CFO Talks

SEPTEMBER 13, 2024

Nicolaas van Wyk: Good day, CFO Club members, prospective members, and our CFO audience. My name is Nicolaas van Wyk, and I’m hosting another interesting podcast for CFO Club with Dr. Lawrence Nsibandze. He is the Chief Financial Officer of the Public Service Pension Fund. With that introduction, let’s welcome Dr.

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Finance Auditing CFO Leadership 97

CFO Talks

SEPTEMBER 17, 2024

Building Robust IT Systems for Financial Reporting As financial operations become increasingly complex, having the right IT infrastructure in place is no longer just a back-office necessity—it’s a strategic advantage. This allows for smooth data flow and eliminates duplication or manual data entry errors.

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Financial Reporting Auditing IFRS CFO 52

https://trustedcfosolutions.com/feed/

MARCH 22, 2023

You can track invoices, payments, and expenses in real time and securely access your financial data from anywhere. This includes the segregation of duties, approval workflows, and regular audits. Cloud accounting software like Sage Intacct can help you manage your accounts payable more efficiently. Electronic Payment Systems.

Accounts Payable 108

Accounts Payable Accounting Invoicing Reconciliations 108

Future CFO

MAY 15, 2024

In 2022 at the start of the euphoria around ESG, FutureCFO observed that CFOs in Asia showed keen interest in leading their organisation’s sustainability initiatives. As one CFO commented : “ESG determines the success of the company and the success of the CFO, so they are intertwined.”

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Finance Auditing Compliance Leverage 98

CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Accounting 95

Accounting Finance Auditing IFRS 95

The Charity CFO

MAY 31, 2024

Prepare for Audits Inaccurate financial data is one of the top mistakes found in nonprofit audits , but a well-organized bookkeeping system can help you be ready for an audit. This leads to more accurate financial records and reduces the risk of costly mistakes.

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Nonprofit Technology Auditing Profit and Loss 52

CFO Plans

JULY 5, 2024

As we move further into 2024, leveraging SaaS-based accounting software has become not just a trend but a necessity for manufacturing firms aiming to streamline their operations and enhance financial accuracy. Discover how CFO Plans can help you implement the best SaaS solutions. Learn how to secure your financial data.

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The Finance Weekly

JUNE 21, 2022

This is especially true for CFOs who are planning to take their company public. At the , CFO Leadership Conference in Boston earlier this month, , Mike Ellis , who was named by the , Boston Business Journal CFO of the Year , offered an inside look into how a CFO prepares a company for an initial public offering and life as a public company.

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Future CFO

JULY 14, 2024

The lack of uniform controls across these applications can result in inconsistent, non-conforming access, time-intensive and error-prone monitoring, increased threats, fraud, and audit deficiencies. Vitasoy group director for internal audit and risk management Terence Chow commented that it's more than just financial data.

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SAP Auditing Finance CFO 52

CFO Talks

SEPTEMBER 5, 2024

Designing Effective Financial Information Systems: A Guide for South African CFOs In the ever-changing financial landscape, the strength of your financial information system (FIS) plays an important role in determining your organisation’s success.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

CFO Leadership

OCTOBER 18, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Accounting 52

Accounting Finance Auditing IFRS 52

Future CFO

JUNE 24, 2024

The balance sheet and key financial ratios should tell the strengths and problems of the Company. It’s not easy to go through all the financial data to identify what’s relevant and what’s not. This will be an ongoing challenge with AI as there should always be a means to review and audit the system and results.

Auditing 111

Auditing Financial Analysis Forecasting Reconciliations 111

CFO Talks

SEPTEMBER 18, 2024

Cost-Effective Strategies for Maximizing Capital Employed As a CFO, one of the critical tasks is to ensure that capital employed in your business is used efficiently to generate the highest possible returns. Conduct an asset utilisation audit to determine which assets can be better used, sold, or leased.

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Auditing Leverage Benchmarking CFO 52

Spreadym

AUGUST 10, 2023

What is financial reporting software? Financial reporting software refers to specialized tools or applications designed to help organizations generate, manage, and present their financial data in a clear and organized manner. Exporting and Sharing: The ability to export reports in various formats (PDF, Excel, etc.)

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Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

CFO Plans

MAY 2, 2024

When it comes to revolutionizing your financial management, finding the right accounting partner is a critical decision. With numerous options available, how can a CFO navigate this complex landscape and find the perfect match? Selecting the right accounting partner is a critical decision for any CFO.

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Accounting Problem Solving Communication Compliance 52

PYMNTS

JULY 5, 2017

For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. The nature of financial reporting is to communicate facts aggregated using accounting rules. These facts can be audited back to the source.

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Financial Data Auditing Financial Reporting CFO 52

Future CFO

FEBRUARY 1, 2024

"It is absolutely critical businesses implement an accounting and reporting system for their ESG data that is as auditable, transparent, and reliable as their financial data accounting," Hasenoehrl says, "2024 is the year we have to start treating enterprise carbon data the same way we treat financial data."

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Finance SAP Auditing IFRS 52

Future CFO

OCTOBER 20, 2021

The CFO role requires certain traits and skills, said Woranat Dumrongsiri (pictured), Country CFO, Deloitte Thailand and Deloitte Laos during an interview with FutureCFO for the publication’s Female Leadership in Finance Series. Woranat Dumrongsiri, Country CFO, Deloitte Thailand and Deloitte Laos.

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CFO Leadership Finance Problem Solving 52

The Charity CFO

APRIL 24, 2024

Give you the ability to make data-driven decisions. Complete a KPI Audit A needs assessment and KPI audit can help you determine the most important KPIs for your organization. To perform an audit, you’ll need to consider your current data sets. Specifically, how are you measuring nonprofit goals?

