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Evolution in the CFO Role: The Three Rs in Financial Management

Future CFO

Manish Modani , CFO at RDC Concrete (India) , discusses what fuels the newfound appreciation for financial expertise hence the observed evolution to the CFO role. Additionally, CFOs are critical in managing and empowering their teams as the manufacturing industry’s workforce evolves.

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vcfo Houston Team Grows with Addition of Jose Perez-Bello, Consulting CFO

VCFO

Jose is a senior finance professional with more than 30 years of experience in financial management roles in manufacturing and international energy ventures. Joining vcfo’s Houston market as a Consulting CFO is Jose Perez-Bello.

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Lease Accounting Updates that May Impact Your Business

VCFO

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward.

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A CFO’s Role in Climate Change Mitigation

The Finance Weekly

The February, 2021 Texas Freeze affected many manufacturing industries, and different types of chemical plants in particular. Industries such as car manufacturers, construction materials, and plastic factories were missing key elements of their product and the ripple effect of country wide shortages was felt for months afterwards.

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Strategic Finance Focus at Year-End

VCFO

This can include software companies, manufacturers and many who may not even have thought of themselves as a research-oriented business. Assessing Accounting For entities preparing GAAP compliant financial statements, adoption of Revenue Recognition Standard (ASC 606) and Lease Accounting Standard (ASC 842) is now mandatory.

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Standards for Carbon Accounting are Beginning to Take Shape

Bramasol

A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? From a global perspective, the International Sustainability Standards Board (ISSB) is also working on developing uniform financial reporting rules.

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166: Nicolaas van Wyk

CFO Talks

We expect the same will happen locally, there are a lot of listed companies in South Africa getting loans and credit from the PIC and soon the PIC will also start requiring these types of reports. As they move from manufacturing to retail, to the service industry, they get this experience that they need to be at the pinnacle.

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