Future CFO

MARCH 3, 2025

Repetitive tasks, such as financial reporting, are increasingly being automated, freeing up finance professionals to focus on strategic initiatives. A recent report by McKinsey estimates that automation could potentially displace up to 30% of work activities in finance and accounting.

Finance 69

Finance Communication Leadership Profit and Loss 69

The Charity CFO

AUGUST 21, 2024

Fundraising and accounting departments provide vital services to the organization, but when they fail to communicate, it can lead to financial errors. Bridging this communication gap can help your organization ensure every dollar raised is used effectively. For a nonprofit to thrive, these two departments have to work together.

Communication 52

Communication Accounting Nonprofit Budgeting 52

Collectiv

NOVEMBER 16, 2021

The most valuable indicators of the financial health and position of an organization are the metrics that are tracked in financial statements—Balance Sheets, Profit and Loss Statements, Cash Flow Statements, Account Receivables, and more. Financial reporting is meant to give stakeholders an accurate depiction of a company’s finances.

Financial Reporting 75

Financial Reporting Profit and Loss Budgeting Analyzing Data 75

CFO Talks

MARCH 20, 2025

Talking Money Without Causing Panic Numbers tell the truth, but how you communicate with them determines how they are received. As a CFO, your role goes far beyond reporting figuresyou shape strategic decisions, guide leadership, and influence confidence in the business. A CFO must be the voice of reason in financial discussions.

Leadership 52

Leadership CFO Communication Numbers 52

Fpanda Club

SEPTEMBER 2, 2021

The list of typical FP&A activities usually includes planning, budgeting, forecasting, analysis, management reporting and performance management. Budgeting is a type of short-term planning whose goal is to transform strategic objectives into an operational plan by allocating available resources.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Forecasting 130

CFO Talks

JANUARY 8, 2025

For instance, when inflation rises, some businesses instinctively slash budgets across the board. Cutting this budget may save money in the short term, but it risks creating a skills gap that hinders future growth. For example, financial reporting software can provide real-time visibility into your company’s performance.

Economics 52

Economics Leadership Budgeting Communication 52

The Finance Weekly

FEBRUARY 22, 2025

Did you know that 47% of businesses still rely on spreadsheets for financial planning, despite the risks of errors and inefficiencies? Workday Adaptive Planning aims to solve this problem by offering a cloud-based Financial Planning & Analysis (FP&A) solution with AI-powered forecasting, budgeting, and workforce planning tools.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning General Ledger (GL) Forecasting 52

CFO Talks

NOVEMBER 27, 2024

Communicate Clearly and Honestly Uncertainty makes people nervous. Create a “priority budget” that focuses on essential spending. Automate routine tasks: Use software to handle things like expense tracking, financial reporting, or payroll. This insight helps you decide whether to adjust budgets or wait it out.

CFO 52

CFO Budgeting Forecasting Communication 52

CFO News Room

DECEMBER 16, 2022

As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. Budget Analyst.

Finance 130

Finance Budgeting Financial Analyst Compliance 130

E78 Partners

MARCH 3, 2025

Despite these favorable conditions, successful IPOs require meticulous preparation, robust financial reporting, and a governance framework that instills investor confidence. Companies must ensure they are operationally, financially, and strategically ready for the transition to public markets.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) GAAP Marketing Compliance 52

CFO Talks

APRIL 8, 2025

Holding an MSc, BSc, and FCCA qualification, Julius has made a remarkable impact in the finance sector, earning multiple prestigious awards, including the Chief Finance Officer of the Year Sustainability Award (2023) and the Financial Reporting Award (2023). I then communicate solutions effectively without antagonizing any party.

CFO 52

CFO Leadership Auditing Finance 52

Spreadym

AUGUST 17, 2023

A financial reporting dashboard is a visual representation of financial data and key performance indicators (KPIs) presented in a consolidated and easily digestible format. Decision Making : Financial reporting dashboards enable data-driven decision making by providing stakeholders with timely and accurate information.

