Sat.Jul 01, 2023 - Fri.Jul 07, 2023

article thumbnail

The Broker Who Saved America

The Reformed Broker

You know Hancock and Washington and Franklin and Jefferson. You might even know Greene and Knox, Henry and Hale. And we know you know Hamilton, pretty tough to escape that one these days! But it is very unlikely that you know the name Haym Solomon. This is unfortunate, because he’s the guy who arranged financing to keep the Continental Army alive during its darkest days, finding the money to keep the revolution goin.

Finance 144
article thumbnail

CFOs: Have you increased technology spending?

Future CFO

Technology spending in Asia Pacific will remain robust and grow by 5.8% to hit US$732 billion in 2023, said Forrester recently. According to Forrester’s Asia Pacific Tech Market Forecast, 74% of growth will come from software and services as cloud adoption in the region increases. In addition, software spending will continue to rise at a compound annual growth rate of 10.3% through 2027.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding the Importance of Financial Modeling: Should You Build a 3-Year Model?

CFO Selections

“How do you build a three-year financial model?” It’s a question we get (and answer) a lot. A financial model is a type of financial projection that pulls together important data to allow organizations to analyze their current financial position and predict their future financial position. While effective financial modeling takes significant time and expertise to complete, the considerable benefits provided make it well worth the investment.

article thumbnail

6 Years of GST- Hits and the way forward

CFO News

​As GST completes its sixth year of implementation journey, the transition from origin-based taxation to destination-based taxation has had its own learning curve. Multiple surveys across the country suggest a unanimous agreement of lowered tax costs and improved supply chain efficiencies with the introduction of this key tax reform.

98
article thumbnail

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.

article thumbnail

US IPOs rise in H1 but lag 2021 boom: EY

CFO Dive

Initial public offerings may recover during the second half of this year amid slowing inflation, falling commodity prices and renewed stability in the U.S. banking system, EY said.

Banking 240

More Trending

article thumbnail

500!

Barry Ritholtz

Today, the 500 th episode of Masters in Business drops. 1 I have described the inspiration for the show as “ an audio version of Market Wizards ” but the actual pitch to Bloomberg was “Mark Maron’s WTF meets Charlie Rose” (that was before we knew about his, um, behavior). It has been a wonderful ride, one that I feel grateful and privileged to be on.

article thumbnail

Coffee Day reports default on Rs 465 crore debt in April-June quarter

CFO News

Default on loans stands at Rs 244 crore while on unlisted debt securities, it stands at Rs 220 crore. The Securities and Exchange Board of India had earlier found Rs 3,535 crore worth of fund diversion at Coffee Day Enterprises.

article thumbnail

Wise CFO nets larger pay than CEO

CFO Dive

CFO Matt Briers took home higher compensation as he prepares to step down from the company. The money transfer service’s CEO also leaving for a planned sabbatical in September.

CFO 244
article thumbnail

Top Four Benefits of SaaS for Growing SMBs and Their Finance Teams

Centage

When you joined or started your company, one of the biggest and most repeated words on your to-do list was “grow”. It was likely embedded into every metric you knew at the time. Grow your customer base, grow larger profits, add more product lines, create bigger margins, add more locations. Being a small to midsize business (SMB), growth can bring on more change than you might initially anticipate.

Finance 98
article thumbnail

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.

article thumbnail

More Inflation Expectations Silliness

Barry Ritholtz

This morning, the WSJ reported that “Consumers expect to see 4.1% inflation a year from now, the lowest such reading in two years and down sharply from its recent peak of 6.8%.” There are some who believe this is good news, but as we pointed out in May , it’s a meaningless, lagging survey. In fact, it may be even worse than that, because it appears that some at the Federal Reserve actually believe the Fed’s own survey of consumers contains information.

article thumbnail

Not just Auditors, CFOs too are responsible for delayed reporting of accounts: Legal experts

CFO News

​ETCFO exclusively discussed the role and responsibility of CFOs in delayed reporting of accounts with legal luminaries. What the law says over two crucial issues are the CFOs not equally responsible as auditors for delays or the lack of submission for financial statements and if it's only the auditors who have to resign over delayed submission of financial accounts - what does the law state about CFOs ?

article thumbnail

Some Fed officials favored hiking rates in June

CFO Dive

In order to curb inflation, the central bank may need to maintain high borrowing costs longer than predicted by financial markets, Kansas City Fed economists said.

