CFO Talks

NOVEMBER 21, 2024

First and foremost is financial acumen—understanding financial reporting, budgeting, forecasting, and compliance is foundational. As a CFO, you will need to manage and inspire teams, work with other executives, and communicate financial insights in a way that non-financial stakeholders can easily understand.

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CFO Leadership Communication Problem Solving 98

Planful

OCTOBER 25, 2016

Another panelist highlighted their investment in inventory, as well as managing growth in the business. How do you balance the core responsibilities of Finance with risk management? Making timely, relevant, and accurate data available across the business is critical to effective decision-making and risk management.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

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

Future CFO

SEPTEMBER 2, 2024

For example, AI automates risk management and cash forecasting processes using machine learning to generate more accurate and timely predictions,” he elaborates. Finance teams should establish a framework that incorporates regulatory requirements into their AI systems, utilising automated compliance checks and reporting tools.

Compliance 116

Compliance Leverage Forecasting Risk Management 116

CFO Talks

NOVEMBER 29, 2024

When you’re young, focus on deeply understanding the core accounting principles, financial reporting, and regulatory compliance. How do you balance your personal and professional life? Work-life balance varies greatly depending on one’s stage in life and family responsibilities.

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CFO Auditing Leadership Finance 95

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. All involving Excel data manipulation.

Financial Planning and Analysis (FP&A) 52

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

The Finance Weekly

JANUARY 19, 2025

AI in financial planning uses important technologies like: Machine Learning (ML) - AI learns from data and makes better predictions over time. Natural Language Processing (NLP) - AI understands and processes human language, making it easier to analyze financial reports and documents.

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Planning Analyzing Data Financial Data Risk Management 52

Future CFO

JUNE 12, 2024

“Depending on an organisation’s environmental/social footprint, an ESG team or dedicated senior member is generally appointed to ensure that the organisation’s enterprise risk management adapts to the regulatory landscape,” he continues. This will improve consistency and comparability amongst organisations.

Compliance 98

Compliance IFRS Risk Management Finance 98

Future CFO

AUGUST 1, 2023

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

Future CFO

JULY 21, 2024

The finance team can make this possible through the management of associated risks with AI, as it plays a greater role in the accounting and financial reporting of businesses. Technology has long been a game-changer for accounting. However, it is not without its challenges, hype and shiny new things to do."

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

The Charity CFO

DECEMBER 23, 2024

Human Resources Management : Assistance with hiring, onboarding, performance management, and compliance. Risk Management and Compliance : Help with workers’ compensation, safety programs, and staying compliant with labor laws. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit Compliance CFO Risk Management 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.

Financial Planning and Analysis (FP&A) 98

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

CFO Talks

FEBRUARY 27, 2025

Businesses that engage in unethical practices may gain short-term profits, but they risk losing their reputation, which can take years to rebuild. b) Legal Compliance and Risk Management Companies must follow laws and regulations to avoid legal penalties, fines, or even criminal charges.

Leadership 52

Leadership Profit and Loss Communication Accounting 52

Future CFO

FEBRUARY 27, 2024

Hence, mature ESG-compliant organisations tend to adopt integrated reporting and management platforms, that can seamlessly connect with business systems across the organisation, as well as bring in external market intelligence to drive greater efficiency, consistency, and accuracy in the financial reporting, GRC, and ESG metrics.

Leadership 98

Leadership Compliance Financial Reporting Economics 98

CFO Plans

OCTOBER 15, 2024

Adhering to ethical standards and regulatory norms builds trust with stakeholders and mitigates risks. In this dynamic environment, maintaining transparency and integrity through financial compliance is paramount. Engaging in CFO compliance consulting can provide invaluable insights into effectively managing these risks.

Compliance 52

Compliance CFO Startups Risk Management 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.

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CFO Auditing Compliance IFRS 83

CFO Plans

SEPTEMBER 24, 2024

Integration with other business tools ensures financial management remains seamless and efficient, allowing startups to focus on growth without getting bogged down by administrative tasks. Startup Financial Advisory for Strategic Growth Navigating the complexities of business growth often requires tailored financial advice.

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Startups CFO Financial Analysis Risk Management 52

CFO Selections

MAY 22, 2024

As CFOs, we have a full plate of responsibilities for financial reporting, planning and analysis, and risk management. To us, these types of phrases just sound like more of the same – another overhyped management consulting fad based on a Harvard Business Review article.

Management Consulting 52

Management Consulting CFO Risk Management Finance 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.

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Finance Budgeting Financial Analyst Compliance 130

Future CFO

JULY 23, 2024

This is the view of Georgeta Elena Precup (Moran), CPA,CGMA , Operating Partner - Acting CFO, Advisory at Beyond Podiatry , emphasising how CFOs occupy a unique vantage point, overseeing not only financial health but also strategic planning , risk management, and corporate governance.

