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

NOVEMBER 20, 2024

For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.

IFRS 52

IFRS GAAP Currencies CFO 52

CFO Talks

OCTOBER 8, 2024

Different work styles, communication preferences, and problem-solving approaches may create friction. As CFO, you need to articulate a clear financial vision that transcends individual tasks and roles. Setting clear KPIs and ensuring that these are communicated across the team is essential.

Finance 98

Finance Problem Solving CFO Communication 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 Budgeting 40

Future CFO

FEBRUARY 26, 2024

The rigour of the IPO process requires the company to re-evaluate and refine its strategy and processes and helps it attain the high standard of financial reporting and corporate governance required of a listed company,” says Joshua Ong , managing partner & practice leader for capital markets & IPO at Baker Tilly Singapore.

Financial Reporting 98

Financial Reporting Compliance Communication Finance 98

Future CFO

JULY 23, 2024

Performance Metrics: Developing key performance indicators (KPIs) that measure not just financial performance but also progress toward value-based goals. Enhancing Communication Channels Effective communication is essential for value alignment.

Auditing 59

Auditing Communication CFO Strategic Planning 59

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 Compliance General Ledger 98

CFO Talks

SEPTEMBER 11, 2024

This can be as simple as adhering to financial reporting standards without compromise, even when under pressure to deliver positive results. Establish clear ethical guidelines for your team, and consistently apply them in all financial decisions. However, transparency goes beyond just the numbers.

Leadership 52

Leadership Communication CFO Financial Reporting 52

CFO Talks

SEPTEMBER 28, 2024

Create a narrative for your financial results each quarter. This not only helps in communicating to stakeholders but also in identifying which strategies are driving success and which need tweaking. Set Clear, Measurable Goals Turning financial performance into real-world results starts with clear goals.

Communication 98

Communication CFO Numbers Leverage 98

CFO Talks

AUGUST 21, 2024

Navigating IFRS , Key Updates and Changes Introduction In today’s fast-paced financial world, staying up to date with the latest International Financial Reporting Standards (IFRS) is critical for CFOs. Conclusion The ongoing evolution of IFRS presents both challenges and opportunities for CFOs in South Africa and Africa.

IFRS 52

IFRS Profit and Loss Communication Credit Risk 52

CFO Share

SEPTEMBER 12, 2024

The first step after a sudden CFO departure is assessing the company’s immediate financial needs. Prioritize urgent processes such as cash flow management, ongoing projects, and upcoming deadlines for financial reporting.

CFO 52

CFO Compliance Communication Prioritization 52

Future CFO

DECEMBER 7, 2023

Financial leaders are often the primary contact for investors and financial institutions, responsible for communicating the company’s financial health and future prospects. Given this, a CFO’s ability to present a compelling financial narrative can attract potential investors and secure funding for expansion projects.

CFO 52

CFO Communication Leadership Forecasting 52

CFO Talks

AUGUST 28, 2024

Understanding the Regulatory Framework South Africa’s regulatory environment is governed by a myriad of laws and standards that mandate specific reporting obligations. These include the Companies Act, the Tax Administration Act, the Financial Sector Regulation Act, and the International Financial Reporting Standards (IFRS), among others.

CFO 83

CFO Auditing Compliance IFRS 83

CFO News

AUGUST 13, 2024

The National Financial Reporting Authority (NFRA) has identified preliminary audit quality issues in its ongoing inspections of major audit firms. The NFRA is also working with the Indian Institute of Corporate Affairs (IICA) to enhance communication and training for audit committees of listed companies.

Auditing 40

Auditing Communication Financial Reporting Numbers 40

CFO News

OCTOBER 25, 2023

The National Financial Reporting Authority (NFRA) in India has launched an inquiry into EY member firm S.R. NFRA has requested files and communications related to the audits of Adani Group companies dating back to 2014. Batliboi, one of the longtime auditors of the Adani Group, according to sources.

Accounting 52

Accounting Auditing Communication Financial Reporting 52

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

CFO Plans

MAY 2, 2024

Whether you need outsourced bookkeeping services or advanced financial reporting, your partner should be able to accommodate your needs without disruption. Assessing Communication and Collaboration Effective communication and collaboration are key to a successful partnership.

Accounting 52

Accounting Problem Solving Communication Compliance 52

The Charity CFO

SEPTEMBER 19, 2024

She believes as long as you communicate radical transparency, then the funders should support what you’re doing. She believes that without her communication and transparency about the specific goals and how they achieve milestones, things might be different. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Communication CFO Planning 52

CFO Selections

NOVEMBER 16, 2022

All nonprofits do some combination of financial reporting, management reporting, and board reporting. Internally these reports help organizations manage risk, evaluate current efforts against performance objectives, make strategic operational decisions, and prepare for what is coming next.

Nonprofit 52

Nonprofit Communication Financial Reporting 52

The Charity CFO

SEPTEMBER 23, 2024

Encouraging Collaboration and Communication One of the biggest issues facing leadership teams in both nonprofit and for-profit organizations is a lack of communication and collaboration. Create open channels of communication and feedback loops so leadership stays in contact with non-leadership teams. Get the free guide!

