Sat.Jun 01, 2024 - Fri.Jun 07, 2024

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It Wasn’t Just Shrimp That Killed Red Lobster

Global Finance

Recall last summer, when the now-bankrupt restaurant chain made its $20 “Ultimate Endless Shrimp” promotion permanent. The scheme, cooked up by ex-CEO Paul Kenny and then-majority shareholder, Thai Union, sparked an uptick in customers at Red Lobster’s 640-plus locations. But while patrons gorged on shrimp, they snubbed other seafood items. The splashy marketing ploy scalded Red Lobster.

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The Guide to Buying or Selling a Business: Understanding What Kind of Finance and Accounting Support You Need to Get the Price You Want

CFO Selections

Originally published: 8/14/17 Updated: 5/24/24 Preparation and expert guidance are key for successful middle-market business acquisitions, sales, and mergers. In this comprehensive guide to buying and selling businesses, our expert CFOs provide all the finance and accounting information you need when entering into a transaction. It covers: Transaction structures Buyer analyses and considerations Buy-side and sell-side finance/accounting transaction support Buyer-side and seller-side due diligenc

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Trending Sources

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Forecasts for Fed rate cuts probably too optimistic, Summers says

CFO Dive

“I don’t think we’re on a convincing trajectory to the 2% inflation target” set by the Federal Reserve, Former Treasury Secretary Larry Summers said.

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No tax recovery within three months of notice, says CBIC

CFO News

The letter was written after the board noted that many tax officers were abusing the exceptional case clause, initiating recovery proceedings before the expiry of the specified three-month period, even in routine cases, forcing the companies to move courts to seek stay on the recovery process. This attracted not only adverse comments from the judiciary but in some cases even penalty.

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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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How to Integrate and Extend SAP Business ByDesign

Navigator SAP

One of the advantages of using the SAP Business ByDesign ERP solution is that most of what a business needs for a complete backend business system solution comes included with Business ByDesign right out of the box. Where additional functionality is needed, Business ByDesign integration points and extensions can help. SAP Business ByDesign is built on a modular framework.

SAP 260

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The process and responsibility for reporting

Future CFO

Association of Chartered Certified Accountants (ACCA) experts Hsiao Mei Chow , Rachel Johnson and Alexandra Zaronina-Kirillova discuss the people, process and technology necessary to implement sustainability reporting. In particular they focus the processes and responsibility for sustainability covered in various stages of the sustainability reporting cycle : • allocating responsibility for sustainability reporting • establishing the reporting landscape • Implementing reporting.

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Best EPM software of 2024: top picks for enhanced financial processes

Cube Software

What is EPM software? Enterprise Performance Management (EPM) software is designed to help businesses manage their financial processes more effectively. Think of it as a powerful tool that streamlines everything from budgeting and forecasting to performance analysis.

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Fransua van der Westhuizen: Embracing Global Standards and Navigating Challenges

CFO Talks

Fransua van der Westhuizen: Embracing Global Standards and Navigating Challenges The evolving role of Chief Financial Officers (CFOs) continues to reshape the landscape of global business, particularly in how these leaders manage financial complexities, adapt to cultural differences, and drive strategic decisions. A recent podcast featuring seasoned CFO Fransua van der Westhuizen and Nicolaas van Wyk, CEO of CIBA, a key figure in the CFO community, provided a deep dive into these topics, offer

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ION XTP Execution wins “Best Sell-Side OMS” at TradingTech Insight Awards – USA 2024

Reval

LONDON – 07 JUNE 2024: ION, a global leader in trading and workflow. The post ION XTP Execution wins “Best Sell-Side OMS” at TradingTech Insight Awards – USA 2024 appeared first on ION.

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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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Few CFOs control cybersecurity budgets. Here’s why more should.

CFO Dive

Tech executives, not CFOs, most often call the shots on cybersecurity spending at middle market companies, according to a recent RSM US survey.

Budgeting 321
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What’s Your Client’s Optimal Equity Allocation?

CFA Institute

David Blanchett, PhD, CFA, CFP®, is managing director, portfolio manager, and head of retirement research for PGIM DC Solutions. PGIM is the global investment management business of Prudential Financial, Inc. In this role, he develops solutions to help improve retirement outcomes for investors with a specific focus on defined contribution plans. Prior to joining PGIM, he was the head of retirement research for Morningstar Investment Management LLC.

