This document provides an agenda and summaries for a presentation by Paul Young on the topics of close, consolidate and reporting cycles. The presentation covers Paul's background and areas of expertise. It then outlines trends in accounting for 2022 related to employee expectations, regulatory scrutiny, and inflation. Other topics on the agenda include continuous reporting, accounting trends for 2022, technology improvements for organizations, and challenges for chief financial officers. Risk management, internal audit, artificial intelligence, virtual close cycles, and supply chain issues are also discussed.
Paul Young is a CPA and expert in several areas including close, consolidate and reporting cycle, risk management, ESG reporting, data strategy, and emerging technologies. The document discusses key focus areas for CFOs such as automation, remote work, ESG reporting, and upskilling. It also covers challenges for accounting like regulatory filing issues, time to close, pain points in the close cycle, and the move to continuous accounting. New technologies like AI, cloud solutions, and analytics can help address these issues.
Close, Consolidate and Reporting Cycle for Business - January 2018paul young cpa, cga
Accounting and Finance continue to evolved as business demands more and more real-time processing.
AI is driving more and more automation within accounting and finance departments.
This document summarizes a presentation about the close, consolidate and reporting cycle. It discusses how the accounting cycle is evolving to demand more real-time reporting. It also outlines challenges like regulatory compliance, reducing close times, and moving to continuous accounting. New technologies like artificial intelligence and data science are changing the role of accounting and how finance functions operate.
Financial Reporting Challenges and Solutions - Corporate Reportingpaul young cpa, cga
The document discusses challenges in financial reporting and solutions. It covers areas of focus for CFOs like changes in accounting standards, budgeting cycles, reducing close times, and risk compliance. Continuous accounting and use of automation/integration between systems are suggested to expedite the close process. The role of artificial intelligence, data science, and emerging technologies in accounting is also examined.
More and more companies are embracing technological solutions as part of streaming their reporting and forecasting cycles.
This presentation discusses the role AI will continue to play in reshaping the work done by accounting, tax and FP&A departments.
Business struggles with close, consolidate and reporting cycle june 2017paul young cpa, cga
This presentation looks at pressure points for accounting and finance department as part of completing their close cycle. CFO are being pushed by businesses for more continuous reporting.
Streamlining the Close, Consolidate and Reporting Process for Businesspaul young cpa, cga
This document discusses challenges that businesses face with closing the accounting cycle, consolidating financial data, and reporting. It notes that the median time to complete this process is 15 days for large companies, though some take up to 25 days. Continuous accounting and financial performance management (FPM) solutions are presented as ways to streamline the process. Risk management spending by financial institutions is also summarized, including areas of governance, integration, and financial crime compliance. Contact information is provided for IBM solutions that address these issues.
Strengthen Internal Controls and Compliance through Data and AI as part of th...paul young cpa, cga
This document discusses how organizations can strengthen internal controls and compliance through the use of data and AI as part of regulatory and corporate reporting processes. It outlines Paul Young's background and expertise in areas such as risk management, sustainability reporting, and the use of emerging technologies. The document then covers topics like the types of compliance risks, internal control frameworks, top regulatory challenges, and how data and AI can help improve various processes within the close, consolidate, and reporting cycle. Specific challenges for the CFO role around digital transformation, workforce priorities, and boosting resilience are also examined.
Paul Young is a CPA and expert in several areas including close, consolidate and reporting cycle, risk management, ESG reporting, data strategy, and emerging technologies. The document discusses key focus areas for CFOs such as automation, remote work, ESG reporting, and upskilling. It also covers challenges for accounting like regulatory filing issues, time to close, pain points in the close cycle, and the move to continuous accounting. New technologies like AI, cloud solutions, and analytics can help address these issues.
Close, Consolidate and Reporting Cycle for Business - January 2018paul young cpa, cga
Accounting and Finance continue to evolved as business demands more and more real-time processing.
AI is driving more and more automation within accounting and finance departments.
This document summarizes a presentation about the close, consolidate and reporting cycle. It discusses how the accounting cycle is evolving to demand more real-time reporting. It also outlines challenges like regulatory compliance, reducing close times, and moving to continuous accounting. New technologies like artificial intelligence and data science are changing the role of accounting and how finance functions operate.
Financial Reporting Challenges and Solutions - Corporate Reportingpaul young cpa, cga
The document discusses challenges in financial reporting and solutions. It covers areas of focus for CFOs like changes in accounting standards, budgeting cycles, reducing close times, and risk compliance. Continuous accounting and use of automation/integration between systems are suggested to expedite the close process. The role of artificial intelligence, data science, and emerging technologies in accounting is also examined.
