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What Is A Virtual CFO, Exactly (And Why Do I Need One?)

CFO Network

What Is A Virtual CFO, Exactly (And Why Do I Need One?). First of all, what is a virtual CFO exactly? Keyword(s): virtual cfo. The average salary for a CFO in the United States is $395,820. What is a Virtual CFO? As you probably know, CFO stands for Chief Financial Officer. What Does a Virtual CFO Do?

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The Difference Between Cost of Sales vs Cost of Goods Sold

CFO Share

In the world of business finance, the terms “Cost of Sales” (COS) and “Cost of Goods Sold” (COGS) are often confused. Though they may sound similar, understanding their distinct meanings is beneficial for any business owner or manager. Is cost of goods sold a debit or credit?

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Podchats for FutureCFO: Action items to accelerate finance transformation

Future CFO

In an IBM Global C-Suite study , two-thirds of CFOs surveyed confirmed that their agenda includes taking an active role in developing strategy, driving growth, reducing costs, managing risks and providing insights. You get this whole new level of streamlined accounting and compliance processes. Sanjay Patil.

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PodChats for FutureCFO: Capturing opportunities under an evolving payments landscape

Future CFO

This is the reason why LexisNexis Risk Solutions launched a new service called Safe Payment Verification , which checks the name of the payment against the destination account. He says this is being rolled out country by country after being initially set up in the UK.

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What are the Red Flags of Fraud?

CFO Share

There are many symptoms of fraud which can be easily confused with general business challenges like poor cost management. Keep in mind neither financial statement audits nor tax accounting are not designed to detect all forms of embezzlement. A bookkeeper or accountant who . No internal audits.