Wed.Nov 15, 2023

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Retail sales fall, adding to signs economy cooling after hot Q3 growth

CFO Dive

Gradual declines in consumer spending, hiring and inflation suggest that the Federal Reserve may achieve a “soft landing” for the economy.

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Investing Behavioral Hacks

Barry Ritholtz

Markets screamed higher yesterday after a benign CPI report showed a 0.0% monthly price increase and inflation falling to 3.2% year over year. After a big gap opening, latecomers piled in; many had been sitting on the sidelines following a challenging 2022, while others got panicked out during the 10% October drawdown. It was a classic fear-driven error, a combination of bad market timing and poor impulse control.

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Trending Sources

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‘Cash is king’ carries new weight in high-rate, SVB era

CFO Dive

The higher cost of capital has executives doubling down on cash by incentivizing customers to pay sooner and holding inventory reins tighter, according to panelists at the MIT Sloan CFO Summit.

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Roles of NFRA and ICAI are not overlapping but complementary: Pandey

CFO News

Accounting: The institutional mechanism is clearly laid out between the two regulatory bodies, the chairperson of NFRA said.

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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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Lowe’s veteran tapped for Advance Auto CFO seat

CFO Dive

The appointment comes as the auto parts supplier is focused on a comprehensive review of the business after posting weak financial results this year.

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More Trending

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How to Prepare for a Financial Audit

CFO Share

Embarking on your first financial audit can be nerve-wracking. As a small business owner or finance manager, it’s crucial to approach this process with a clear plan. This article includes small business accounting tips to prepare for an audit while minimizing its expenses and findings. What Do Financial Auditors Look For? Auditors assess your financial statements’ accuracy, ensuring they are free of material misstatements.

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Four critical areas of focus for sustainability shifts

Future CFO

As the observed momentum behind sustainability and dynamic shifts in consumer behaviour undoubtedly has profound implications for any company, it is imperative that organisations must keep an eye on particular areas of business. Bain & Company enumerates four critical areas of focus that finance leaders must consider regarding sustainability. Devise a future-proof and flexible strategy.

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Strategies to Enhance Your Business’s Fiscal Robustness

CFO Share

Navigating the complexities of business finances can be daunting, especially without a financial advisor. Achieving fiscal stability amidst market uncertainties is a top priority for any business owner. Through strategic insights and actionable measures, fortifying your business’s financial resilience is attainable. What does robust mean in financials?

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Why leaders must invest in employee upskilling for sustainability

Future CFO

In the bid to keep up with the sustainability shifts, finance leaders must look into upskilling employees to rise to the challenge. In a study by Bain & Company , it was found that 75% of business leaders believe they have not embedded sustainability well into their business. This include a lack of initiative in developing talent as the instinct of many organisation leaders is to prioritise external hiring to address all skill gaps, including in sustainability.

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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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India, 13 others of IPEF ink supply chain resilience pact to reduce dependence on China

CFO News

IPEF has 14 members, including India, Australia, the US, Japan, Fiji, South Korea, New Zealand, Singapore and Thailand, representing 40% of the global gross domestic product and 28% of the global trade in goods and services.

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Making the case for connecting the spreadsheet dots

Future CFO

Spreadsheet use remains a staple of many business functions. And why not? It is relatively easy to use. The software itself is readily available. And nearly everyone – young and old – will likely know how to use it or pick it up easily. Of course, its ease of use and accessibility have also been its biggest drawbacks as it has allowed for the proliferation of disconnected, whether intentional or otherwise, data files.

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Companies go on a big legal talent hunt

CFO News

The scramble for the best and the brightest legal talent has been ignited by a constantly changing regulatory environment, rising focus on corporate governance and ethical standards, and regularly evolving GST structures. This is leading to a massive churn in CLOs, said HR consultants and company officials.

