Fri.Aug 30, 2024

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6 Signs You Need to be Updating Legacy Software

Navigator SAP

Despite what software vendors think, there’s a balance between having the latest features and continuing to use what works even if it is an older solution. Software is a tool for getting something done and not the goal itself for most businesses. But with every piece of software that is used by a business, there does come a time when updating legacy software makes sense.

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Dollar General CFO cites inflation, cost pressures as shares slump

CFO Dive

“The customer will continue to feel financial pressure for the duration of the year,” CFO Kelly Dilts said on the company’s second quarter earnings call.

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Market Efficiency vs. Behavioral Finance: Which Strategy Delivers Better Returns?

CFA Institute

Scott Lanigan, CFA, is the sole owner and operator of EID Capital, an investment management firm he founded in 2021. With more than seven years of institutional investment experience, Lanigan previously worked at a prominent single-family office in Dallas, TX. Despite his institutional background, he employs a non-institutional investment approach, adhering to fundamental investment principles and challenging established beliefs to drive excess value for his clients.

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Tyson Foods appoints new CFO, replacing troubled scion

CFO Dive

John R. Tyson was suspended in June following his second drunk driving incident since taking the executive role in 2022.

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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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Weekend Reading For Financial Planners (August 31–September 1)

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 benchmarking study suggests that a number of RIAs are looking to move 'upmarket' and work with wealthier clients by expanding their service menu to include family office services, investment banking, and/or trust services.

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Big companies see shortage in skilled talent a risk to growth plans

CFO News

Indian conglomerates face a significant talent shortage which could impact expansion plans and growth. Key sectors like automobile, health, real estate, and construction are the worst hit. Companies like Tata Motors and L&T are investing in training programs to bridge the skill gap and equip their workforce with new-age skills.

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CPAs eyeing the CFO seat must hone tech, ‘soft’ skills: PICPA

CFO Dive

Emotional intelligence is a key skill CPAs aspiring to be finance chiefs need, PICPA’s Jen Cryder said. Its importance is sometimes overlooked.

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How Tech-Enabled Accounting Tools Impact Efficiency

CFO Plans

Leveraging technology to streamline accounting processes is no longer a luxury but a necessity. This is especially true in the real estate industry, where managing finances can be complex and time-consuming. Discover how tech-enabled tools can transform your real estate accounting. The Challenges of Real Estate Accounting Real estate accounting is multifaceted, involving everything from property management to investment analysis.

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CFOs empowering their teams in the Finance 4.0 era

CFO News

In a transformative era for finance, Deena Jacob, Cofounder & CFO of OPEN Financial Technologies, explores how Finance 4.0 technologies are reshaping the industry and redefining leadership for modern CFOs.

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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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Finance Ministry adds four new navratnas

CFO News

Finance minister Nirmala Sitharaman has given the navratna status to four more state-owned public enterprises - Satluj Jal Vidyut Nigam Ltd, Solar Energy Corporation of India Ltd, Railtel Corporation of India Ltd and National Hydroelectric Power Corporation Ltd.

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Sebi revises criteria for stocks' entry and exit in derivatives segment

CFO News

Under the new rules, the regulator has raised the median quarter sigma order size (MQSOS) over the previous six months on a rolling basis by three times to Rs 75 lakh from the existing Rs 25 lakh, citing that the average market turnover is now over 3.5 times the figure during the last review.

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Growth momentum strong; slowdown in first quarter anticipated due to elections: CEA Nageswaran

CFO News

Due to the seven-phase Lok Sabha elections, Chief Economic Advisor V. Anantha Nageswaran noted that GDP growth momentum stayed robust, explaining that the slowdown observed in the first quarter was expected because of the electoral process.

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After CCI, NCLT Mumbai clears merger deal between Viacom18 and Star India

CFO News

The Mumbai bench of NCLT has approved the merger of RIL's Viacom 18 and The Walt Disney's Star India, creating the largest media house in India. This follows the Competition Commission of India's approval. Reliance will hold a 63.16% stake, while Walt Disney will hold 36.84%. The venture will include two leading OTT platforms and 120 TV channels.

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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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RBI imposes Rs 2.68 cr penalty on UCO Bank

CFO News

The Reserve Bank of India has levied penalties on two banks: Rs 2.68 crore on UCO Bank for violating rules on current accounts, interest on deposits, and fraud classification, and Rs 2.1 lakh on Cent Bank Home Finance Ltd for not complying with KYC regulations. These penalties underline regulatory compliance without affecting the validity of customer transactions.

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UK based Aviva conspired to dodge India compensation and tax rules

CFO News

An Indian tax investigation has revealed that British insurer Aviva breached commission regulations by using fake invoices and untracked cash payments. Between 2017 and 2023, Aviva's India business paid $26 million to entities claiming to provide services but were actually fronts for funneling money to sales agents, evading $5.2 million in taxes.

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BPCL to invest Rs 75,000 crore in expanding refining capacity

CFO News

India’s booming economy is driving a significant increase in energy demand. Petroleum product consumption is expected to rise steadily by 4-5 per cent annually for the foreseeable future. Similarly, the demand for major petrochemical products is also expected to rise by 7-8 per cent annually.

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Listed Indian firms post resilient sales growth in Q1, shows RBI data

CFO News

While manufacturing, IT, and non-IT services showed positive growth, certain sub-sectors like cement and steel faced challenges, impacting their overall performance.

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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's GDP growth drops to 15-month low of 6.7% in Q1FY25 amid sectoral shifts and strong secondary sector performance

CFO News

India's GDP growth slipped to a 15-month low of 6.7 per cent in the April-June quarter, with sector-specific slowdowns and robust secondary sector performance highlighting key economic shifts.

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India's fiscal deficit at 17.2% of FY25 target as of July

CFO News

India's fiscal deficit in the first four months of FY25 reached 17.2% of the annual target, a decrease from 33.9% a year earlier. The government recorded net tax receipts of 7.15 trillion rupees and expenditure of 13 trillion rupees, while capital expenditure stood at 2.61 trillion rupees.

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India's core sector grows at 6.1 per cent in July

CFO News

India's core sector output grew by 6.1 per cent in July, down from 8.5 per cent a year ago. Growth was seen in steel, electricity, coal, refinery products, cement, and fertilizers. However, crude oil and natural gas production declined. The cumulative growth from April to July 2024 stood at 6.1 per cent compared to last year.

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The essential role of Audit Committees in promoting governance in startups

CFO News

As the Indian startup ecosystem expands, strong corporate governance becomes crucial. Sandip Khetan and Sagar Lakhani of Uniqus Consultech explore how audit committees can enhance governance and drive sustainable growth.

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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.