Tag Archives: CFO Consulting

Lease Accounting Updates that May Impact Your Business

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). It includes significant departures from its predecessor (ASC 840), applies to both lessees and lessors, and will have far-reaching impacts on many businesses. These impacts will include major changes to accounting practices and financial reporting, as well as increased …

vcfo Austin Team Adds Elbert Johnson, Consulting CFO

The vcfo team continues to expand with the recent addition of Consulting CFO Elbert Johnson. Elbert is a senior finance professional with nearly three decades of experience in financial reporting and analysis, banking and credit relationships, treasury-cash management, profit improvement, budgeting and forecasting, and e-commerce across multiple industries. He is particularly skilled in implementing effective …

Gary Golden Joins vcfo Dallas as Consulting CFO

vcfo is delighted to announce that Gary Golden has joined the vcfo Dallas team as a Consulting CFO. Gary is a finance professional with more than 45 years of expertise in business development, global accounting, and process improvement across multiple industries. With a detail-oriented and results-driven work style, his forte lies in implementing effective cost …

Engaging an Outsourced CFO – Ten Things to Consider

10 Tips to Outsource a CFO | vcfo

Engaging a virtual or fractional CFO as an outsourced resource is an excellent step for companies that need senior-level finance expertise but cannot afford to recruit or engage a full-time CFO. It’s important to ask the right questions to set the relationship up for success. Through our work providing teams of CFOs, controllers, and HR …

Inflation is here. It’s real. It could take you out of business.

US currency on fire, representing The cost of runaway inflation.

This blog is a wakeup call. Inflation is here to stay…without substantial intervention. Intervention isn’t going to happen until those making the calls acknowledge this is not a transitory situation and implement necessary actions to include raising interest rates. However, as you will see outlined below, even that will most likely not tame the monster. …

Tom Schwein, Consulting CFO, Joins vcfo Denver

Tom Schwein joins vcfo Denver team as Consulting CFO

vcfo is pleased to announce that the vcfo Denver team has expanded to include Tom Schwein, Consulting CFO. Tom is a Consulting Chief Financial Officer with more than 25 years of professional financial experience. Tom is a Certified Public Accountant in Colorado and has extensive background in helping companies significantly increase financial and operating performance …

Healthcare Revenue Cycle Management – Where to Start to Get it Right

Healthcare Revenue Cycle Management

Healthcare systems have long been challenged to optimize the collection of payments for the care they provide to patients. As demands on healthcare systems have markedly increased in recent years, so too has the importance of effective healthcare revenue cycle management (HCRCM) practices. Still, surprisingly few organizations have a good handle on HCRCM while most …

Four Key Functions a CFO Adds to the Executive Team

Executive Leadership Team

Forming and growing a strong leadership and executive team is a vital and evolving challenge for business leaders. Deciding on the roles, the levels of experience and the capabilities required on the team depend on both the current stage and planned growth of the company. Financial and strategic expertise will always be a part of …

Updating Accounting and Finance Practices for Growth

Calculating Accounting and Finance Practices for Growth

At start-up and in the earliest stages of operation, most companies understandably approach the accounting and finance side of their business from a basic bookkeeping perspective. As a business grows, however, so too does the need for more advanced accounting practices and financial insight. In most cases, adding responsibilities requiring a higher level of experience …

Due Diligence – A Four-Part Framework for Assessing Your Business

Due diligence is often viewed as the collective assessment checkpoints associated with transactions like mergers and acquisitions or funding endeavors. While these are certainly common pairings, due diligence can also be extremely helpful in assessing the overall health of a business and other factors. Essentially, due diligence is defined as “the investigation or exercise of …