Thu.May 18, 2023

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Ex-fabric CFO accused of losing $35M in crypto crash

CFO Dive

The former CFO is charged with investing the funds without permission into his own crypto venture before losing them during the market’s crash, according to a federal indictment.

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When to Use RPA Automation: A Step-By-Step Guide

Navigator SAP

Anyone who has been assigned the task of cutting and pasting the contents of one massive spreadsheet into another can attest that repetitive, tedious tasks aren't the best use of their abilities. It is not only boring for the individual doing the work, but often results in errors.

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Trending Sources

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CFOs bullish on M&A prospects: survey

CFO Dive

The research revealed that a large number of business leaders are optimistic about the economy, with more than half expecting the expansion to continue.

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SEC Scrutiny of ESG-Related Disclosures: What to Expect

CFA Institute

Lauren M. Cunningham, PhD, CPA, is an associate professor and the Keith Stanga Professor of Accounting at the University of Tennessee, Knoxville. She serves as the director of research for the C. Warren Neel Corporate Governance Center and the coordinator of the Neel CGC Distinguished Speaker Series, which hosts corporate executives, board members, regulators, and other industry leaders.

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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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GE promotes insider to CFO, prepares for spin-offs next year

CFO Dive

Ahead of their planned three prong spin-off, the industrial giant has promoted Rahul Ghai, 51, to take the financial helm.

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More Trending

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Salaries for financial professionals rise 5% yet lag inflation

CFO Dive

CFOs in January gained a 4.2% increase in base salary, on average, compared with their pay 12 months before.

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Kitces & Carl Ep 112: When You No Longer Want To Be A Manager And Have To Let An Associate Advisor Go

Nerd's Eye View

As a solo advisory firm owner grows their practice, they may reach capacity constraints that prompt them to hire an additional employee. While this can be a logical step in scaling their firm, some advisory firm owners may not anticipate the managerial challenges that come with hiring additional staff. And even though some firm owners may have originally thought they were ready to expand and take on an employee, they may later determine that they actually prefer operating on their own as a solo

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Barron’s: How Advisors Can Create Killer Content

Barry Ritholtz

At Barron’s Independent Advisor Conference held in Dallas in March, I got to sit down with Greg Bartalos to discuss the idea of how advisors can use content as a way to enhance their business. The tagline is “ Want to create content, but not sure how to get started? The chairman and CIO of Ritholtz Wealth Management tells all ” but we really spend most of the time explaining why it doesn’t quite work the way people expect, and why it a lot of work, and far less lucrative

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From Unicorn to Cockroach

CFO News

Interestingly, many challenges that start-ups are going through today could have been avoided. Forget working to achieve profitability, many were not even thinking about it when the sun shone bright. Their sole focus was on raising funds and increasing the number of customers. Such companies ultimately did not perform well in the test of creating business value.

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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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Jedox adds ChatGPT capability to integrated business planning

Future CFO

Jedox announces integration with ChatGPT allowing organisations to leverage generative AI in their integrated business planning (IBP) process. The ChatGPT model allows users to leverage the power of ChatGPT without leaving the Jedox environment. Users can display monthly management reports with the chatbot on the front end of the Jedox ecosystem, adjust parameters, and get insights from ChatGPT side by side within Jedox.

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NCLT dismisses IDBI Bank's insolvency plea against Zee Entertainment

CFO News

The National Company Law Tribunal on Friday dismissed IDBI Bank's insolvency plea against Subhash Chandra promoted Zee Entertainment Enterprises Ltd (ZEEL). ZEEL is in the process of a merger with Sony Pictures Network India (SPN). On December 22, 2021, ZEE and SPN signed a definitive agreement to merge the two companies. The proposed merger will see ZEE merging into SPN and, after closing, the merged company will be publicly listed in India.

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CFOs: Are you firms business interruption insured?

Future CFO

While organisations are recovering from business interruption and supply chain disruption brought by the Covid-19 pandemic, new emerging disruptions and risks are facing them post pandemic, said WTW recently. Emerging disruptions According to WTW’s Global Supply Chain Risk Report 2023, new emerging disruptions and risks include the followings: Economic risks: Economic uncertainty emerged as the leading factor underlying supply chain risks, ranked by 32% as being among their top concerns.

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Everstone in talks to sell stake in India's Burger King franchisee: Report

CFO News

Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, held a 40.9% stake in Restaurant Brands as of March 31, according to Refinitiv data.

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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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What’s the Difference VAT & Sales Tax?

