- Mitigating Risk: Developing Controls that Fit You and Your Business
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- “One-size-fits-all” really only works…when it “fits”. Tailoring is required when buying a suit or developing your business controls. Right-sizing your controls will protect your organization. Developing control activities for your business is no different. If they aren’t right-sized, you will be too vulnerable or too restricted to successfully grow your business.
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Take Assessment Watch Video- CFO Tip for U.S. Finance Leaders: The R&D Tax Credit - A BIG HELP FOR SMALL BUSINESS!
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- In a temporary effort to boost the economy in 1981, the United States federal government passed the Research and Experimentation tax credit to reward businesses for investing in research. This credit is now referred to as the R&D tax credit.
- Accounting & Finance Professionals: One Simple Tip To Get Better Results
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- I came across a joke today that asked “What’s the definition of an accountant?” Answer: Someone who solves a problem you didn’t know you had in a way you don’t understand. I found myself conflicted, part of me wants to defend the accounting & finance profession and part of me actually wants to agree with the joke. So I’ll start with the latter.
Governance & Controls – structure and controls.
Transaction Recording – systems, transaction processing and closing the books.
Reporting - efficient, timely and accurate information for decision making and meeting compliance requirements.
Accounting
Business Planning - provide the financial roadmap for the company with supporting analytics.
Financial Forecasting - integrate the company’s current performance relative to budget with the real-time business environment.
Investment Analysis - the framework to analyze new opportunities as they present themselves.
Finance
Cash Management - the discipline to ensure cash is available to operate the business normally.
Funding - Planning for and raising funds to meet the needs of the business.
Risk Management – Identification and mitigation of key business risks.
Treasury
Self-Awareness - Internal.
Team Building - External.
Strategy & Culture – Motivate people to follow you.
Leadership
Four Pillars of Executive Expertise
CFO.University is built around the Four Pillars of CFO Success. These Pillars are supported with Core Competencies. Our framework allows you to master your role as a senior financial officer. The Four Pillars are made up of:
Accounting – Governance & Controls, Transaction Recording and Reporting
Finance – Business Planning, Financial Forecasting and Investment Analysis
Treasury – Cash Management, Funding (Capital Raising) and Risk Management
Leadership – Self Awareness, Team Building and Strategy & Culture
