Mon.Feb 17, 2025

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Get More Out Of Time-Tracking Software With Useful Data And Regain Control Of Your Time

Nerd's Eye View

In order to deliver the best service to their clients, financial advisors often take on responsibilities beyond giving financial advice, including compliance, marketing, team management, and other operational duties. With only so many hours in a day and demands coming from every direction, it can be challenging to prioritize the most important things for growing an advisory firm.

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NFRA report flags audit lapses at PwC firms, highlights related party transaction and independence concerns; firms commit to improvements

CFO News

The National Financial Reporting Authority (NFRA) has published its 2023 audit inspection report on Price Waterhouse Chartered Accountants LLP (PWCA) and Price Waterhouse & Co Chartered Accountants LLP (PW & Co CA), highlighting issues related to the verification of related party transactions and adherence to independence standards. In response, both firms have committed to making necessary improvements to their audit processes and policies.

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Realigning financial strategies with Asia's economic shift

Future CFO

Asia, by 2040, is anticipated to be contributing 42% of global GDP, showing how the region is on the cusp of a new era and is on its way to expanding its global influence, according to McKinsey & Company. The global management consulting firm's analysis found that Asia could be home to 60% of the Fortune Global 500 companies and have 55% of the worlds total workforce.

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KPIs vs Metrics: What's the Best Way to Monitor Performance?

The Finance Weekly

Thriving in business requires more than just data collection, it also needs to identify the figures that impact growth. Lets take a quick example from Amazon sellers analyzing data. They might track conversion rate as a Key Performance Indicator (KPI) to measure how effectively potential customers turn into buyers. Meanwhile, the click-through rate serves as a supporting metric, showing how many people click on a product listing after seeing it in search results.

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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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The Key to Effective Risk Management in Business with Chris Weeks, CFO Center UK

CFO Talks

The Key to Effective Risk Management in Business with Chris Weeks, CFO Center UK In the latest CFO Club podcast, we had the pleasure of hosting Chris Weeks from CFO Center UK. Chris shared invaluable insights into effective risk management strategies and how businesses can better prepare for uncertainty. Here are some key takeaways from our discussion: 1.

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7 Reasons Every Startup Needs a Fractional CFO from Day One

CFO Selections

Executive Summary: In this article, well explore why every startup should consider hiring a fractional CFO from day one and discuss how a fractional CFO can help prevent costly mistakes that could derail a business. Launching a startup is an exhilarating journey, full of opportunity and innovation. However, the path to success is also fraught with financial complexities that can overwhelm even the most capable entrepreneurs.

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1072: Numbers, Narratives, and Navigating Change | Amy Butte, CFO, Navan

CFO Thought Leader

It was a phone call Amy Butte tells us she will never forget. Lifting the receiver, she heard the familiar voice of her fatheran accountant who had always championed her career. But this time, his words were tinged with a curious mixture of praise and amazement. He simply couldnt fathom how his daughter, who had taken only one accounting class, was now the CFO of the New York Stock Exchange.

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Sailing Through Rapid Business Growth Challenges

CFO Plans

In the whirlwind world of tech startups and fast-growing businesses, navigating rapid expansion can feel like sailing through a storm. The excitement of growth is palpable, but it comes with its own set of challenges, particularly in managing cash flow. As your business scales, the potential for financial strain increases, making it crucial to adopt proactive measures to identify and solve cash flow problems.

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India leading the next phase of global outsourcing expansion: Deloitte report

CFO News

India's outsourcing sector is transforming, with 81% of organizations planning to increase efforts due to technological advances, expertise access, and cost efficiency. Strategic services and AI-driven outsourcing are expanding, leading to outcome-based contracts. Combining GBS centers, third-party providers, and BOT models, India remains a preferred destination for outsourcing, offering significant cost savings and innovative solutions.

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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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Transcript: Christine Phillpotts, Ariel Investments

Barry Ritholtz

The transcript from this weeks, MiB: Christine Phillpotts, Ariel Investments , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Riol on Bloomberg Radio. 00:00:16 [Speaker Changed] This week on the podcast I have another extra special guest.

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Fino Payments Bank ready for swift transition to SFB if approval comes, says CFO Ketan Merchant

CFO News

CFO Ketan Merchant told ETCFO that while the transition to a small finance bank will enable Fino Payments Bank to introduce credit as an additional offering, the bank will remain committed to its core fee-based model. With the current network of 18 lakh merchants, Fino aims to focus on the lower-end SME segment for lending. Merchant discussed current growth drivers, regulatory requirements on transition to SFB, and the way forward.

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10 President’s Day Reads

Barry Ritholtz

My back-to-work morning train WFH reads: OnlyFans Sticky Business Model : One of the wildest recent stats Ive seen is that 1.4 million American women have created an OnlyFans account, equivalent to 2% of all American women aged 18-45. That figure is from writer Tiana Lowe Doescher and she based it on OnlyFans data, so take them with a grain of salt.