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Nonprofit Auditing CFO Finance 52

The Charity CFO

APRIL 5, 2022

Financial statement audit or review – if you are required to undergo a financial statement audit or assessment, using the accrual method to be in accordance with GAAP will make the process much smoother and less expensive. Do you need to undergo an audit? . Is Accrual Accounting a Requirement For You?

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CFO Talks

OCTOBER 15, 2024

Practical Applications of Predictive Analytics in Risk Management To get started with predictive analytics, you don’t need to be a data scientist. Here are some practical ways CFOs can use predictive analytics in risk management: 1. Regularly review these reports with your internal audit or risk teams.

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Risk Management Compliance Forecasting Credit Risk 95

Adam Kae

MAY 30, 2023

Reach out for your complimentary consultation today with CFO Adam. Seamlessly Track and Manage Expenses Expense management is a critical aspect of financial health for any business. By embracing financial automation, we gain access to real-time financial data, enabling us to make informed decisions swiftly.

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Marketing Invoicing CFO Reconciliations 52

CFO News

JULY 23, 2023

Top Indian companies are facing challenges due to the capital-markets regulator's new Environmental, social and governance (ESG) rules as they struggle to collate non-financial data dispersed across various internal systems, evaluate the impact of disclosing private data on sensitive governance issues, and start dealing with the complexity of capturing (..)

Auditing 52

Auditing Financial Data Marketing 52

The CFO College

AUGUST 31, 2021

The rolling cash forecast is one of many CFO-level skills we teach in our program. Tracking Financial Data -- Reporting, recording, and storing all financial data for a startup can be overwhelming, if not a total mess. And much more. Managing Taxes and Sales Tax -- Almost every business must file and pay taxes.

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Startups Accounting General Ledger Forecasting 81

The Charity CFO

APRIL 1, 2024

At The Charity CFO, we’ve found four tech tools that have worked for several of our clients to improve their accounting systems. QuickBooks provides an easy-to-use bookkeeping solution that puts all of your financial data in one place. Fathom pulls data from QuickBooks and generates monthly financial reports and dashboards.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

The Charity CFO

JULY 1, 2024

There’s a wide range of accounting services your organization might need, including: Bookkeeping Financial reporting Tax preparation Audit support These key services are vital to maintaining the financial health of your organization. Transparency and Communication Accountants often work with sensitive financial data.

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Nonprofit Accounting Budgeting Communication 52

The Charity CFO

APRIL 2, 2024

In addition, you need to make sure your financial data is accurate and readily available for donors, board members, and other stakeholders. Your nonprofit accounting partner will help ensure your monthly financial statements and reports are delivered on time. Do You Struggle to Make Sense of Your Financial Statements?

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The Charity CFO

FEBRUARY 4, 2022

A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . The nonprofit bookkeeper is the front line in the battle for the accurate financial data you need to run your business, so let’s review the core responsibilities of a nonprofit bookkeeper. .

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Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user.

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Securities Cash Flow Forecasting Budgeting Forecasting 98

Future CFO

AUGUST 21, 2023

FutureCFO spoke to Robert E Parker , CFO for IBM Asia Pacific, for his perspective on how finance teams can and should take interest in the potential of AI, and arguably that waiting for the technology may not be in the best interests of the function and the company. Fraud and waste : Use Machine Learning (ML) to detect fraudulent patterns.

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Finance Compliance Data Analysis Leverage 98

The Charity CFO

JULY 13, 2022

Rather than evaluating nonprofits and issuing a rating, GuideStar’s mission is to make complete and accurate financial data on nonprofits as available as possible. They’ve done such a great job of accumulating financial data on nonprofits that Charity Navigator has partnered with them to share information.

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The Charity CFO

MAY 11, 2023

Properly evaluate each company and their credentials before letting go of your financial data. Security Concerns The financial data of an organization is incredibly sensitive. If you’ve decided the outsourced bookkeeping is right for your organization, get in contact with us and see how Charity CFO can help !

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Nonprofit Communication Auditing GAAP 52

Centage

MAY 8, 2023

Your role is critical and complex as you know and understand the financial operations of your organization inside and out – and are ultimately responsible. You are a master of your companyʼsʼ financial data – and there is so much of it to manage. Plan to work with them early in your board presentation development stage.

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Future CFO

NOVEMBER 27, 2022

Sanjay Patil , executive partner for finance and supply chain transformation at IBM Consulting , ASEAN, says the CFO role is evolving and is now aligned with the priorities of the CEO for the organisation including improved efficiencies and customer experience. Sanjay Patil : Data is critical for the application and deployment of AI.

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Finance CFO Compliance Auditing 52

Future CFO

FEBRUARY 22, 2024

Chee Kien Loh These challenges create three major issues that every CFO is familiar with. First are fragmented data islands. One major benefit is that EPM can act as a central hub, consolidating financial and non-financial data from diverse sources into a single source of truth.

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Financial Planning and Analysis (FP&A) Finance Compliance SAP 97

Future CFO

JUNE 3, 2024

Steps to take In connection with the integration of climate-related risks and opportunities into financial reporting, Wood says the evolving ESG landscape is reshaping traditional CFO roles, particularly in financial reporting.

Finance 40

Finance Compliance Auditing Leverage 40

The Charity CFO

MAY 2, 2022

The IRS has different reporting requirements than GAAP, so the balance sheet section of your 990 may not match your audited financial statements. But it still gives anyone the ability to assess your overall financial status in just a few minutes. ?? appeared first on The Charity CFO. How do you spend your money?

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Nonprofit GAAP CFO Accounting 105