Fri.Feb 09, 2024

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CEO optimism hits two-year high as inflation cools: Conference Board

CFO Dive

More than one out of three top executives believe the economic outlook will brighten during the next six months, according to a Conference Board and Business Council survey.

Economics 277
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Weekend Reading For Financial Planners (February 10-11)

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 survey sponsored by CFP Board demonstrates the upsides of a career in financial planning, from a median salary of nearly $200,000 to flexible work schedules and a strong sense of purpose among advisors. In addition, related research suggests further opportunities for firms looking to acquire and retain talent, from providing a greater sense of autonomy to bu

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Minority CPAs drop 26% after 150-hour rule: MIT

CFO Dive

Proponents of the more onerous rule say it raises the quality of accounting services. The study’s authors found “scant evidence.

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Slow progress: Women in CFO roles remain a minority in India

CFO News

Numbers have improved in 2024 so far, but data from 2,257 NSE cos show only 45 women in director-finance roles. Experts said a push is coming from board members to improve gender diversity (which is a key element in the ESG scores of companies) at the top deck.

CFO 59
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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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Enerpac Tool appoints interim finance chief

CFO Dive

The Menomonee Falls, Wisconsin-based industrial tool maker appointed its head of financial planning to the interim CFO position.

Finance 253

More Trending

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Paytm may switch to third-party app mode to keep UPI

CFO News

Currently, those using Paytm to make UPI payments have virtual payment addresses (VPAs) ending in @paytm. After March 1, customers might find this changing to some other bank’s handle. Paytm aims to use three or more banks to start issuing new VPAs to its customers for use from next month, sources said.

Banking 52
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Interest rates and the Modern CFO

CFO Talks

In the dynamic world of financial management, few decisions hold as much weight and consequence as those surrounding interest rates. As the custodians of a company’s financial health and strategic vision, modern Chief Financial Officers (CFOs) must navigate the complex landscape of monetary policy with precision and foresight. Recently, the South African Reserve Bank’s decision to maintain interest rates has had significant implications not only for the economic landscape but also fo

CFO 52
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Plan in works to compensate victims of financial frauds

CFO News

The finance ministry said that banks and financial institutions will share information in a standardised format for ease of analysis by law enforcement agencies and further ensure round-the-clock availability of resources to promptly address complaints, which will improve the fraud-to-hold ratio.

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Breaking down barriers for organisational success

CFO Talks

Modern CFOs must embrace strategic leadership and foster cross-functional collaboration within their organisations to drive success in a highly competitive market. Breaking down obstacles between the finance team and other departments is essential to unlocking the organisation’s full potential. Let’s delve into how CFOs can spearhead this transformation and lead their teams to new heights of success.

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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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Niti Aayog to estimate gap between states' renewable capacity, future needs

CFO News

The Niti Aayog is conducting an analysis to estimate the potential gap between states' renewable energy capacities and their future electricity needs under existing purchase obligations. This initiative aims to assist states in planning their power resources effectively. The assessment considers states' capabilities in solar, wind, and hydro energy, projecting their ability to meet renewable purchase obligations independently or rely on other states.

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Managing the rising cost of cybersecurity: Strategies for CFOs

CFO Talks

Cybersecurity has become an increasingly critical concern for businesses across the globe, with cyber threats evolving in sophistication and frequency. Recent incidents, such as the deepfake CFO scam in Hong Kong , underscore the pressing need for robust cybersecurity measures. As CFOs, it is essential to understand the financial implications of cybersecurity breaches and implement effective strategies to manage the rising costs associated with protecting organisational assets.

CFO 52
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UPA pushed India into fragile five club: FM Nirmala Sitharaman

CFO News

Initiating the debate on the 'White paper on Indian economy and its impact on the lives of people of India', Sitharaman said it was Prime Minister Narendra Modi who put the nation first, pulling the country out of crisis and placing it among the top five economies of the world. India is now on the way to becoming the third-largest economy, she said, adding that the NDA government will make India a developed nation (Viksit Bharat) by 2047.

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SAP Delivers Scalability and Flexibility for Quote-to-Cash to Compliance in the Telecom Industry

Bramasol

As this blog series continues to explore optimizing quote-to-cash (QTC) to compliance for different industries, in this episode we dive into the special challenges faced by companies in the telecom sector and address how solutions in the SAP portfolio help overcome them. For almost 150 years, the telecom industry has undergone massive growth, waves of change, and periodic disruptions from new technologies and evolving business models.

SAP 86
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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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Ended curse of incremental thinking, India to work at superspeed: PM Modi at ET Now GBS 2024

CFO News

PM Modi highlighted the increasing trust and positive sentiment towards India in international forums, such as Davos. He mentioned that a virtuous cycle has begun in India, with economic growth rising, fiscal deficit shrinking, exports increasing, and poverty decreasing. "New Bharat will work at superspeed - this is Modi's guarantee," he said.

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Rich face crypto dilemma: To bet or not via foreign route

CFO News

Unlike direct purchase of cryptos, investing in an ETF is subscribing to units or securities issued by a regulated fund a feature that most think is a kosher trade. However, some of the Indian banks refuse to remit funds overseas if the money is invested in cryptos or offshore funds and pooled vehicles that invest in cryptos and track the prices of bitcoin and other digital currencies.

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NCLT refuses to grant interim relief to Zee shareholder Mad Man Film Ventures

CFO News

The Mumbai bench of the National Company Law Tribunal (NCLT) declined immediate interim relief to Zee Entertainment Enterprises shareholder Mad Man Film Ventures in their bid to enforce the merger scheme between Sony and Zee. Mad Man sought to restrain Zee and Sony from acting against the NCLT's August 10, 2023 order sanctioning the merger.

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Paytm parent One 97 Communications forms advisory committee to strengthen compliance

CFO News

The committee will be headed by Meleveetil Damodaran, former chairman of markets regulator Sebi, and "will work closely with the board," Paytm said in a press release.

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Finding “The One:” The Ultimate Guide to Selecting Financial Software

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

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

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RBI raises ceiling on remuneration of non-executive directors to Rs 30 lakh

CFO News

The Reserve Bank's instructions on review of fixed remuneration for non-executive directors (NEDs) come into force immediately. The instructions apply to all private sector banks, small finance banks, payment banks, and wholly owned subsidiaries of foreign banks.

Finance 52
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Realty redevelopment projects GST ruling likely to hit cost dynamics across markets

CFO News

Telangana High Court dismisses a legal challenge by a real estate developer regarding the GST on transfer of development rights; real estate projects involving redevelopment and rehabilitation are crucial for Mumbai's property market due to the shortage of vacant land parcels.

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Biocon CFO Indranil Sen resigns

CFO News

Sen was appointed as the CFO of the company in April 2021 after Anupam Jindal stepped down. He has over 20 years of experience in financial planning, treasury, taxation and financial reporting.

CFO 52
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Mamaearth's parent Honasa aims to outgrow the industry by 2 to 2.5 times, CFO shares growth plan for next year

CFO News

Honasa Consumer Q3 Results: Net profit jumps 264% to 26 crore in Q3FY24; sees rural stress spilling over to urban markets.

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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.