Centage

DECEMBER 15, 2022

Why Accurate and Granular or Detailed Financial Reporting is Imperative During Times of Volatility. Which is why today it’s more important than ever to have a strong, accurate financial reporting process so you can make key decisions for your business in the days, weeks and months ahead. Beyond Static Reports.

Financial Reporting 98

Financial Reporting Financial Planning and Analysis (FP&A) Profit and Loss Forecasting 98

CFO Talks

OCTOBER 10, 2024

Finance and Strategy: Making Numbers Work for Your Vision Imagine this: Your company has a fantastic vision—perhaps it’s to dominate a new market, launch a groundbreaking product, or grow your team and profits. It’s about making sure your numbers don’t just add up but drive your company toward its ultimate goals.

Numbers 98

Numbers Finance CFO Leadership 98

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 98

IFRS GAAP Currencies CFO 98

Centage

MARCH 2, 2022

To achieve this, you need a cloud-based financial reporting software that can support frequent forecasting, scenario planning, and reporting. While accuracy in reporting remains a top priority for CEOs, efficiency and speed follow close behind. Financial Reporting & Analytics Made Easy. Learn More.

Financial Reporting 98

Financial Reporting Budgeting Forecasting Data Analysis 98

Global Finance

MARCH 2, 2025

If we think about it, a managerif facing pressure to beat an analyst forecast, or beat last years earnings, or wanting a particular bonushas enough flexibility in the accounting rules to manage those numbers while staying within the rules. You manage your numbers. So, how are we going to track the slippery slope? Horton: Heres one.

Forecasting 111

Forecasting Auditing Accounting Profit and Loss 111

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

PYMNTS

SEPTEMBER 24, 2018

A research firm has discovered that the number of material accounting mistakes made by U.S. listed companies since 2005, finding firms that had to reissue their financials due to errors. public companies has gone up this year. Massachusetts-based Audit Analytics looked at disclosures from more than 9,000 U.S.-listed

Numbers 68

Numbers Accounting Accounting Principles Corporate Finance 68

E78 Partners

MARCH 3, 2025

The IPO market has also seen a resurgence, with 13 IPOs each aiming to raise $100 million or more filed in January 2025 alone , marking the highest number of sizable IPO filings in a single month since early 2022. 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

The Finance Weekly

OCTOBER 27, 2022

The horrors are real when it comes to financial reporting. The worst part is that without the proper technology to help streamline and integrate financial reporting processes, your business will continue to have cascading errors, which will eventually result in the worst of all horrors: performance bottlenecking.

Financial Reporting 52

Financial Reporting Finance Cash Flow Forecasting Forecasting 52

CFO Talks

DECEMBER 5, 2024

Financial reporting: Is it telling the full story, or just what’s easy to measure? Connect Financial Data to Human Behavior Numbers tell a story, but it’s curiosity that brings the story to life. As a CFO, you are in a unique position to question these norms. Look at: Pricing models: Are they still competitive?

Leverage 98

Leverage CFO Financial Data Budgeting 98

CFO Talks

NOVEMBER 25, 2024

Identifying and Overcoming Ethical Dilemmas in Business In the corporate world, numbers might drive decisions, but values define leadership. As a CFO your influence extends beyond financial reports and budgets.

Leadership 98

Leadership Auditing Profit and Loss Compliance 98

CFO Talks

MARCH 5, 2025

Follow standard accounting rules In most industries, this means using IFRS (International Financial Reporting Standards) or IFRS for SME (International Financial Reporting Standard for Small and Medium-sized Entities) to prepare financial statements.

IFRS 52

IFRS Auditing Compliance Financial Data 52

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. Create Detailed, Transparent Reports.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40

The Finance Weekly

FEBRUARY 23, 2025

Automate data collection for consistent reporting. Use integrated FP&A systems to generate detailed financial reports. By following these best practices, businesses can improve financial planning, streamline decision-making, and drive long-term success. FP&A is the foundation of financial stability.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Risk Management 52

Future CFO

MARCH 3, 2025

By 2025, the traditional image of number-crunching accountants confined to back offices will be a relic of the past. Repetitive tasks, such as financial reporting, are increasingly being automated, freeing up finance professionals to focus on strategic initiatives. The finance function is undergoing a seismic shift.

