CFO Share

AUGUST 22, 2022

Should we expect more audits and fines? From 2012 to 2019 the IRS budget was reduced 14%, effectively halting investment in new technology and reducing headcount. This austerity, compounded with complex Covid tax relief measures, means the IRS is 6+ months behind in processing tax returns, audits, and even opening the mail.

Auditing 40

Auditing Restructuring Treasury Budgeting 40

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). By managing and planning finances, you can maximize the return of your activities. Good investment and funding opportunities may be lost.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

CFO Talks

MARCH 20, 2024

It’s about making plans for the company’s financial future and finding ways to make the business better. Example: When it’s time for an audit, the Controller is hands-on, working directly with the auditors, showing them the books, and explaining the details. Budgeting: The Controller gathers info and puts the budget together.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

Beacon CFO Plus

NOVEMBER 30, 2023

Define Roles and Responsibilities: The CFO typically focuses on financial strategy, planning, and management, while the accounting firm handles compliance, audits, and financial reporting. The CFO should work closely with the accounting firm to provide the necessary information for audits and reporting.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

Future CFO

DECEMBER 27, 2020

Businesses of all sizes rely on error-prone spreadsheets and manual processes for their planning. The result is undesired is that teams are often unable to deliver needed plans, budgets, forecasts, reports and value-added analysis when asked. The post Plan for anything, be ready for everything appeared first on FutureCFO.

Planning 52

Planning Value-Added Analysis Forecasting Budgeting 52

The Charity CFO

DECEMBER 7, 2023

Combing all experience and exposure to the industry, The Charity CFO has had the opportunity to work closely in: Accounting Financial Management Fundraising Grant Management Board Engagement Hiring/Firing Succession Planning Although their main focus is accounting, yes, they certainly stay busy in conversations outside of it as well.

Nonprofit 52

Nonprofit Auditing Budgeting CFO 52

CFO Thought Leader

APRIL 30, 2024

From his early days in auditing at PwC to his current role as CFO at Prophix, Aaron Levine has had a career that has closely tracked the evolving nature of the financial leadership role. We have a full-suite platform that really spans this elongated, close-to-planning process.

CFO 52

CFO Financial Planning and Analysis (FP&A) Leadership Auditing 52

Centage

NOVEMBER 21, 2023

Plan for seasonality in your cash flow forecasts Many businesses will see their cash ebb and flow during different points of the year. This information can be crucial in budget planning and forecasting for the upcoming year. Create a cash flow forecast that highlights the seasonality in your budget.

Cash Flow Forecasting 52

Cash Flow Forecasting Forecasting Budgeting Auditing 52

VCFO

FEBRUARY 15, 2023

Lee Ann’s depth and breadth of expertise includes board reporting, audit preparation, business plan development, market research and analysis, risk management, and capital requirements. She had complete ownership of financials, reporting, auditing, and compliance for all entities.

Auditing 52

Auditing CFO Risk Management Budgeting 52

Spreadym

MARCH 6, 2023

Such business processes as planning and budgeting require a company to have a clear process regulation in which departments that participate in the process and responsible persons are necessarily appointed, and the time frame in which information must be submitted, analyzed and aggregated is stipulated.

Budgeting 52

Budgeting Financial Analysis Auditing Planning 52

CFO Talks

DECEMBER 21, 2022

Gcwabe faces the task of restoring Wesgro to clean audits. The official tourism, trade and investment promotion agency for the Western Cape last achieved a clean audit in 2018/19. Wesgro’s audit results were discussed recently at a budget committee meeting of the Western Cape provincial parliament.

CFO 52

CFO Auditing Leadership Budgeting 52

Future CFO

DECEMBER 6, 2023

Utilising technological advancements in the face of a fast-changing world is definitely considered a smart move that requires careful financial planning. Planning for scalability costs is also important and a well-thought-out plan to expand the blockchain network allows better room for its increased usage and evolving demands.

Finance 52

Finance Auditing Education Budgeting 52

Future CFO

DECEMBER 17, 2023

Exceptions will trigger AI-driven, automated audits to ensure compliance. Technology and some budget flexibility will boost confidence The theme of 2023 is doing more with less, and that will continue to be the case as economic uncertainty carries over into 2024, said Tom Lavin, Chief Controlling Officer, Marketing and Solutions.

