The Finance Weekly

JANUARY 22, 2024

Joe Berchtold, the President and CFO of Live Nation Entertainment, earned an impressive $52.4 million in 2023, making him the ,, highest-paid CFO in the United States. Aspiring individuals may wonder how they can achieve similar heights and earn big as a CFO. Manage cash flow and plan for financial needs.

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CFO Plans

MAY 2, 2024

When it comes to revolutionizing your financial management, finding the right accounting partner is a critical decision. With numerous options available, how can a CFO navigate this complex landscape and find the perfect match? Look for an accounting partner that values open communication, responsiveness, and proactive problem-solving.

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Michigan CFO

JUNE 7, 2023

In today’s ever-evolving business landscape, the role of the Chief Financial Officer (CFO) has become crucial for effective financial management and decision-making. However, not all businesses have the resources or the need for a full-time, in-house CFO. This is where virtual CFOs come into play.

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The Finance Weekly

APRIL 1, 2023

However, amidst this uncertainty, the need for qualified CFOs remains as crucial as ever. CFO Pros on the Move March 2023 Steve Nave | Funko Funko, the pop-culture toy company, has named , Steve Nave as its CFO and COO. Burke takes over from Brian Cooper, who assumed the CFO role in 2021. She is also a U.S. Army veteran.

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The Charity CFO

APRIL 26, 2024

How Do You Approach Financial Reporting for Nonprofits? Accurate financial reporting is essential to a nonprofit’s success. Having accurate reports helps promote transparency, showing your commitment to ethical conduct and integrity. How Do You Ensure Transparency and Clear Communications With Clients?

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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? Oversee cash flow and strategize for financial requirements.

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CFO Talks

MARCH 19, 2024

Change Management: The Modern CFO’s Blueprint The role of a Chief Financial Officer (CFO) goes way beyond just looking after the company’s money. Developing the Finance Agenda Once strategic priorities are identified, the CFO distills these insights into a clear, concise list of goals.

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CFO Talks

JUNE 7, 2022

Due to this unique position, we need to ensure that the Finance Executive that earns our acclaimed CFO(SA) designation , is ready for the future of finance. In developing the CFO(SA) designation, we identified 34 competencies and four pillars that the Modern CFO needs to fulfill to excel in their leadership position.

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The Charity CFO

APRIL 2, 2024

They’ll know how to approach common financial issues for nonprofits, such as limited budgets or restricted funds. Accurate and Timely Reporting Most nonprofit leaders have been there: you can’t make a crucial decision until a certain financial report comes in, but you’re never sure when the data will be available.

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CFO Talks

MARCH 13, 2024

Assuming the position of Chief Financial Officer (CFO) in a new company is a pivotal moment in any finance executive’s career. The role has evolved significantly over the years , transitioning from a focus on financial controls and Wall Street management to a more dynamic and multifaceted position.

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CFO Talks

FEBRUARY 9, 2024

Let’s delve into how CFOs can spearhead this transformation and lead their teams to new heights of success. Historically, CFOs have been primarily responsible for financial reporting, budgeting, and compliance. Furthermore, CFOs can leverage technology to facilitate cross-functional collaboration.

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CFO Share

JULY 27, 2023

AI-powered software can extract data from ERPs or accounting software, and automatically generate financial reports, including balance sheets, income statements, cash flow statements, and management discussion and analysis. Part-time CFO services can help your business take the best decisions based on the outputs given by AI.

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CFO Simplified

MAY 22, 2022

The rise of fractional CFOs is one possibility. A fractional, or part-time CFO, is a great option for businesses that don’t have an individual on staff who is qualified to serve in a CFO role or for businesses that don’t have the financial strength to hire an in-house CFO. What is a Fractional CFO?

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Boston Startup CFO

FEBRUARY 1, 2023

Here are the top signs that your startup may need a fractional CFO. A fractional CFO can provide significant value to the process by: Developing a financial plan : A financial plan is a key component of any fundraising effort. If at are favorable to you.

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Bramasol

SEPTEMBER 29, 2023

Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too.

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The Charity CFO

MARCH 6, 2024

Red Flag #2: Lack of Financial Reports Speaking of infrequencies, the lack of financial reports can indicate another red flag. As a leader of an organization, if financial reporting is inconsistent or difficult to obtain, then it’s likely there are some issues with the accounting. Get the free guide!

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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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Planful

MARCH 18, 2019

The FP&A team is numbers-oriented, but also requires a great deal of communication skills. The financial reporting manager must be able to clearly explain specific financial concepts at a high level for busy executives. FP&A teams can do so by leveraging these four essential types of financial reports techniques.

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Future CFO

JUNE 10, 2020

The role includes leading, directing and managing the finance team, advising on business and financial planning, providing strategic recommendations to the chief executive officer and the executive management team, and of course, managing the processes for financial forecasting and budgets, and overseeing the preparation of all financial reporting.