Finance 69

Finance Communication Leadership Profit and Loss 69

Musings on Markets

DECEMBER 11, 2024

The second is valuation , a class about how to value or price almost anything, with a tool set for those who need to put numbers on assets. You may start with the intent of taking a course, but you may not be able to finish for any number of reasons, and if that happens, I completely understand.

Valuation 120

Valuation Corporate Finance Finance Investments 120

CFO Talks

NOVEMBER 21, 2024

My interest in finance was sparked by a fascination with how financial decisions drive both business growth and sustainability. The ability to analyze numbers and translate them into actionable strategies has always intrigued me. It’s essential to learn how to effectively split your day between work and personal time.

CFO 98

CFO Leadership Problem Solving Communication 98

CFO Plans

NOVEMBER 4, 2024

Consider a financial services company that managed to scale its operations by prioritizing cash flow optimization. By employing advanced forecasting tools and real-time financial reporting, they maintained a healthy cash reserve, allowing them to invest in new markets and technologies confidently.

CFO 52

CFO Cost Management Leverage Planning 52

The Finance Weekly

DECEMBER 2, 2024

Problem 1: Using Old and Cumbersome Excel Models Many of us have developed a financial reporting process that uses workarounds for limitations in our ERP software and to ensure we can meet our deadlines without accidentally breaking something.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Data Analysis Financial Modeling 52

The Charity CFO

FEBRUARY 20, 2025

Forget about the numbers for a second. A well-crafted budget is a reflection of your mission and a roadmap to financial sustainability. Engage Department Heads : Involve program managers and department heads in the budgeting process to give them ownership over their areas financial planning. much better. Get the free guide!

Nonprofit 52

Nonprofit Budgeting Prioritization CFO 52

CFO Simplified

AUGUST 14, 2022

Watch Larry Chester, President of CFO Simplified and financial savant explain how to build back a good relationship with your bank so you can be bankable again in the video below. . Produce stable, timely financial reports. There are two numbers that are very important here. . Positive cash flow.

Banking 98

Banking Profit and Loss Financial Reporting CFO 98

The Charity CFO

DECEMBER 23, 2024

Days of Cash on Hand Days of cash on hand: (Average daily operating expenses) / (Current cash and cash equivalents) This represents the number of days an organization can operate without additional cash flow. Number of Beneficiaries Served Example A nonprofit provides educational programs to 500 students in a year.

Nonprofit 52

Nonprofit Numbers Profit and Loss Concentration 52

The Charity CFO

APRIL 12, 2022

Their budget projected a surplus, and they were hitting those numbers. After all, their financial reports showed they had much more revenue than expenses. They were hitting their budget numbers month after month. Why did reality not match up with the numbers in their financial statements ? But why, exactly?

Nonprofit 105

Nonprofit Accounting CFO Accounts Payable 105

CFO Simplified

NOVEMBER 28, 2022

It’s just a bunch of numbers, right? Your inventory value report is actually one of the most important financial documents you have. Because it tells you the value of your inventory at any given time and provides one snapshot of your business’s overall financial health. What is the Inventory Value Report?

General Ledger 98

General Ledger Accounts Payable CFO Reconciliations 98

The Charity CFO

JANUARY 29, 2025

million nonprofits in the United States – nearly double the number from 30 years ago – organizations need to stand out in an increasingly crowded field. Book a FREE consultation here Do You Struggle to Make Sense of Your Financial Statements? If you need help with your accounting and bookkeeping, lets talk.