CFO Share

Value-added Tax (VAT) and sales tax are both consumption taxes assessed on the consumer at point of sale. The difference between VAT and sales tax is what gets taxed: sales tax is assessed on tangible personal property (products, materials, and goods) whereas VAT is assessed on both goods and services. Value-added tax is more common in foreign countries than the USA, so businesses making international sales must pay particular attention to VAT requirements.

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Merely 27% of Indian businesses confident about ESG preparedness: Deloitte

CFO News

Deloitte India's survey finds that Indian businesses are committed to ESG principles, but there is a significant gap in preparedness and action. Only 27% of Indian organisations feel adequately equipped to meet their ESG strategy and compliance requirements, while only 15% believe their suppliers to be prepared to comply with the organisations' ESG requirements.

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Maximize ROI with Sage Intacct Integrations

Lime Light

Sage Intacct has the power to generate massive amounts of ROI for your organization - sometimes as high as 250%. but only about 50% of organizations see a positive ROI at all from their ERPs. The good news is that with even one or a couple of Sage Intacct integrations, you could generate that mouth-watering level of ROI. To that end, we’ve developed this Sage Intacct integration guide so you can unlock your ERP’s full potential.

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Adani Group plans independent probe into Hindenburg allegations

CFO News

In similar statements, group firms Adani Ports and Special Economic Zone (APSEZ) and Ambuja Cements on Tuesday said they also are considering the appointment of an independent firm for evaluation of issues relating to legal compliance, related party transactions, and internal controls.

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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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86: What Is Digital Currency?

Strategic Treasurer

Session 86 Coffee Break Session: What Is Digital Currency? Crypto has been gaining popularity in the past decade. Will crypto help your department solve major issues, or will it simply introduce unnecessary complexity? In this episode, Paul Galloway and Jason Campbell discuss digital currency and its implications for treasury professionals. They also look at the difference between digital coins and digital tokens.

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Credit card spends in foreign currency to attract 20% TCS

CFO News

The Finance Ministry has clarified that foreign currency payments such as digital subscriptions to publications or goods bought on foreign ecommerce sites through international credit cards will count towards an individual's Liberalized Remittance Scheme (LRS) account and attract 20% tax collected at source (TCS). However, if these purchases are made in Indian rupees, they will not be counted against LRS and face any TCS.

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10-year TIPS reopening auction gets a real yield of 1.395%, 2nd highest in 12 years

Tips Watch

By David Enna, Tipswatch.com The Treasury’s auction today of CUSIP 91282CGK1 — a 9-year, 8-month Treasury Inflation Protected Security — generated a real yield to maturity of 1.395%, a good result for investors but just slightly below market trends.

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Only one bidder for whole of Future Retail

CFO News

Space Mantra's offer of ₹550 crore, however, is less than 3% of the total outstanding dues of ₹19,200 crore of financial creditors and is also conditional on it being able to realise value from the sale of remaining assets in the company, people aware of the development said.

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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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Turning the Dials Up On Key “Handoff Points” | Russell Lester, CFO, Versapay

CFO Thought Leader

CFO GUEST: Russell Lester of Versapay 898: Making Finance Proactively Persuasive | Russell Lester, CFO, Versapay At Avalara, we’re building cloud-based tax compliance solutions to handle every transaction in the world. Imagine every transaction you make — every tank of gas, cup of coffee, or pair of sneakers, every movie ticket, meal kit, or streamed song, every sensor-to-sensor ping.

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RBI dividends to Modi’s government may double, aiding fiscal gap

CFO News

The Reserve Bank of India may decide to nearly double its dividend to the government from official estimates due to revaluation gains and profits from selling dollars, which could help bridge the fiscal deficit. A Bloomberg survey of nine economists saw the surplus transfer at 900 billion rupees ($10.9 billion) for the year ended March, compared to the government’s own estimate of 480 billion rupees, which includes dividends from state-controlled banks.

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10 Thursday AM Reads

Barry Ritholtz

My morning train reads: • Here’s How Much Wealth You Need to Join the Richest 1% Globally : It takes $12.4 million to join Monaco’s wealthiest group The US, by comparison, requires $5.1 million to make the cut. ( Bloomberg ) • Brew Another Pot, Robinhood’s 24-Hour Stock Trading Is Here : As the company launches a new nighttime buying and selling feature, one Reddit poster asks: “Why would anyone want this?

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Reliance set to bring back Shein to India

CFO News

Shein, which created a niche for new styles and accessible price points, was banned by the Home Ministry in year 2020 as part of India’s crackdown on Chinese apps.

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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.