Embracing Proactive Accounting to Mitigate Financial Errors
For decades, finance professionals followed a traditional and somewhat rigid approach. They would create an annual budget, review quarterly reports to find out what went according to plan, and then adjust to promote good financial health. However, this old-school...
2025 Economic Outlook – Webcast Highlights
Controllers Council recently held our annual expert panel discussion, the 2025 Economic Outlook. Our expert speaker, Curtis DuBay, chief economist of the U.S. Chamber of Commerce. Mr. DuBay has researched and published frequently on a wide range of tax and economic...
The Evolving Standards in Accounting Education
There’s an ongoing shortage of accountants. Fewer students are pursuing careers in accountancy, and fewer people are sitting for the Certified Public Accountant (CPA) exam. In 2021, 72,000 people took the CPA exam, whereas just 67,000 sat for the exam a year later in...
Adapting Financial Strategies in 2025 to a World Powered by AI
Calling artificial intelligence a game changer for CFOs and controllers isn’t an overstatement — it’s an undeniable fact. AI technologies can help your organization improve cash flow management, simplify reporting processes, save time, and better support the company’s...
CFO’s on the Move: December 2024
As the year draws to a close, December 2024 marks a period of transition and excitement in the corporate world, particularly for Chief Financial Officers (CFOs) stepping into new positions. Today, Controllers Council will focus on 12 CFOs who accepted new positions...
Making the Leap From Private to Public Company Accounting Roles
Are you preparing to move out of the private sector and step into a public company accounting role? Such a change can be exciting and help you move closer to your long-term career goals. However, it will also come with its own unique set of challenges and...
Recapping 2024’s Sales Tax Changes and Thoughts on 2025
As we put a wrap on what was an incredibly dynamic and busy year, the last thing that most controllers and finance teams want to think about is sales tax. But know that 2024 was busy when it comes to sales tax law changes, and it is worth recapping just a few of the...
Future-Proofing Your Finance Team for 2025 and Beyond
The new year presents exciting challenges and opportunities for you and your finance team. As their leader, it's up to you to ensure they can thrive in the future of finance in 2025 and beyond. Maybe you want to adapt your employees to a hybrid work model, or perhaps...
How to Harmonize Procurement and Accounts Payable – Webinar Highlights
Controllers Council recently hosted a panel discussion entitled, How to Harmonize Procurement and Accounts Payable, sponsored by BILL. BILL is a leading financial operations platform for small and midsize businesses (SMBs). As a champion of SMBs, BILL automates the...
The Role of Controllers in Strategic Workforce Planning
Strategic workforce planning is traditionally viewed as the domain of human resources departments. Not anymore, though. Modern organizations treat strategic workforce planning as an interdepartmental responsibility. This shift has prompted controllers to step into a...
Leveraging Year-End Financial Reports to Shape Next Year’s Strategy
The role of the finance department has shifted from a number-crunching entity to a true strategic asset. To live up to the expectations of the C-suite, your finance team will need to leverage the insights from its financial reports to guide next year’s business...
5 Common Year-End Close Mistakes and How to Avoid Them
The end of 2024 is fast approaching. While it presents an opportunity to assess financial performance and set the stage for the upcoming fiscal year, it also comes with challenges. Even seemingly minor mistakes during this process can lead to costly errors and...
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