Mon.Jan 16, 2023

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Yieldstreet Review: Should You Invest In Alternative Assets?

CFO News Room

We all witnessed the stock market’s volatility in 2022, as soaring inflation led to aggressive rate hikes over the course of the year. Many stocks plummeted, with investors selling off their shares due to concerns about a possible recession. . If you’re tired of watching your stock investments drop in value and are looking for a way to diversify, you may want to consider alternative investments.

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Most Valuable Brands, 2000–2022

Barry Ritholtz

Visual Capitalist : How much money is a brand truly worth? For some companies, a brand is something that helps slightly boost customer engagement and sales. But for others, including some of the largest companies in the world, a strong brand is one of their most valuable assets. The post Most Valuable Brands, 2000–2022 appeared first on The Big Picture.

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Can Time Blocking Make Advisors Happier And More Efficient?

CFO News Room

One of the most important aspects of emotional wellbeing is having a feeling of control over one’s time. Indeed, financial advisors often describe one of the benefits of financial planning as helping people take control of their time by giving them the financial freedom to do what they enjoy. And likewise, for advisors themselves, one of the ways to stay happy and thriving is to have the ability to spend time doing what one finds is most valuable or fulfilling.

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10 Monday AM Reads

Barry Ritholtz

Happy MLK day ! Markets are closed, but the flow never stops. Contextualize the news with our 3-day weekend reads: • The Disappearance of the Hit-Driven Business Model : As the industry changes, where do creative producers fit in? How do we make a living and provide services for the subscriber-driven companies? How do we get paid a sustainable salary, while also having healthcare and supporting the overhead of our work, which often comes out of our own pocket?

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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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Canada Looks Poised to Pass Law on Forced Labor

CFO News Room

Canada could require that companies report on their efforts to stop goods made with forced labor from entering their supply chains, adding to momentum among Western governments to tackle the practice. Pending legislation would compel many companies to report on steps taken to prevent or reduce the use of forced labor in their supply chains by detailing, among other things, parts of the supply chains where forced labor might be occurring and the company’s due-diligence procedures.

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Inflation is expected to have declined in December

CFO News Room

A woman shops in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters. The pace of consumer inflation is expected to have fallen slightly in December from the prior month because of a sharp drop in gasoline and energy prices, but the annual rate is still likely to remain uncomfortably high.

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RBI tweaks norms related to share acquisition in banks

CFO News

In the 'Master Direction - Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023' issued on January 16, the RBI said that it requires major acquisitions in banks to go through it first.

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The Essentials: Managing Projects

CFO News Room

January 16, 2023. We’re in a project economy, where so much of our work is developing something new — a product, a service, an event. That means that many of us manage projects, even if “project manager” isn’t in our official job title. And we’re typically doing this work alongside others, on a deadline, often with multiple stakeholders involved, while objectives and circumstances continuously change.

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Income Tax authorities challenge some recast deals before NCLT

CFO News

Experts said the tax authorities' opposition to some of the corporate restructuring deals stems from concerns that some deals may be structured to avoid taxes. There are also rising instances of the tax department raising the GAAR issues in corporate restructuring at the time of assessment, they said.

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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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The top 10 most expensive locations in the world

Future CFO

Singapore is now one of the top 10 most expensive locations in the world, said ECA recently. The city-state has risen four places in the latest global cost of living rankings, making it the eighth among the world’s most expensive locations and the second in Asia. This was one of the findings of the latest Cost of Living research published by ECA International.

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Apple supplier Foxconn replaces iPhone business chief: Report

CFO News

Chiang replaces longtime leader Wang Charng-yang as head of the iPhone assembly division, the report added.

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#236 – The Treasurers Have Spoken, Episode 2: Survey Results on Payment Hubs and Treasury Aggregators

Strategic Treasurer

Episode 236. The Treasurers Have Spoken, Episode 2: Survey Results on Payment Hubs and Treasury Aggregators. In this second episode in our series covering the 2022 Analyst Report, Craig Jeffery and Paul Galloway of Strategic Treasurer discuss key findings and implications of relevant survey data. This week, we are focusing on payment hubs and treasury aggregators.

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Taxpayers want tax deduction limit doubled under 80C in upcoming budget, says new survey

CFO News

“Responders said they would prefer if the limit doubled from its current Rs1.5 lakh. The current limit hasn’t changed since 2014 and taxpayers are clearly expecting some relief from the upcoming budget,” said Gaurav Rastogi, co-founder, Kuvera.

