Wed.Aug 02, 2023

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Uber confirms long-time CFO’s exit

CFO Dive

CFO Nelson Chai will depart from the ride-share company next year as Uber continues to focus on profitable growth. It reported its first-ever quarterly GAAP operating profit Tuesday.

GAAP 239
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At 62.3, India's services sector growth fastest in 13 years on strong demand

CFO News

According to S&P Global, the upturn in total new orders was boosted by a pick-up in international sales, while operating costs rose at the fastest pace since June 2022 and firms passed on some of that burden to customers.

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CFOs see brighter economic prospects: survey

CFO Dive

Optimism in the economic outlook is far stronger in North America than in Europe and Asia, according to two accounting organizations.

Economics 222
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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning Plane reads: • A Generational Change : People view bonds as competition for stocks as a bad thing. But it’s not.( Irrelevant Investor ) see also Stocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99 : Fixed income underwhelms as Teflon economy strands bears More than half of JPMorgan clients now see no recession. ( Bloomberg ) • Local Malls, Stuck in ‘Death Spiral,’ Plunge in Value Crystal Mall in Connecticut, worth $150 million in 2012, recently sold for $9.5 mill

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Traceable takes on digital fraudsters with AI

CFO Dive

The startup’s fraud detection solution zeroes in on APIs, which are increasingly becoming prominent vectors for cybercriminals.

Startups 214

More Trending

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Stripe brings tax product to platforms, taps AI

CFO Dive

The tool can help CFOs wade through a complicated tax compliance environment, easing the path to international growth, Stripe said.

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Regulation should provide a settlement mechanism for auditors: BSR’s Audit Head

CFO News

Sudhir Soni also stressed retaining high-quality talent in audit and responding to rapid technology changes are the top two challenges facing the accounting profession.

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Planning For Adoption: Understanding Different Pathways And Their Costs, Tax Breaks, And Financial Assistance Available

Nerd's Eye View

Adoption, the social and legal process in which an adult is formally made the parent of another individual (typically a child), helps fill a critical need in society: to unite children who need loving families with those who want to raise children. At the same time, adoption can be expensive, with costs that can add up to $70,000 or more. Which means that financial advisors can play an important role in adoption planning – helping clients strategically plan for the costs involved in the pr

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Fitch downgrades U.S. debt and we should have seen it coming

Tips Watch

By David Enna, Tipswatch.com We got a surprise announcement yesterday that should surprise no one: Fitch Ratings downgraded the Issuer Default Rating on U.S. debt to ‘AA+’ from ‘AAA,’ with a stable outlook.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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CXOs log out of unicorns to start up own ventures

CFO News

A large number of top executives have moved from unicorns to Series A and B firms or even down the chain in recent months – a move that reflects fund flows in the startup space.

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Welcome Charles Williams

Focus CFO

Charles Williams has joined the FocusCFO team in the Nashville Metro Area, and will be providing Fractional CFO services to small and medium-sized businesses. Charles brings a wealth of knowledge and expertise to FocusCFO, with extensive experience in national and international finance, development, accounting, operations, administration, and information systems.

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US debt: What does the loss of a triple A rating mean?

CFO News

The top three global ratings agencies: S&P Global, Fitch and Moody's, use the same system of letters, ranging from a top AAA rating through B, C and D for payment defaults.

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The factor that will drag on growth of six Asian economies

Future CFO

An ageing population will drag on growth of six Asian economies, said Moody’s recently. The growth of six Asian economies — China (A1 stable), Hong Kong(Aa3 stable), Japan (A1 stable), Korea (Aa2 stable), Singapore (Aaa stable) and Taiwan (Aa3 stable) — will face domestic pressures due to rapid increases in their populations aged 65 and above and huge declines in those of working age over the next two decades, the credit rating agency noted.

