VCFO

MAY 30, 2022

Joining vcfo’s Houston market as a Consulting CFO is Jose Perez-Bello. Jose is a senior finance professional with more than 30 years of experience in financial management roles in manufacturing and international energy ventures. Jose is fluent in both English and Spanish. About vcfo.

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CFO Auditing Leadership Financial Modeling 52

Future CFO

JUNE 15, 2021

While 62% of organisations expect external audit fees to rise this year, they could combat this by automating their internal controls, said Gartner recently when releasing results of a survey of 166 publicly traded and privately held external audit firm clients across industries in March-April of 2021.

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Auditing Financial Reporting Finance Investments 52

The Finance Weekly

APRIL 21, 2024

What could go wrong if your Chief Financial Officer (CFO) is not effective in their job? They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. What CFOs are Capable of Doing? Facilitate risk management, audits, and research.

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Michigan CFO

SEPTEMBER 29, 2021

In the world of manufacturing, where processes run thick and bottlenecks are known to arise, CFO services play a critical role in helping organizations steer towards efficiency, profitability, and longevity. The Evolving CFO Role in a Manufacturing Company. Using CFO Services to Overcome Challenges in Manufacturing.

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Manufacturing CFO Compliance Forecasting 52

CFO Leadership

OCTOBER 10, 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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Future CFO

AUGUST 23, 2022

Just as important, how can CFOs help address sustainability objectives as part of their overall ESG initiatives? Nelson Lim , group CFO of ST Telemedia Global Data Centres (STT GDC) , spoke to FutureCFO to elaborate on how STT GDC is addressing calls for greater emphasis on sustainability in the drive for growth. Nelson Lim.

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The Charity CFO

MAY 31, 2022

Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. But if you bring zero experience in accounting or financial management to your organization, that’s okay. In most cases, these include an annual audit and federal tax return.

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CFO Talks

MARCH 14, 2024

Beyond the Basics: 7 Key Focus Areas for New CFOs 1. Introduction to the Evolving Role of the CFO In our previous discussion, we outlined the critical first steps a newly appointed CFO should take to establish a solid foundation within their organization. Delegation and Empowerment: No CFO can do it all alone.

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Michigan CFO

JULY 8, 2022

None of these roles could be more important than the chief financial officer (CFO). CFO services are vital to any business’s growth. This article will explain what a CFO does. Many of these services a business owner tries to handle themselves or tries to lean on whatever financial officers are closest to hand.

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CFO Forecasting Accounting Planning 40

CFO News Room

DECEMBER 16, 2022

After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. Chief Financial Officer. As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. Investment Banker.

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Finance Budgeting Compliance Financial Analyst 130

CFO Share

SEPTEMBER 14, 2023

Inaccurate bookkeeping can lead to a distorted view of a business’s financial health. Such misrepresentations might result in unintended overspending, undetected losses, or missed opportunities for investment and growth. Embracing modern tools and expert assistance paves the way for financial record accuracy and success.

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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

MAY 5, 2024

CFOS can do this by taking steps in their organisations to manage the associated risks with AI, as it plays a greater role in the accounting and financial reporting of businesses. Financial leaders and controllers will have to be confident about the adequacy of oversight and controls of AI systems.

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BlueLight

JULY 30, 2020

The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting. The CFO suite doesn’t want to be the “department of No.”

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CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

The Charity CFO

FEBRUARY 27, 2024

It’s easy to audit a nonprofit budget to check for potential errors and reduce the possibility of fraud. At The Charity CFO, we like to do the latter because we feel it leaves you with a more realistic budget base. Taking the time to set up your tracking correctly will aid in the long-term financial success of your organization.

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The Charity CFO

JANUARY 25, 2022

” It is one of the essential financial statements that nonprofit founders need to know how to read. And it’s a requirement for a nonprofit audit. Assets are anything of value your organization possesses or is entitled to, such as cash, pledged donations, property, equipment, investments, etc. Get the free guide!

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Nonprofit Auditing CFO Accounting 98

The Charity CFO

DECEMBER 8, 2022

Because accurate nonprofit accounting can help with reporting and auditing requirements, and ensure that the funds are being used in accordance with the grantor’s wishes. Grants may include: Investments relation to programs. Develop strong financial reporting procedures. Conduct regular audits. Scholarships.

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Accounting Nonprofit Auditing Compliance 52

The Charity CFO

JANUARY 11, 2023

Nonprofits rely on a mix of sources for their income, from fundraising, grants, and investments to earned income and individual contributions. This accounting principle outlines specific criteria that must be met before revenue can be recorded in financial statements. Undergo annual financial audits. Receive grants.

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The Charity CFO

APRIL 9, 2024

Today we have a financial professional & co-founder of Fairlight Advisors, Maya Tussing. Maya and her team specialize in investing for nonprofit organizations. Some boards can also see investment into capital markets as a scary thing, especially as a non-profit organization. Good morning from a Modern Nonprofit Podcast!

