Tag Archives: cfo resources

Activity-Based Costing: Improving Cost and Expense Analyses

Activity-Based Costing (ABC) is a special costing model that manages business costs or expenses by identifying activities used for the production of products or services. This model assigns indirect costs, such as overhead, to products or services so as to … Continue reading

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Managing Foreign Operations and Currency Translation

When a multinational corporation based in the United States owns over 50 percent of a foreign entity, the American parent company is typically required to provide consolidated financial statements. This can be a complex process, and this CFO Edge article… … Continue reading

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Getting the Most from an Outsourced CFO Services Provider

When engaging an executive service provider – such as a contracted chief financial officer – it is critical to ensure that the relationship has a firm foundation based on mutual trust, shared understanding of the business challenges the firm faces, … Continue reading

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Incentive Compensation Plans that Work

A carefully designed, well executed incentive compensation program helps a company attract, motivate and reward top-notch employees. It will also sustain a creative, performance-driven work environment, as well as support behaviors that align with the organization’s business objectives, marketing goals … Continue reading

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M&A Planning: Sell-Side Due Diligence

Proactive engagement in sell-side due diligence as preparation for a merger or acquisition is often a step neglected by companies approaching the market. Acquiring companies will conduct their own due diligence, and an acquisition candidate that performs its own comprehensive discovery process will be better equipped to … Continue reading

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Expense Reporting: Web Apps Gain on Spreadsheets

Expense reporting – long seen as time consuming and costly by finance groups and employees alike – is moving to the cloud. The CFO Edge article… Expense Reporting: Web Apps Gain on Spreadsheets …compares and contrasts spreadsheets with web-based expense … Continue reading

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Procurement Cards

Procurement cards – or P-cards – are essentially corporate credit cards employees can use to buy designated products and services without going through the company’s purchasing department to meet pre-approval procedures and paperwork requirements.   This CFO Edge article…  Procurement Cards … Continue reading

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Cash Flow Forecasting

A cash flow forecast, or cash flow projection, is a key element of financial strategy that supports near-term financial processes, overall capital structure and asset valuations. A proactive and systematic approach is required cash flow management, and the cash flow … Continue reading

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Audit Preparation: A Formula for High Return on Audit Investment

If your next audit were a stock you held, how would you characterize the return you’d like to see? You might say high RO(A)I—Return on Audit Investment—would include timely completion, fees in line with expectations, as well as an accurate … Continue reading

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Revisiting Sarbanes-Oxley Compliance

The Sarbanes-Oxley Act (SOX) has brought major changes to the regulation of financial reporting and corporate governance practices. While SOX requirements may seem burdensome, time-consuming and costly – especially when organizations are first developing systems and processes for assessment and … Continue reading

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