Remove Auditing Remove Invoicing Remove Risk Management Remove Strategic Planning
article thumbnail

From Controller to CFO: What Changes?

CFO Talks

It’s about making plans for the company’s financial future and finding ways to make the business better. Example: When it’s time for an audit, the Controller is hands-on, working directly with the auditors, showing them the books, and explaining the details. The post From Controller to CFO: What Changes?

CFO 52
article thumbnail

Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

This includes managing invoices, receipts, and payments, as well as reconciling bank statements. If you lack knowledge in accounting principles, you open yourself up to many potential risks, including inaccurate financial statements which can hinder your ability to make informed decisions.

article thumbnail

Finance vs. Accounting

CFO Simplified

Accounting teams are responsible for: Invoicing. Recording and paying accounts payable invoices. Within accounting teams, there are accounting managers and accountants. . Overseeing risk management. Invoicing and collections. Preparation for annual audits. Finance is strategic, accounting is tactical.