A CFO manages all a company’s financial operations- past, present and future. In most cases, they are considered second-in-command to the CEO. CFOs bridge the gap between technical financial information and business strategy. Most CFOs have a deep understanding of...
Why An Outsourced Controller Is Good For Your Business As your company grows, things get complicated. More cash is coming in, which is good — but understanding what is really happening within your company’s walls and planning for the future can be more...
In the early 2000s, several well-known accounting scandals rocked the business world. Enron, Tyco, and Worldcom were a few of the biggest names. Lawmakers enacted the Sarbanes-Oxley Act of 2002 in response. SOX increased management’s responsibility for financial...
Money is a prime area in which wrongdoing and misconduct can occur. Because of this, there are pages of regulations that companies must follow — or otherwise face penalties. Most of these rules come down to the accurate reporting of financial information. To ensure...
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.). There are four main financial reports — also called...
A good accounting system makes running your business so much easier, yet implementing a new accounting system is no easy feat. It can take anywhere from months to years. The implementation process is also ripe for errors if not planned correctly. Consequently, you...
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