Banking 246
article thumbnail

George Luputa on being part of a historic CFO moment

CFO Talks

Written by Staff Writer George Luputa, managing director of LBS Accountants, is no stranger to CFO Tours. In June he embarked on his fourth CIBA CFO Tour, visiting Türkiye and Tunisia. “What attracts me to these trips is the networking and the bond. We establish a bond of brotherhood or sisterhood.” This year’s tour kicked off with two days in Türkiye where the group visited the Hagia Sophia built initially as a church by the Eastern Roman Empire and later converted to a mosque

CFO 98
article thumbnail

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.

article thumbnail

Majority of Hedge Funds Fail to Meet Benchmarks

Barry Ritholtz

Barry Ritholtz, “Masters in Business” Radio and Podcast Host discusses the environment of hedge funds and the war on talent between them. He speaks with Romaine Bostick and Scarlet Fu on Bloomberg Markets: The Close Vast Majority of Hedgefunds Are Failing to Meet Targets: Ritholtz Source: Bloomberg See also : MiB: Ilana Weinstein Discusses the Hedge Fund War for Talent (July 1, 2023) The post Majority of Hedge Funds Fail to Meet Benchmarks appeared first on The Big Picture.

article thumbnail

96% of Indian employers plan to recruit Finance Professionals in 2024: ACCA

CFO News

According to the survey report by Association of Certified Chartered Accountants (ACCA), about 80 per cent of the employers plan to further train and upskill their existing employees working in finance, to keep up with the evolving field.

Finance 111
article thumbnail

CFOs shouldn’t let high rates hold them back

CFO Dive

A capital project that automates a business can yield a positive discounted investment return, Bill Fink asserts. When rates do come down, CFOs can refinance the debt.

article thumbnail

Weekend Reading For Financial Planners (July 8-9)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that recent survey data indicate that advisors are more satisfied and productive when they have more time to spend with their clients and when those clients fit within their ideal client profile, in terms of needs, specialties, or engagement levels.

article thumbnail

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

article thumbnail

10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • 6 Rules to Know Before Hanging an American Flag This July 4 : Did you know that the MLB and NFL routinely violate one of them? ( Wall Street Journal ) • The multibillion-dollar lawsuits that could radically reshape how we buy and sell homes forever : As the money makes its way to all the players in the transaction, you may wonder: Why does it work this way?

SAP 102
article thumbnail

CFOs hail six years of GST, but seek more simplification on tax regime

CFO News

​The GST law subsumed a host of taxes such as central excise duty, service tax, value added tax, etc, and as against many rates in the erstwhile regime, the new structure has just four tax slabs 5%, 12%, 18 and 28%.

105
105
article thumbnail

M&A plunges 37% during first half of 2023: WTW

CFO Dive

Buyers facing tight credit and high interest rates will subject potential acquisitions to intense scrutiny in coming months, WTW said.

267
267
article thumbnail

Why International Diversification Is Still The Prudent Strategy (While Keeping Behavioral Biases, Risks, And Results In A Healthy Perspective)

Nerd's Eye View

As the U.S. stock market has, on average, outperformed international equities over the last 15 years since emerging from the Great Recession of 2008, many investors argue that international diversification is a poor allocation of dollars that would otherwise be earning more in the U.S. market. The outperformance of U.S. stocks has led to the favoritism of ‘local’ investments over international ones through behavioral biases (e.g., recency bias and the tendency to confuse the familiar

article thumbnail

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.

article thumbnail

10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Military Recruiting Crisis: Even Veterans Don’t Want Their Children to Join : Pentagon scrambles to retain the main pipeline for new service members as disillusioned families steer young people away. ( Wall Street Journal ) • Middle America’s ‘doom loop’ Work from home is crushing Midwestern downtowns ( Business Insider ) see also St.

article thumbnail

If regulators ban non-audit work for auditors, BSR is more than willing to follow: Sudhir Soni

CFO News

BSR's Head of Audit, however, hinted the current regulatory framework is sufficient to safeguard independence of auditors. Also, he sought more clarification on interpretative issues like what constitutes “management services” which are prohibited in Section 144 of the Companies Act, 2013.

Auditing 105
article thumbnail

Culture, ethics audits can prevent malfeasance: study

CFO Dive

CFOs can help to champion internal auditors when it comes to assessments of company culture, which can help boost long-term performance.

Auditing 260
article thumbnail

The Latest In Financial #AdvisorTech (July 2023)

Nerd's Eye View

Welcome to the July 2023 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 Pershing X has announced the launch of its long-awaited (and newly renamed) “Wove” advisor technology platform – which despite purporting to be an open-architecture, multi-custodian so

article thumbnail

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.