Remove Accounting Standards Remove Communication Remove Financial Data Remove GAAP
article thumbnail

Digital acceleration to drive finance leadership in 2022

Future CFO

Here are the five most important skills identified: A strong understanding of risk management The ability to use new software or technology The ability to communicate complex financial information to different stakeholders A strong understanding of financial best practices The ability to collaborate with colleagues from other functions.

article thumbnail

Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

Additionally, they can sometimes produce incorrect or misleading information, particularly on topics updated beyond their last training data or when asked to predict or speculate about future events. With a large and diverse enough data set (e.g. a model could be trained to become an expert in finance and accounting.

Finance 95
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Outsourced bookkeeping for a nonprofit

The Charity CFO

Properly evaluate each company and their credentials before letting go of your financial data. Make sure that you find a partner in your service provider and ensure that your access and communication channels are clearly defined. Security Concerns The financial data of an organization is incredibly sensitive.

article thumbnail

TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

Additionally, they can sometimes produce incorrect or misleading information, particularly on topics updated beyond their last training data or when asked to predict or speculate about future events. With a large and diverse enough data set (e.g. a model could be trained to become an expert in finance and accounting.

Finance 52
article thumbnail

The Complete Guide to Nonprofit Accounting Careers

The Charity CFO

For accountants, this means the profit-generating strategies and investment ideas you bring to the table are still applicable and can make a massive impact. One key differentiator is that what is recorded following GAAP is what will show up on the audit and may not show up on the IRS tax form, Federal Form 990.