Thu.Jul 14, 2022

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The ABCs and IRCs of cannabis accounting

CFO Dive

From cash control issues to inadequate reporting and point of sale (POS) software, accounting for cannabis dispensaries is no easy feat and the wrong move can land a company in serious legal trouble.

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Cochrane and Coleman: How Do You Solve Inflation?

CFA Institute

"The economic problem now is to control inflation and get to work on the supply side of the economy.".

Economics 101
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Companies next year plan biggest average pay raise since 2008

CFO Dive

In order to succeed in a highly competitive labor market, companies need to consider providing non-monetary benefits such as workplace flexibility in addition to pay raises, Willis Towers Watson said.

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CFOs must embrace sustainability mandate

Future CFO

For many years, organisations’ climate-related initiatives have focused on the impact of their activities on the environment and its stakeholders – for example, their carbon footprint, which measures the amount of greenhouse gas emissions attributable to the organisation, expressed in carbon dioxide equivalent (CO2e). Today, companies are also looking at climate change from other perspectives.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Kitces & Carl Ep 90: Standing Out On Social Media By Finding The ‘Minimum Viable Audience’

Nerd's Eye View

In recent years, many financial advisors have turned to social media as a marketing tool to connect with prospective clients. Its ease of use and potential to reach large audiences have made it a very attractive channel to generate potential leads. But as a highly competitive venue with an excess of information, personal finance personalities, trends, and products, social media is rife with individuals all vying for everyone’s attention.

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Book Review: The Revolution That Wasn’t

CFA Institute

Spencer Jakab argues that Wall Street, not the everyday retail investor, won the meme stock revolution.

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Is Your Nonprofit Ready for Recession?

The Charity CFO

A lot of nonprofit leaders are asking us about how to prepare their organizations for the possibility of a recession. So I decided to change up the format of my A Modern Nonprofit Podcast this week to talk directly to you about the steps you can take to prepare your organization for a potential recession: Click here to listen to the podcast on Apple Podcasts or Spotify. 6 Steps to Recession-Proof Your Nonprofit. 1.

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Optimizing Data Fabric is Key to Migration, Integration and Innovation of Business Processes

Bramasol

Do you know where your data is? Actually, it is everywhere. According to Statista, the total amount of data created, captured, copied and consumed globally is projected to grow to more than 180 zettabytes by 2025 , from the 64 zettabytes in 2020. From an enterprise standpoint, an IDG Market Pulse survey of North American companies with over 1000 employees indicated that, " the mean number of data sources per organization is 400.

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Webinar: Securing Money and Data: Strengthening the Lines of Defense | August 17

Strategic Treasurer

Securing Money and Data: Strengthening the Lines of Defense. August 17 | 12:00 PM EDT. Register Now. Criminals are after your data and money. Constantly. They are increasingly more sophisticated and automated, and our response must be strengthened. This includes each area of exposure: technology, processes, structure, and people. Your firewall needs to be updated, but your human firewall(s) also need to be kept current.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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CFOs: Do you have regret over technology purchases?

Future CFO

Executives have a high degree of regret over technology purchases, said Gartner recently when releasing results of a survey of 1,120 respondents in Asia/Pacific, North America, and Western Europe during November and December 2021. Survey results indicate that 56% of organisations had a high degree of regret over their largest tech-related purchase in the last two years.

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How do I clean up my financial statements?

CFO Share

Do your profits and cash flows make no sense? Is your balance sheet littered with negative numbers and old, incorrect figures? You are not alone: every growing business eventually needs a financial statement clean up. Here’s what you should consider when approaching a catch-up bookkeeping or an accounting clean up project. Who will do the financial statement clean up?

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Is On-Site Necessary Anymore? Examining Today’s Most Effective Workforce Structure

CFO Selections

When talking with colleagues these days it is common to hear people discussing the effectiveness of remote work, especially regarding consulting work. We hear partners and clients saying things like, “I just don’t think we can replicate the kind of interpersonal relationships we used to have virtually.” Yet, at the same time, we hear their employees expressing little desire ever to return to the office full-time, opting instead for fully remote or hybrid work arrangements.

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Is Cloud Computing the Future of Finance?

Financial Analyst Insider

As it’s one of the fields with the most strict regulations around security and data privacy, all for good reasons, the financial sector has always. The post Is Cloud Computing the Future of Finance? appeared first on Financial Analyst Insider.

Finance 52
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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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The 8 Best Financial Planning Software Tools [2022]

Cube Software

Especially in today's market, companies are getting the same message: Plan B is not enough.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: NXP Semi, Compass, Shake Shack from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Quality of Earnings: Understanding an Essential Piece of the M&A Puzzle

Embark With Us

The ultimate success of an M&A transaction depends on a lot more than a firm handshake, no matter how firm that handshake might be. In other words, both buyers and sellers need to be meticulous, leaving no due diligence stone unturned or anything to chance.

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How to run a successful loss leader strategy

CFO Share

How to run a successful loss leader strategy. The Wall Street Journal recently reported that Costco has not raised the price of its $1.50 hot dog special since 1985 and has no plans to even in today’s inflation. Costco’s hot dogs are a loss leader – something sold at a loss to attract customers who are subsequently cross-sold and upsold. Why does Costco’s hot dog work?

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.