More and more companies are embracing technological solutions as part of streaming their reporting and forecasting cycles.
This presentation discusses the role AI will continue to play in reshaping the work done by accounting, tax and FP&A departments.
Business struggles with close, consolidate and reporting cycle june 2017paul young cpa, cga
This presentation looks at pressure points for accounting and finance department as part of completing their close cycle. CFO are being pushed by businesses for more continuous reporting.
Streamlining the Close, Consolidate and Reporting Process for Businesspaul young cpa, cga
This document discusses challenges that businesses face with closing the accounting cycle, consolidating financial data, and reporting. It notes that the median time to complete this process is 15 days for large companies, though some take up to 25 days. Continuous accounting and financial performance management (FPM) solutions are presented as ways to streamline the process. Risk management spending by financial institutions is also summarized, including areas of governance, integration, and financial crime compliance. Contact information is provided for IBM solutions that address these issues.
Strengthen Internal Controls and Compliance through Data and AI as part of th...paul young cpa, cga
This document discusses how organizations can strengthen internal controls and compliance through the use of data and AI as part of regulatory and corporate reporting processes. It outlines Paul Young's background and expertise in areas such as risk management, sustainability reporting, and the use of emerging technologies. The document then covers topics like the types of compliance risks, internal control frameworks, top regulatory challenges, and how data and AI can help improve various processes within the close, consolidate, and reporting cycle. Specific challenges for the CFO role around digital transformation, workforce priorities, and boosting resilience are also examined.
Reporting Challenges for Corporate Accounting and Finance - Office of the Fin...paul young cpa, cga
This presentation highlights key areas like risk management, accounting standards (FASB, ISAB), Internal Audit, Big Data as well as budgeting and forecasting.
How to Streamline the Close Consolidate and Reporting Cycle.pptxpaul young cpa, cga
- Paul Young is a CPA and CGA who is a senior data and AI specialist with expertise in areas related to close, consolidate and reporting cycles, risk management, internal audit, AI, sales/forecasting, analysis and reporting, ESG reporting, and cash flow management.
- The document provides an agenda on priorities for CFOs and offices of finance in 2023/2024 including improving close cycles, consolidated solutions, ESG, and integrated planning and reporting. It also includes various resources and tips on these topics.
The document discusses the growing role of Chief Digital Officers (CDOs) in companies. It outlines some of the key responsibilities of CDOs, which include developing a company's digital strategy, integrating digital initiatives across business units, and educating other executives about digital opportunities. The document also provides examples of prominent companies that have hired CDOs, such as Starbucks, CVS, and Renault, and discusses some of the digital projects these CDOs have led. It predicts that the number of CDO positions will continue increasing globally as more companies recognize the importance of digital strategies.
Reporting Challenges for Accounting and Finance - January 2017paul young cpa, cga
This is presentation looks at reporting issues facing businesses in 2017 and beyond. The emphasis of the presentation will on areas like big data, accounting standards, demands of business and risk analytics
Technology and digital transformation continue to be
central to the futuristic design and vision for finance.
Across industries and sectors, technologies such as
advanced data analytics, robotics, blockchain and
Artificial Intelligence (AI) are creating new opportunities
and driving finance transformation
This presentations looks at the issues facing accounting and finance department. The speed of change including use of AI is becoming more and more important to business.
The difficult art of quantifying return on digital investmentsBen Gilchriest
Measuring digital investments is proving to be a challenging task. Many companies have tried to create models that demonstrate the value of digital technologies, such as social media, applying traditional metrics to these. However, it's proving to be difficult to find a credible method.
So how do we make the difficult decision on where to invest in digital; especially when we are under so much pressure to do so much more? Whilst we need some sort of mechanism in place to make informed choices, traditional approaches to ROI are falling short. This paper describes these challenges in more detail (you are not alone, even amongst the world's leading digital companies, the 'Digirati', only 56% create a business case). It also describes three approaches you can take to define a digital business case, and provides perspectives on how to best approach digital investment decisions.
To succeed in today’s volatile economy, financial leadership has become more significant than ever. Learn how leading CFOs accelerate strategic growth as well as ensure its alignment with the company’s business objectives.
How to Bring About Finance Transformation on Your Own TermsWorkday, Inc.
In this deck, experts from PwC and Workday explain how finance leaders can use automation, artificial intelligence, and analytical skills to help their teams adapt to rapid change.
