CFO Share

NOVEMBER 21, 2023

In the world of business finance, the terms “Cost of Sales” (COS) and “Cost of Goods Sold” (COGS) are often confused. Though they may sound similar, understanding their distinct meanings is beneficial for any business owner or manager. What is Cost of Sales?

Sales 52

Sales Cost Management Auditing Budgeting 52

CFO Share

DECEMBER 2, 2022

Capacity reduction is a prudent form of cost management and brings immediate cash savings. Cost management can be self-defeating when expense reductions create quality issues like long wait times, lower product quality, or slower processing. When should I reduce operating costs? Avoid the Downward Spiral.

Restructuring 52

Restructuring Cost Management Forecasting CFO 52

CFO Share

SEPTEMBER 29, 2023

Work with your CFO on capital planning to ensure you do not become over-leveraged. Declining sales over multiple periods signal a potential decrease in market demand or competitive strength. Coordinate with your sales and marketing teams to turn trends back towards growth.

Auditing 40

Auditing CFO Cost Management Leverage 40

Future CFO

DECEMBER 9, 2019

Are you one of the personally effective CFOs? According to Gartner, only 22% of CFOs achieve a high degree of personal effectiveness. The most important relationships that drive high performance in the CFO role are found in the boardroom and where the customers are, not in the finance department, he pointed out.

CFO 40

CFO Construction Finance Cost Management 40

Future CFO

JANUARY 21, 2024

Key findings Cost pressure and the economy: SMEs face significant increases in utility prices and supplies, with 58% of businesses highlighting higher costs as their top concern. This significant challenge underscores the need for effective cost management and innovative financial strategies.

Economics 52

Economics Compliance Strategic Planning Cost Management 52

CFO Share

NOVEMBER 23, 2023

Typically, small businesses benefit from working with wholesale suppliers, who can offer products in larger quantities at lower prices, thus aiding in cost management. A small business tip is that a small clothing store expanding its product line benefits from partnering with a wholesale fabric supplier.

Cost Management 52

Cost Management B2B Securities Sales 52

CFO Share

JUNE 21, 2021

Have you grown your sales only to see your costs rise equally? There are many symptoms of fraud which can be easily confused with general business challenges like poor cost management. Increasing vendor expenses as a % of sales. Do you stay awake at night wondering why your business is running out of cash?

Auditing 52

Auditing Risk Management Accounting Manufacturing 52