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Cash Basis vs. Accrual Basis: What’s the Difference?

CFO Simplified

Today, we have Larry Chester , President of CFO Simplified, on camera to discuss cash basis vs. accrual basis accounting. Here, you’d have a huge amount of profit all at once. The expenses that are related to that sale include: Expenses for the staff that did the work for it, Manufacturing or service expenses, and.

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Dealing with Obsolete Inventory

CFO Simplified

For manufacturers, retailers, or wholesale distributors, inventory is likely the largest item on their balance sheet. Bringing Value Through CFO Insights. Business – Dress Manufacturer. The company also started a sportswear line, but that didn’t sell due to a significant manufacturing error in incorrectly sizing the items.

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A Modern Nonprofit Podcast: Talking Through WIN-WIN (Warehouse) Scenarios

The Charity CFO

manufacturer, distributor, consumer processes.) When liquidation takes place, more often than not the corporation would be at a negative or loss on the resale of office chairs. You can also find Tosha and the Charity CFO team on Youtube or our website, thecharitycfo.com ! To hear the full story, click here. Get the free guide!

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Budgeting for Analysis

CFO Simplified

Bring Value through CFO Insights: Like any forecasting tool, proper budgeting allows management to make decisions that can help the company avoid future problems. Their in-house CFO was too busy to take on the task. A detailed set of reports, complete with sales and costs by item group created a good starting point. Evaluation.

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166: Nicolaas van Wyk

CFO Talks

SAIBA’s CEO, Nicolaas van Wyk, provides interesting feedback from the recent CFO World Congress in Mexico, how developments at COP26 will soon change a CFO’s reporting obligations, and the trends for CFOs going into 2022. CFO Talks is a brand of the South African Institute of Business Accountants.

CFO 40
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10 Tips CFOs Can Use to Put AI in Finance to Work Today

Planful

Research from the Wharton School of the University of Pennsylvania suggests that, since AI can lead companies to become more profitable, companies can then hire more employees. This was great for business but led to increasingly long financial reconciliation times. But what happens to humans when the bots take over?

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Planning business scenarios for financial agility

Future CFO

The on-going COVID-19 pandemic has irrevocably disrupted the global economy at an unprecedented scale – forcing manufacturing facilities to shut down, grounding thousands of land, air and sea transportation, and compelling companies to adapt work-from-home arrangement when authorities put quarantine measures in place. Sumesh Balakrishnan.