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

CFO Talks

MARCH 4, 2025

Here are seven key financial strategies to help you stay in control and thrive no matter whats on the menu. Ditch Rigid Budgets Stay Flexible Instead Imagine planning a long road trip. You map out your route, pick your stops, and set a budget for fuel. Thats why businesses need rolling forecasts instead of rigid budgets.

Budgeting 52

Budgeting Forecasting Invoicing Sales 52

The Charity CFO

AUGUST 21, 2023

Nonprofit communications can be complicated, and sometimes awkward. But while it’s relatively easy to raise funds in dire situations or emergencies, getting donors to invest can be trickier when your charity seems financially stable. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit Communication Education CFO 52

The Charity CFO

FEBRUARY 16, 2023

Nonprofit budgeting best practices are often the difference between success and failure for the organization. Budgeting is a crucial element of understanding the financial health of your organization. It also allows for better communication and transparency with employees who are striving for the same goals.

Nonprofit 52

Nonprofit Budgeting CFO Leadership 52

The Charity CFO

FEBRUARY 12, 2025

According to Sheri’s research, organizations that can quantify and communicate how they’re changing lives are 68% more likely to win grants compared to those who only report on outputs (e.g. Book a FREE consultation here Do You Struggle to Make Sense of Your Financial Statements? number of people served).

Nonprofit 52

Nonprofit Leadership Communication Prioritization 52

CFO Share

JULY 16, 2024

In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy. Purpose of the Role The controller ensures financial reporting compliance and accuracy while preventing and detecting fraud. CFOs must also be excellent communicators.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO General Ledger Compliance 98

The Charity CFO

NOVEMBER 17, 2022

Financial planning and budgeting are vital for the success and sustainability of any nonprofit organization. . That’s why it’s important to start thinking about your budget for 2023 now. Budgeting should go beyond simply tracking money in and money out. . Intro to Budgets for Nonprofits.

Nonprofit 52

Nonprofit Budgeting Forecasting CFO 52

The Charity CFO

APRIL 20, 2023

Budgeting: Tools for creating and managing multiple budgets for different funds or projects and budget to actual reporting. Grant tracking: From application to closeout, including the ability to create budgets for each grant, track grant expenditures, and generate reports that show the status of each grant.

Nonprofit 98

Nonprofit Accounting Accounting Standards Budgeting 98

Planful

MARCH 18, 2019

The FP&A team is numbers-oriented, but also requires a great deal of communication skills. The financial reporting manager must be able to clearly explain specific financial concepts at a high level for busy executives. FP&A teams can do so by leveraging these four essential types of financial reports techniques.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Financial Reporting Cash Flow Forecasting Forecasting 40

Planful

SEPTEMBER 6, 2021

In an ideal world, financial reports should build shareholder trust by offering accurate data about the performance of the company. In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. at its peak to $0.26

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40

CFO Talks

OCTOBER 10, 2024

One side is all about the numbers—profits, cash flow, and budgets. Build Financial Models That Reflect Strategy Your budget and financial reports should reflect strategic goals. Takeaways for CFOs Communicate the Vision: Ensure everyone on your finance team understands the company’s strategy.

Numbers 98

Numbers Finance CFO Leadership 98

Future CFO

AUGUST 7, 2024

This, according to Ho, can be any combination of investor relations, corporate communications, technology, procurement, legal and corporate service and, strategy and development. Often with responsibility for investor relations, Ho says CFOs can help communicate their business to outside stakeholders and build the company brand.

Data Analysis 98

Data Analysis CFO Budgeting Performance Measuring 98

The Charity CFO

MAY 18, 2022

Financial sustainability. Your board should be involved in reviewing and approving the annual operating budget. It should also review financial statements at every board meeting and challenge management on numbers that don’t make sense. Operational policies, such as conflict of interest and whistleblower policies. Compliance.

