This is the third of a series of three short newsletters on how to stay ahead of finance process issues and prevent these challenges from becoming more significant problems. Each newsletter has addressed a different aspect of these challenges: Producing Data, Garbage In, Garbage Out, and The Audit: Don’t Get Scared, Get Organized (today’s topic). As noted… Continue reading Part 3 of 3: Building a Stronger Financial Management Process: The Audit: Don’t Get Scared, Get Organized
Category: Newsletters
SEC Modernizes Disclosure for Banking Registrants
Announcement of Final Rule On September 11, 2020, the Securities and Exchange Commission announced that it has adopted rules to update and expand the statistical disclosures that bank and savings and loan registrants provide to investors, in light of changes in this sector over the past 30 years. The rules also eliminate certain disclosure items… Continue reading SEC Modernizes Disclosure for Banking Registrants
Part 2 of 3: Building a Stronger Financial Management Process: Garbage In, Garbage Out
This is the second of a series of three short newsletters on how to stay ahead of finance process issues and prevent these challenges from becoming more significant problems. Each newsletter addresses a different aspect of these challenges: Producing Data, Consuming or Using Data (today’s topic), and Preparing for and Managing the Audit. As noted… Continue reading Part 2 of 3: Building a Stronger Financial Management Process: Garbage In, Garbage Out
Newsletter: Cash Forecasting
Cash forecasting, always important, becomes even more highly critical during times of economic disruption. Here are some key points to consider for an effective process: 1. Use a segmented approach to avoid over forecasting cash inflows. Consider customer segment, size, and seasonality – tax time could drive slower payment behavior for all types of clients.… Continue reading Newsletter: Cash Forecasting
Crisis Leadership – What To Do Now?
At CFO Consulting we serve the needs of Boards of Directors, CEOs and CFOs. We provide senior-level C suite and Board services to small and mid-sized public and private companies. In this current environment of the COVID-19 pandemic, we are focusing on helping Executive Management and Boards navigate through this crisis. The following presents some… Continue reading Crisis Leadership – What To Do Now?
Part 1 of 3: Building a Stronger Financial Management Process
A strong finance team is critical to the success of any company. Sometimes, however, financial results are late, incorrect, or not issued at all due to problems in finance processes. For a smaller business, with just a few accounting and finance resources, staff turnover can instantly highlight any process weakness. This is the first of… Continue reading Part 1 of 3: Building a Stronger Financial Management Process