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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Planning Your Restaurants 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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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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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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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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India's retail inflation eases at 18-month low to 4.7% in April

CFO News

The number has remained below the Reserve Bank of India’s (RBI) upper band target of 6% for the second consecutive month.

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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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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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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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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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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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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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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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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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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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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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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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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.

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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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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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Judiciary to be in sync with bankruptcy law to ensure banks can recover dues: Uday Kotak

CFO News

Uday Kotak, CEO of Kotak Mahindra Bank, stated that India needs to fix its judiciary system related to the bankruptcy law to ensure that banks are able to recover money from borrowers. Speaking at the launch of his book 'Made in India' in the presence of RBI Governor Shaktikanta Das, Kotak also highlighted the need for a well-coordinated system to support audacious corporate moves.

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India's recovery bright spot for global outlook: Nirmala Sitharaman

CFO News

India's rapid post-pandemic recovery is a "bright spot for the global growth outlook", according to Finance Minister Nirmala Sitharaman. However, she also acknowledged the challenges faced by emerging market developing economies attempting to balance sustainable growth with environmental objectives. Speaking in Japan at the G7's meeting of finance ministers and central bank governors, Sitharaman also urged the bolstering of multilateral development banks to resolve the debt crisis faced

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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G7 finance chiefs to warn of global uncertainty as US debt crisis looms

CFO News

On the banking troubles, the draft communique said policymakers would tackle "data, supervisory, and regulatory gaps in the banking system" The grouping is expected to reiterate its condemnation of Russia's invasion of Ukraine and pledge to strengthen monitoring of cross-border transactions between Russia and other countries.

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Salary increases in India's banking and financial services sector are expected to range between 9 and 12%

CFO News

The banking crisis in the US is unlikely to impact the sector in India as Indian banking is primarily domestic banking with a small proportion of NRI deposits, Sabnavis said. “Also in terms of exposure, though all banks have branches abroad, their exposure and risk is very limited.” Latest data from jobs portal Naukri.com show hiring activity increasing 13% in the insurance sector and 11% in the banking sector in April, compared with the same month last year.

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Court probe of Adani short-seller saga tests India’s institutions

CFO News

India's top court is due to reveal its findings on allegations directed at the Adani Group by Hindenburg Research, who accused of corporate fraud. The court set up a six-member panel, which has filed its report on any regulatory failures and suggested reforms for investor protection. The court had also asked SEBI to separately investigate Hindenburg's allegations, which the group has denied.

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