Sat.Dec 10, 2022 - Fri.Dec 16, 2022

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CFO Challenges to Watch out for in 2023

The Finance Weekly

2022 was another challenging year for businesses worldwide. While some of the old challenges of 2020 and 2021 are still lingering, this year brought a list of new difficulties as well. For CFOs, 2023 will be a challenge not only in their direct role as head of finance, but also in how they help set the budget and tone for the rest of the company. Here are 5 of the biggest challenges that CFOs face in the upcoming year and how they can help lead the company in the right direction. 1) Inflation.

CFO 52
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Modern Financial Reporting & Analytics: The Path to Business Success During Times of Volatility

Centage

Why Accurate and Granular or Detailed Financial Reporting is Imperative During Times of Volatility. Business moves at a fast clip, whether during times of economic expansion or times of uncertainty like we are experiencing today. Often, CFOs and executive teams put together a plan that represents a snapshot of what they believe will happen, based on the best data they have available at the time.

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What’s Next for CFOs? Setting the Finance Function Up for Success in 2023

CFO Leadership

CFOs have positioned themselves as key contributors to the enterprises’ strategy and in C-suite and boardroom discussions. Now, as these leaders shift more attention toward preparing for the future, they need to continue to drive business forward with data-driven insights. Here are resources from Robert Half and Protiviti to help you prepare your finance function for the road ahead. 2022 Global Finance Trends Survey.

Finance 98
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Inflation slows, validating Fed plans for half point rate hike

CFO Dive

Fresh data show that the Fed is making progress in its fight against inflation and may pause its policy tightening early next year.

Planning 263
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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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14 Best Compound Interest Investments (Accounts for 2022)

CFO News Room

Chances are, you’ve heard someone mention the term compound interest , at some point. But do you know exactly what it is and how it can benefit your investments? And just as important, do you know where to find the best compound interest investments? Whether you are an active investor or an aspiring one, it’s crucial that you understand how compounding works.

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5 Books to Stuff Your Stocking This Holiday Season

CFO Alliance

The post 5 Books to Stuff Your Stocking This Holiday Season appeared first on CFO Alliance.

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Where Are All The Proudly Premium-Fee Advisors?

CFO News Room

Executive Summary. For the better part of a decade, the financial services industry has anticipated the coming of fee compression, mainly due to the rise of robo-advisors offering low-cost automated wealth management services. Yet even though fee compression has not been fully realized to the extent the industry has generally expected, lower cost robo-advisor services have still compelled financial advisors to maintain relatively low fees.

Math 130
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New CFO shares first-timer tactics

CFO Dive

Jeremy Klaperman advises new CFOs to establish a wide range of connections and to seek potential over knowledge when hiring talent.

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Financial Statement Audit: Tips & Insights on Tackling Your First-Year Audit

Embark With Us

As a business leader at a growing company, a financial statement audit probably isn't top-of-mind right now. After all, you also have to grow revenue, manage day-to-day operations, and navigate a pretty volatile marketplace.

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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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SAP Business ByDesign: Setting the Record Straight

Navigator SAP

The future plans for the SAP Business ByDesign solution are strong. A recently published article has unfortunately painted an inaccurate picture of SAP's commitment to the Midmarket and Small and Medium Enterprise clients that are the right fit for a mature, stable and flexible cloud-based ERP system.

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12 Best Paying Jobs in Finance in 2023

CFO News Room

Job security is always a concern when choosing a career, but some fields are more recession-proof than others. And while there’s no guarantee that any job will be immune to cutbacks or layoffs, some industries weather economic storms better than others. One industry that tends to be recession-resistant is finance. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes.

Finance 130
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FASB forges ahead on crypto disclosure requirements

CFO Dive

The board was effectively silent on the collapse of crypto exchange FTX last month but it forged ahead on its ongoing project to set new standards for digital assets.

