Fri.May 12, 2023

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FASB’s tax proposal will ‘change the game’

CFO Dive

Previous FASB calls for greater income tax transparency have drawn pushback from businesses. This time the initiative appears to be gaining steam.

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Why Operational Visibility Should Be a Priority for CPG in 2023

Navigator SAP

Influencers, online comparison shopping, and Amazon have dramatically altered the landscape for consumer packaged goods businesses in recent years. Then the pandemic came along, which further messed with business models, supply chains, and revenue projections for CPG firms. Expectations for growth within the industry are strong, with 86% of CPG firms predicting a 2% or greater growth rate in the next 12 months, according to a recent industry survey conducted by Canam Research and sponsored by Na

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Trending Sources

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Why CFOs need to act like the quarterback

CFO Dive

Between juggling ChatGPT advancements and looming ESG reporting guidelines, CFOs need to be a “master of many town halls,” said EY’s Mike Kelly.

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Why Do Companies Use Automation? Exploring the Benefits

Navigator SAP

The latest surveys involving global businesses in various sectors reveal a steady growth in business automation using enterprise resource planning (ERP) systems. In 2020, a study featuring business leaders from different parts of the world showed that 66% of global businesses piloted various automation solutions, while 31% of global businesses have fully automated at least one of their business processes.

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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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Revolut CFO leaves digital bank for ‘personal reasons’

CFO Dive

The company’s finance head is the latest to depart the troubled fintech as it fends off regulatory and financial concerns.

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More Trending

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Retailers lag, energy firms lead in environmental disclosures: Fitch

CFO Dive

Standards for gauging sustainability are gelling amid a backlash against government plans to require corporate disclosure on climate risk.

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Weekend Reading For Financial Planners (May 13-14)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a recent study found that clients of advisors providing comprehensive planning services are significantly more satisfied than those receiving a lower tier of service. The study also highlighted the importance of advisors taking the time to build trust with clients and to understand a client’s goals and needs, as this can not only differentiate an ad

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Costs of software supply chain attacks could exceed $46B this year

CFO Dive

Losses attributed to software supply chain attacks will jump 76%, reaching almost $81 billion by 2026, according to Juniper Research.

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Escorts Kubota CFO eyes 12% pre-Covid margins in FY24, raises capex by 40% to Rs 350 crore

CFO News

Bharat Madan’s main priorities in this fiscal are initiating cost control measures within the company, both on the material cost as well as on the fixed costs, and driving growth to get back the lost market share in the last 2-3 years.

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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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Daring to disagree: Thabo Maake on the Eskom Exemption saga

CFO Talks

Written by Staff Writer There was outrage when National Treasury abruptly announced last month that it was exempting Eskom from reporting irregular, fruitless and wasteful expenditure in its financial statements. A decision that was reversed faster than you can say Des van Rooyen. However, seasoned finance professional, Thabo Maake believes that National Treasury was correct in its decision.

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Podcast: Rit Angles

Barry Ritholtz

I had a very fun conversation with my friend Roben Farzad about the business of culture, the culture of business, media and technology, markets and politics, Hollywood, the economy, investing and so much more. “I’m Roben Farzad, my guest this week is esteemed polymath and Wall Street watcher Barry Ritholtz on bank failures and human nature remote work surprising relationship to productivity Twitter under Elon Musk and markets seeking new leadership and lots more do stay with us.

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ChatCPI

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Dion Rabouin, and Downtown Josh Brown discuss inflation, the Fed, the labor market, Robinhood earnings, the advent of 24/7 trading, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

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Navigating the Future of Work

VCFO

Just as no one could have predicted the disruptions of the past decade, no one can predict with absolute certainty what the future of work will look like. Emerging trends and technologies do, however, give us an indication of how to think about and prepare for that future. Is your business ready for it? A Need for New Skills The continuing emergence of AI, automation, and related technologies means more and more tasks, especially routine administrative and service-oriented tasks, won’t require p

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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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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • The Home Buyer’s Quandary: Nobody’s Selling : Many are ready to move but don’t want to lose the low-rate mortgages they locked in a few years ago, crimping the supply of homes and keeping prices high ( Wall Street Journal ) • Inflation Is Predictably Bad. That’s Progress. Rapidly rising prices have become a “known known” that the central bank and investors can incorporate into their decisions.

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Travel to Turkey and Tunisia with CFO Club

CFO Talks

Written by Staff Writer Calling all finance professionals and industry leaders! Get ready to embark on a captivating tour that combines business and adventure in two vibrant destinations, Turkey and Tunisia. From June 6th to June 12th, the CFO Club invites you to join us for an unforgettable experience at the esteemed International COGEREF Conference 2023.

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Inflation numbers show monetary policy's on the right track: RBI Governor Shaktikanta Das

CFO News

The recent drop in India's Consumer Price Index (CPI) indicates that the monetary policy is on the right path, according to Reserve Bank of India Governor Shaktikanta Das. The CPI inflation rate reached an 18-month low of 4.7% in April, down from 5.7% in the previous month. The central bank has raised the repo rate by 250 basis points since May 2022 to meet the 4% CPI target.

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Cedacri Bond Pricing – 12 May

Reval

Cedacri Bond Pricing Press Release – 12 May The post Cedacri Bond Pricing – 12 May appeared first on ION.

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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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Byju’s raises debt of Rs 2,000 crore linked to future Aakash IPO

CFO News

The transaction, which closed on Friday, is a three-year tenor loan facility with an equity upside linked to Aakash’s planned public listing in the near future.

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The Ultimate Guide to Better Cash Flow Forecasting for Business Services

CFO Selections

There is a misconception that business services companies do not need to prioritize cash flow management in the same way that retail businesses do because they do not have the same kind of inventory demands. However, cash flow planning is just as important for service providers as it is for retailers because cash is the lifeblood of both!

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Industrial production growth declines to 1.1% in March

CFO News

The index of industrial production grew 1.1% in the month of March, according to official data released on Friday. It had risen 5.6% in February. ​​Factory output measured in terms of the Index of Industrial Production (IIP) grew 2.2 per cent in March 2022.

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Tata Motors India biz net debt lowest in 15 years, declares dividend first time since FY16

CFO News

The auto major has announced a final dividend of INR 2 per Ordinary Share, which is declared for the first time in seven years. For the January-March 2023 quarter, the automaker reported a consolidated net profit of INR 5,408 crore. It had reported a consolidated net loss of INR 1,033 crore in the January-March 2022 quarter.

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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.

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DLF reports new sales booking of Rs 15,058 crore during FY 23

CFO News

The company's new sales bookings of Rs. 8,458 crore recorded a YoY growth of 210%, with cumulative new sales for the fiscal at a record of Rs. 15,058 crore. DLF's office portfolio remained steady, and its retail business exhibited strong demand momentum, with footfall levels reaching pre-pandemic levels.

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Startups face significant valuation markdown amidst funding winter

CFO News

Oyo and PineLabs lose more than 50% valuation, followed by Byju's, which has lost about 48% in total. Many other startups continue to be markdown, here's a list.

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Adani Green defers key board meeting on equity fundraising

CFO News

​On May 10, three Adani Group companies Adani Enterprises, Adani Green, and Adani Transmission informed the bourses about the board meeting to consider the fundraising proposal.

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RBI imposes Rs 2.92 crore penalty on Canara Bank

CFO News

After scrutiny, the RBI found that the bank failed to link interest on floating rate retail loans and loans to MSME to an external benchmark and also failed to link interest on floating rate rupee loans sanctioned and renewed during financial year 2020-21 to its Marginal Cost of Lending Rate (MCLR).

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.