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How a CFO Ensures Compliance in Financial Reporting

CFO Share

How a CFO Ensures Compliance in Financial Reporting Reliable financial statements are crucial for business management, but ensuring compliance may feel like a luxury in the resource-constrained world of small business. How can a small business ensure compliance in reporting without overspending on accounting staff and audits?

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Fund Accounting for Nonprofits & Charities

The Charity CFO

Most not-for-profit organizations and entities–like 501(c)(3) charities, churches, religious institutions, government agencies, nonprofit nursing homes and hospitals, and educational institutions– are required to use fund accounting. When you set up funds in your chart of accounts, they’ll show on your financial statements as well.

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Members’ Profile: Ronel Jooste

CFO Talks

Recognized for her leadership, resilience, and commitment to education, she is also a Non-Executive Director at the Woman of Stature Foundation and a mentor to aspiring professionals. I enjoy numbers and finances; and I loved accounting at school. I haven’t regretted becoming a CA for one minute though. Leadership skills.

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

CFO Talks

However, education and mentorship are also important for developing specific skills. This prioritization underscores the value placed on a CFO’s ability to anticipate and prepare for future challenges, steering the company towards long-term success and sustainability.

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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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Understanding and Managing Business Risks: Lessons from Hurricane Helene

CFO Simplified

Our experience and our education color what’s before us, and can obscure reality. As various temps were trained, the education and directions he provided lacked consistency and accuracy to create proper financial reports. Prioritize invoicing on current company activities.

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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. Delegation and Empowerment: No CFO can do it all alone.