Future CFO

AUGUST 30, 2021

These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances. Controllers: Companies don’t have access to historical data to benchmark their responses and performance against or help model future scenarios. But these are table stakes of the profession. An MBA or CPA is also highly desirable.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Problem Solving 52

The CFO College

APRIL 8, 2021

For many bookkeepers and accountants, working remotely is a reality that has breathed energy back into the passion they feel for their work and their life. You’ll also want to stay current on successful brands, along with trending operations, metrics, and benchmarking. Commit to Delivering World-Class Accounting to All Clients.

CFO 52

CFO Benchmarking Tax Planning Accounting 52

PYMNTS

MAY 16, 2018

To that end, risk solutions firm Kroll partnered with Ethisphere to offer up the Anti-Bribery & Corruption Benchmarking Report of 2018. In one example, in Kenya, media outlets reported audits have shown that Isiolo County exaggerated its payroll reporting and lost “hundreds of millions of shillings” between the period of 2013 to 2017.

Invoicing 40

Invoicing Compliance Benchmarking Auditing 40

Collectiv

FEBRUARY 2, 2022

Empower your team to maintain cybersecurity and compliance standards with training on security, governance settings, gateway installation and management, audit logs, and the Azure Active Directory. Identifying the following roles and responsibilities early on for each team boosts adoption by creating accountability: Dataset Owner.

Education 52

Education Benchmarking Prioritization Data Analysis 52

The CFO College

MAY 12, 2021

Even though working remotely as your own boss is the dream of many bookkeepers and accountants, it’s too easy to find yourself struggling to make ends meet, hunting down payment from clients, and settling for any client who throws work at you. ” The answers to these questions give you a benchmark for success.

Education 52

Education CFO Investments Budgeting 52

The Charity CFO

APRIL 28, 2023

Is there an advantage to working with accounting firms specializing in nonprofits? However, running a nonprofit comes with unique challenges that require specialized expertise, particularly in financial management and accounting. Grant Accounting Many nonprofit organizations rely on grants to fund their programs and services.

Nonprofit 52

Nonprofit Accounting Firms Accounting Auditing 52

VCFO

NOVEMBER 1, 2023

These actions might include: A blitz on collection of past due receivables to reduce cash tied up in past due accounts, reduce bad debt exposure and improve DSO (days sales outstanding – a metric often scrutinized by lenders). Read more in our blog about Lease Accounting Updates.) audited or reviewed financial statements).

Finance 91

Finance Strategic Planning Auditing CFO 91

Fpanda Club

FEBRUARY 5, 2024

Monthly closing, reporting, compliance and support in audit are among the most frequent responsibilities mentioned in the descriptions. It is extremely important to ensure this specific positioning of the finance business partners with their business focus and proactive approach in regards to other finance, accounting and controlling roles.

Finance 130

Finance Analyzing Data Benchmarking Communication 130

Barry Ritholtz

OCTOBER 16, 2023

Bloomberg ) • How a Maneuver in Puerto Rico Led to a $29 Billion Tax Bill for Microsoft : In the largest audit in U.S. Orbis deploys a unique fee arrangement , where they are only paid a fee when they outperform their benchmark and refund fees to clients when they underperform.

Benchmarking 52

Benchmarking Auditing Marketing Finance 52

PYMNTS

AUGUST 7, 2019

The Government Accountability Office (GAO), the supreme audit institution of the United States, agrees with Temoshok. “The reason for this is that, due to data breaches, the information that can be the basis for knowledge-based questions is pretty much publicly available.”.

Benchmarking 47

Benchmarking Securities Auditing Planning 47

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

PYMNTS

AUGUST 24, 2017

This month, the company published its latest analysis, The Financial Leaders’ Benchmarking Report , and the findings were “troubling,” in the words of APEX Analytix. In general, he said, companies are aware of the risk of fraud in their accounts payable departments.

Accounts Payable 40

Accounts Payable Invoicing Benchmarking Auditing 40

Barry Ritholtz

MAY 9, 2023

You begin in audit practice at KPMG. And my dad had always said, as many young kids get this advice, doctor, lawyer, accountant, engineer. SALISBURY: And accountant seemed like a reasonable option. And I kind of stumbled my way into accounting. That background of being an accountant was just great bedrock training.

Investments 114

Investments Banking Advertising Finance 114

PYMNTS

SEPTEMBER 5, 2019

Businesses that are noncompliant risk facing audits and expensive fees. The complexities of staying current with sales tax requirements generate ample business opportunities for solution providers, such as those offering accounting and tax management software. As a result, businesses are left unsure about how to maintain compliance.

Compliance 46

Compliance Economics Sales eCommerce 46

Planful

AUGUST 1, 2017

You’re preparing for an IPO or external audit, which requires having rock-solid financial statements. According to a 2014 study by APQC benchmarking the financial close process, the bottom performers took 12 days or more to close and report their results to management. So what does the financial consolidation and close process entail?

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

PYMNTS

JANUARY 11, 2018

The problem with this strategy, however, is that the use of manual auditing solutions would force managers not only to review every single charge on every single expense report, but to somehow keep a record of each employee’s past offenses to identify when they repeat a mistake or commit fraud more than once. .

Auditing 41

Auditing Accounts Payable Benchmarking Education 41

Planful

APRIL 26, 2017

According to a recent benchmark survey by APQC, the bottom performers take 12 days or more to close the books and report their results to management. In terms of contributors, this can include staff from Accounting, FP&A, Legal, Tax, and Audit, as well as the CFO, reviewing results and creating and editing the textual commentary.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Value-Added Analysis Auditing Benchmarking 40

Barry Ritholtz

NOVEMBER 14, 2023

You’re in the board meetings, you’re in the compensation meetings, you’re in the internal audit meetings. They might have, you know, risk parameters, they might have liquidity needs, they might wanna track a benchmark. So we do manage money for the Prudential general account, but it tends to be in equities.

Math 52

Math Leadership Investments Entertainment 52

Onplan

NOVEMBER 30, 2022

Benchmarking and KPI tracking across the organization to stay on course. The tool has several custom reporting features, including providing scorecards and benchmarking with external data. Centage Budget Maestro: You can use Centage Planning Maestro in conjunction with Centage Budget Maestro for your general accounting software needs.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52