The Ledger

CFO Magazine: Technical Accounting: The CFO’s Secret Weapon

“Sophisticated CFOs not only understand the value of technical accountants to accurately account for decisions made, they partner with them to provide proactive guidance for the decisions yet to be made. Here, accounting can drive desired financial outcomes, while navigating away from the unanticipated, but all too common, accounting accidents.”

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Automation World: Practical Advice to Increase Manufacturing Profitability

“With small and mid-size manufacturers, there is a tremendous need for accountants to move beyond financial reporting and budgeting for control to help every area of the business understand and improve the monetary impact of operations on profitability—whether it is in manufacturing, warehousing, marketing/sales, or personnel. The function most often missing from the accounting repertoire is creating information for internal decision support. Why? First, because it is barely taught in accounting curricula; and second, because most accountants start out in auditing and auditors don’t care about internal decision support, only external financial reporting.”

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SF Magazine: Tech Trends to Watch

“The rate of change in technology today is exponential. The future will only get faster. Faster, better, and cheaper technology solutions will always be there to distract you. Resist the temptation and the hype; this helps you avoid the trap of buying new technologies because “everyone else is doing it.” Not only can it be costly if you have to rip and replace systems, but it can expose your organization’s priceless data and systems to great risk.”

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CFO Dive: 4 cost management mistakes for CFOs to avoid in 2021

Gartner analysts highlighted four of the most common mistakes CFOs make as they narrow their focus on cost optimization amid a prolonged economic downturn:

1. Making blanket cuts with unrealistic targets
2. Failing to sustain behavior change
3. Slowing down the organization
4. Choking off innovation

Read More at CFO Dive >