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Carsome announces new CFO

Future CFO

Carsome Group Inc., a Southeast Asian integrated car e-Commerce platform, announced recently its appointment of Miguel Fernandez as its group CFO. Succeeding Juliet Zhu, who will remain in her role as group president, Fernandez will report directly to Carsome’s chairman and group CEO, Eric Cheng. Miguel's background encompasses a wide range of industries, including fintech, e-commerce, manufacturing, distribution, private equity, and financial services, spanning public, private, and venture capi

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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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Cash seizures by tax officials rise ahead of elections in five states: CBDT

CFO News

In the run-up to the assembly elections in five states, the income tax department has seized more unexplained cash as compared to elections held in those states earlier, CBDT chairman Nitin Gupta said on Wednesday.

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Should Your Nonprofit Have Debt?

The Charity CFO

If you’re like most nonprofit leaders, you probably have questions — and possibly mixed feelings — about nonprofit debt. That’s because you’ve also probably received mixed messages about nonprofits and debt. Nonprofits aren’t often encouraged to take on debt. But while studies show that Charity Navigator gives higher ratings to organizations with lower liability-to-asset ratios, studies indicate that holding no debt isn’t optimal , either.

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RBI asks Bajaj Finance to stop disbursal of loans under 'eCOM' and 'Insta EMI Card'

CFO News

Last month, the RBI banned public sector Bank of Baroda (BoB) from onboarding any new customers onto its 'bob World' mobile application three months after a news network said the bank linked bank accounts to unregistered mobile numbers and signed them up to the application. Earlier in December 2020, the RBI had banned HDFC Bank the largest issuer of credit cards in the country, from issuing new cards and introducing digital products after multiple systemic glitches were reported in the preceding

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Fractional CFOs for SMEs

Beacon CFO Plus

Providing Strategic Expertise and Guidance “Success in management requires learning as fast as the world is changing.” – Warren Bennis There is no shortage of challenges for new business owners, from startups to family-owned businesses or independently owned enterprises. No matter your industry, you must keep up with ever-changing market competition, regulatory requirements, talent acquisition needs, and new technology adoption.

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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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India’s October trade gap widens to a record $31.5 bn, higher than poll of $20.50 bn

CFO News

India's merchandise trade deficit in October was $31.46 billion, despite a 6.2% increase in exports to $33.57 billion. Imports rose to $65.03 billion, offset by the rise in exports. The spike in global crude oil prices led to an increase in imports. Gold imports also rose by 5.5% to $29.48 billion. Commerce Secretary Sunil Barthwal said trade numbers in October reflect 'green shoots'.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train reads: • How inheritance data secretly explains U.S. inequality : A little over 1 in 5 U.S. households had received an inheritance at some point in their lives as of 2022, according to the Federal Reserve’s remarkable Survey of Consumer Finances. The inheritance rate jumps to 2 out of 5 if you look only at folks in their 70s, who have had more time for their parents and favorite aunts to meet a regrettable but timely demise.

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ONGC plans to invest Rs 1 lakh cr to set up 2 petrochemical plants

CFO News

India's top oil and gas producer, ONGC, plans to invest approximately Rs 1 lakh crore in establishing two petrochemical plants to directly convert crude oil into high-value chemical products. This initiative aligns with the global shift away from fossil fuels, with ONGC targeting the production of chemicals that are crucial for manufacturing detergents, fibers, plastics, and pharmaceuticals.

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Two Dabur cos get relief in multiple lawsuits in US court, 3rd entity to face charges

CFO News

Dabur International and Dermoviva were removed and got relief in the multiple suits due to lack of jurisdiction as they have not either manufactured, marketed, distributed or sold hair relaxer products in the US, a statement said.

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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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Regulatory breaches in grant of Religare arm's Esops to Chief: InGovern

CFO News

Esops: InGovern estimated the value of Saluja's stock options of Religare and of its subsidiary Care Health Insurance over the past 3-4 years at ₹480 crore.

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