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Auditing Communication CFO Strategic Planning 59

Future CFO

AUGUST 23, 2022

These days, at least in Asia, sustainability responsibilities appear to be more closely associated with a Chief Financial Officer (CFO). Lim opined that with the level of scrutiny over ‘non-financial’ and ‘financial’ reporting on the rise, corporates need buy-in and support from the Board to push the sustainability agenda.

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Auditing CFO Finance Treasury 98

CFO Talks

OCTOBER 25, 2023

It identifies 34 competencies structured within the four general roles of a CFO: Steward This role focuses on accounting, control, risk management, and asset preservation. It involves goal setting, strategic risk management, and a holistic perspective of the organization.

CFO 52

CFO Leadership Risk Management Strategic Planning 52

CFO Talks

OCTOBER 8, 2024

While some team members may be proficient in traditional accounting practices, others may excel in data analytics, risk management, or even tech-driven financial innovations. As CFO, you need to articulate a clear financial vision that transcends individual tasks and roles.

Finance 98

Finance Problem Solving Communication CFO 98

Future CFO

DECEMBER 31, 2021

Here are the five most important skills identified: A strong understanding of risk management The ability to use new software or technology The ability to communicate complex financial information to different stakeholders A strong understanding of financial best practices The ability to collaborate with colleagues from other functions.

Leadership 98

Leadership Finance GAAP Forecasting 98

CFO Plans

SEPTEMBER 24, 2024

This accessibility ensures that business owners and financial advisors can collaborate seamlessly, leading to more effective financial planning and tax strategy formulation. Imagine reviewing your financial reports while on a business trip, ensuring you never miss a critical update.

Tax Planning 52

Tax Planning Compliance CFO Risk Management 52

Centage

JUNE 7, 2022

However, these days, chief financial officers do a great deal more than financial reporting. Along with tracking cash flow and providing timely information, the best CFOs are strategizers, analyzing a company’s strengths and weaknesses from a financial perspective and helping direct decision making.

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CFO Forecasting Data Analysis Budgeting 97

Future CFO

MAY 5, 2024

CFOS can do this by taking steps in their organisations to manage the associated risks with AI, as it plays a greater role in the accounting and financial reporting of businesses. Financial leaders and controllers will have to be confident about the adequacy of oversight and controls of AI systems.

Risk Management 52

Risk Management Leadership Auditing Finance 52

Beacon CFO Plus

NOVEMBER 30, 2023

Define Roles and Responsibilities: The CFO typically focuses on financial strategy, planning, and management, while the accounting firm handles compliance, audits, and financial reporting. They should work in collaboration with the accounting firm to ensure that financial strategies are feasible and compliant.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

Future CFO

MAY 21, 2020

A Dow Jones Intelligence survey of 500 finance executives affirm what we know today – there is greater demand on the CFO to participate in strategic business decision-making, as well as a more diverse types of business and operational risk management.

CFO 52

CFO Auditing Risk Management Budgeting 52

Future CFO

JANUARY 15, 2024

The talk on standards and reporting on environmental, social, and governance (ESG), which refers to the factors that investors measure when analysing an organisation's sustainability efforts from a holistic view, is becoming louder and louder in the market. Strategies must then also be aligned with the trends coming in in terms of ESG.

Risk Management 52

Risk Management Compliance Valuation Finance 52

PYMNTS

OCTOBER 29, 2018

Thirty-seven percent of CFOs extensively use advanced analytics for financial reporting purposes , and even fewer use analytics technology for their budgeting and forecasting operations, risk management and cost reduction analysis.

CFO 58

CFO Corporate Finance Risk Management Finance 58

CFO Leadership

OCTOBER 10, 2023

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Accounting 95

Accounting Finance Auditing IFRS 95

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.

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CFO Risk Management Leadership Communication 52

CFO Talks

OCTOBER 22, 2024

Regulatory Risk : The South African regulatory environment is evolving, and staying compliant with changing laws is essential. Make sure you’re up to date with any changes to tax, labor, or financial reporting regulations. Assessing the Reward Every risk has the potential for a reward.

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CFO Risk Management Education Communication 52

CFO Talks

JUNE 7, 2022

Steward Role & Competencies: Accounting, control, risk management and asset preservation are the proficiencies of the Steward. The Steward must ensure company compliance with financial reporting and control requirements. Competencies include: Working knowledge of risk management, budget, and forecasting tools.

CFO 52

CFO IFRS Risk Management Leadership 52

CFO Share

MAY 23, 2024

CFO responsibilities include: Managing cash flow, Assessing financial risks, Reporting financial results, Forecasting future performance, Supporting decisions with crucial data and analysis, and Setting strategies that align with long-term business goals. You can learn more about fractional CFOs here.

CFO 52

CFO Risk Management Cost Management Forecasting 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.

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CFO Problem Solving Budgeting Financial Systems 52