Nonprofit 105

Nonprofit Auditing Compliance Budgeting 105

Future CFO

JULY 23, 2024

This involves: Budget Allocation: Prioritising investments in projects and initiatives that reflect core values, such as sustainability, innovation, or community engagement. Performance Metrics: Developing key performance indicators (KPIs) that measure not just financial performance but also progress toward value-based goals.

Auditing 59

Auditing Communication CFO Strategic Planning 59

Spreadym

OCTOBER 3, 2023

Financial Planning and Analysis (FP&A) candidates are professionals who specialize in financial planning, budgeting, forecasting, and analysis within an organization. They play a critical role in helping companies make informed financial decisions and allocate resources effectively.

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Financial Analysis Financial Modeling Budgeting 59

Fpanda Club

FEBRUARY 1, 2021

Though some activities, such as financial reporting, budgeting and forecasting are periodic, they are always characterized by tough deadlines to be respected. Communication skills. Interaction and collaboration with each of them require juggling different behaviours and communication styles.

Finance 130

Finance Communication CFO Prioritization 130

The Charity CFO

JANUARY 17, 2022

So you can understand what’s happening in your business and communicate effectively with your board members, donors, and financial team. Your core financial reports, which we’ll look at below, exist to answer this one simple question– how much value has your organization created ? It’s a necessity. Start right here (??)

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

Beacon CFO Plus

NOVEMBER 30, 2023

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

The Finance Weekly

JANUARY 1, 2023

And during periods of economic growth and stability it will save organizations a lot of time by automating their manual processes, which will leave them the ability to identify what areas to focus on in addition to improved budgeting and forecasting. 2) The Importance of Trustworthy, Independent SOC Reports in FP&A.

Finance 98

Finance Compliance Economics Forecasting 98

CFO Strategic Partners

JULY 9, 2021

Financial reporting was inconsistent and unreliable, and without that data, it was impossible to see whether rapid-fire growth could be supported. Finally, we used the improved financial processes and knowledge to create a budget that both guided decision making and built accountability. The results speak for themselves.

CFO 52

CFO Budgeting Financial Reporting Communication 52

Michigan CFO

JUNE 7, 2023

Understanding the Role of a CFO A CFO is a high-level executive responsible for overseeing the financial activities of an organization. Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. What Do Virtual CFOs Do?

CFO 52

CFO Problem Solving Budgeting Financial Systems 52

CFO Talks

JANUARY 28, 2025

Team Building Techniques for Financial Leaders Being a financial leader isnt just about balancing budgets and managing spreadsheetsits also about leading people. Fortunately, you dont need a huge budget or fancy programs to build a strong team. Communicate Openly Good communication is the glue that holds a team together.

Communication 52

Communication Budgeting Leadership Financial Reporting 52

Future CFO

DECEMBER 31, 2021

According to Gartner , finance leaders anticipate a greater percentage of their time will be spent in improving flexibility of budgeting & forecasting (58%), closely followed by developing digital skills (56%) and redefining employee value proposition in hybrid environments. What does this mean to the finance and accounting team of 2022?

Leadership 98

Leadership Finance GAAP Forecasting 98

VCFO

NOVEMBER 1, 2023

Alternatively, if expenses are running over budget, are there line items that can be cut or deferred to pull overall expenses back in line with budget? audited or reviewed financial statements). If a revenue shortfall is recognized, should incentives be adjusted for the sales team to close deals and book revenue before year end?

Finance 88

Finance Strategic Planning Auditing CFO 88

Spreadym

NOVEMBER 16, 2023

The best features of FP&A software often include: Budgeting and Forecasting: These features allow organizations to create detailed budgets, forecasts, and financial plans. Users can input data, make adjustments, and project future financial scenarios. This ensures that everyone is working with the latest information.

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Planning Budgeting Financial Modeling 59

The Charity CFO

JULY 29, 2024

Inadequate Financial Oversight The finance committee plays an important role in the financial success of your organization by monitoring the budget and reviewing financial statements. Poor communication with the board of directors can leave board members uninformed about the financial health of the organization.

Finance 52

Finance Nonprofit Communication Budgeting 52