Blue Onion

📣 We've got awesome news for those of you out there working on completing your CPE hours this year! ⏲️⌛ You can now earn CPE credits from our live course "Key Considerations and Best Practices for Successful NetSuite Implementation" on Earmark! This course provides key insights and practical tips for transitioning to NetSuite. Our panelists explore real-world use cases and offer valuable insights from their own NetSuite journeys, making the content engaging and informative. You can register for free and earn CPE for our course now! ✅ 🔗 https://hubs.ly/Q02Cw0KS0 #CPEcourse #CPEcredits #EarmarkCPE

🌞 Summer's here! It's been a rollercoaster year for CFOs, riding the waves of economic uncertainty and tech disruptions. As we gear up for elections and the year-end close, why not unwind and read a good book around some real waves? 🌊📚 NON-FICTION 📘 When McKinsey Comes to Town by Walt Bogdanich & Michael Forsythe 📘 Debt: The First 5,000 Years by David Graeber 📘 The Color of Money: Black Banks and The Racial Wealth Gap by Mehrsa Baradaran 📘 Slow Productivity: The Lost Art of Accomplishment Without Burnout by Cal Newport 📘 Holding It Together: How Women Became America’s Safety Net by Jessica Calarco 📘 Palo Alto: A History of California, Capitalism, and the World by Malcolm Harris 📘 When Women Ran Fifth Avenue: Glamour and Power at the Dawn of American Fashion by Julie Satow FICTION 📙 The Three-Body Problem by Cixin Liu 📙 The Hunter by Tara French 📙 Night Watch by Jayne Anne Phillips Dive into these reads & share your thoughts with us on them! 💬 📖 https://hubs.ly/Q02FVmTj0 #SummerReading #CFOs #BooksToRead

As New York state lawmakers concluded their session in June, the push to regulate the Buy Now, Pay Later (BNPL) industry faced a sudden halt. Governor Hochul spearheaded the drive for stricter regulations to fortify consumer safeguards, igniting a spirited debate among legislators. This led to the emergence of several bills vying to oversee BNPL services. Amidst conflicting priorities, the bills didn't quite match up by session end, paving the way for more discussions. The American Fintech Council underlined the crucial role of transparency and consumer protection in the ever-evolving BNPL landscape. Despite facing time constraints this year, stakeholders are gearing up for a renewed push in 2025! Stay tuned for more updates on the future of BNPL regulations in New York! ��💳 ➡️ https://hubs.ly/Q02FMVLt0 #BNPL #Regulations #ConsumerProtection #NYLegislation

Exciting news from Klarna and Adobe Commerce! 🚀 Klarna has teamed up with Adobe Commerce to expand Buy Now, Pay Later (BNPL) options for more customers. 💳 This collaboration enhances the shopping experience for consumers and boosts operational capacities for merchants. BNPL volume is soaring, as seen at companies like Stripe, but the value for merchants is still being explored. Despite Apple discontinuing its BNPL service, the trend is on the rise, with many users leveraging it to manage cash flow. 💸 Follow along with us to keep an eye on how BNPL continues to shape consumer habits! 👀🛍️ ➡️ https://hubs.ly/Q02FV5XQ0 #Klarna #AdobeCommerce #BNPL #FinTech

Controllers are key advisors to CFOs, overseeing daily operations, accounting, audits, budgets, and more. They play a pivotal role in the financial close activities. ✅ Controllership is evolving with generative AI, machine learning, and cloud tech with automation in finance freeing up time for strategic discussions between controllers & CFOs, driving innovation & growth. 📈 As CFOs dive into strategy, controllers rise within organizations, playing crucial roles in business decisions and transformation. Controllers not only spearhead digital innovation but also cultivate business acumen to impact strategic choices. Read more on the modern-day controller and how they're involved in strategic decisions and add business value - holding the potential to become a future CFO. 💼 🔗 https://hubs.ly/Q02FVlmy0 #Finance #DigitalTransformation #CFO #Controllers