SAP 52

SAP Finance Budgeting Data Analysis 52

Future CFO

AUGUST 2, 2020

Excel remains the de facto standard for planning – users can quickly, cost-effectively and independently conduct budgeting, and forecasting. By automating important but frequent planning processes, you can react faster and work out fast and accurate budgets & forecast in times of uncertainty.

Planning 40

Planning Reconciliations Budgeting Auditing 40

The Charity CFO

MAY 31, 2022

You can see how much revenue comes into an organization and how they spend that money by looking at the Statement of Activities (also called the Income Statement) or an updated Budget report (also referred to as the Budget vs. Actual report). In most cases, these include an annual audit and federal tax return.

Nonprofit 98

Nonprofit Finance Auditing Accounts Payable 98

CFO News Room

DECEMBER 16, 2022

The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. Financial managers are responsible for developing long-term financial plans, directing investment activities, and generating financial reports for their company.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

Fpanda Club

SEPTEMBER 2, 2021

This relates to FP&A which stands for financial planning and analysis. Typical FP&A activities and responsibilities Financial planning and analysis is one of the pillars of the modern finance function. Planning relates to determining the company’s short-term (1-year) and long-term (3-5 years) objectives.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

Lime Light

OCTOBER 20, 2022

Organizations that are using NetSuite, however, can often find themselves resorting to manual and tedious methods when it comes to financial planning, forecasting revenue, and analyzing financial data. Here are a few common issues: Versioning issues : “Opex Budget Template Version 7 final”. Does that sound familiar?

Budgeting 52

Budgeting Analyzing Data Auditing Financial Data 52

The Finance Weekly

APRIL 21, 2024

They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. Facilitate risk management, audits, and research. Spot investment and financial planning prospects. Collaborate with executives and department heads on budget development and oversight.

CFO 52

CFO Budgeting Auditing Accounting Principles 52

Centage

FEBRUARY 2, 2023

Businesses talk a lot about budgets, revenue projections, and actuals. However, one of the most important planning tools for a business of any size is cash flow forecasting – and it’s especially important in times of uncertainty. That’s why businesses need to know how to forecast cash flow as much as any other planning you do.

Cash Flow Forecasting 98

Cash Flow Forecasting Forecasting Financial Planning and Analysis (FP&A) Budgeting 98

Planful

MARCH 14, 2017

If the latter is the case, watch the replay of a recent webinar titled “5 Best Practices for a Less Painful Budgeting Process.” The webinar included a review of the challenges organizations face in budgeting and planning and a review of the 5 best practices for a less painful budgeting and planning process from Peter Emerling of RSM.

Budgeting 40

Budgeting Management Consulting Forecasting Auditing 40

Planful

JULY 27, 2016

Are you wondering how best to make the business case to your company for investing in a cloud-based planning or reporting solution? Reducing Reliance on Spreadsheets for Budgeting, Planning, and Reporting. Lack of security sending budgeting spreadsheets via email. Lack of controls and audit trails.

Financial Planning and Analysis (FP&A) 40

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

The Charity CFO

APRIL 13, 2023

In order to successfully manage the financial health of your nonprofit organization, here are 7 key concepts you should understand: Compliance and Audit Requirements Compliance is the act of ensuring the public that nonprofits are abiding by the rules that allow them to take advantage of tax exempt status and other financial incentives.

Nonprofit 52

Nonprofit Compliance Accounting Standards Budgeting 52

The Charity CFO

AUGUST 15, 2023

One key differentiator is that what is recorded following GAAP is what will show up on the audit and may not show up on the IRS tax form, Federal Form 990. Budgeting and Planning Budgeting and planning are two essential aspects of a nonprofit accounting system. Audits Nonprofits are not exempt from audits.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

Future CFO

DECEMBER 31, 2019

As organisations continue to collect customer and employee data, chief audit executives (CAEs) are increasingly concerned about how to govern and protect it, noted Gartner. More than half of organisations, however, lack a formal data governance framework and a dedicated budget.

