We spoke with several CFOs and found out the following jargons to be commonly used by many of them…We all know what EBITDA stands for, but do we know what EBITDAC means? Let’s find out.
We have brought the top three words and meanings that CFOs taught us in 2020:
1: EBITDAC: Earnings Before Interest, Taxes, Depreciation, Amortization, Covid
(Sundar Sampath, Executive Vice President & Global CFO, CSS Corp)
2: Circle of influence and concern: Helps us focus on what one can do instead of what one can’t do
(Sandeep Bhatia, Group CFO, Lendingkart Technologies)
3: VAS – Value Accretion for Stakeholders
(Gopal Balachandran, CFO & Chief Risk Officer, ICCI Lombard)
4: Insight – Smart data provides intelligent insights. For data to be smart, it must evolve through its various stages; Descriptive stage, Diagnostic stage, Predictive stage and Prescriptive stage.
(Sameer Kamath, ED & Group CFO, Avendus Capital)
5: Time value of money (in financial services business): One rupee in hand today may be better than 10 in an unknown future period
(Sandeep Bhatia, Group CFO, Lendingkart Technologies)