4 best practices_using finance applications for better process efficienciesKaizenlogcom
The document discusses the need for modern financial applications to improve process efficiencies and data accuracy for CFOs facing increasing demands. It outlines challenges such as legacy systems relying on manual data entry and inability to access timely and comprehensive data. The document then provides best practices for identifying financial applications including regularly assessing legacy systems, focusing on automation and integration, considering cloud-based systems, using single integrated systems, and automating the financial close process. Implementing appropriate applications can result in immediate impacts like accelerated ROI, greater productivity, improved reporting and analysis, stronger financial controls, and a more responsive finance team.
4 best practices_using finance applications for better process efficienciesKaizenlogcom
The document discusses the need for modern financial applications to improve process efficiencies and data accuracy for CFOs facing increasing demands. It outlines challenges such as legacy systems relying on manual data entry and inability to access timely and comprehensive data. The document then provides best practices for identifying financial applications including regularly assessing legacy systems, focusing on automation and integration, considering cloud-based systems, using single integrated systems, and automating the financial close process. Implementing appropriate applications can result in immediate impacts like accelerated ROI, greater productivity, improved reporting and analysis, stronger financial controls, and a more responsive finance team.
4 best practices_using finance applications for better process efficienciesKaizenlogcom
The document discusses the need for modern financial applications to improve process efficiencies and data accuracy for CFOs facing increasing demands. It outlines challenges such as legacy systems relying on manual data entry and inability to access timely and comprehensive data. The document then provides best practices for identifying financial applications including regularly assessing legacy systems, focusing on automation and integration, considering cloud-based systems, selecting single integrated systems, and automating the financial close process. Implementing appropriate applications can result in immediate impacts like accelerated ROI, greater productivity, improved reporting and analysis, stronger financial controls, and a more responsive finance team.
Emerging Technologies - The Future Of Finance (CIMA Feb 2019)Michael Sadler
A presentation by IBM on the topic of "The Future Of Finance" examining emerging trends, and how accountants can to prepare for the transition from "running the numbers" to being value-adding partners to the business.
How to improve the Governance Model for the Public Sector - February 2023.pptxpaul young cpa, cga
This document provides an overview of a presentation on fixing governance models for government. It includes a biography of the presenter Paul Young, an agenda covering topics like the fiscal management cycle, what is governance, how performance audits and data literacy can help improve governance, and mitigating geopolitical risks. It also discusses factors that impact governance and how the public sector needs to adopt sustainability reporting.
Key risks areas facing corporate Canada - https://www.canadianunderwriter.ca/catastrophes/what-are-canadas-major-business-risks-for-2023-1004229705/
Adopting of ESG and Sustainability Reporting - https://www.pwc.com/ca/en/today-s-issues/environmental-social-and-governance/net-zero/preparing-for-esg-assurance.html
Meeting the competitive challenges - https://thebusinesscouncil.ca/publication/meeting-the-competitive-challenge/
Canada GDP continues to face many challenges - https://thoughtleadership.rbc.com/canadian-economy-unlikely-to-dodge-a-downturn-despite-early-2023-resilience/
Canada needs to look at ways to develop its mining sector in a sustainable way - https://www.thesudburystar.com/opinion/columnists/column-the-critical-and-urgent-case-for-developing-critical-minerals-in-canada
Canada forest sector continues to be world class – https://www.todayville.com/calgary/12-facts-showing-canada-world-class-forestry-sector/
Canada energy sector is had some of the toughest ethical and environmental rules in the world. More needs to be done to promote the oil and gas sector as part of the overall energy solution for world electricity power requirements. https://calgaryherald.com/opinion/columnists/varcoe-canadian-lng-projects-status
How to fix the Governance model for Government (Public Sector).pptxpaul young cpa, cga
Summary:
I have written many presentations and blogs over the years on transforming the public sector. The public sector needs to reform its model including stronger crisis and risk management planning and analysis, creating new a compliance group that ensures all oversight agencies are free from partisan policies, governments need to learn to live within its means, all program spending should undertake a program review, taxation focus should be on tax fairness, policies should address issues like wage reform or pension reform or other reforms.
How to improve the Governance Model for the Public Sector - November 2022.pptxpaul young cpa, cga
This document provides an overview of Paul Young's presentation on fixing governance models for government. The presentation covers topics such as the fiscal management cycle, what governance is, factors that impact governance, how performance audits and data ethics can help improve governance, and challenges around geopolitical risks, AI governance, and ESG reporting. Paul Young has expertise in many areas relevant to governance, risk management, and public policy.
