Wed.Nov 01, 2023

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SolarWinds CFO avoids charges in SEC action

CFO Dive

A cybersecurity suit filed by the SEC names the company’s chief information security officer as a defendant but not its CFO, although the agency previously put both executives on notice.

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Eduvanz appoints new CFO Arvind Sampath

CFO News

The fintech NBFC Eduvanz announced the appointment of Arvind Sampath as the CFO of firm. He joins after his previous stints at Poonawala Fincorp and Fullerton India (now SMICC).

CFO 103
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Trending Sources

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Fed holds main rate steady, citing cooling inflation

CFO Dive

The central bank kept the federal funds rate unchanged despite higher-than-forecast strength in hiring and economic growth.

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GST collection at Rs 1.72 lakh crore in October, second highest-ever

CFO News

The average gross monthly GST collection for the fiscal year 2023-24 now stands at Rs 1.66 lakh crore which is 11 per cent higher Y-o-Y, said the Finance Ministry.

Finance 104
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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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Effective Implementation Of A Backdoor Roth Strategy: Detailed Nuances, IRS Form 8606 (And When It’s Even Worth Doing)

Nerd's Eye View

There are many tax planning strategies that allow financial advisors to demonstrate the ongoing value they provide to clients in exchange for the fees they charge. Part of this value is understanding the detailed nuances that make a strategy effective and implementing it correctly, avoiding issues with the IRS down the line. For instance, while backdoor Roth conversions are a well-known strategy, many individuals have either missed the opportunity to use it and/or implemented it incorrectly R

More Trending

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Strategic HR Focus at Year-End

VCFO

The year is coming to an end, and like many other operational functions, the People Operations team is busy with their annual year-end processes. Although this time of year comes with many tactical tasks, it is important to incorporate careful planning, strategic thinking, and a sharp focus on both operational efficiency and long-term organizational success as plans are made for the coming year.

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CFOs' role in building consensus across the C-suite for investments

Future CFO

Chief financial officers, apart from their apparent role of overseeing the financial activities of the organisation, are found to have been holding a position to build consensus across the C-suite to better balance near- and long-term investments, according to an EY study revealed. The EY DNA of the CFO 2023 report revealed that balancing short- and long-term investments is a defining challenge of the CFO role, particularly in Southeast Asia.

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Local contract makers ready to be +1 to China at manufacturing gala

CFO News

​Brands like Apple have been exporting products such as mobile phones from India but that's from plants set up by its global manufacturing partners, such as Foxconn and Flex. Samsung and LG, meanwhile, have set up their own factories for exports. This is the first time global brands, including Chinese-owned ones such as Xiaomi, are looking at exports from Indian contract manufacturers, executives said.

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A Friendly Fractional CFO: Small Business Finances and Meeting You Where You Are

Adam Kae

It's not uncommon for me to hear questions like, "You talk about not judging your clients. What does that mean?" Well, let me break it down for you Understanding Your Unique Situation The biggest thing to remember is that none of my clients are financial pros. They didn't dive into the world of business ownership because they were born with an innate understanding of finance, accounting, and taxes.

Finance 52
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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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Appetite for growth: Big FMCG bite gives teeth to India's revival recipe

CFO News

Marico, maker of Parachute and Saffola oils, said the second quarter started on a positive note - with increasing demand trends in rural and urban areas in July - but saw a noticeable drop in overall sentiment, especially in rural areas, during August and early September.

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Tax and finance leaders to up investment in digital transformation

Future CFO

Both tax and finance leaders are set to increase investment in digital transformation, said Thomson Reuters recently when releasing a report titled Digital Agendas: How Tax Compliance and Finance Leaders are Preparing for 2024. The report draws on quantitative insights from a survey of 257 C-suite and tax compliance and finance leaders from Australia, India, Japan, Middle East & North Africa, and Southeast Asia earlier this year, according to the company.

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Octoberfest: Most macro indicators enter party zone

CFO News

Economists say most indicators remain elevated but there are signs of growth slowing. "India's manufacturing sector generated substantial growth in October, despite a challenging global economic environment," said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence.

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Budget vs. actual variance reporting: What you’re looking for

Centage

Financial planning is a crucial part of sustaining and growing your business. The office of finance, department heads, and C-suite executives spend much of their time making, checking, and approving the yearly budget. And financial management doesn’t stop once the annual budget is approved. Financial statements allow the business to periodically reflect on how the business is doing in relation to its plan.

