November, 2022

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Five new rules for CFO success

CFO Dive

“Growth” means different things to different CFOs and different companies, but the one constant is about finding a way to not only protect the business and protect the finances but to also figure out what it looks like to help the business expand.

CFO 284
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Supply Chain Is 40% of Inflation

Barry Ritholtz

. There is a new 60/40 in town, and it is the contribution to inflation from consumer demand for goods and the pandemic-broken supply chain. That is according to a study by Julian di Giovanni, who publishes at the NY Fed’s blog Liberty Street Economics. Over the summer, he posed a fascinating question: How Much Did Supply Constraints Boost U.S. Inflation?

Economics 145
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Recession Playbook

The Reformed Broker

Let’s assume we’re going to have a recession in 2023. I don’t know if we will, but everyone seems to think so, so let’s just say. So what. What can you do to stop it? Not much. Can you change your own spending and psych yourself up to survive it? Absolutely. Are there changes you could make to a portfolio in order to gird yourself for a worsening economy?

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3 female CFOs tackle courage, soft voices and unchecked boxes

CFO Dive

While their numbers are rising, female CFOs are still relatively rare. Women hold only about 16% of the top finance seats at Fortune 500 and S&P 500 companies.

Finance 280
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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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Which is Worse: Inflation or Unemployment?

Barry Ritholtz

You may have missed this wonderful Josh Zumbrun column in the Wall Street Journal last week: “ Inflation and Unemployment Both Make You Miserable, but Maybe Not Equally.”. It’s one of those things that are so obvious no one ever stops to think about it – and so we have overlooked this for decades. 1. Stop for a moment and consider the original Misery Index formula as invented by the economist Arthur Okun : add the 3.7% unemployment rate ( BLS NFP ) to the 7.7% inflation rate as measured by the c

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India's manufacturing sector continues to gain momentum in November, cost inflation softened considerably

CFO News

According to the S&P Global's survey report, Companies had the fastest increase in new orders and production in three months and business optimism was highest in almost eight years.

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Employee Retention Credit – Do You Qualify?

https://trustedcfosolutions.com/feed/

The Employee Retention Credit (ERC) is a stimulus government aid program established by the CARES Act. It is a refundable tax credit – a grant, not a loan – that businesses can claim, and can recoup up to $26,000 per employee. Who is the ERC Program For? This program was created for companies that showed a decline in revenue, changes or adjustments in standard business operations, or partial/full business suspension during the Covid-19 pandemic and paid employees on W2 payroll during the years 2

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Twitter is cigarettes

The Reformed Broker

A lot of reporters and public intellectuals were writing their obituaries for Twitter this weekend. First, we saw the revolt of the Blue Checkmarks. Then, the first inklings of an advertiser exodus. The timing of all this – on the eve of a midterm election that will determine whether or not Americans actually care about democracy – could not have been more ominous.

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CFO FP&A Close-up: modern planning and analysis

CFO Dive

In today’s uncertain economy, strategic planning and analysis is more important — and difficult — than ever. CFOs need to set priorities to get the most out of their FP&A teams.

Planning 297
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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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The Many Ways the FOMC Can Be Wrong…

Barry Ritholtz

Since it is late on a Friday, I thought I might share some quick thoughts about the week. I have been wondering, more than usual, about the disconnect between what we see in falling prices and the Federal Reserve’s anti-inflation actions. It is difficult to reconcile Fed rhetoric with the actual price of Goods. One can reach only so many conclusions: Perhaps the Fed is right and everybody else is wrong.

Economics 141
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Top 5 Questions You Should Be Asking About ERP

Navigator SAP

All large businesses use enterprise resource planning software (ERP), as do many smaller ones. But unlike basic small business software, ERP is complex and often confusing for businesses that are approaching it for the first time. With that in mind, here are the basics of ERP answered in five questions. 1. What is ERP? ERP helps manage, integrate, and organize all data and business processes, from ordering, production, finance, procurement, human resources, and distribution to the supply chain,

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Joint audit may not improve quality: Global accounting body ACCA chief

CFO News

Mandatory auditor rotation and a cooling-off period between when the auditor is engaged with a large business and before it takes a significant piece of work again from the same client are among better measures, says Helen Brand.