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
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The document discusses the growing role of Chief Digital Officers (CDOs) in companies. It outlines some of the key responsibilities of CDOs, which include developing a company's digital strategy, integrating digital initiatives across business units, and educating other executives about digital opportunities. The document also provides examples of prominent companies that have hired CDOs, such as Starbucks, CVS, and Renault, and discusses some of the digital projects these CDOs have led. It predicts that the number of CDO positions will continue increasing globally as more companies recognize the importance of digital strategies.
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Technology and digital transformation continue to be
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This presentations looks at the issues facing accounting and finance department. The speed of change including use of AI is becoming more and more important to business.
The difficult art of quantifying return on digital investmentsBen Gilchriest
Measuring digital investments is proving to be a challenging task. Many companies have tried to create models that demonstrate the value of digital technologies, such as social media, applying traditional metrics to these. However, it's proving to be difficult to find a credible method.
So how do we make the difficult decision on where to invest in digital; especially when we are under so much pressure to do so much more? Whilst we need some sort of mechanism in place to make informed choices, traditional approaches to ROI are falling short. This paper describes these challenges in more detail (you are not alone, even amongst the world's leading digital companies, the 'Digirati', only 56% create a business case). It also describes three approaches you can take to define a digital business case, and provides perspectives on how to best approach digital investment decisions.
To succeed in today’s volatile economy, financial leadership has become more significant than ever. Learn how leading CFOs accelerate strategic growth as well as ensure its alignment with the company’s business objectives.
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In this deck, experts from PwC and Workday explain how finance leaders can use automation, artificial intelligence, and analytical skills to help their teams adapt to rapid change.
4 best practices_using finance applications for better process efficienciesKaizenlogcom
The document discusses the need for modern financial applications to improve process efficiencies and data accuracy for CFOs facing increasing demands. It outlines challenges such as legacy systems relying on manual data entry and inability to access timely and comprehensive data. The document then provides best practices for identifying financial applications including regularly assessing legacy systems, focusing on automation and integration, considering cloud-based systems, using single integrated systems, and automating the financial close process. Implementing appropriate applications can result in immediate impacts like accelerated ROI, greater productivity, improved reporting and analysis, stronger financial controls, and a more responsive finance team.
4 best practices_using finance applications for better process efficienciesKaizenlogcom
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4 best practices_using finance applications for better process efficienciesKaizenlogcom
The document discusses the need for modern financial applications to improve process efficiencies and data accuracy for CFOs facing increasing demands. It outlines challenges such as legacy systems relying on manual data entry and inability to access timely and comprehensive data. The document then provides best practices for identifying financial applications including regularly assessing legacy systems, focusing on automation and integration, considering cloud-based systems, selecting single integrated systems, and automating the financial close process. Implementing appropriate applications can result in immediate impacts like accelerated ROI, greater productivity, improved reporting and analysis, stronger financial controls, and a more responsive finance team.
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This document provides an overview of a presentation on fixing governance models for government. It includes a biography of the presenter Paul Young, an agenda covering topics like the fiscal management cycle, what is governance, how performance audits and data literacy can help improve governance, and mitigating geopolitical risks. It also discusses factors that impact governance and how the public sector needs to adopt sustainability reporting.
Key risks areas facing corporate Canada - https://www.canadianunderwriter.ca/catastrophes/what-are-canadas-major-business-risks-for-2023-1004229705/
Adopting of ESG and Sustainability Reporting - https://www.pwc.com/ca/en/today-s-issues/environmental-social-and-governance/net-zero/preparing-for-esg-assurance.html
Meeting the competitive challenges - https://thebusinesscouncil.ca/publication/meeting-the-competitive-challenge/
Canada GDP continues to face many challenges - https://thoughtleadership.rbc.com/canadian-economy-unlikely-to-dodge-a-downturn-despite-early-2023-resilience/
Canada needs to look at ways to develop its mining sector in a sustainable way - https://www.thesudburystar.com/opinion/columnists/column-the-critical-and-urgent-case-for-developing-critical-minerals-in-canada
Canada forest sector continues to be world class – https://www.todayville.com/calgary/12-facts-showing-canada-world-class-forestry-sector/
Canada energy sector is had some of the toughest ethical and environmental rules in the world. More needs to be done to promote the oil and gas sector as part of the overall energy solution for world electricity power requirements. https://calgaryherald.com/opinion/columnists/varcoe-canadian-lng-projects-status
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Summary:
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Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
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The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...paul young cpa, cga
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...paul young cpa, cga
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...paul young cpa, cga
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptxpaul young cpa, cga
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptxpaul young cpa, cga
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.