The Charity CFO

DECEMBER 11, 2024

In a recent episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Mohan Sivaloganathan, CEO of Our Turn and advocate for youth leadership and equity in education, to discuss the concept of harmonious leadership and its potential to transform the nonprofit sector.

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CFO Plans

NOVEMBER 18, 2024

Implementing strong corporate financial governance ensures that financial disclosures are both trustworthy and reliable. This positions an organization as a leader in financial accountability leadership , setting a standard for others in the industry to follow. This transparency builds confidence amongst stakeholders.

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Communication Finance CFO Prioritization 52

The Finance Weekly

APRIL 27, 2022

Finance leaders can and should take a leadership role cultivating their company’s ethical competencies and addressing its unique challenges. If formal policies are not in place, first prioritize where to start (i.e., Tackling the Issue of Ethics. Doing so as a CFO requires the following actions: 1. Leverage closing checklists.

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Leadership Financial Planning and Analysis (FP&A) Communication Reconciliations 52

CFO Leadership

OCTOBER 10, 2023

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. The post Preparing Your Finance Organization for the New Era of AI first appeared on CFO Leadership.

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VCFO

JUNE 29, 2023

A CFO will evaluate financial performance, and bring attention to potential issues. They also rely on the CFO’s leadership, providing up to date communication, and accurate financial reporting. For a nonprofit organization to live up to its mission, an effective and active leadership team is a must.

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The Charity CFO

JUNE 27, 2024

Leading a nonprofit organization isn’t just about passion–it’s about effective leadership. Build Strong Leadership Foundations You can’t effectively lead an organization–or a team–if you don’t have clear goals, missions, or plans for it. Additionally, the Board, in conjunction with leadership, develops a strategic plan.

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Nonprofit Leadership Strategic Planning Communication 52

Spreadym

SEPTEMBER 22, 2023

Poor Documentation: Failing to document financial processes, decisions, and discussions can create confusion and make it challenging to track and audit financial activities. Inadequate Reporting: Providing incomplete or inaccurate financial reports can mislead team members and decision-makers.

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Communication Leadership Financial Reporting Prioritization 59

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. What to Do When a CFO Leaves? How Can a Company Quickly Find a Qualified Interim CFO?

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CFO Compliance Communication Prioritization 52

Bramasol

JULY 22, 2023

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). The CSRD is part of the EU’s European Green Deal and the Sustainable Finance Agenda.

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CFO Talks

MARCH 13, 2024

Prioritize Face-to-Face Interactions While it might be tempting to dive into paperwork and financial reports, prioritize face-to-face interactions. By prioritizing open and transparent communication, you can alleviate concerns and foster a sense of security. The paperwork can wait for after-hours or weekends.

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The Charity CFO

AUGUST 21, 2024

Misaligned goals and priorities: Fundraisers focus on securing funds quickly, while accountants prioritize accurate recording and management. Timing and urgency of information needs: The difference between when a team needs information can cause delays in gathering and reporting accurate financial data. Get the free guide!

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Communication Accounting Nonprofit Budgeting 52

CFO Talks

MARCH 14, 2024

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.

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Prioritization CFO Leverage Risk Management 52

The Charity CFO

DECEMBER 30, 2024

Supportive Work Environment: The organization prioritizes creating a workplace where employees feel valued and supported. As the organizational leader since 2012, he has direct responsibility for the programmatic, financial, and strategic operations of Penn-Mar, including Board development. Book a FREE consultation here.

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Nonprofit Leadership Performance Measuring CFO 52

Michigan CFO

SEPTEMBER 29, 2021

However, if your CFO possesses deep manufacturing experience, then you can better prioritize investments that provide tangible business benefits. Business Strategy Leadership. Organizations can benefit from CFO leadership to become more proactive and less reactive with their business strategy.

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Future CFO

MAY 28, 2020

The next step was prioritization. We prioritized what could and couldn’t be achieved. The team also evaluated the risk on the accuracy of the financial reporting for these activities and focused on key numbers. We also ensured that people have necessary tools to work from home.

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The Finance Weekly

FEBRUARY 8, 2023

He has also held financial leadership roles at Nuance Communications, Wyless, and Mimecast. Hakim previously served as CFO at Sequoia Vaccines and held positions of increasing responsibility at Lundbeck, a Copenhagen, Denmark-based company, ending as the Senior Vice President and Head of Human and Financial Resources for North America.

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CFO Prioritization Finance Communication 52

CFO Talks

MARCH 20, 2024

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. This involves managing risks, ensuring compliance with financial reporting requirements, and mitigating operational and fraud risks.

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CFO Compliance Performance Measuring Education 52

The Charity CFO

MAY 8, 2023

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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Nonprofit Prioritization Communication Planning 52

The Charity CFO

OCTOBER 28, 2024

By prioritizing HR and working with experienced professionals, nonprofits can protect their organizations, support their employees, and focus on fulfilling their missions. Get our FREE GUIDE to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances.

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Nonprofit Budgeting Compliance Prioritization 59

The Charity CFO

JULY 31, 2023

They are responsible for understanding and upholding the policies, ensuring compliance among all stakeholders, and making decisions that prioritize the organization’s best interests. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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Nonprofit Prioritization Compliance Accounting 52

The Charity CFO

DECEMBER 20, 2023

This creates a culture built on a solid foundation for prioritizing, serving, creating sustainability & growth for both the employees and clients. As a bonus, they also offer leadership development and coaching for their clients. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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The Charity CFO

JULY 3, 2023

Check in with them regularly to ensure they understand: How the goals apply to the mission What their role is in achieving the goal How they should be measuring progress Stakeholders, from the board and donors to employees, can help prioritize goals and allow leaders to zero in on the ones that are most critical to success moving forward.

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Planful

JANUARY 11, 2022

In 2018, McKinsey reported that CFOs who didn’t adopt digital innovations like artificial intelligence (AI) were in danger of falling behind their counterparts in IT and marketing. When the COVID-19 pandemic hit two years later, it forced businesses to prioritize digital to stay afloat.

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Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

The Charity CFO

MARCH 2, 2022

A couple things actually, number one, that we’ve alluded to transition in leadership. I don’t know if my financial reports are inaccurate. You’ve seen a lot of financial reports. It’s all of the work that goes into your financial reports, even being ready to be, um, paired, right?

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The Charity CFO

NOVEMBER 17, 2022

By taking the time to assess your current financial situation and map out your anticipated income and expenses for the year ahead, you can make sure that your nonprofit is on track to meet its goals. A well-crafted budget can be a powerful tool for decision-making, helping you to prioritize spending in line with your strategic goals.

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The Charity CFO

AUGUST 15, 2023

To support and maintain the organization’s tax-exempt status, nonprofit accountants have to understand and adhere to IRS rules for: Tax-exempt organizations Reporting requirements Maintaining proper documentation Reporting Financial reports and statements provide a transparent view of the organization’s financial performance.

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The Charity CFO

DECEMBER 22, 2021

Leadership background partner has like a master’s degree, nonprofit management. Mm-hmm it doesn’t feel like, oh, you are always saying, no, you can say like, no, this year, this is what we’re prioritizing, and next year we’re gonna prioritize something else. And she was really struggling.

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CFO Talks

JUNE 7, 2024

The Japanese focus on efficiency and precision in financial reporting—where concise, impactful communication is prioritized—resonated deeply with Fransua. The Role of Mentorship in Shaping Finance Leaders Both speakers discussed the indispensable role of mentorship in shaping the careers of finance professionals.

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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.

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