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Beyond the Basics: 7 Key Focus Areas for New CFOs

CFO Talks

The position of Chief Financial Officer has evolved significantly over the past few decades. No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making.

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The modern CFO: Guardian, Change-maker, Manager, Planner

CFO Talks

Strategist (Planner) , plotting the company’s financial future. These roles are vital for a company’s financial health and its direction. The Chartered Institute for Business Accountants (CIBA) leveraged the research as a foundation to develop its Chartered CFO designation.

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A Fresh Look at Ongoing ESG and Carbon Accounting Developments

Bramasol

The CSRD is intended to revamp and expand information that was already required to be reported since 2017 under the EU’s existing Non-Financial Reporting Directive (NFRD). Leveraging Regulatory Compliance - by attracting investment from funds and individuals who view ESG as a core value and by avoiding fines and sanctions.

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Nonprofit Fundraising Strategies to Consider

The Charity CFO

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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Comparing Your Nonprofit Budget to Actual

The Charity CFO

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. Do You Struggle to Make Sense of Your Financial Statements? Contact us today to learn more about budget to actual analysis.

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Interpreting the Cash Flow Statement – a Quick Guide

CFO Share

On the other hand, venture capital backed businesses expect negative cash from operations since they have external financing and prioritize growth over profitability. How do the financing activities affect key financial ratios such as the debt-to-equity ratio, interest coverage ratio, or other leverage metrics?

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Preparing Your Finance Organization for the New Era of AI

CFO Leadership

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.