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Planning Your Restaurant's 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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Clips From Today’s Closing Bell

The Reformed Broker

Earnings are justifying the rally, but aren’t on further gains, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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RIL gears up to produce green hydrogen in two years

CFO News

“RIL is setting up a green hydrogen dispensation infrastructure,” an industry official said on condition of anonymity. “The company is targeting production of green hydrogen by 2025 and when that happens, it needs a ready infrastructure for offtake of that green hydrogen.

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Zero-Based And Traditional Budgeting: What Is The Difference

Spreadym

The basics of the corporate budgeting Corporate budgeting is the process by which a company or organization plans and allocates its financial resources to achieve its strategic objectives. It involves creating a detailed financial plan that outlines projected revenues, expenses, and investments for a specific period, typically a fiscal year. Corporate budgeting is a crucial aspect of financial management and strategic planning, as it allows companies to set clear financial targets, allocate reso

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Air India accumulated losses at FY23-end pegged at Rs 14,000 crore

CFO News

The accumulated losses include write-offs on old planes and engines besides those on account of AirAsia India. An impairment cost upward of ₹1,500 crore is estimated against AirAsia India and about ₹5,000 crore due to Air India's ageing planes and engines.

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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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Press Profiles: 500th Episode of Masters in Business

Barry Ritholtz

I recorded an interview with Russell Sherman of ProSec, who interviews various people in the media to discuss their careers in Press Profiles. The excuse was the 500th episode (more or less) of Masters in Business. Here is Russelll: Barry Ritholtz just recorded his 500th episode of the highly regarded Master’s in Business radio show and podcast on Bloomberg.

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NCLAT defers hearing on IDBI Bank's plea against Zee Entertainment to Aug 17

CFO News

The National Company Law Appellate Tribunal (NCLAT) on Wednesday deferred the hearing of IDBI bank's plea against Zee Entertainment till August 17. The private lender has challenged an NCLT order, which had on May 19 rejected its plea to initiate insolvency proceedings against the media major.

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A Modern Nonprofit Podcast: What Really Goes On in the Boardroom?

The Charity CFO

Welcome to the Modern Nonprofit Podcast! Today our guest is Sarah Olivieri. Sarah is a seasoned leader in the nonprofit sector, leverages over 18 years of experience to guide organizations towards success. As the CEO and Founder of PivotGround , Olivieri implements her innovative Impact Method™ to simplify operations, create aligned teams, and increase impact.

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Spectrum rules may not be same for all satcom companies

CFO News

In its consultation paper also, the regulator had categorically asked whether space-based communication services should be categorised into different classes of services requiring different treatment for spectrum assignment. If yes, what should be the classification of services and which type of services should fall under each class of service, it asked.

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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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Do You Need to Switch to a Rolling Forecast?

CFO Selections

If you’re wondering whether your company needs to switch to a rolling forecast, it’s important to look at why you’re asking. The simple act of questioning whether your current budgeting process is sufficient likely indicates that you have identified a shortcoming in your current budgeting process that provides an opportunity for improvement. Moving to a rolling forecast may offer benefits over your existing methodology, but it’s important to understand the pros and cons associated with using a r

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Digital Personal Data Protection bill: Government may pull content or block access to platform

CFO News

The measure to block access has been introduced to give the government control on repeated instances of flagrant violations of the provisions of the bill, a senior government official said.

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ION’s XTP Execution offers trading connectivity to Cboe Europe Derivatives (CEDX)

Reval

LONDON – 02 August 2023: ION, a global provider of trading, analytics, treasury, The post ION’s XTP Execution offers trading connectivity to Cboe Europe Derivatives (CEDX) appeared first on ION.

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Cabinet secretary to review progress of PLI scheme in all 14 sectors on Thursday

CFO News

Cabinet secretary Rajiv Gauba is expected to review the progress of the production linked incentive scheme (PLI) for all the 14 sectors on Thursday, sources said. The meeting assumed significance as the government disbursed only Rs 2,900 crore till March 2023 out of Rs 3,400 crore claims received under the scheme.

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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.