Auditing 105
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Treasury sets I Bond’s new fixed rate at 0.4%; composite rate is now 6.89%

Tips Watch

Fixed rate for Series EE Savings Bonds soars from 0.1% to 2.1%; doubling period remains at 20 years. By David Enna, Tipswatch.com The U.S. Treasury announced this morning it is raising the fixed rate of the U.

Treasury 102
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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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Glamour

The Reformed Broker

Glamour is a supernatural form of mental compulsion or influence that is specific to vampires. Glamouring is similar to hypnosis, and while all vampires have this power, it needs to be taught as it does not appear to come naturally… The process of glamouring begins with eye contact between a vampire and a respondent. Once eye contact is made, the respondent is held in a trance, making them susceptible to the pow.

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ESG materiality ranges beyond ‘bottom line’: SEC official

CFO Dive

The SEC will not limit scrutiny to a company’s income statement when verifying compliance with a proposed rule requiring climate risk disclosure, an agency official said.

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Labor or Capital Driven Inflation?

Barry Ritholtz

My views on inflation continue to evolve: I was correct in identifying inflation during the mid-2000s; during the post-crash 2010s I remained appropriately skeptical about rising prices. The price dynamic during and after the pandemic appeared to be troublesome but my expectations were that inflation would be resolved relatively quickly as supply chains reopened and life returned to normal. “ Transitory ” turned out to be too optimistic, and I was wrong in my expectations for a faster decline in

Economics 133
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Exploring SAP Business One and SAP Business ByDesign ERP Products

Navigator SAP

Russell DeLapp, Executive Vice President of Services & Support at Navigator Business Solutions, was featured on Nestell & Associates , The ERP Organization Change Journal Podcast by Dr. Jack G. Nestell.

SAP 189
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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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How Do Cryptocurrencies Correlate with Traditional Asset Classes?

CFA Institute

The crypto market’s recent gyrations necessitate a fresh look at the evolving relationships between crypto and traditional asset classes.

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Outsource To Free Up Your Time And Save Money

The CFO Centre

Outsourcing is nearly always cheaper, more efficient, and more flexible than hiring in-house staff. You can use outsourcing to tap into expertise and experience not available in-house (technical or managerial) or to identify and then reduce the costs of support services. But concerns about the potential pitfalls of outsourcing stop SMEs from seeing the many […].

CFO 98
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This Week On TRB

The Reformed Broker

Just wanted to start by saying thanks to everyone who made a donation to our Long Island Cares food drive for Thanksgiving. The money really goes a long way, we’re going to be making a big difference in the lives of people who need help this holiday season. We shattered the goal dollar-wise and I’m hoping to see a few hundred donated meals this weekend at our drop.

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CFOs must sharpen storytelling skills for boards

CFO Dive

CFOs must take on the role of storyteller when communicating with their boards as their focus shifts from growth and towards long-term sustainability in a pre-recession environment.

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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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Six Degrees of Separation

Barry Ritholtz

I wonder how far my view of the universe is from (objective) reality. My pal Dave Nadig suggests that we are all much further away from any sort of recognition of the true universe than we suspect. We chatted about this last week, and the more I thought about it, the further away from reality it turns out that we actually are. Best I can figure, we may all be at least six degrees 1 away from truly comprehending, well, anything: 1.

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Gautam Adani tops Forbes rich list 2022, wealth of India’s 100 richest touches $800 bn

CFO News

As per the list, the combined wealth of India’s 100 richest grew by $25 billion to touch $800 billion. The gain was largely due to a record-breaking feat by infrastructure tycoon Gautam Adani, Forbes added.

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5 Tips to Recession Proof Your Business Budget & Financial Forecast

Centage

When you think of a business that’s recession proof, you probably imagine a company that provides the type of essential products people need regardless of the state of the economy. For example, grocery stores, healthcare businesses, and freight companies are all widely regarded as being recession proof. However, the truth is you don’t have to operate a need-oriented business to withstand times of hardship.

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PodChats for FutureCFO: Revisiting FP&A roles post-pandemic

Future CFO

Financial Planning and Analysis (FP&A) teams play a crucial role in companies by performing budgeting, forecasting, and analysis that support major corporate decisions of the CFO, CEO, and the Board of Directors. According to the Corporate Finance Institute , FP&A professionals oversee a broad array of financial affairs, including income, expenses, taxes, capital expenditures, investments, and financial statements.

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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.