CFO Leadership

OCTOBER 18, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

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Finance Accounting Auditing IFRS 52

Future CFO

AUGUST 21, 2023

FutureCFO spoke to Robert E Parker , CFO for IBM Asia Pacific, for his perspective on how finance teams can and should take interest in the potential of AI, and arguably that waiting for the technology may not be in the best interests of the function and the company. Fraud and waste : Use Machine Learning (ML) to detect fraudulent patterns.

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Finance Compliance Data Analysis Leverage 98

Future CFO

OCTOBER 20, 2021

The CFO role requires certain traits and skills, said Woranat Dumrongsiri (pictured), Country CFO, Deloitte Thailand and Deloitte Laos during an interview with FutureCFO for the publication’s Female Leadership in Finance Series. Woranat Dumrongsiri, Country CFO, Deloitte Thailand and Deloitte Laos.

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CFO Leadership Finance Problem Solving 52

The Charity CFO

APRIL 1, 2024

Nonprofits are subject to a lot of legal and financial scrutiny. Your nonprofit accounting setup needs to be able to meet tax and legal regulation and reporting requirements so you stay in compliance and retain the public’s trust. QuickBooks provides an easy-to-use bookkeeping solution that puts all of your financial data in one place.

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Nonprofit Accounting CFO Accounts Payable 52

CFO News Room

DECEMBER 16, 2022

Chief Financial Officer. As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management.

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Finance Budgeting Compliance Financial Analyst 130

The Charity CFO

FEBRUARY 4, 2022

A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . The nonprofit bookkeeper is the front line in the battle for the accurate financial data you need to run your business, so let’s review the core responsibilities of a nonprofit bookkeeper. .

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Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

JULY 5, 2017

For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. The nature of financial reporting is to communicate facts aggregated using accounting rules. These facts can be audited back to the source.

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Financial Data Auditing Financial Reporting CFO 52

The Charity CFO

MAY 11, 2023

As regulations surrounding nonprofits can be incredibly complex, expert guidance on financial matters, including compliance with tax laws and regulations, is key. Properly evaluate each company and their credentials before letting go of your financial data. Do You Struggle to Make Sense of Your Financial Statements?

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Nonprofit Communication Auditing GAAP 52

Future CFO

NOVEMBER 27, 2022

Sanjay Patil , executive partner for finance and supply chain transformation at IBM Consulting , ASEAN, says the CFO role is evolving and is now aligned with the priorities of the CEO for the organisation including improved efficiencies and customer experience. You get this whole new level of streamlined accounting and compliance processes.

Finance 52

Finance CFO Compliance Auditing 52

The CFO College

AUGUST 31, 2021

The rolling cash forecast is one of many CFO-level skills we teach in our program. Tracking Financial Data -- Reporting, recording, and storing all financial data for a startup can be overwhelming, if not a total mess. And much more. Managing Taxes and Sales Tax -- Almost every business must file and pay taxes.

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Startups Accounting General Ledger Forecasting 81

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. Compliance Like traditional accounting positions, nonprofit accountants have to ensure compliance with tax laws and regulations. Audits Nonprofits are not exempt from audits.

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Nonprofit Accounting Profit and Loss Budgeting 52

Future CFO

DECEMBER 17, 2023

Exceptions will trigger AI-driven, automated audits to ensure compliance. Soon, we may be able to ask generative AI to prepare a full budget based on available data from multiple sources, freeing up finance’s time to focus on quality control and decision-making instead of the busy work that goes into budget preparation.”

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SAP Finance Budgeting Data Analysis 52

Fpanda Club

SEPTEMBER 2, 2021

Planning, budgeting and forecasting are linked together forming financial planning processes. Financial analysis is a type of economic analysis based on the financial data and focused on the assessment of stability and evaluation of profitability of a company, business or project.

Financial Planning and Analysis (FP&A) 130

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

Future CFO

NOVEMBER 15, 2023

Ervina Waty : Here are some key changes that CFOs might need to put in place: Enhanced Data Governance and Quality Control CFOs should implement stronger data governance practices to ensure the accuracy, consistency, and integrity of financial data.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leverage Communication Compliance 52

The Charity CFO

NOVEMBER 23, 2022

They should demonstrate an extensive understanding of accounting and finance regulations and best practices for financial management in a nonprofit setting. . A bachelor’s degree in accounting, finance, or other related fields prepares them to analyze financial data and advise the nonprofit on financial decisions.

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Nonprofit Finance Strategic Planning Budgeting 52

Planful

OCTOBER 19, 2021

The person in this role should provide the board the financial knowledge needed to set the company’s larger strategy. How well are we meeting our compliance requirements? These features underscore Planful’s commitment to the security of your data and minimization of risk. Lead the Way on Corporate Governance Issues.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) CFO Auditing Communication 40

CFO Talks

APRIL 29, 2022

‘ I had always been fascinated by the financial services sector’. Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants.

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CFO Finance Compliance Accounting 40

Future CFO

FEBRUARY 10, 2021

The lively discussion highlighted the rising value of data in the CFO organization, the humanization of the role, and how CFO teams are becoming business partners. Elizabeth Ng , the chief financial officer at Deloitte Singapore , agreed. The new role of finance and data. New priorities. And some of them are new.

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CFO Finance Auditing Treasury 52

CFO Leadership

MARCH 31, 2022

They need global structures, processes and policies that facilitate efficiency, visibility, control, security, and compliance. Improve security and compliance, while preventing fraud, and cyber risk. Cloud-based cash management solutions can help centralize, automate, and analyze global financial data, making cash visible again.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

Future CFO

DECEMBER 27, 2022

The 2022 EY Global Climate Risk Barometer examines the efforts of more than 1,500 businesses in 47 countries to publish information based on the 11 recommendations set by the Task Force on Climate-related Financial Disclosures (TCFD), which was established to improve and increase reporting of climate-related financial data.

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Strategic Planning Financial Data Planning Marketing 52

The Finance Weekly

APRIL 28, 2024

All from within Excel, Connect equips users to import live data from all ERP systems, effortlessly construct reports, and access all ERP data from your spreadsheets. Key Features Datarails Connect offers AI-powered financial data analysis within Excel, providing real-time insights and easing IT burdens.

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Financial Planning and Analysis (FP&A) Invoicing Budgeting Finance 52