Auditing 52

Auditing Risk Management Budgeting Compliance 52

VCFO

AUGUST 25, 2022

Implementing basic protective measures and content filters to protect the organization from bad actors was then a relatively minor check-the-box exercise funded in one’s operational budget. Planning and Prioritizing IT Security Improvement. From there, a plan can be developed to incorporate the needed measures sensibly.

Securities 79

Securities Prioritization Education Budgeting 79

Planful

APRIL 20, 2017

For many organizations, staff compensation is the largest part of the expense budget. And getting CAPEX planning right can have a big impact on depreciation expenses and cash flow. Planning for these expense categories requires a great level of detailed and sensitive information. Let’s take workforce planning as an example.

Planning 40

Planning Budgeting Forecasting Auditing 40

CFO Share

OCTOBER 13, 2023

Financial health, a critical aspect for any business, can be dissected into four key components to provide a comprehensive view: Liquidity Solvency Operational Efficiency Financial Planning and Growth Potential Each of these components offers distinct insights into the financial stability and potential of a company.

Cash Flow Forecasting 52

Cash Flow Forecasting Profit and Loss Forecasting Startups 52

Future CFO

MAY 2, 2024

The third annual 2024 ESG Practitioner Survey polled more than 2,000 people involved in corporate reporting, including finance and accounting, sustainability, risk, and internal audit professionals across North America, Europe, and Asia. “The

Compliance 52

Compliance Auditing Budgeting Leverage 52

Planful

MARCH 16, 2017

Bringing the Budget in Line with Other Processes. What does your current budgeting process look like now? You can’t create a budget without drawing information from several sources. Cloud-based EPM budgeting software collects and stores all of this data in one place. A Model Modeling Process. Analytics Can Be Easy.

Planning 40

Planning Budgeting Auditing Manufacturing 40

PYMNTS

MAY 28, 2019

financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over the dominance of the Big Four auditing firms. The watchdog also said it will hire more staff, and increase its budget. KPMG , PwC , Deloitte and EY head the U.K.

Auditing 40

Auditing Construction Leadership Budgeting 40

CFO Talks

OCTOBER 26, 2022

Before joining the Western Cape Liquor Authority, he was the Financial Manager of the Saldanha Bay Municipality and an Assistant Audit Manager at the Auditor-General of South Africa. Are you involved with the strategic thinking and planning of the Authority and are you working closely with the executive leadership?

CFO 98

CFO Auditing Leadership Budgeting 98

Future CFO

AUGUST 23, 2022

A CFO can drive sustainability agenda in these four key areas: Sustainable Financing – incorporating “sustainability’ metrics into fundraising, budgeting, sustainable procurement and risk reporting which is incorporating ESG metrics into risk management,” said Lim. I understand that STT GDC is planning to roll out a new data centre in Seoul.

CFO 98

CFO Auditing Finance Treasury 98

The Charity CFO

SEPTEMBER 22, 2022

Diversifying sources of income makes it easier to hit budgeting goals, build up reserves, and ensure flexibility in good and bad economic times. . Individual donations are a vital part of the funding for small and large nonprofits, but it is particularly essential for those with operating budgets under $500,000.

Nonprofit 98

Nonprofit Budgeting Auditing CFO 98

The Charity CFO

NOVEMBER 10, 2022

As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit. This mitigates penalties, late filings, audits, and fraud (all too common in the nonprofit sector). Prepare for and manage an annual audit. Boosts donor confidence.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

The Finance Weekly

JUNE 22, 2022

With a recession looming, many Fractional CFOs (FCFOs) are worried that they will lose their customers due to budget cuts. To top it all off, the current market downturn and continued inflation is putting additional strains on companies’ forecasting and planning efforts. Companies are realizing that they need to plan for the future.

Financial Planning and Analysis (FP&A) 105

Financial Planning and Analysis (FP&A) Marketing CFO Startups 105

Collectiv

JULY 17, 2023

President and CFO Brian Lewis was involved in an initiative to develop new audit automation software. While auditors are comfortable interpreting output in this layout, it doesn’t tell a compelling data story to stakeholders like audit committees, senior management, and outside parties. Excel is limited.

Auditing 52

Auditing Communication Leverage Budgeting 52