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Regulation Struggles To Keep Pace With Global Gig Economy

Global Finance

As outsourcing to freelancers spreads, lawmakers and regulators around the world are scrambling to keep pace. Accordingly, companies working the new trend into their business model must be wary of running afoul of a fast-changing legal and regulatory landscape. Due diligence can be especially tricky for firms that use freelancers located in multiple jurisdictions—even within countries, such as the US, that have federal systems.

Math 126
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Electoral bonds fine with profit caps and transparent disclosures: Amarjit Chopra

CFO News

Amarjit Chopra, former President of the Institute of Chartered Accountants of India (ICAI), provides insight into India's electoral bond scheme, emphasizing the Election Commission's critical role. He also reflects on the Supreme Court's involvement, suggesting that instead of deeming electoral bonds illegal, modifications could have been proposed prospectively to address scheme deficiencies.

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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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Chemours appoints new CFO after accounting probe

CFO Dive

The appointment comes after the chemical company discovered that three of its top executives, including its then-CFO, engaged in unethical financial practices.

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Gold and Inflation: An Unstable Relationship

CFA Institute

Marc Fandetti, CFA, is a portfolio strategist at Armstrong Advisory Group, a Registered Investment Advisor in Needham Massachusetts. He is a CFA charterholder and holds an MS in Applied Economics from Boston College. Fandetti’s research has been published in The Journal of Portfolio Management and The Journal of Alternative Investments.

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Alternative Financing Comes Of Age

Global Finance

Fintech is fueling a boom in innovation, offering CFOs an array of new ways to access capital. For years, alternative financing models have been changing the way companies access cash. Now, fintech is offering innovations, from subscription and fee-based online lending marketplaces to blockchain, that are changing the alternative financing landscape itself.

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AllianceBernstein suggests a 60/30/10 portfolio to protect against inflation

Tips Watch

Investment firm sees ‘higher and spikier’ inflation looming. By David Enna, Tipswatch.

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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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How big retailers are battling the last-mile delivery squeeze

CFO Dive

Walmart, Target and Kroger executives pointed to price and technology improvements that they are using to offset cost pressures.

Retail 285
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Book Review: A Wealth of Well-Being

CFA Institute

Mark K.

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Best Financial Innovations 2024

Global Finance

Technology advances bring the high-touch experience to more clients, large and small. While geopolitical tensions, rising oil prices and financial stress are being felt globally, financial institutions understand that innovation during tough times isn’t just about survival but about positioning for future success. Challenges often reveal new problems to solve, demanding increased focus on finding innovative ways to improve efficiencies.

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The Role of a CFO in Financial Risk Management

CFO Share

The Role of a CFO in Financial Risk Management Managing financial risks is crucial to ensuring long-term business success. However, small business entrepreneurs are particularly ill-suited for risk management: optimistic, energetic, and abstract. This is where a Chief Financial Officer (CFO) becomes indispensable: disciplined, deliberative, and concrete.

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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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FASB seeks comment on narrow hedge accounting fix

CFO Dive

Despite a unanimous vote, some board members expressed concern the proposed improvements to GAAP hedging guidance do not go far enough.

GAAP 285
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The Latest In Financial #AdvisorTech (June 2024)

Nerd's Eye View

Welcome to the June 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that 'startup' custodian Altruist has completed a $169 million fundraising round as it continues to rebuild the RIA custodial tech stack layer-by-layer while positioning itself as the biggest RIA custodian b

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Goldman Sachs Now In Riyadh

Global Finance

Goldman Sachs became the first Wall Street bank to comply with Saudi Arabia’s Regional Headquarters (RHQ) program and secure a license to establish its Middle Eastern base in Riyadh. The kingdom’s new rules, which took effect on January 1, 2024, require companies to maintain a regional headquarters in Saudi Arabia with at least 15 employees, including high-ranking C-suite executives overseeing operations in other countries.

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1,006: From Salesforce Playbook to Start-up Strategy | Scott Henderson, CFO, DISQO

CFO Thought Leader

In the early years of Scott Henderson’s career, the dotcom bubble burst, leaving the tech industry in turmoil and many young professionals uncertain about their futures. Despite this chaotic climate, Henderson decided to take a calculated risk by joining another dotcom venture. This time, the company was a modest enterprise with 300 employees and $25 million in revenue.

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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.