Now is the perfect time to embrace the possibilities in finance and accounting! From entrepreneurship to impactful leadership, the options are limitless. 🌠 Get to know the career paths of Jeffrey Klimkowski, Jasmine DiLucci, Blake Oliver, and David Leary! 💼 ☑️ Jeffrey Klimkowski traded his banker job to co-found DUDE Wipes. 🙌 As CFO, he navigates exciting marketing decisions, proving that 'scared money don't make money!' 💰 ☑️ Jasmine DiLucci, JD, CPA, EA, Principal at DiLucci CPA Firm, transformed her family business through social media. 📱 Her YouTube and Instagram growth skyrocketed, changing the game for her firm. ☑️ Blake Oliver, CPA found his path from music to accounting and now offers CPE credits through his start-up, Earmark, and is a host of The Accounting Podcast. 🎧🎙️ ☑️ David Leary, co-founder of Earmark and co-host of The Accounting Podcast spent over two decades in a number of roles at Intuit. 🌟Speaking of CPE credits, you can now earn CPE credits from our live course "Key Considerations and Best Practices for Successful NetSuite Implementation" on Earmark! 🔗 https://hubs.ly/Q02G4sVl0 Discover the diverse and rewarding paths in finance and accounting! Read the full article below ⬇️ https://hubs.ly/Q02G3_wq0 #finance #accounting #entrepreneurship #leadership

As finance evolves, CFOs are on the lookout for top talent to shape the future. The right FP&A leader connects the dots 💬 and drives success across functions! 🚀 In the third piece of the Modern Finance Team Makeovers series, CFO Dive explores how technology and changing expectations are transforming key players in finance - specifically focusing on the vital role of the FP&A leader. As AI and automation reshape finance, FP&A leaders are at the forefront of driving efficiencies and boosting profitability. 📈 The future of finance is here, are you prepared to lead the way? 🤔 🔗 https://hubs.ly/Q02FMM4G0 #FP&A #FinanceEvolution

Recent years have seen a significant focus on updates to GAAP, urging companies to provide more detailed financial information in their statements. This shift has been a central theme for the U.S. accounting standards, shaping the way businesses communicate their financial data. 💬📈 At the end of June, the Financial Accounting Standards Board finalized new rules for public companies to break out "relevant" expense line items on the income statement. This means disclosing in the notes to the financial statements expenses like inventory purchases, employee compensation, depreciation, and intangible asset amortization. 📊 Amendments to GAAP standards will be issued by year-end and take effect for fiscal years starting after Dec. 15, 2026, and interim periods within fiscal years starting after Dec. 15, 2027. Be sure to follow along with us at Blue Onion for more updates on top stories like this! #FASB #AccountingStandards #FinanceNews #GAAP 🔗 https://hubs.ly/Q02FMTmJ0

As Ben Franklin famously put it, life's only sure things are death and taxes. We think AI ought to be thrown into the mix as well! 🤖 With LLMs on the rise, AI is infiltrating every sector, from marketing to voice assistants to professional services. From PwC's $1 billion plunge into AI solutions to Thomson Reuters $8 billion earmarked for AI advancements, companies are racing to dominate the adoption of this cutting-edge tech — especially those catering to the accounting market.💰 So, what can AI help with? ☑️ Data collection and ingestion ☑️ Research ☑️ Report generation and filing ☑️ Client service and advice ☑️ And lots more! 🔗 https://hubs.ly/Q02FMltJ0 For our thoughts on preparing for the future and how we're seeing AI, machine learning, and ChatGPT impacting accounting, check out our recent webinar! ⬇️ 🌐 https://hubs.ly/Q02FMSHh0 #AI #MachineLearning #Accounting

CFOs are at the forefront of evolving FP&A demands, embracing tech and data for strategic decision-making. 💼📊 A recent PwC Pulse Survey highlighted the shift in focus, with 58% of CFOs increasing their FP&A efforts since last year. 📈 🔍 So, what are CFOs prioritizing now? ☑️ FP&A ☑️ Business performance management ☑️ Technology investment and implementation ☑️ Compliance ☑️ Financial reporting ☑️ Risk management ☑️ Capital management Surveyors suggest tapping into AI for predictive forecasting and scenario planning, emphasizing the critical importance of data quality. 🤖 Read more here 👉 https://hubs.ly/Q02FJBG20 #CFOInsights #FinanceLeadership