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Expect SG&A budget cuts in 2020 says Gartner

Future CFO

A Gartner survey of 317 CFOs and finance leaders on March 30, 2020, revealed that due to COVID-19 62% of respondents are planning some cuts to selling, general and administrative (SG&A) budgets in their organizations in 2020. Figure 1: Which SG&A functions will likely have their budget cut by more than 10% in 2020?

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How CFOs can stay attuned to evolving market trends

Future CFO

Navigating financial instability Ongoing discussions of inflation and budget cuts echo across global organisations. This results in CFOs re-emphasising fundamental financial practices. The year 2024 sees a strategic focus on robust cost management, cash flow optimisation, and liquidity planning.

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From Necessary Evil to Mission Fuel: The Strategic Role of Nonprofit Financial Statements

The Charity CFO

This information is crucial for financial planning, budgeting, and identifying potential areas of revenue growth. Evaluating Expenses : Evaluate the expenses incurred by the nonprofit, such as program expenses, administrative costs, fundraising expenses, etc. cash, investments, receivables) and liabilities (e.g.,

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What to look for in nonprofit accounting financial statements

The Charity CFO

Nonprofits use financial statements to comply with IRS regulations, build trust with donors, and plan for the future. Functional classifications include program costs, management and general costs, and fundraising costs. It’s important that they are accurate and are properly interpreted for use in future planning.

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Podchats for FutureCFO: Action items to accelerate finance transformation

Future CFO

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. Why is artificial intelligence important to the CFO and the finance team? Sanjay Patil.

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Inflation, tight labour market push firms to increase pay rises in Asia Pacific

Future CFO

Conducted between October and November 2021, the survey found that two in five respondents (42%) are planning to increase pay rises this year. A quarter of the respondents (25%) have changed and increased their expected salary increase budgets for 2022 from the original projections made in July last year. Survey highlights.

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A Day in the Life: Juvanus Tjandra from KPMG in Singapore

Future CFO

To catalyse these plans, they will need to collaborate with other business units to ensure that the company’s investment strategies are closely aligned with the firm’s financial plans. FutureCFO: What excites you the most when you work with CFOs and finance functions?

Finance 52