Tag Archives: financial

What Are the Top Ten CFO Responsibilities?

As the Chief Financial Officer (CFO) of your company, you are responsible to the company’s Board of Directors for all accounting and financial matters. You must establish company-wide objectives, policies, procedures, processes, programs, and practices to assure the company of a continuously sound financial accounting structure. Surely the CFO responsibilities are described in your CFO Job Description, right? What Are the Top Ten CFO Responsibilities? Continue reading What Are the Top Ten CFO Responsibilities?

What Are Reports and Financial Statements Prepared by Accountants?

Required income tax returns can be prepared more easily from financial reports that are classified in a comparable manner. A tax practitioner is usually retained to prepare and file these returns. The reports most commonly requested of the company are the general ledger and related financial statements. What are reports of financial statements prepared by accountants? Continue reading What Are Reports and Financial Statements Prepared by Accountants?

What Is an Accounts Receivable Policy Manual?

The purpose of your Accounts Receivable Policy, found in our Accounts Manuals Template, is to document the financial principles and policies governing your company’s accounting and collection practices. Your Accounts Receivable Policy Manual and associated accounting procedures are intended to satisfy the documentation requirements for an Accounting Management System. What is an accounts receivable policy manual? Continue reading What Is an Accounts Receivable Policy Manual?

What is the Difference Between Bookkeeping and Financial Accounting?

The two important terms “accounting” and “bookkeeping” are easily confused. What are they, how do they interrelate, and how do they interface with accounting methods, policies and procedures? What is the difference between bookkeeping and financial accounting?

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What Financial Software Tools Does a CFO Use?

Chief financial officers (CFOs) must go beyond conventional finance functions in today’s business environment and become guardians of a company’s digital transformation. They’ll need to use a variety of SaaS tools, including artificial intelligence (AI), machine learning (ML), and blockchain, to do so. What financial software tools does a CFO use? Continue reading What Financial Software Tools Does a CFO Use?

What are Three 3 Behavioral Signs that Your Employee Has a Gambling Problem?

Many companies overlook the issue of having a problem gambler in the office. This often seems like something distant. Besides, employees’ personal life typically shouldn’t affect their work lives. Yet, with gambling addiction, the situation is a bit different. When someone is a problem gambler, this serious issue will affect various aspects of their life, including their professional performanceWhat are three 3 Behavioral signs that someone may have a gambling problem? Continue reading What are Three 3 Behavioral Signs that Your Employee Has a Gambling Problem?

How a Financial Control System Gets Results

With the implementation of the Sarbanes-Oxley Act (SOX), finance and accounting departments have scrambled to put in place internal control systems as required by SOX section 404. Compliance with SOX and SEC regulations are certainly good reasons for companies to create a financial control system.

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Automating Finances Should Be a Part of Your Management Overhaul

Automation tools are used to improve efficiency, productivity, and overall performance throughout a company. Using these tools to drive a seamless operation is steadily rising as one of the most popular business strategies for business process improvement. That is why automating finances should be a part of your management overhaul. Continue reading Automating Finances Should Be a Part of Your Management Overhaul

How Do You Use a Balanced Scorecard?

Must all segments of your business operate effectively for your business to be truly successful? Some businesses survive in spite of poor performance in some segment(s), which is actually being carried by the performance of another segment. In other words, when one segment is not productive, other segments must be even more productive to compensate for it. If this is the case, then you could use a balanced scorecard to achieve strategic alignment. Continue reading How Do You Use a Balanced Scorecard?