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CFO News Room

DECEMBER 16, 2022

Chief Financial Officer. As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management.

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The Charity CFO

APRIL 22, 2024

You can do this by promoting open communication and transparency throughout your nonprofit. In addition to communication, you can help reduce burnout by prioritizing employee wellness and mental health. Do You Struggle to Make Sense of Your Financial Statements? Our team knows the stress nonprofit employees have to face.

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Future CFO

FEBRUARY 26, 2024

The rigour of the IPO process requires the company to re-evaluate and refine its strategy and processes and helps it attain the high standard of financial reporting and corporate governance required of a listed company,” says Joshua Ong , managing partner & practice leader for capital markets & IPO at Baker Tilly Singapore.

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The Charity CFO

MARCH 22, 2024

Consider working with knowledgeable data and financial teams, such as The Charity CFO, to help create your data plan. You can use donor data to create communication and cultivation strategies that are more likely to hit the mark with donors. That’s where The Charity CFO comes in. Get the free guide!

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VCFO

JUNE 29, 2023

How Cracks in Nonprofit Finance & Compliance Creep In Nonprofit CEOs rely on their organization’s CFO to provide sound fiscal management, ensure full compliance, and be strategic partners. A CFO will evaluate financial performance, and bring attention to potential issues.

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CFO Strategic Partners

JULY 9, 2021

Financial reporting was inconsistent and unreliable, and without that data, it was impossible to see whether rapid-fire growth could be supported. Ownership turned to CFO Strategic Partners as their outsourced CFO to help right the ship and gain a strategic view on their company. The results speak for themselves.

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Future CFO

DECEMBER 21, 2020

The importance of creating long-term value as part of an organization’s purpose is hitting home with CFOs. According to the 2020 EY DNA of the CFO survey , 82% of respondents say that they are increasingly seen by key stakeholders as the stewards of long-term value. Still, a lot more can be done.

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E78 Partners

NOVEMBER 2, 2023

The role of a CFO in middle and lower middle market private equity-backed companies is challenging, especially when you may be the first CFO in the company’s history. Assess and Invest in Talent : A strong supporting finance and accounting team is one of your most significant assets as a CFO.

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The Finance Weekly

JANUARY 19, 2023

The CFO role traditionally has two high-level leadership archetypes: strategic and operational. An operational CFO optimizes performance by combining data from various departments with financial data. A strategic CFO focuses on creating long-term plans to achieve the company's goals. What is Operational Finance?

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Fpanda Club

SEPTEMBER 2, 2021

Management reporting involves a set of reports submitted to management that aims at supporting decision-making process and monitoring progress. Performance management is a range of practices which a company uses to measure its performance and communicate results. Turning to soft skills, it’s not so easy here.

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CFO Talks

FEBRUARY 18, 2024

When a company faces cash flow problems, the CFO is often tasked with reducing costs. Communicating cost reduction measures to stakeholders Effective communication is key when implementing cost reduction measures in a company. Transparent communication builds trust and maintain employee morale during challenging times.

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The Finance Weekly

FEBRUARY 8, 2023

The past month has seen a flurry of , CFO moves , indicating these executives' critical role in steering organizations toward stability and success. With this in mind, it's important for CFOs to stay ahead of the curve and adapt to , new trends and , challenges. Holscott previously served as CFO at Warner Media.

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The Charity CFO

APRIL 23, 2024

Tamela tells us as well that good communication with the board is essential due to the pressure of having to justify decisions. Confident and proactive communication with them can help ease the conversations of trying to justify every move that an Executive Director makes. Do You Struggle to Make Sense of Your Financial Statements?

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PYMNTS

OCTOBER 29, 2018

. “Part of the problem is that, in the past, functions have often pursued narrower goals, with people working in their silos, barriers emerging between departments and incompatible team cultures that can hinder understanding and communication.”

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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. You can make donors feel special by adding personalized messaging to donor communications. That’s where The Charity CFO can help! Do You Struggle to Make Sense of Your Financial Statements?

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The Charity CFO

JUNE 19, 2023

The second is the financial advisor role that we will refer to, which takes on more of an accounting services perspective. At the most basic level, they can help ensure your organization’s finances are in order and help resolve issues involving financial reports and compliance. Get the free guide!

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The Charity CFO

FEBRUARY 27, 2023

Tosha Anderson, CPA and CEO of The Charity CFO , discusses the do’s and don’ts of a treasurer in a recent episode of the “A Modern Nonprofit” Podcast. These tasks include organizing financial data into helpful reports to be presented to the other board members. Treasurers aren’t just numbers people.

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Adam Kae

AUGUST 25, 2023

As an experienced Fractional CFO, I've walked the path of financial management and learned that relinquishing control of your bookkeeping might just be one of the smartest decisions you can make for your small business. The Foundation of Success: Communication In any successful partnership, communication is key.

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