Accounting: Controls, Recording & Reporting

One of the core CFO responsibilities, accounting is critical in measuring the performance of your business and gauging its financial position. KRM’s expert team will help you implement effective systems for recording and reporting key data and install robust controls for assurance.

The First 100 Days of a Successful CFO

You just accepted your first role as a Chief Financial Officer. Congratulations! You have made it to the top of your profession. There is a good chance you have a post graduate degree or two, professional certifications that give you expert status in specific disciplines and more than one non-profit or professional association has benefited from your presence. It’s been hard work getting qualified for…

Posted by Steve Rosvold on .

Why Give More than We Take?

We work our whole life to acquire things. Yet, when our physical being perishes we go empty handed. I guess that is what drives many of us to believe in an afterlife. When we die our legacy in this life becomes the yardstick we are measured by. Most of us hope our legacy includes being remembered as a giving person. My concept of a giving…

Posted by Steve Rosvold on .

Why Failure Isn’t About Losing

Will you join me in discussing some problems I have with the way we interpret the word failure?  Failure is a noun defined by the Merriam-Webster dictionary as: 1. omission of occurrence or performance 2. lack of success 3. a falling short 4. one that has failed The term failure as used in business, sports and relationships is almost always associated with a bad happening. …

Posted by Steve Rosvold on .

CFO Success Series: Managing Key Resources

To build our future we must invest in the present. Last week I had a conversation with colleagues about the value of an audit. It made me reflect on how the really good businesses I know surround themselves with the skills they need. They are rarely at a loss for getting great advice on a topic critical to their success. If they don’t require a…

Posted by Steve Rosvold on .

CFO Success Series: For Best Results, Business Development Should Be Symmetrical

The majority of middle market companies started as small, conservative enterprises. As they grew many employees continued to wear several hats and perform multiple tasks within the organization. It may be just fine for a small business to have their receptionist double as their accounts payable clerk. However, if you plan to grow your business, you will want to fill the roles of accounting, finance…

Posted by Steve Rosvold on .

The Defining Attributes of a Successful CFO: Leadership

Leadership seems to be one of those traits defined by “You know it, when you see it.” I have met a CFO who was the brightest lightbulb in the room but could not lead their business to the light switch. I have also met a CFO who didn’t seem to work that hard and wasn’t a rocket scientist but was able to move mountains in…

Posted by Steve Rosvold on .

The Defining Attributes of a Successful CFO: Accounting

Do your Recording and Reporting systems lend transparency to your business? Is your corporate structure and governance process in line with your size, goals and culture.  In this first segment on our Series: The Defining Attributes of a Successful CFO, we explain the importance of Accounting, as a key pillar in the house of the Chief Financial Officer. 1. Recording: Record keeping and closing the…

Posted by Steve Rosvold on .

Innovation Can’t Thrive Without These Fundamentals in Place

Sound business systems precede innovation. Before innovation can be a catalyst to business growth strong business practices must exist. Innovation, the process by which an idea or invention is translated into a good or service, is a critical component of growth in many businesses.  Innovation relies on creativity, exploration and freedom. Frequently these characteristics are regarded as the opposite of discipline, control and structured process. However,…

Posted by Steve Rosvold on .

Assessing The Health Of Your Business: The Art And Science Of Accounting

It pays to do things twice in accounting. Italian friar Luca Piacoli established that when he published the first book on double-entry bookkeeping in 1494. The practice is still being used today. Like Piacoli, who was well versed in a wide range of subjects, the art and science of accounting is all about timing and balance. Double-entry bookkeeping, which requires two-sides to every journal entry,…

Posted by Steve Rosvold on .

Do What You Do Best, and Outsource the Rest

Business process outsourcing – You are doing it already. Don’t be intimidated when you hear the term BPO, or business process outsourcing, bantered about at your next business meeting. You are doing it already. If you have an accountant do your taxes, an attorney help with documents or an advisor for your benefits plan, you are already using BPO services.

Posted by Steve Rosvold on .

Contact Us