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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Prioritization CFO Communication Restructuring 40

Future CFO

MAY 31, 2023

Technology has made financial reporting easy for everyone involved in the process, from the finance and accounts team preparing reports to the regulators, investors, and others who use those reports. That said, technology is only one aspect of the reporting process. in 2023 while Europe and the U.S.

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Finance General Ledger Prioritization Auditing 98

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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Nonprofit Finance CFO Compliance 69

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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CFO Prioritization Finance Communication 52

PYMNTS

OCTOBER 29, 2018

More than 670 professionals at mid-sized and large firms were asked about how they collaborate with human resources and IT departments, both areas of the enterprise that have significant impacts on financial management. For example, 68 percent of CFOs said the biggest roadblock is that their CIO peers do not “speak the same language.”

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CFO Corporate Finance Finance Risk Management 58

The Charity CFO

APRIL 22, 2024

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? Get our FREE GUIDE to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances.

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Nonprofit Budgeting Concentration CFO 52

The Charity CFO

MARCH 29, 2024

Prioritize areas for correction: Make a list of the areas or categories of your budget to actual report that is the most impactful for your organization and plan to focus on fixing those areas first. This information then helps you proactively address issues and make strategic adjustments to improve your financial standing.

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Nonprofit Budgeting CFO Prioritization 52

The Charity CFO

MAY 19, 2023

When strategically implemented as a part of an organization’s financial strategy and other fundamental financial requirements, cash management helps to support a holistic picture of the health and prosperity of an organization and their future abilities to maintain their mission. Get the free guide!

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Cash Management Nonprofit Compliance Budgeting 52

The Charity CFO

MAY 8, 2023

To achieve this, nonprofit organizations should prioritize transparency, authenticity, and accountability in their fundraising efforts. The most successful events prioritize engagement and relationship-building. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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Nonprofit Prioritization Communication Planning 52

The Charity CFO

JULY 31, 2023

They are responsible for understanding and upholding the policies, ensuring compliance among all stakeholders, and making decisions that prioritize the organization’s best interests. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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Nonprofit Prioritization Compliance Accounting 52

The Finance Weekly

OCTOBER 9, 2022

According to , Jim Caci , CFO of software-as-a-service (SaaS) and data management platform provider AvePoint, the collaboration between finance and IT is essential for any company looking to grow. IT can assist Finance with Business Reporting. Finance can assist IT with Budgeting and Forecasting.

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Finance Budgeting CFO Forecasting 98

The Charity CFO

JUNE 7, 2023

Financial Reporting : Provides a comprehensive view of the organization’s expenses. It ensures compliance with reporting standards and provides transparency to stakeholders about how resources are allocated and utilized. The Charity CFO specializes in nonprofit accounting and bookkeeping. Get the free guide!

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Nonprofit Accounts Payable Budgeting Strategic Planning 52

The Charity CFO

DECEMBER 20, 2023

This creates a culture built on a solid foundation for prioritizing, serving, creating sustainability & growth for both the employees and clients. You can find Tosha and the Charity CFO team on Youtube or our website, thecharitycfo.com ! Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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Nonprofit Benchmarking Healthcare Restructuring 52

The Charity CFO

JULY 3, 2023

Check in with them regularly to ensure they understand: How the goals apply to the mission What their role is in achieving the goal How they should be measuring progress Stakeholders, from the board and donors to employees, can help prioritize goals and allow leaders to zero in on the ones that are most critical to success moving forward.

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Nonprofit Analyzing Data CFO Prioritization 52

CFO Share

AUGUST 14, 2023

You do not need to be a CFO to gain valuable insight from this report. By asking yourself basic questions and checking the report, the data will inform you of critical business changes and improve your decisions. Bootstrapping businesses demand positive cash from operations to sustain themselves and fund their growth.

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Profit and Loss Prioritization Finance Investments 40

The Charity CFO

JANUARY 21, 2022

Fund accounting differs from for-profit accounting in that it prioritizes accountability, though it does add some complexity to the bookkeeping and accounting process. As a nonprofit, you have to share your profitability, revenue streams, expense reports, and net assets with many different people, including the general public.