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The Charity CFO

APRIL 18, 2024

For instance, working with a nonprofit accountant, like The Charity CFO, can help you reduce your risk of financial non-compliance. Audit and adjust technology and data practices based on current cybersecurity best practices. That’s where The Charity CFO can help! Get the free guide!

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Future CFO

SEPTEMBER 7, 2022

The CFSO could be placed above today’s CFO and CSO functions to oversee the integration of finance and sustainability into business strategy, the study report says. The CFSO will require critical technical skills in sustainability reporting and target setting and integrating sustainability into corporate strategy, ISCA pointed out.

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Finance Auditing Corporate Finance Accounting 52

The Charity CFO

AUGUST 15, 2023

For accountants, this means the profit-generating strategies and investment ideas you bring to the table are still applicable and can make a massive impact. 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.

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Nonprofit Accounting Profit and Loss Budgeting 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 It is a necessity for demonstrating performance and value in a competitive landscape.

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The Charity CFO

DECEMBER 27, 2023

Common nonprofit income that could be excluded from UBIT includes: Dividends and Other Investment Income Interest Earnings Royalties Certain Rental Income Gains or Losses from the Disposition of Property Additionally, income generated using a majority volunteer labor force may qualify for an exception. Get the free guide!

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Nonprofit Profit and Loss CFO Communication 52

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. That includes investing in people and business processes that can help your AI initiative be successful.

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The Charity CFO

JUNE 19, 2023

Understanding the Role of a Nonprofit Financial Advisor Before we move further into the role of a nonprofit financial advisor, it’s important to note that there are two different routes the term can take. The first focuses more on investments. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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Nonprofit Communication CFO Auditing 52

CFO Simplified

APRIL 15, 2022

Bringing Value Through CFO Insights. The prototype company had made a major investment in metal 3D printing. For the company, this was a huge investment but their clients saw it as an instruction manual on how to produce the prototypes themselves. Financial Reporting and Accounting. Recommendation.

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Manufacturing General Ledger Budgeting CFO 52

The Charity CFO

JANUARY 5, 2023

Maintaining healthy financial management is critical for the organization’s sustainability, stability, and flexibility, now and in the future. Misuse of funds and poor investments. Poor financial reporting. Your organization has physical assets, including cash, investments, and other tangible property.

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Nonprofit GAAP Budgeting Auditing 52

The Charity CFO

JANUARY 26, 2023

NPOs should track all donations, grants, and investments made to their organization to make sure they are properly accounted for. Proper revenue recognition is a core accounting principle that ensures proper financial reporting, ensuring that you remain compliant and maintain donor confidence. Get the free guide!

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Nonprofit Accounting Principles Profit and Loss Auditing 52

Future CFO

JULY 24, 2022

For CFOs, applying ESG initiatives cuts two ways: what the company invests in, and who are those investing in the company. Investors are looking for opportunities that go beyond the financial return on investment. They want to know that what they are investing in will have consequential benefits to the environment.

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The Charity CFO

SEPTEMBER 14, 2022

Certain investment income. ?? If you’re tired of being the last priority of the financial professionals in your life, consider outsourcing your bookkeeping and accounting to The Charity CFO. We’ll modernize and optimize your accounting system to get you audit-ready financial reports every month.

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Nonprofit Profit and Loss Education CFO 98

The Charity CFO

MAY 11, 2023

A study by the Stanford Social Innovation Review found that nonprofits that invested in strong financial management practices, including bookkeeping, were more likely to achieve their mission and grow their organization. Strong financial management can come in many forms and there is no one size fits all for any nonprofit organization.

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https://trustedcfosolutions.com/feed/

SEPTEMBER 20, 2021

Imagine a world where financial reports are delivered in real-time without your direct involvement and you stop working late nights, weekends, and during your family vacations? As the CFO or Venture Capitalist of a Private Equity Fund, you may already have an ERP system in place. It’s a win-win for you and your clients.

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Technology CFO Accounting Auditing 52

Future CFO

MAY 1, 2024

As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of a finance controller is anything but ordinary. A controller is a pivotal role in the organisation which allows one to showcase both technical and soft skills,” Geronimo says.

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The Charity CFO

NOVEMBER 23, 2022

They are responsible for the financial health of the organization. They create and maintain financial records, prepare financial reports, and oversee the organization’s budget. They handle all payroll and accounting functions and manage investments and fundraising efforts. How to verify.

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Nonprofit Finance Strategic Planning Budgeting 52

The Charity CFO

JANUARY 21, 2022

Both Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) 116/117 require at least a minimum level of fund reporting, so you’ll need it in order to pass an audit. Permanently restricted are typically large donations that function as investment accounts or an endowment fund.

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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. “Companies still rely too much on Excel for reporting,” Born explained. These facts can be audited back to the source.

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