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SC seeks response from MCA on NFRA appeal over quashed show-cause notices to auditors

CFO News

The Supreme Court sought responses regarding an appeal by the NFRA against a Delhi High Court decision that quashed show-cause notices to auditors like Deloitte for procedural violations. The Court allowed NFRA to continue disciplinary proceedings under certain conditions, pending further hearings. The case involves significant legal implications and concerns over potential misconduct by auditors.

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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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State of the Economy: How macroeconomic indicators performed in January 2025?

CFO News

As India steps into 2025, the economy finds itself at a crossroads, marked by ambitious reforms, shifting market dynamics, and persistent challenges. The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, underscores the governments focus on economic growth, with key measures aimed at easing the burden on the middle class and salaried workers.

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ICSI, ICMAI demand inclusion of co secretaries, cost accountants as 'accountant' in Income Tax Bill

CFO News

The Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants of India (ICMAI) urge the government to recognize their members as 'accountants' in the Income Tax Bill, 2025. They emphasize the crucial role these professionals play in compliance with tax regulations and seek a level playing field.

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India maintains DEI momentum as US firms pause DEI efforts

CFO News

US firms are re-evaluating their DEI commitments amid changing political climates, with some corporations rolling back initiatives. However, in India, MNCs and their affiliates are showing resilience. Though some companies are pausing or modifying DEI programs, many continue under other frameworks like CSR and workplace culture improvement.

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Tesla starts recruitment in India, sends signal of entering EV market

CFO News

Tesla is recruiting for a range of roles in India, focusing on the Mumbai Suburban area, signaling its intent to enter the Indian market. This move follows Elon Musk's discussion with Prime Minister Modi and India's new EV policy aimed at attracting global players with import duty concessions for manufacturing investments.

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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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India, Qatar ink MoUs to strengthen economic ties

CFO News

Commerce and Industry Minister Piyush Goyal announced on Tuesday that two MoUs have been signed between the Qatari Businessmen Association (QBA) and Confederation of Indian Industry (CII) and another between Invest Qatar and Invest India. The Minister also announced the elevation of the Joint Working Group on Trade and Commerce to the Ministerial level.

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India, Italy hold discussion to strengthen collaboration in agriculture, defence and space

CFO News

India and Italy held discussions in New Delhi to enhance collaboration in key sectors such as agriculture, defence, space, infrastructure, and transport.

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Economy expected to grow 6.4 pc in Q3: ICRA

CFO News

India's GDP is projected to grow by 6.4% in the December quarter, driven by increased government spending on capital and revenue expenditure. Enhanced investment activity and high growth in services exports also contributed, although uneven consumption remains a challenge. The National Statistical Office will release the October-December growth estimates on February 28.

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India delivering good returns on investments: Nirmala Sitharaman

CFO News

Union Finance Minister Nirmala Sitharaman emphasized that India provides good returns on investments, which attracts investors seeking profit. Finance Secretary Tuhin Kanta Pandey noted that FIIs tend to return to their home countries during global uncertainties. Sitharaman affirmed measures to control inflation, and the government is considering increasing the DICGC cover.

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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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Unregistered persons can now generate e-Way Bill for GST compliance; Step-by-step guide on how to file ENR-03 on E-Way Bill portal

CFO News

GSTN Advisory February 15, 2025: Unregistered dealers engaged in the movement or transportation of goods can now generate e-Way Bills by enrolling themselves on the EWB portal and obtaining a unique Enrolment ID. This ID will serve as an alternative to the Supplier GSTIN or Recipient GSTIN for generating e-Way Bills. Read below for step-by-step guide on how to file ENR-03 form.

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Experts intrigued by inclusion of electoral bonds in new Income Tax Bill

CFO News

The new Income Tax Bill, 2025 includes provisions on electoral bonds despite their unconstitutionality as ruled by the Supreme Court last year. Experts suggest this could be an oversight or a strategic move by the government to potentially reintroduce a revised version of the scheme.

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Finance Minister hands over keys to homebuyers under SWAMIH Fund in Mumbai

CFO News

Union Finance Minister Nirmala Sitharaman handed over keys to homebuyers of long-stressed residential projects completed under the SWAMIH I Fund, marking the completion of 50,000 homes. Established in 2019, the SWAMIH Fund aims to revive stressed housing projects and boost affordable housing.

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Byju's committee of creditors votes to appoint new resolution professional

CFO News

The lenders action follows the tribunal directing the CoC to submit its recommendation on the appointment of a new resolution professional, after NCLT found lapses in the conduct of RP Pankaj Srivastava and had called for initiation of disciplinary proceedings against him.

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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.