article thumbnail

The evolution of accounting

Future CFO

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Changes from manual record-keeping to sophisticated software solutions has undeniably shifted the accounting landscape, bringing in an era of heightened efficiency and accuracy.

article thumbnail

Talent retention in Southeast Asia: Accountants as valuable assets

Future CFO

Talent shortage among accounting staff continues to persist in many parts of the world including Southeast Asia, with the issue being most felt by small accounting firms that struggle to compete with the big accounting firms: KPMG , PwC , Ernst & Young , and Deloitte.

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

5 Ways to Mitigate the Accountant Shortage

CFO Leadership

The start of 2024 saw several high-profile accounting mistakes with companies having to publicly correct their quarterly earnings statements. While the specific causes of the errors were unclear, the incidents had many pointing the finger at a burgeoning risk factor: the shortage of certified public accountants.

article thumbnail

Finance vs. Accounting

CFO Simplified

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.

article thumbnail

From Controller to CFO: What Changes?

CFO Talks

Think of a Controller as the head of getting day-to-day money matters right, like making sure every penny is accounted for and reports are spot-on. It’s about making plans for the company’s financial future and finding ways to make the business better. The CFO, however, looks at the bigger picture.

CFO 52
article thumbnail

When Should You Hire a Part-Time Bookkeeper?

CFO Share

As a business grows, so do its financial intricacies. It’s common for many small business owners and finance directors to handle accounts receivable, accounts payable, and other financial tasks themselves in the early days. However, as the business scales, this can become overwhelming.

article thumbnail

3 Ways to Improve Your Company’s Financial Management Right Now

Beacon CFO Plus

Adopting a proactive approach to cost control can enhance financial stability and improve overall profitability. Focus on optimizing cash flow by implementing effective invoicing and collection processes. Invest in financial technology (fintech) solutions. Enhance cash flow management.