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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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Fed holds rates at 22-year high, signals concern on yield rise

CFO News

The decision left the target range for the benchmark federal funds rate unchanged at 5.25% to 5.5%, the highest since 2001, as part of a strategy to slow the pace of rate increases as the central bank nears the end of its tightening campaign. The S&P 500 index and Treasuries extended their rally while the dollar slipped after the announcement.

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10 Wednesday AM Reads

Barry Ritholtz

Hey, it’s November! (How did that happen?) My mid-week morning train WFH reads: • The pandemic has broken a closely followed survey of sentiment: Americans’ opinions about the state of the economy have diverged from reality : Americans are gloomy about the state of the economy. Since the covid-19 pandemic began, consumer sentiment has been in the doldrums, hitting its lowest level ever in June 2022.

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Services exports decline 2.7 pc to USD 28.42 bn in September

CFO News

The decline in services imports persisted throughout all three months of the September quarter. However, there was a silver lining in the fact that services exports had seen an increase during July and August.

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Tesla in November 2023 : Story twists and turns, with value consequences!

Musings on Markets

I was planning to start this post by telling you that Tesla was back in the news, but that would be misleading, since Tesla never leaves the news. Some of that attention comes from the company's products and innovations, but much of it comes from having Elon Musk as a CEO, a man who makes himself the center of every news cycle. That attention has worked in the company's favor over much of its lifetime, as it has gone from a start-up to one of the largest market cap companies in the world, disrup

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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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JK Tyre & Industries plans Rs 1025 crore investment to expand production capacity

CFO News

The company - which currently is utilising 95% of its available capacity of 155.11 lakh tyres per annum- plans to expand capacity by about 20% by October 2025. The expansion is proposed to be funded by way of equity/internal accruals and debt. Raghupati Singhania, Chairman & Managing Director, JK Tyre & Industries told ET, the company is planning fresh investments to increase capacity amid robust demand in the local market.

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Strategic Finance Focus at Year-End

VCFO

As Year-End Approaches, Finish Strong and Focus Forward As another year ends, most CEOs and business leaders are preparing to take stock of what needs to be done to strengthen their business and advance their business goals in the coming year. While “taking stock” can take many forms, the overriding premise is to look deeply and strategically at the results of operations, as well as opportunities they might execute on.

Finance 91
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RBI launches two key surveys for monetary policy inputs

CFO News

While the 'Inflation Expectations Survey of Households' captures subjective assessments on price movements and inflation based on their individual consumption baskets, the 'Consumer Confidence Survey' seeks responses from households, regarding their sentiments on general economic situation, employment scenario, price level, households' income and spending.

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The Fed is Finished*

Barry Ritholtz

Everybody is waiting with baited breath for today’s 2:30 announcement about the rates, but let me spare you the suspense: They are done with rate hikes this cycle. The next change in rates is more likely to be down than up. At least, if Powell & Company truly had a handle on what has been driving inflation for the past few years, that would be their position.

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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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Record over 7.85 crore I-T returns filed till Oct 31

CFO News

The income tax department announced that a record-breaking 7.85 crore income tax returns (ITRs) were filed for the fiscal year 2023-24 until October 31, surpassing the previous year's total of 7.78 crore ITRs. The majority of these ITRs have been verified and processed, indicating a significant increase in compliance. The e-filing portal also efficiently managed high traffic during peak filing days, ensuring a smooth experience for taxpayers and professionals.

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Key industry trends for computing power growth in Southeast Asia

Future CFO

The Asia-Pacific region has entered its "golden era" of digital economy, according to a report by the World Economic Forum and The European Sting. With this at hand, finance leaders must be able to look into and understand the key industry trends for computing power to maximise the potential of technology for the benefit of their organisations. The report named the following industry and technological trends for computing power growth in Southeast Asia: The technology perspective The development

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Kerala HC ruling may bring relief to companies in GST litigation

CFO News

In its judgement dated September 20, the court sent the case back to the assessing authority to examine the evidence provided by the petitioner irrespective of the difference in GSTR-2A and GSTR-3B forms. Following the assessment of the evidence provided by the petitioner, the court directed the assessing authority to pass orders in accordance with law.

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Trump Jr.’s testimony shines spotlight on ex-CFO’s authority

CFO Dive

The role of former Trump Organization CFO Allen Weisselberg was once again scrutinized as Donald Trump Jr. became the first of the former president’s children to take the witness stand.

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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.