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What the Fed Gets Wrong

Barry Ritholtz

There seems to be a lot of confusion going on today with respect to inflation, interest rates, and ongoing Federal Reserve policy. A framework for exploring this has many parts: What the Fed (obviously) knows, how it express those views through police like FOMC rates, ZIRP, QE, QT, etc. There remains the question of what the Fed is actually wrong about. 1 .

Economics 121
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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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Why Startups Need More Than Accounting Software for Financials

Navigator SAP

There are typically three phases of a startup’s financial management journey.

Startups 205
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Inflation is easing: Fed should slow rate hikes

CFO News Room

Posted December 13, 2022 at 11:53 am by EPI Staff. Inflation numbers out Tuesday are encouraging, providing more evidence that any movement to continue raising interest rates at breakneck speed and potentially slow the economy needs to be squashed. The Consumer Price Index (CPI)— released by the U.S. Bureau of Labor Statistics —rose 0.1% in November, and the all-items index increased 7.1% year-over-year.

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PwC tackles blockchain’s carbon footprint

CFO Dive

A standardized method to evaluate the carbon footprint of blockchain initiatives could help CFOs meet sustainability targets.

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Indian IT could bag a big slice of $160 billion tech deals in Q1 2023

CFO News

The value of the new deals could amount to nearly a fifth of the global IT services business valued at $800 billion, according to Ray Wang, founder of Silicon Valley-based Constellation Research.

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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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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • The sneaky economics of Ticketmaster : Ticketmaster’s maligned fees and customer service issues are again under the microscope. Will American music fans ever see anything better? ( The Hustle ). • What Is the Bond Market Saying About the Economy? The bond market is known for being much smarter than the stock market but we don’t have to go back very far to find a time when it was wrong.

Math 119
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Fed Slows Pace of Rate Hikes

CFO News Room

The Federal Open Market Committee (FOMC) increased its federal funds rate target by 50 basis points on Wednesday, a smaller increase than in recent meetings. The target inflation range is now 4.25 to 4.5 percent. The FOMC has increased its target rate by 425 basis points this year. . “Having moved so quickly and having now so much restraint that’s still in the pipeline,” Federal Reserve Chair Powell told reporters at the post-meeting press conference , “we think that the appropriate thing to do

Economics 130
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PCAOB gains breakthrough access to Chinese audit firms

CFO Dive

The PCAOB’s push for more transparency in China-based companies will enable CFOs and auditors who heavily rely on Chinese firms to better understand their partners’ operations.

Auditing 253
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This Week on TRB

The Reformed Broker

This past week we stayed at the Post Oak in Houston, one of the top ten hotels in America, supposedly 6 or 7 stars – and let me tell you, that place was opulent. More marble in one building than anywhere I’ve ever been, save for perhaps the Vatican. Billionaire hospitality guru Tilman Fertitta, the hotel’s owner, furnished this place as though he would actually live there – and he does.

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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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MiB: Kathleen McCarthy, Global co-head of Blackstone Real Estate

Barry Ritholtz

This week, we speak with Kathleen McCarthy , the global co-head of Blackstone Real Estate. The largest owner of commercial real estate globally, Blackstone Real Estate has a $565 billion portfolio and $319 billion in investor capital under management. McCarthy previously served as Blackstone’s global chief operating officer; before joining Blackstone in 2010, she worked at Goldman Sachs.

Economics 118
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The U.S. Poverty Rate Hit A Record Low — But Don’t Expect It To Stay That Way

CFO News Room

This video is part of our series “The Numbers That Defined 2022.”. Transcript. One of the most important numbers of the year that you might not have heard of is 7.8 percent. That’s the share of Americans who were living in poverty in 2021, according to the most recent supplemental poverty rate , which was released by the U.S. Census Bureau in September of 2022.

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American Airlines promotes insider to CFO

CFO Dive

The Fort Worth, Texas-based company’s new finance chief appointment marks the latest in a series of end-of-year executive swaps by companies in multiple industries.

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What macro risk factors should India CFOs watch out for in 2023?

CFO News

While the Indian economy is set to retain the fastest growing tag in the next year too, a weakening rupee, global slowdown, rising deficit and poor harvest remain risk factors.

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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.