CFO Network

MARCH 18, 2024

Accounting is a pivotal area among the various outsourced functions. But before you jump on the bandwagon, let’s have a candid conversation: Does outsourced accounting work for small and medium-sized businesses (SMBs)? Accounting firms employ professionals proficient in various accounting and finance domains.

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Accounting Prioritization Communication Construction 52

The Charity CFO

APRIL 2, 2024

Managing a nonprofit can be complex, especially when it comes to nonprofit accounting. Finding the right accounting partner for your nonprofit is essential to the financial success of your nonprofit organization. That’s why you need a strong accounting partner who specializes in nonprofits.

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CFO Talks

APRIL 5, 2023

Written by Leigh Schaler In a recent interview on the CFOTalks podcast, Zebediah Marewangepo a Senior Business Consultant at Taxdirect, shared his insights on the accounting profession in Zimbabwe and South Africa. but somewhere along the line I ended up doing accountancy and I then finished college in 1994.

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Accounting Problem Solving Compliance Communication 94

Future CFO

MARCH 27, 2024

Despite concerted efforts, the accountancy profession is struggling to attract and retain talent , and at the same time is facing declining number of entrants, a joint study by the Association of Chartered Certified Accountants and the Chartered Accountants Australia and New Zealand finds. Provide internal career opportunities.

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Numbers Accounting Auditing Communication 52

Future CFO

DECEMBER 20, 2023

Accounting professionals are often tangled within intricate financial landscapes, working against tight deadlines and managing complex regulations. The distinct stressors accountants face stem from cyclic nature of peak periods, such as tax seasons, which intensify the workload, leading to increased stress. Self-regulation. Motivation.

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Accounting Communication Leadership Accounting Firms 52

The Charity CFO

MARCH 6, 2024

The conversation today has a very simple focus, 5 red flags that your nonprofit accounting needs improvement, even when it may not be recognized. Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter. The accountant must post all transactions that filter through the bank account.

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CFO Simplified

JULY 24, 2022

How Does a Fractional CFO Work with a Remote Accounting Team? But even with all of those changes, the accounting function has remained essentially the same. So, in a remote environment, which we’re all used to by now, how does a fractional CFO work with a remote accounting team? Managing a Remote Accounting Team.

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The Charity CFO

APRIL 20, 2023

How can nonprofit accounting software help your organization with efficiency? In today’s digital age, technology has revolutionized almost every aspect of business operations, including accounting and finance. For-profit companies have long used accounting software to track their financial transactions and monitor their bottom lines.

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Beacon CFO Plus

NOVEMBER 30, 2023

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively.

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Bramasol

JULY 22, 2023

Previous posts in this blog series o n Environmental, Social and Governance (ESG) and carbon accounting have spotlighted carbon accounting as a trend to watch , looked at ESG impacts on M&A , and tracked the emergence of new ESG standards.

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The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting. Benefits of Nonprofit Accounting Services. Nonprofit organizations exist to further a mission or goal.

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CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

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The Charity CFO

AUGUST 15, 2023

Myths of Nonprofit Accounting and Why They Matter to Job Seekers Unfortunately, many job seekers fall victim to the stereotypes and believe the myths surrounding nonprofit accounting. In this section, we will debunk the three most common nonprofit accounting myths. Ready to dive deep into this exciting realm?

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Nonprofit Accounting Profit and Loss Budgeting 52

CFO Simplified

DECEMBER 12, 2021

The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category.

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Strategic Treasurer

APRIL 10, 2023

Episode 248 Becoming a Treasurer Series, Part 27: Languages of Finance: Accounts Receivable What problems arise when treasury and accounts receivable misunderstand each other? Topics discussed include preparation, what needs to be measured, effective communication, development of a team, and acquirement of resources needed.

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Accounting Finance Treasury Communication 52

Strategic Treasurer

APRIL 3, 2023

Episode 247 Becoming a Treasurer Series, Part 26: Languages of Finance: Accounts Payable What problems arise when treasury and accounts payable misunderstand each other? Topics discussed include preparation, what needs to be measured, effective communication, development of a team, and acquirement of resources needed.

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Bramasol

NOVEMBER 8, 2021

However, for the past couple of decades, ESG has typically consisted of producing an annual glossy Corporate Responsibility Report that discussed various initiatives in descriptive terms across areas such as energy usage, waste stream mitigation, labor practices, community programs, charitable giving, etc.

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PYMNTS

DECEMBER 10, 2020

Increasingly, FinTechs and the businesses they serve are pulling double duty with solutions that tackle both accounts receivable and accounts payable friction for each end of the B2B transaction. Digitizing and modernizing B2B payments cannot be a one-sided effort. Wells Fargo, Bill.com Pull Double Duty With Partnership.

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Future CFO

FEBRUARY 23, 2023

Auditing and accounting talent shortage continue to make employers toss and turn, according to a global survey of more than 4,100 accountants and 2,300 auditors. When it comes to talent retention, more than 85% of accountants and 90% of auditors said it is either somewhat or extremely difficult.