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Nonprofit Accounting GAAP Accounting Principles 98

Fpanda Club

FEBRUARY 1, 2021

Young people usually choose their career in finance as it seems to be rather easy to measure success: there is a beaten path from an entry-level accountant/auditor or financial analyst to finance manager and later to CFO. New opportunities emerge in consulting with its developing CFO advisory services.

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Finance CFO Communication Prioritization 130

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. The post Preparing Your Finance Organization for the New Era of AI first appeared on CFO Leadership.

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Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

CFO Share

APRIL 3, 2024

What to Look for in a Bookkeeper Finding a bookkeeper is more than searching for a vendor; it’s about finding a teammate—a professional who understands the importance of accuracy and timeliness in financial reporting. Discuss their approach to managing high-volume work periods and how they prioritize tasks.

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Communication Prioritization Accounting Standards Financial Reporting 52

Future CFO

AUGUST 1, 2023

This highlights the demand for financial risk management and expense tracking capabilities in financial applications to identify current risks, prioritise profitability, eliminate the paper trail, and reduce administrative effort.

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Invoicing General Ledger Reconciliations Budgeting 98

The Charity CFO

AUGUST 15, 2023

To support and maintain the organization’s tax-exempt status, nonprofit accountants have to understand and adhere to IRS rules for: Tax-exempt organizations Reporting requirements Maintaining proper documentation Reporting Financial reports and statements provide a transparent view of the organization’s financial performance.

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Nonprofit Accounting Profit and Loss Budgeting 52

The Finance Weekly

APRIL 27, 2022

Doing so as a CFO requires the following actions: 1. Additionally, the CEO, CFO, and other C-suite members must lead by example to ensure consistency between their actions and their expectations. If formal policies are not in place, first prioritize where to start (i.e., Tackling the Issue of Ethics. Leverage closing checklists.

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Leadership Financial Planning and Analysis (FP&A) CFO Communication 52

The Charity CFO

NOVEMBER 17, 2022

By taking the time to assess your current financial situation and map out your anticipated income and expenses for the year ahead, you can make sure that your nonprofit is on track to meet its goals. A well-crafted budget can be a powerful tool for decision-making, helping you to prioritize spending in line with your strategic goals.

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Nonprofit Budgeting Forecasting CFO 52

Future CFO

MAY 28, 2020

The next step was prioritization. We prioritized what could and couldn’t be achieved. The team also evaluated the risk on the accuracy of the financial reporting for these activities and focused on key numbers. We also ensured that people have necessary tools to work from home.

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Finance Prioritization Communication Leadership 40

Future CFO

OCTOBER 2, 2019

Finance departments can save their teams from 25,000 hours of avoidable rework caused by human errors by deploying RPA in their financial reporting processes, said Gartner recently. However, only 29% of RPA Adopters have implemented the technology for financial reporting, according to the advisory firm.

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Finance Prioritization Financial Reporting Accounting 40

Planful

JANUARY 11, 2022

In 2018, McKinsey reported that CFOs who didn’t adopt digital innovations like artificial intelligence (AI) were in danger of falling behind their counterparts in IT and marketing. When the COVID-19 pandemic hit two years later, it forced businesses to prioritize digital to stay afloat.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

The Charity CFO

MARCH 2, 2022

Isabel is the Onboarding Specialist at The Charity CFO. She focuses on helping new clients feel more confident about their financial records by re-engineering financial systems and minimizing opportunities for errors. I don’t know if my financial reports are inaccurate. In this episode, you’ll discover….

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Nonprofit Auditing Reconciliations Accounting 98

The Charity CFO

DECEMBER 22, 2021

Mm-hmm it doesn’t feel like, oh, you are always saying, no, you can say like, no, this year, this is what we’re prioritizing, and next year we’re gonna prioritize something else. The post How to Escape the Nonprofit Starvation Cycle appeared first on The Charity CFO. Like I am a service provider.

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Nonprofit Budgeting Accounting Planning 90