Nonprofit 52

Nonprofit Leadership Communication Data Analysis 52

CFO Talks

DECEMBER 12, 2024

I enjoy numbers and finances; and I loved accounting at school. I am very passionate about financial and business education and have founded the Ronel Jooste Dream Foundation aiming to bring financial and business literacy to the communities; also helping them to start and grow sustainable businesses.

Leadership 98

Leadership CFO Prioritization Education 98

https://trustedcfosolutions.com/feed/

JULY 8, 2022

Financial Reporting. QuickBooks customers generally agree that QuickBooks is a good tool for financial reporting, but like most tools, it has limitations. Unfortunately, QuickBooks has an upper limitation on the number of concurrent users who can access the QuickBooks Enterprise system, and that number is 30.

Currencies 109

Currencies Compliance Financial Analysis Construction 109

CFO News Room

DECEMBER 16, 2022

Out of all the finance jobs available to college graduates, financial managers are some of the highest-paying, with high demand for workers in this field. Bureau of Labor Statistics, employment numbers for Financial Managers are expected to rise by 17% over the next decade , faster than the average for all occupations.

Finance 130

Finance Budgeting Financial Analyst Compliance 130

The Finance Weekly

FEBRUARY 23, 2022

A study by the University of Baltimore and Excel-based FP&A company, , DataRails , lays out the full economic costs of businesses sticking with manually prepared financial reports. billion is the first number that came out of the research and this represents the total amount of money lost by manual financial work.

Financial Planning and Analysis (FP&A) 83

Financial Planning and Analysis (FP&A) Profit and Loss Budgeting Math 83

CFO News Room

FEBRUARY 2, 2022

FB New Financial Reporting Segment Structure. A bigger user base also makes it easier to attract new users, as people want to be on Meta’s social media platforms because their friends are on it—a classic example of the network effect.

Advertising 130

Advertising Budgeting Forecasting Financial Reporting 130

CFO Talks

NOVEMBER 29, 2024

This early encouragement played a key role in shaping my future, as it introduced me to the world of business and numbers. I quickly realised I had a natural affinity for finance and enjoyed working through financial problems. From that point, I shifted my focus to commerce studies, starting in Standard 7 (Grade 9).

CFO 95

CFO Auditing Leadership Finance 95

CFO Talks

SEPTEMBER 28, 2024

Translating Financial Performance into Tangible Results: A CFO’s Guide In the dynamic world of finance, one of the greatest challenges for CFOs is translating financial performance into tangible results. Understand the Story Behind the Numbers Numbers tell a story, and as a CFO, you’re the storyteller.

Communication 98

Communication CFO Numbers Leverage 98

Musings on Markets

NOVEMBER 1, 2023

First, when you see significant disagreements about what Tesla is worth, those differences come from divergent stories, not disagreements about numbers. In short, Tesla's financial reports, are an illustration of how much expectations can play a role in how markets react to the news in them.

Valuation 124

Valuation Profit and Loss Numbers Sales 124

PYMNTS

NOVEMBER 15, 2020

The pandemic has engendered a number of new obstacles for companies. Having cash flow stats and real-time financial reports for loan submissions available is critical, according to the release, which touted the platform as "easy to use and highly automated.".

Finance 105

Finance Startups Financial Reporting Numbers 105

CFO Talks

MARCH 4, 2025

The same goes for managing moneywithout tracking your numbers, things can go wrong fast. Financial dashboards Real-time insights on sales, expenses, and profits help you spot trends early. Quick Tip: Set up automated financial reports to track income, expenses, and cash flow monthly. Think about baking a cake.

Budgeting 52

Budgeting Forecasting Invoicing Sales 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. number of people served). Book a FREE consultation here Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Leadership Communication Prioritization 52

The Charity CFO

NOVEMBER 3, 2022

The Form W-9, also called the “Request for Taxpayer Identification Number and Certification” is a form used when your nonprofit needs to provide its taxpayer identification number (TIN) to another requesting organization. Box 5 provides a field for the organization’s street number, street name, and interior number.

Nonprofit 98

Nonprofit Numbers CFO Accounting 98