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 …
Tag Archives: operational advice
08
Jul
Jul
Running a business requires a focus on many external forces, such as market and consumer behavior changes, labor markets, cost and pricing adjustments, capital needs, and more. Internal resources are best utilized by making sure the right people are in the right roles, systems are being properly utilized, and processes are as efficient as possible. …
16
Jun
Jun
DE&I Implementation – Good Intentions vs. Strategies that Drive Results The vcfo team regularly meets with leaders to understand their business challenges and opportunities and how we can help to navigate them successfully. Our conversations are usually broad and focus on the why and how of their businesses. These interactions often lead to discussions about …
01
Jun
Jun
This article was co-authored by Teresa Foltz, vcfo Houston Senior People Operations/ HR Consultant, and Paul Hagerty, vcfo Dallas Senior People Operations/ HR Consultant. Outsourcing HR – 8 Benefits of Virtual or Fractional HR Leadership Employees have always been a company’s most important asset, but the events of recent years have driven that point home …
31
Mar
Mar
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 …
03
Feb
Feb
When I served as a panelist for the webinar, “Budgeting Basics: How to Build a Strong Budget,” we discussed a variety of topics, including how budgets affect profitability, when to start building next year’s budget, planning frameworks and the company stakeholders who need to be involved in the process. One vital aspect of budgeting is …
27
Jan
Jan
The Perils of Inflation Since our formation in 1996, vcfo has helped our clients through a number of booms and busts (.com, semiconductors, Real Estate, Energy, etc.), total economic melt downs, (2000, 2008), terrorist attacks, pandemics (bird flu, swine flu, coronavirus), natural disasters (fires, earthquakes, hurricanes and floods), and geo-political tensions and disruptions. Now, our …
03
Dec
Dec
This post was co-authored by Cristina Silingardi, Vice President with vcfo, and Donna Zinsmeyer, Director of Operations with vcfo. 7 Leadership Practices that Make a Big Difference for Employees and Organizations As we have celebrated our 25th anniversary this year, we have also looked back at leadership practices that helped to make it possible. It is …
30
Sep
Sep
This post is co-authored by Carter Freeman and Mike Wilfley. As vcfo celebrates 25 years of making companies stronger, we also celebrate the new and emerging entrepreneurs and leaders that continue to start and build the businesses of tomorrow. Being a firm of this age, comprised of professionals with deep careers at the highest leadership …
23
Sep
Sep
The Importance of Management Team Composition in a Time of Instability Business leaders are facing an unpredictable environment in which challenges and opportunities are constantly shifting in degree, frequency, and intensity. CEOs are navigating their businesses through an era in which technology is remaking the very foundation of business, while also facing intensifying turmoil in …