Mon.Nov 21, 2022

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Congruex taps Lumen Tech alum as new CFO

CFO Dive

Lumen Technologies alum Neel Dev will become CFO as Andy Carlson moves to a newly created role focusing on M&A, Congruex announced.

CFO 269
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Which is Worse: Inflation or Unemployment?

Barry Ritholtz

You may have missed this wonderful Josh Zumbrun column in the Wall Street Journal last week: “ Inflation and Unemployment Both Make You Miserable, but Maybe Not Equally.”. It’s one of those things that are so obvious no one ever stops to think about it – and so we have overlooked this for decades. 1. Stop for a moment and consider the original Misery Index formula as invented by the economist Arthur Okun : add the 3.7% unemployment rate ( BLS NFP ) to the 7.7% inflation rate as measured by the c

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AICPA seeks to ease talent ‘crunch’

CFO Dive

The Registered Apprenticeship for Finance Business Partners Program aims to help CFOs by expanding the pool of talent available for long-term employment.

Finance 267
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Liquidity and Bankruptcy

Corporate Finance

As investors have learned, like any other investment, cryptocurrency is subject to volatility. The recent bankruptcy filing of crypto exchange FTX shows, this volatility can be extreme. For example, the Ontario Teachers' Pension plan wrote down $95 million due to the collapse. As you probably know, bankruptcy occurs when liabilities are greater than assets.

Sales 130
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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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Suppliers get break from extended terms as tables turn

CFO Dive

The go-to cash management strategy of extending payment terms is running out of steam. Suppliers are taking back control.

More Trending

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CFO stressors: four cures for inflation fever

CFO Dive

CFOs have seized on ways to shield profits against the worst price pressures in nearly 40 years.

CFO 258
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PodChats for FutureCFO: Revisiting FP&A roles post-pandemic

Future CFO

Financial Planning and Analysis (FP&A) teams play a crucial role in companies by performing budgeting, forecasting, and analysis that support major corporate decisions of the CFO, CEO, and the Board of Directors. According to the Corporate Finance Institute , FP&A professionals oversee a broad array of financial affairs, including income, expenses, taxes, capital expenditures, investments, and financial statements.

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Partner Spotlight: G7 Tech Services

Centage

G7 Tech Services aggregates data from across internal and external platforms into easy-to-understand, always-up-to-date dashboards for our clients to create instant reports and answer questions easily to support strategic decision making. We eliminate stupid tasks. Seriously. Q&A with Odeta Pine, Founder & CEO. Where is your organization located and how many people do you employ?

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Petty Cash The Right Way

CFO Simplified

You know how everyone likes to have a little extra cash on hand for those unexpected expenses? Well, your business is no different. So why not set up a petty cash account with a small amount of money that can be used for things like running to the hardware store or office supply store? The important thing is to keep track of all the expenses associated with the account.

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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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Manager Selection: The Power of Payoff

CFA Institute

The most important portfolio manager skill metric is often overlooked.

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Increasing Financial Planning Efficiency With A Systematized Annual Process

Nerd's Eye View

A common service model for many financial advisory firms is to schedule annual client meetings throughout the year where the advisor meets with each client in the month they started working with the firm, and conducts a comprehensive review of all planning topics for the client. Which means that on any given workday, advisors might find themselves reviewing one client’s portfolio and another’s estate plan in the morning, and having a meeting with a third client later in the afternoon

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Southeast Asian economic growth to hit 4-5% annually

Future CFO

The Southeast Asian economic growth is forecasted to hit 4-5% annually over the next 10 years, said Bain recently when releasing a report jointly produced with Monk’s Hill Angsana Council. Vietnam is expected to lead the charge at a projected growth of 5-7%, the firm noted. While many economists have correctly focused on the pro-growth policies, stable macroeconomics and healthy demographics of Southeast Asia , they often miss two critical sources of additional growth, according to the report ti

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197: Anders Liu-Lindberg

CFO Talks

1X. ‘ Cracking the code on business partnering ‘ Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. Go to www.cfoclub.co.za and join our community of accounting and finance executives.

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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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Should You Invest in Real Estate Right Now? Here’s Why or Why Not

Financial Analyst Insider

There is no definitive answer to the question of whether or not you should invest in real estate right now. The reason for this is. The post Should You Invest in Real Estate Right Now? Here’s Why or Why Not appeared first on Financial Analyst Insider.

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Liquidity and Bankruptcy

Essentials of Corporate Finance

As investors have learned, like any other investment, cryptocurrency is subject to volatility. The recent bankruptcy filing of crypto exchange FTX shows, this volatility can be extreme. For example, the Ontario Teachers' Pension plan wrote down $95 million due to the collapse. As you probably know, bankruptcy occurs when liabilities are greater than assets.

Sales 52
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#228 – Stewardship: Environment, Finance, and the Community

Strategic Treasurer

Episode 228. Stewardship: Environment, Finance, and the Community. Companies are stepping back to take a long-term look at their business plans. Meeting annual and quarterly targets is being balanced with new ideas for long-term strategic plans. In this podcast, Craig Jeffery talks with Christy Wright about the commitment that Southwire has made to its community and environment.

Finance 52
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ION makes quantum leap in Chartis Research’s RiskTech100 Rankings 2023

Reval

LONDON – 21 November 2022: ION— the leading provider of mission-critical trading, risk. The post ION makes quantum leap in Chartis Research’s RiskTech100 Rankings 2023 appeared first on ION.

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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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How Advisors Can Create An Annual Financial Planning Process

CFO News Room

Executive Summary. A common service model for many financial advisory firms is to schedule annual client meetings throughout the year where the advisor meets with each client in the month they started working with the firm, and conducts a comprehensive review of all planning topics for the client. Which means that on any given workday, advisors might find themselves reviewing one client’s portfolio and another’s estate plan in the morning, and having a meeting with a third client later in the af

Planning 130
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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • VCs Poured $41 Billion Into Crypto in the Past 18 Months. Is There Any Hope for a Profit? Investors face tough questions following the FTX debacle. ( Institutional Investor ). • Elon Musk’s Reckless Plan to Make Sex Pay on Twitter : A plan to monetize adult content could make sense from a business and social standpoint.

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Disney, Carvana, Diamondback Energy and more

CFO News Room

A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California. Bloomberg | Bloomberg | Getty Images. Check out the companies making headlines in midday trading. Disney — Shares jumped 5% after the company reappointed Bob Iger as chief executive officer , effective immediately and 11 months after he left Disney.

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To Temper the Effects of Monetary Restraint, We Need Pro-Growth…

CFO News Room

Political pressure is mounting against Federal Reserve Chair Jerome Powell to curb his inflation fight by limiting further interest rate hikes and resuming quantitative easing. But with inflation continuing, it would be a grave mistake for Powell to bend to this political pressure. Instead, Congress and the executive branch should do their part and implement pro-growth fiscal policy to balance the Fed’s necessary monetary restraint. .

Economics 130
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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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Links 11/21/2022 | naked capitalism

CFO News Room

Computer powered by colony of blue-green algae has run for six months New Scientist. Martian dust storms parch the planet by driving water into space Science. Pierre Wunsch: Germs, war and central banks (PDF) Bank of International Settlements. Interesting on r* and models. 5 killed, 25 injured in shooting at LGBTQ nightclub in Colorado; gunman subdued by patrons KCRA.

Auditing 130