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CFO News

OCTOBER 25, 2023

NFRA has requested files and communications related to the audits of Adani Group companies dating back to 2014. The National Financial Reporting Authority (NFRA) in India has launched an inquiry into EY member firm S.R. Batliboi, one of the longtime auditors of the Adani Group, according to sources.

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Accounting Auditing Communication Financial Reporting 52

The Charity CFO

DECEMBER 8, 2022

But in order to get the most out of these grants, you need to understand how to properly manage and account for them. The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. 8 Best Practices When Accounting For Grants.

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Future CFO

JULY 16, 2021

Customer service doesn’t stop when companies are dealing with outstanding customer accounts. Whether escalating outstanding accounts to third-party collections agencies or managing receivables in-house, AR teams must emphasise customer experience throughout the entire collections process. appeared first on FutureCFO.

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PYMNTS

JULY 24, 2020

and Canadian online grocery delivery service, blamed reused passwords for the recent account hacks that led to the theft of its customers’ personal data that landed on the dark web. Instacart advised customers to select unique, strong passwords for their accounts that they do not use on any other apps or websites as an extra precaution.

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Accounting Communication Numbers Securities 75

CFO Share

MARCH 13, 2023

Managing accounts payable is critical for any business to maintain healthy cash flow and vendor relationships. Financial ratios are essential tools that help companies evaluate their financial performance, including their ability to manage accounts payable effectively. What is accounts payable in ratio analysis?

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CFO Leadership

OCTOBER 18, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

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Finance Accounting Auditing IFRS 52

PYMNTS

DECEMBER 20, 2017

Once you’re there, it’s essential to develop a voice for how your business communicates that’s unique and memorable. Successfully bridging that gap - using human communication to help solve problems in an effortless way that doesn’t leave customers pulling their hair out - is precisely the goal in curating a customer experience.

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Communication Accounting Marketing 56

CFO Dive

NOVEMBER 3, 2022

New owner Elon Musk now has access to sensitive internal communications that could touch on his claim Twitter has more fake accounts than it says it does.

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PYMNTS

APRIL 21, 2020

Users can scan their IDs with the mobile app, and their personal details are automatically populated into their account profiles and into bank advisers’ computers, essentially creating a connection between the app and the branch. The app uses near-field communication (NFC) for easy data transfers. Using AI For Onboarding.

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Future CFO

JANUARY 27, 2022

CFOs must account for inflation-related uncertainties in annual budget and guidance for investors, said Gartner recently. CFOs will need to account for the higher level of uncertainty as they set budgets that drive investment, compensation and annual guidance shared with investors,” Keenan advised.

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

Nerd's Eye View

APRIL 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a.

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PYMNTS

SEPTEMBER 1, 2020

Plaid is doubling down on its push to connect banks to FinTechs and their customers with a new, instant account update feature. 1), Plaid rolled out a major upgrade to its new bank- and institution-focused service, enabling banks and their FinTech partners who connect on Plaid Exchange to offer instant account updates to their customers.

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Accounting Banking Communication Finance 63

Future CFO

APRIL 15, 2020

Many Finance & Accounting (F&A) professionals rely on traditional manual accounting processes to close the books. A reliance on spreadsheets, tribal knowledge and in-person communication is not sustainable and introduces risk in a normal environment.

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Accounting Communication Finance Auditing 52

Future CFO

SEPTEMBER 15, 2020

Terry Smagh: The finance and accounting (F&A) professionals got to give the right information to the C-level, to make decisions about where the businesses can go, and give leadership the perspective of how we can change the future. They also need soft skills like effective communication. Most in-demand skills.

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Finance Accounting Leadership Budgeting 52

Future CFO

MARCH 29, 2021

FutureCFO spoke to Marcus Rex, managing director for Asia-Pacific, xSuite, for his perspective on how finance automation in general, and accounts payable in particularly, can help transform finance into a profit centre. Myths around accounts payable (AP) automation. Recurring pain points in accounts payables.

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PYMNTS

JUNE 19, 2019

HSBC is rolling out its digital accounts receivable solution for corporates in India after teaming up with Australia-based Identitii , reports in IT Wire said on Tuesday (June 18). “HSBC’s DART is an industry first,” said Identitii CEO Nick Armstrong in a statement.

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PYMNTS

JANUARY 30, 2019

The Royal Bank of Scotland (RBS) is being sued by an unnamed British payments company over allegations that RBS froze accounts on suspicion of illegal activity by the company’s clients, according to a report in the Financial Times. The trial is expected to last four weeks.

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Accounting Communication Banking Finance 77

Future CFO

MAY 1, 2024

A career “Expectation for a controller continually evolves,” according to Giselle Arellano-Geronimo , vice president – head of finance, accounting & procurement (controller) at Shearwater Health , and the winner of the 2024 FutureCFO Controller of the Year Award.

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