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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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Salary Survey 2023 Indonesia

Future CFO

In this short video, you'll hear from experts and learn more about the local Indonesia job market as well as the hiring trends you can expect to see over the coming year. You'll also get the latest on the most in-demand skill sets in your field, strategies to recruit and retain top talent and of course, an expert look at salary forecasts for 2023. The post Salary Survey 2023 Indonesia appeared first on FutureCFO.

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New norms to put auto parts companies on profit highway

CFO News

The new rules and the electrification trend are leading to an increase in the content per vehicle, in turn bumping up their revenue and boosting profitability, said top executives at auto component firms ET spoke with. Every time emission standards have become tighter and fuel economy regulations tougher, companies like Cummins have succeeded and managed to increase business with every automaker, said Ashwath Ram, managing director at engine maker Cummins India.

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ESG’s Russia Test: Trial by Fire or Crash and Burn?

CFO News Room

My views on ESG are not a secret. I believe that ESG is, at its core, a feel-good scam that is enriching consultants, measurement services and fund managers , while doing close to nothing for the businesses and investors it claims to help, and even less for society. That judgment may be harsh, but as the Russian hostilities in Ukraine shake up markets, the weakest links in the ESG chain are being exposed, and as the same old rationalizations and excuses get rolled out, I believe that a moment of

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India to lead Asia-Pacific in average pay hike, says new survey

CFO News

India Inc is likely to see an average pay raise of 9.8% in 2023, compared with 9.4% last year, according to Korn Ferry's latest India Compensation Survey. In Asia-Pacific, Vietnam comes a distant second, with a 7% increase expected in 2023, according to the survey. Employees in Australia are likely to get the lowest increment, at 3%.

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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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After the Speakership Fight: What Now in the House?

CFO News Room

The lengthy speakership battle in the House of Representatives this month ended with both sides able to declare victory. This is the best outcome for the Republicans, who probably couldn’t have afforded either alternative: a crushed rebellion or a crushed mainstream leadership. Thanks to the concessions won by the right-wing rebels, the House is more likely to function as a true legislative body.

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57% of India's CEOs remain bullish on country's growth

CFO News

This is the most pessimistic outlook for global economic growth since PwC began asking the question in the survey 12 years ago, and is a significant shift from the positive outlooks of 2021 and 2022. The survey, conducted between October and November 2022, polled 4,410 CEOs in 105 countries and territories, including 68 from India.

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Links 1/16/2023 | naked capitalism

CFO News Room

Reviving the Radical King The Boston Review. US president Joe Biden to give sermon at Martin Luther King’s church, a first Reuters. Who Is Going to Police the New World Trading System? WSJ. Enron, Madoff and now FTX: New York’s Belfer family strike out again FT. “The ability of FTX to woo the wealthy New York family gives a fresh sign of how far Bankman-Fried had penetrated the US elite in his drive to attract investment for his businesses.

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Indian CEOs top global average on plans to cut operating costs

CFO News

Cost cuts are high on the priority list everywhere, with about 93 per cent of Indian CEOs saying they are cutting, have cut or are considering cutting operating costs and spurring revenue growth to mitigate economic challenges and volatility.

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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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Raymond has big plans for big fat Indian weddings

CFO News

Raymond has seen a strong recovery post Covid. It also entered the real estate business using its land parcel in Thane and has started other joint development projects in Mumbai. These projects have a net positive cash flow thanks to land ownership and delivery before schedule.

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Budget 2023: Oil industry eyes windfall tax removal

CFO News

Global prices rocketed and then dropped as the world economy tanked. Retail fuel prices stayed stable through 2022, as companies stopped adjusting prices. Govt imposed windfall taxes partly appropriate crude producers and fuel exporters' extraordinary gains.

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Banks not to pay GST on govt incentives for RuPay, UPI

CFO News

The incentive is in the nature of a subsidy directly linked to the price of the service and the same does not form part of the taxable value of the transaction, the finance ministry said.

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Global employment will grow by just 1% in 2023: International Labour Organization

CFO News

The ILO’s World Employment and Social Outlook: Trends 2023 report, released on Monday, projects the global employment growth tobe only 1% in 2023, less than half the level in 2022. This would lead to an addition of around 3 million jobs to 208 million.

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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.