Outsourced CFO Services: Your Key to Efficient Financial Management and Planning
CFOs bridge the gap between technical financial information and business strategy. Most CFOs have a deep understanding of accounting and finance, yet also be an adept manager. They typically have an extensive background in these functional areas, as well as qualifications such as a CPA license or CFA designation.
Compliance in Accounting: What Does it Mean and Why is it Important?
To ensure your financial reporting is accurate, you need to have clear processes and procedures for recording and verifying revenues, expenses, assets, and liabilities. Keeping in line with these rules is called compliance. Although there are many sources of accounts and finance regulations and laws, we’ll discuss two of the primary ones in this article.
Financial Reporting: Each Financial Statement Explained
Financial reporting is a vital accounting process that communicates your company’s financials to internal stakeholders (management) and external stakeholders (customers, investors, lenders, regulators, etc.).
10 Step Guide to a Successful Accounting Systems Implementation
You need to treat your accounting systems implementation as a full-stop business project. By following a proven process, you can maximize your implementation speed and accuracy while minimizing disruption to your business.
Financial Projections and Analysis
Financial projection and analysis is an internal process that helps a company explain their most recent earnings and growth (or lack thereof). The financial data can then be extrapolated upon to more accurately anticipate (forecast) what is to come and what actions need to be taken to reach the charted destination.
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