ASC 842 Roundtable Discussion: How to Ensure Compliance Throughout Day 2
Without a firm grip on your leases, you will likely have trouble sustaining accurate lease data. This puts your business at risk of misreporting company lease information to comply with ASC 842, which can lead to increased audit fees and fines, legal action and more. ...
Controller/CFO KPIs: Current Accounts Payable
Controllers and CFOs are critical to the success of their organizations. These professionals can guide decision-making and protect the continuity of a business by providing actionable insights into its financial health. One way that CFOs and controllers convey these...
What Controllers Need to Know About the 2023 Changes to Depreciation Rules
Depreciation is a critical aspect of tax planning for businesses, and changes to depreciation rules can have a significant impact on a company's bottom line. In 2023, there are several changes to the rules of depreciation that finance executives need to be aware of....
5 Tax Changes Controllers Should Be Aware of in 2023
As we enter the new year, it's essential for controllers and CFOs to stay informed of the latest tax changes and how they will impact their businesses. With the new year come new tax laws, regulations, and policies that finance executives must be aware of to ensure...
5 Finance Executives Share Advice for Finance Career Seekers
Meet the Controller/CFO interview series includes Financial Controllers, Chief Financial Officers (CFOs), and related executive titles with a focus on career advice, roles, and responsibilities, and ultimately “secrets to success”. Take a look at what some of our...
Are IT Departments Obsolete?
With cybersecurity breaches and mass migration to cloud-platforms, IT departments might be more important than ever. But depending on company size and industry, IT departments could also be outsourced? Recent Controllers Council studies identify that corporate...
2023 Economic Outlook – Webcast Highlights
Controllers Council recently held a webinar on 2023 Economic Outlook, sponsored by Allianz Trade. Our speaker, Dan North, is a Senior Economist North America for Allianz Trade. He's been with Allianz since 1996, and he's used macroeconomic analysis to help manage...
Controller/CFO KPIs: Working Capital KPI
Controllers and CFOs play a vital role in guiding corporate strategy. The best business decisions depend on data, and these financial workers rely on company data to develop a set of key performance indicators (KPIs) that drive the organization forward. One of the...
7 Ways to Boost Business Liquidity
Liquidity refers to how readily you can convert your business assets into cash. It’s an important financial attribute that can be measured using one of three liquidity ratios. High liquidity can protect you during an emergency and give you the funding you need to...
What Is Liquidity in Accounting?
No matter your industry, you need cash to stay in business, especially during periods of economic instability or inflation. Liquidity is a way that companies measure their ability to gain access to cash to cover short-term obligations. Here’s a deep dive into the...
How Finance Can Adapt to Lean Times – Webcast Highlights
Controllers Council recently held a webinar on How Finance Can Adapt to Lean Times, sponsored by eFileCabinet. eFileCabinet is an all-in-one document management software solution that enables businesses to run with more power and efficiency from automation and...
Why Cybersecurity Is Important to Finance
What is your company’s cybersecurity plan? According to recent data, only 50% of U.S. companies have a cybersecurity plan in place. Of those that do, only 32% have updated their plan since 2019. Financial personnel and CFOs should take a proactive stance regarding...
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