Nonprofit 52

Nonprofit Leadership Communication CFO 52

The Charity CFO

APRIL 26, 2024

How Do You Approach Financial Reporting for Nonprofits? Accurate financial reporting is essential to a nonprofit’s success. Having accurate reports helps promote transparency, showing your commitment to ethical conduct and integrity. How Do You Ensure Transparency and Clear Communications With Clients?

Nonprofit 52

Nonprofit Accounting Profit and Loss Communication 52

CFO Talks

NOVEMBER 1, 2024

I also prioritize clear communication and collaboration, seeking input from colleagues or experts when needed. A key strategy that has helped me succeed is maintaining adaptability—being open to change and learning from setbacks. Financial Expertise: Mastery of financial reporting, budgeting, forecasting, and analysis is essential.

Prioritization 98

Prioritization CFO Leadership Communication 98

The Charity CFO

OCTOBER 9, 2024

For nonprofits, GAAP ensures transparency, accuracy, and consistency in financial statements. Accurate and transparent financial data makes it easier for stakeholders and regulators to understand an organization’s financial health. Use data exports and reports to bridge the gap between the two systems. Get the free guide!

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

The Charity CFO

JUNE 27, 2024

Providing regular financial reports to the board of directors and other stakeholders. Lead with Communication and Transparency Communication and transparency are essential for the success of your organization. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit Leadership Strategic Planning Communication 52

E78 Partners

JANUARY 5, 2024

An acquisition adds complexity to the financial reporting and audit process, so it’s important to be proactive and prepared. Orientation and Training: Provide management with detailed training on acquisition-related accounting topics that impact financial reporting and the audit process.

Auditing 59

Auditing Valuation Concentration Reconciliations 59

CFO Talks

FEBRUARY 9, 2024

Historically, CFOs have been primarily responsible for financial reporting, budgeting, and compliance. These silos create barriers that hinder communication, collaboration, and alignment across the organisation. CFOs must ensure financial information is communicated clearly and transparently to organisational stakeholders.

Communication 52

Communication Leadership CFO Budgeting 52

CFO Talks

AUGUST 22, 2024

When negotiating a merger or acquisition, you might use financial reports and market analysis to show the benefits of the deal. Encourage Open Communication Negotiations can fail when people stop talking to each other. Encourage Open Communication Negotiations can fail when people stop talking to each other.

CFO 52

CFO Communication Budgeting Financial Reporting 52

CFO Talks

OCTOBER 23, 2024

Whether it’s handling invoices, managing payroll, or preparing financial reports, no one should be left guessing about their tasks. This ongoing communication ensures no one drifts off course and keeps the team aligned with the overall goals. Each person on the team should have clear responsibilities.

Accounting 98

Accounting Finance CFO Invoicing 98

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.

Nonprofit 52

Nonprofit Accounting Budgeting Communication 52

The Charity CFO

JULY 29, 2024

For example, the committee can set up a financial review calendar that includes monthly budget reviews, quarterly financial statement analysis, and annual financial overviews. 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

Future CFO

JULY 3, 2024

To thrive in this evolving regulatory landscape, CFOs must expand their function’s operating models beyond financial statements and construct a more holistic view of their organisation’s sources of value — one that measures and monetises financial and nonfinancial capital.

Finance 59

Finance IFRS Quantitative Data Communication 59

CFO News Room

DECEMBER 16, 2022

Most financial managers have previous experience working in market analysis and forecasting positions similar to this one. Financial managers are responsible for developing long-term financial plans, directing investment activities, and generating financial reports for their company. Communication Skills.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

Future CFO

FEBRUARY 1, 2024

Businesses can then calculate product and corporate carbon footprints, transparently communicate, and comprehensively report auditable sustainability data to their key stakeholders. Hasenoehrl points out that this can be supplemented by capturing data such as carbon emissions reliably, at source.

Finance 52

Finance SAP Auditing IFRS 52

CFO Talks

AUGUST 14, 2024

It involves balancing the interests of a company’s stakeholders, including shareholders, management, customers, suppliers, financiers, the government, and the community. For CFOs, this responsibility extends to ensuring transparency, integrity, and accountability in financial reporting and decision-making processes.

CFO 52

CFO Leadership Risk Management Communication 52

Fpanda Club

SEPTEMBER 2, 2021

Management reporting involves a set of reports submitted to management that aims at supporting decision-making process and monitoring progress. Performance management is a range of practices which a company uses to measure its performance and communicate results. Turning to soft skills, it’s not so easy here.

Financial Planning and Analysis (FP&A) 130

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

E78 Partners

NOVEMBER 12, 2024

Take a critical look at areas prone to audit issues—such as revenue recognition, procurement, impairment, and financial reporting—ensuring that controls in these high-risk areas meet compliance standards.

Auditing 59

Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 59

CFO Talks

OCTOBER 22, 2024

Make sure you’re up to date with any changes to tax, labor, or financial reporting regulations. This includes having clear approval processes, regular audits, and transparent financial reporting. Make sure they know how to spot potential risks in their daily work and report them effectively.

CFO 52

CFO Risk Management Education Communication 52