VCFO

APRIL 21, 2022

vcfo is delighted to announce that Gary Golden has joined the vcfo Dallas team as a Consulting CFO. Prior to joining vcfo, Gary’s career includes Controller, Auditor, CFO, and Senior Vice President positions for organizations like Kinko’s and Blockbuster. About vcfo. At vcfo, our mission is always to make your company stronger.

CFO 52

CFO Strategic Planning Auditing Leadership 52

CFO Share

APRIL 2, 2024

You may find yourself at a crossroads: should you hire an in-house finance manager or an outsourced Chief Financial Officer (CFO)? What are Outsourced CFOs? CFO outsourcing can cover all tasks an in-house CFO, Finance Director, Controller and accounting team might perform for a small business. In-house Finance Mgr.

CFO 52

CFO Finance Cost Analysis Forecasting 52

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.

Manufacturing 52

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?

Finance 95

Finance Accounting Auditing IFRS 95

Michigan CFO

NOVEMBER 26, 2021

Did you know the average base salary for a Chief Financial Officer (CFO) is $397,448 ? With a fractional CFO, you can reap the benefits of a full-time CFO at a significantly reduced rate while still being able to get the same level of financial leadership and insights. In today’s article, we’ll cover: What is a fractional CFO?

CFO 52

CFO Leadership Auditing Compliance 52

VCFO

FEBRUARY 15, 2023

Lee Ann James has joined the vcfo, serving the greater Houston, Texas area as a Consulting CFO. Lee Ann is an accomplished consulting CFO with more than 20 years of experience. More recently, she served as CFO at Seves USA, where she saved the company over $7.5M

Auditing 52

Auditing CFO Risk Management Budgeting 52

VCFO

JANUARY 18, 2024

Another important element of dialogue can come via audits. While some may shudder at the thought of audits, an audit team can actually be a helpful sounding board for business decisions related to deferred revenue. Audits can discover previously unseen issues and instill confidence in the company’s strategy.

Auditing 81

Auditing Leadership Construction Invoicing 81

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.

CFO 52

CFO Communication Auditing Finance 52

ProCFO Partners

OCTOBER 28, 2021

Your CFO is meanwhile thought to protect the firm’s assets, managing financial functions and reporting. Here’s where your CFO and their unique skill sets come into focus. Yet, your CFO should have an attitude of asking how can I help improve the bottom line? Your CFO should be aware of the new approaches to familiar issues.

CFO 52

CFO Healthcare Budgeting Auditing 52

Future CFO

DECEMBER 5, 2022

While it is common to find a chief finance officer (CFO) helming a large or multinational organisation, the costs associated with having one in-house can be a hurdle for smaller organisations. According to payscale , the average base salary of a CFO in Hong Kong is HK$1,351,820 per year. Hiring a CFO when money is the problem.

CFO 98

CFO Profit and Loss Cash Flow Forecasting Leadership 98

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. But a bookkeeper, accountant, or controller is not a CFO. This guide will explain everything you need to know about CFO services.

CFO 40

CFO Forecasting Accounting Planning 40

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?

Finance 52

Finance Accounting Auditing IFRS 52

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.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

Future CFO

FEBRUARY 16, 2021

With growth forecasts of about +5.4%, we are expecting cautious optimism and investments to move forward. IDC forecasts that over 65% of the APAC GDP to be digitalized and spending to hit US$ 1.2 million sqm of space forecast for 2021. So why should the CFO care about the data centre investments of the company?

CFO 52

CFO Forecasting Compliance Auditing 52

Future CFO

MAY 31, 2023

S&P forecasts that Asia-Pacific will achieve real growth of 3.5% With reporting regulations continuing to evolve, and market certainty remaining unpredictable in 2023, how should the CFO, finance leaders and, indeed the entire, finance department work to ensure the team is able to meet expectations? will likely face recession.

Finance 98

Finance General Ledger Prioritization Auditing 98

Future CFO

JANUARY 26, 2024

7) Cash flow forecasting: Informed financial decisions Accurate cash flow forecasting is essential for effective financial management. AI can provide precise cash flow forecasts by analysing historical payment data and supplier behaviour.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Accounting Invoicing 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.

CFO 52

CFO Leadership Finance Problem Solving 52

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.” It evolves with stage.

CFO 52

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

Generation CFO

FEBRUARY 4, 2022

Josh, former auditor at the National Audit Office and former management finance professional at environmental leadership group C40, is big on change – but not the sudden, dramatic kind. . We’ve successfully implemented a new reporting, budgeting & forecasting tool and are now looking at the next systems change.” . Contact Us.

Financial Systems 233

Financial Systems Finance Auditing Leadership 233

CFO Simplified

DECEMBER 12, 2021

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. Sometimes the differences are misunderstood because the CFO works with both the Accounting and Finance departments. Growth planning .

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

The Finance Weekly

JUNE 22, 2022

Even before the pandemic, business was booming for FCFOs, as between 2019-2020 there was a , 27% increase in CFO resignations creating a CFO talent shortage that has only , gotten worse in 2020 and 2021. This is where Fractional CFOs come into play.

Financial Planning and Analysis (FP&A) 105

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

Future CFO

MAY 5, 2024

Risks in AI ACCA says among the risks of AI in accounting systems include: Impacting decision making without clearly explaining the rationale of the forecast or recommendation An over-dependence on AI procedures in auditing and assurance and a decline in use of human intervention and judgment Concern over AI bias or error in fraud detection, risk assessment (..)

