The Finance Weekly

JUNE 21, 2022

This is especially true for CFOs who are planning to take their company public. At the , CFO Leadership Conference in Boston earlier this month, , Mike Ellis , who was named by the , Boston Business Journal CFO of the Year , offered an inside look into how a CFO prepares a company for an initial public offering and life as a public company.

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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

FEBRUARY 1, 2024

"It is absolutely critical businesses implement an accounting and reporting system for their ESG data that is as auditable, transparent, and reliable as their financial data accounting," Hasenoehrl says, "2024 is the year we have to start treating enterprise carbon data the same way we treat financial data."

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Finance SAP Auditing IFRS 52

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

At The Charity CFO, we’ve found four tech tools that have worked for several of our clients to improve their accounting systems. QuickBooks provides an easy-to-use bookkeeping solution that puts all of your financial data in one place. Fathom pulls data from QuickBooks and generates monthly financial reports and dashboards.

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Nonprofit Accounting CFO Accounts Payable 52

The Charity CFO

APRIL 2, 2024

In addition, you need to make sure your financial data is accurate and readily available for donors, board members, and other stakeholders. Your nonprofit accounting partner will help ensure your monthly financial statements and reports are delivered on time. Do You Struggle to Make Sense of Your Financial Statements?

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Nonprofit Accounting Accounting Firms CFO 52

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

Adam Kae

MAY 30, 2023

Reach out for your complimentary consultation today with CFO Adam. Seamlessly Track and Manage Expenses Expense management is a critical aspect of financial health for any business. By embracing financial automation, we gain access to real-time financial data, enabling us to make informed decisions swiftly.

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Marketing Invoicing CFO Reconciliations 52

CFO News

JULY 23, 2023

Top Indian companies are facing challenges due to the capital-markets regulator's new Environmental, social and governance (ESG) rules as they struggle to collate non-financial data dispersed across various internal systems, evaluate the impact of disclosing private data on sensitive governance issues, and start dealing with the complexity of capturing (..)

Auditing 52

Auditing Financial Data Marketing 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

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

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

The Charity CFO

MAY 11, 2023

Properly evaluate each company and their credentials before letting go of your financial data. Security Concerns The financial data of an organization is incredibly sensitive. If you’ve decided the outsourced bookkeeping is right for your organization, get in contact with us and see how Charity CFO can help !

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Nonprofit Communication Auditing GAAP 52

The Charity CFO

JULY 13, 2022

Rather than evaluating nonprofits and issuing a rating, GuideStar’s mission is to make complete and accurate financial data on nonprofits as available as possible. They’ve done such a great job of accumulating financial data on nonprofits that Charity Navigator has partnered with them to share information.

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Nonprofit CFO Accounting Strategic Planning 98

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. Sanjay Patil : Data is critical for the application and deployment of AI.

Finance 52

Finance CFO Compliance Auditing 52

Future CFO

DECEMBER 20, 2023

The most commonly identified in Singapore, and globally, is training AI models to understand and interpret complex financial data accurately (41%). Trusting the outputs of AI (34%) and ensuring robust governance frameworks to stop the potential misuse of AI (34%), were also key concerns.

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Auditing Financial Data Accounting Technology 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. Audits Nonprofits are not exempt from audits. In fact, many states require audits for larger organizations. That said, this is not the only option!

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Nonprofit Accounting Profit and Loss Budgeting 52

Future CFO

OCTOBER 25, 2023

In addition, machine learning tools can audit large amounts of financial data and identify malicious activity that may be indicative of money laundering. The advancement can also make use of tools that can monitor biometrics, typing patterns, typo errors which can lead to fraud alerts.

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Leverage Auditing Finance Financial Data 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.

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

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

CFO Share

DECEMBER 13, 2023

We understand the importance of precise financial data. CFOshare’s team approach includes supervision and internal audits to reduce fraud risk. Accurate bookkeeping isn’t just a necessity—it’s the backbone of strategic decision-making. Relying on luck is not an option. Install checks-and-balances.

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Auditing Communication Leverage Accounting 52

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

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

Future CFO

DECEMBER 17, 2023

Exceptions will trigger AI-driven, automated audits to ensure compliance. Predictive analytics for spend management will emerge Organisations today have access to a multitude of financial data, but they lack the resources to make sense of it easily and rapidly, Tim Lebel, Vice President and Head of Spend Products observed.

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SAP Finance Budgeting Data Analysis 52

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

Planful

OCTOBER 19, 2021

The person in this role should provide the board the financial knowledge needed to set the company’s larger strategy. With our cloud-based FP&A platform, Planful has native data access controls such as role-based security and workflows, audit logs and trails, and point-and-click security setup.

Financial Planning and Analysis (FP&A) 40

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

Future CFO

FEBRUARY 18, 2021

At the launch of a recent report examining the effectiveness of financial fraud risk management, Julie Bell Lindsay - the Executive Director at the Center for Audit Quality — was quoted as saying that “the risk of financial statement fraud at public companies is real, and that risk has only increased during the pandemic.”.

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Risk Management Auditing CFO Accounting 52

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

Future CFO

JULY 7, 2021

Future CFO: How can finance function leaders become agile enough to adapt to the constantly changing finance ecosystem? LJ: As finance functions across the globe progress their transformation journeys from data stewardship to value creation and decision support, the need for the agile finance function has emerged.

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Financial Planning and Analysis (FP&A) Finance Auditing Accounting 52

Spreadym

AUGUST 10, 2023

What is financial reporting software? Financial reporting software refers to specialized tools or applications designed to help organizations generate, manage, and present their financial data in a clear and organized manner. Exporting and Sharing: The ability to export reports in various formats (PDF, Excel, etc.)

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Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

The Charity CFO

APRIL 5, 2022

Financial statement audit or review – if you are required to undergo a financial statement audit or assessment, using the accrual method to be in accordance with GAAP will make the process much smoother and less expensive. Do you need to undergo an audit? . Is Accrual Accounting a Requirement For You?

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Nonprofit Accounting GAAP Auditing 98

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

Centage

MAY 8, 2023

Your role is critical and complex as you know and understand the financial operations of your organization inside and out – and are ultimately responsible. You are a master of your companyʼsʼ financial data – and there is so much of it to manage. Plan to work with them early in your board presentation development stage.

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Nonprofit Budgeting CFO Finance 98

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user.

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Securities Cash Flow Forecasting Budgeting Forecasting 98

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.

Financial Planning and Analysis (FP&A) 52

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

Future CFO

FEBRUARY 22, 2024

Chee Kien Loh These challenges create three major issues that every CFO is familiar with. First are fragmented data islands. One major benefit is that EPM can act as a central hub, consolidating financial and non-financial data from diverse sources into a single source of truth.

Financial Planning and Analysis (FP&A) 97

Financial Planning and Analysis (FP&A) Finance Compliance SAP 97

Future CFO

APRIL 12, 2023

Delivering products even Accenture's The Cloud First CFO Study – 2022 edition reveals that in a survey of 740 finance leaders across 15 industries and 11 countries, 39% say the CFO now leads the cloud journey for the whole enterprise. A high-performance platform needs to be supported by a high-performance device.

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