2030: report

CFO News

By 2030, about 40-45% of all two-wheelers (2W) and 15-20% of all four-wheelers (passenger vehicles) sold in India will be electric, a report by Bain & Company said.

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Encourage Clients To Take Action By Asking Their Future Self

CFO News Room

Executive Summary. Change is difficult, and when faced with the prospect of a change, many people opt to stick with the status quo. This is even true in the case of positive changes, such as a new job opportunity or relationship: Even though it might be very likely to make the person’s life better, it represents a departure from life as usual, and there is always the risk that the change won’t work out the way it was expected to.

Planning 130
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Simplify Decision-Making For Clients By Shifting The Perspective To Their Future Selves

Nerd's Eye View

Change is difficult, and when faced with the prospect of a change, many people opt to stick with the status quo. This is even true in the case of positive changes, such as a new job opportunity or relationship: Even though it might be very likely to make the person’s life better, it represents a departure from life as usual, and there is always the risk that the change won’t work out the way it was expected to.

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Charter Schools’ Success Makes Them a Political Target

CFO News Room

Jason Riley is an opinion columnist at The Wall Street Journal, where his column, Upward Mobility, has run since 2016. He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley, a 2018 Bradley Prize recipient, is the author of four books: “Let Them In: The Case for Open Borders” (2008); “Please Stop Helping Us: How Liberals Make It Harder for Blacks to Succeed” (2014); “False Black Power?

Education 100
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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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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train reads: • What surprisingly low November inflation means for 2023 : There was barely any inflation in November, indicating that the economic environment might be more mild than previously thought, potentially giving the Federal Reserve the opportunity to ease up on interest rate hikes and perhaps even avoid a recession — if it wants to. ( Grid ). • The Fed is Dead : Its interest rate hikes are hurting consumers and workers while bypassing the main source of inflation ( R

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Case for pause in rate hike as growth focus intensifies: Govt official

CFO News

Officials say there is growing concern in the government over a spillover from the global slowdown hurting the fragile economic recovery, and a greater need to provide support.

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Lack of investor trust an issue in sustainability reporting

Future CFO

When it comes to corporate sustainability reporting, there’s a lack of investor trust issue, said PwC recently when releasing results of its 2022 Global Investor Survey. In September and October 2022, the survey collected responses from 227 investors and analysts across 43 territories/countries globally, according to the firm. While investors see inflation (67%) and macroeconomic volatility (62%) as the biggest threats facing business over the next 12 months, 44% of the investor community survey

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Service sector emerges as highest employment generator this year: Survey

CFO News

The report states that hiring is expected to continue across sectors in 2023. Real estate, banking, renewable energy, healthcare and IT will be actively hiring in the coming year at around 15%. Employment in the automobile sector and FMCG industry is expected to grow at nearly 12% and 10% respectively.

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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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SolomonEdwards and Limelight Announce New Partnership to Modernize Finance Departments

Lime Light

Philadelphia, PA – December 15, 2022 – SolomonEdwards, a leading consulting firm, and Limelight Software, a Cloud-based FP&A provider are pleased to announce the launch of their new partnership. Through this partnership, SolomonEdwards and Limelight will combine their value-added services and innovative technology to bring new efficiencies to the Office of Finance.

Finance 52
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G20 under India can make concrete progress in debt relief, crypto, climate finance: Gita Gopinath

CFO News

"We have a large number of low-income countries that are in debt distress. While we have the G-20 common framework to help with debt resolution, we absolutely need to improve the strength of the mechanism and to get much more timely resolution," Gita Gopinath said.

Finance 52
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Accounts Payable: Definition and Process

CFO Share

What is accounts payable ? Have you set up a proper AP process to avoid fraud and embezzlement? Have you maximized your AP process efficiency to avoid excessive administrative expenses? . Read on to learn about the definition of AP and AP processes. What is accounts payable? Accounts payable is short-term obligations (aka bills) due to vendors for services or goods received.

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India’s SME segment is going to be a driving force for India’s output, but tech penetration remains low to help it, says GoTo Inc’s CEO

CFO News

"Two trillion of India’s five trillion dollar economy ambition, 40% of the country’s output is going to come from the SMBs. The new workforce is going to come into the picture through SMEs. There is a tremendous amount of need emerging for technology and the penetration of technology in SMB is probably not that high at all.

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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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Clips From Today’s Closing Bell

The Reformed Broker

Higher quality bonds will help protect portfolios in the new year, says JPMorgan’s Pandit from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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Govt monitoring prices and taking steps to bring down inflation, says Finance Minister Nirmala Sitharaman

CFO News

Finance Minister Nirmala Sitharaman on Wednesday said the government is constantly monitoring the price rise situation in the country and is focused to further bring down the inflation. India's retail inflation for the month of November eased to an 11-month low of 5.8 per cent dropping within RBI's tolerance band of 2-6 per cent after 10 months.

Finance 52
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How to Set Up Your Nonprofit Organizational Chart

The Charity CFO

A nonprofit organizational chart is essential for the company’s success and growth. The internal structure or hierarchy of the organization must be organized and efficient to ensure that there are adequate resources and personnel in place to achieve its goals and mission. A nonprofit organization chart, also known as an org chart or organogram chart, is a useful tool that is used to create a graphical representation of the structure of the organization and its various departments.

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Fed downshifts to half-point hike, sees 5.1% rate next year

CFO News

The Federal Open Market Committee raised its benchmark rate by 50 basis points to a 4.25% to 4.5% target range. Policymakers projected rates would end next year at 5.1%, according to their median forecast, before being cut to 4.1% in 2024 -- a higher level than previously indicated.

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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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Nonprofit Hiring Trends

CFO Selections

Current data from CFO Dive indicates that the hiring woes companies and nonprofit organizations are experiencing will continue well into 2023 (or even beyond). The question for nonprofit organizations is how do you overcome today’s challenges? Luckily, there are several key trends emerging that are enabling nonprofits to hire well despite the market’s current challenges.

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Billionaire Anil Agarwal struggles to get backers for $19 billion chip unit

CFO News

Agarwal’s representatives met with large funds from the Middle East, Singapore, and the US over the past three months to garner financing commitments for the manufacturing business, the people said, asking not to be named as the information is not public. All the funds gave the opportunity a pass leaving them with almost no backers for the project, they said, without providing further details.

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Proposed New York state minimum wage legislation would boost wages for nearly 2.9 million workers: Minimum wages would range by region from $20 to $21.25 per hour by 2026

CFO News Room

Updated minimum wage legislation in the New York State Senate and Assembly ( S3062D / A7503C ) would secure much-needed wage increases for almost 2.9 million workers throughout the state. The proposed Raise Up New York legislation—which would index annual statewide increases to inflation and labor productivity—would help protect workers’ economic security as prices rise, and prevent inequality from widening as the economy grows.

Education 130
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CAD likely to jump to a 37-quarter high of 4.4 pc of GDP in Q2

CFO News

India's current account deficit (CAD) is expected to jump to a 37-quarter high of 4.4 per cent of GDP at USD 36 billion as against USD 9.7 billion or 1.3 per cent in the year-ago period, as per a report. This expectation of rise in CAD can be linked with falling exports and high crude prices.

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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.