CFO Share

NOVEMBER 21, 2023

In financial accounting , Cost of Goods Sold (COGS) is recorded as a debit because it reduces a company’s net income and is debited to reflect a decrease in retained earnings, an equity account. Optimizing Cost Management in Business Effective cost management is crucial for maintaining a healthy bottom line in any business.

Sales 52

Sales Cost Management Auditing Budgeting 52

E78 Partners

JUNE 2, 2023

Key Strategies for Effective Spend Management Below are proven strategies for CFOs to enhance spend management, complemented by our firsthand experiences of supporting businesses with these approaches. Before proceeding, we conducted a 6-month historical audit and uncovered $250,000 in billing errors from the supplier.

Auditing 52

Auditing Vendor Management Leverage Leadership 52

CFO Share

SEPTEMBER 29, 2023

Rising operating costs without a corresponding increase in revenue can erode profit margins, jeopardizing your business’s long-term viability. Just as you’d get a regular health check-up, your business requires routine financial audits to spot potential issues before they escalate. Focus on profitability.

Auditing 40

Auditing CFO Cost Management Leverage 40

CFO Network

SEPTEMBER 20, 2021

They use data provided by accountants and accounting software to advise businesses in areas including cost management, planning, analysis, accounting, controlling, productivity management, and more. An online CFO can also perform special financial functions like managing investor relations and performing audits.

CFO 59

CFO Auditing Cost Management Accounting 59

Future CFO

NOVEMBER 27, 2022

In an IBM Global C-Suite study , two-thirds of CFOs surveyed confirmed that their agenda includes taking an active role in developing strategy, driving growth, reducing costs, managing risks and providing insights. How effective is your finance function in supporting the following aspects of enterprise decision-making?

Finance 52

Finance CFO Compliance Auditing 52

Future CFO

DECEMBER 17, 2023

Managing costs and improving efficiency For chief financial officers, one of their concerns is the balancing act between cost management and payment efficiency improvement. Edward Metzger This, in itself, is a mechanism for optimising liquidity, Metzger says.

Forecasting 90

Forecasting Finance Treasury Cost Management 90

CFO Share

JUNE 21, 2021

There are many symptoms of fraud which can be easily confused with general business challenges like poor cost management. Keep in mind neither financial statement audits nor tax accounting are not designed to detect all forms of embezzlement. No internal audits. Is your bookkeeper so busy they can barely keep up?

Auditing 52

Auditing Risk Management Accounting Manufacturing 52