Risk Management 52

Risk Management Leadership Auditing Finance 52

Future CFO

APRIL 29, 2024

To thrive into the future, and to help shape a better world, finance professionals will still need their traditional finance skills, the ones that will have stood you in good stead in your career so far, including the ability to interpret an accounting record or produce a cashflow forecast.

Auditing 52

Auditing Finance Forecasting Accounting 52

Fpanda Club

SEPTEMBER 2, 2021

The list of typical FP&A activities usually includes planning, budgeting, forecasting, analysis, management reporting and performance management. Forecasting is the practice of making regular predictions about the company’s expected future results based on the past and present data as well as on the anticipated future events.

Financial Planning and Analysis (FP&A) 130

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

CFO Share

OCTOBER 13, 2023

These components aren’t just indicators of present stability—they forecast future success. Key takeaways for business leaders include: Maintaining an emergency fund for unforeseen expenses Timely collection of accounts receivable Monitoring inventory and purchasing vs. forecasts to avoid overstocking.

Cash Flow Forecasting 52

Cash Flow Forecasting Profit and Loss Forecasting Startups 52

Planful

MAY 4, 2017

In this article, we discuss how to craft the new CFO 90 day plan with a CFO development plan, CFO advice, CFO required skills all focused on how to be a successful CFO. If you are a new CFO looking for advice on a successful first 90 days, read on. CFO Tips: Gaining Confidence in the Financials.

CFO 40

CFO Planning Forecasting Budgeting 40

The CFO College

AUGUST 31, 2021

Using a rolling cash forecast is a value-add service you can provide to assist in cash forecasting. A rolling cash forecast will normally look forward 6 or 9 months, and each month the oldest month is removed and a new month added. The rolling cash forecast is one of many CFO-level skills we teach in our program.

Startups 81

Startups Accounting General Ledger Forecasting 81

The Charity CFO

JANUARY 30, 2024

It could also help make long-term nonprofit financial forecasting easier for your accounting team. This includes carefully analyzing: Financial audits Legal reviews Comprehensive analysis of benefits versus risks Additionally, it’s important that you–as a nonprofit leader–involve the organization’s stakeholders in the decision-making process.

Nonprofit 52

Nonprofit CFO Auditing Advertising 52

Planful

DECEMBER 16, 2015

And this has an impact on the CFO’s role in relation to the board. The CFO Leadership Council’s NYC chapter held a panel discussion on this topic titled “Inside and Outside the Boardroom: Managing and Working with Boards.” Boards also need experts in various aspects of board work, such as audit committees.

CFO 40

CFO Auditing Communication Risk Management 40

KG Virtual CFO

NOVEMBER 8, 2021

Schedule a consultation with the Chief Executive of KG Virtual CFO, Katishia Gallishaw, to discuss how we can help you grow your business. How To Move Forward Now that you’ve learned the differences between a bookkeeper and an accountant, you can decide on whether you’re ready to work with them. Schedule A Consultation.

Accounting 52

Accounting Auditing Invoicing CFO 52

CFO News Room

DECEMBER 16, 2022

Adobe maintained its forecast for the new fiscal year, while announcing a plan to buy hot startup Figma in the quarter. gained access to necessary audit documents. Darden Restaurants — Darden Restaurants dropped 4% despite delivering an earnings and revenue beat for its fiscal 2023 second quarter. exchanges rose Friday.

Technology 130

Technology Auditing Advertising Forecasting 130

CFO Leadership

OCTOBER 10, 2023

And research from Goldman Sachs forecasts that productivity improvements related to generative AI could deliver a 7% boost in global gross domestic product, while increasing productivity growth by 1.5% The post Preparing Your Finance Organization for the New Era of AI first appeared on CFO Leadership. over at least the next decade.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

Onplan

DECEMBER 16, 2021

We’ve worked closely with numerous startup SaaS teams, and a fair share of them don’t have a CFO or even a dedicated finance team. A good SaaS CFO builds good relationships with key stakeholders at a company. The work a great CFO does to tie this all together is financial planning and analysis.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Forecasting 52

Onplan

DECEMBER 16, 2021

We’ve worked closely with numerous startup SaaS teams, and a fair share of them don’t have a CFO or even a dedicated finance team. A good SaaS CFO builds good relationships with key stakeholders at a company. The work a great CFO does to tie this all together is financial planning and analysis.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Forecasting 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. Why is artificial intelligence important to the CFO and the finance team?

Finance 52

Finance CFO Compliance Auditing 52

Boston Startup CFO

OCTOBER 13, 2015

The accounting manager recommended that we audit our books, which seemed like a good idea, especially since we had been having conversations about getting acquired. We had been using my Excel forecasts for years, which were outdated and did not capture and reflect all aspects of the business. Attributes of a Great CFO.

CFO 52

CFO Tax Planning GAAP Budgeting 52

CFO Network

SEPTEMBER 15, 2021

Professionals that offer BPI services will work with your Chief Financial Officer (CFO) and any other pros that you have handling your finances. They will audit all of your processes and remove any areas of friction or inefficiency. It Can Help Keep Your Business in Compliance. Compliance is more important than ever.

Compliance 52

Compliance Auditing CFO Forecasting 52