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Posts tagged Cfo Consulting
Two Sets of Books for Revenue Recognition
It is not too soon for non-public entities to be evaluating the impact of ASC 606 on their financial reporting and other aspects of their business. It is recommended that businesses undertake and impact assessment and develop an implementation plan and budget. Allowance should be made for additional resources that will be required to meet the disclosure requirements including the requirement to keep “two sets of books” in the initial reporting period.
Categories: Finance, Finance Consulting, CFO Consulting
Tags: strategic planning,financial strategy,cfo consulting,financial consulting firms,operational advice,revenue recognition
Do You Need a CFO?
I often get asked by my peers if their company needs a CFO and it’s not surprising for CEOs with good controllers and accounting managers to struggle with it. The lines between unique skill sets are blurred in many companies; however the differences are important and should not be overlooked. This post explains four key job responsibilities of CFOs and highlights red flags, which are helpful for deciding if it might be time to consider hiring a full time or part time CFO.
Categories: CFO Consulting, Executive Placement Consulting
Tags: strategic planning,cfo consulting,hiring manager,recruiting candidates,recruiting firms,hiring,executive leadership,operational advice
The First Question Every Consultant Should Ask
Every strategic initiative or consulting engagement involving CFO services should start with one simple question: why are you in business? This post explores why this question is critical and how it can influence your strategy and management processes.
Categories: Finance, CFO Consulting
5 essential steps for navigating seafood business marketplace uncertainties
A confluence of factors, including changing ocean conditions and intense international competition all beg the question of what seafood businesses can do to stay strong in the face of rapid environmental changes and shifting marketplace considerations.
Categories: Finance, CFO Consulting
Tags: financial strategy,cfo consulting,risk mitigation,measuring success
Top Blogs of 2016
Here's a year in review with our best blogs of 2016.
Categories: Human Resources
Tags: executive leadership,strategic planning,financial consulting firms,cfo consulting,small business management,measuring success,entrepreneurship,risk mitigation
How suppliers can prepare for aircraft manufacture cost-cutting demands: 5 key steps
2016 has been a choppy year for major aircraft manufacturers, characterized by intense pricing competition. Read about 5 keys steps suppliers can take to offset the financial impact of longer billing cycles and other cost-cutting demands.
Categories: Finance, Finance Consulting, CFO Consulting
Tags: financial strategy,cfo consulting,financial consulting firms,risk mitigation
6 Ways Restaurants Can Avoid Unnecessary Credit Card Processing Costs
Credit card processing could be costing your business more than what you would imagine. This blog is a quick guide to protecting your revenue and profits from such transactions.
Categories: Finance Consulting, CFO Consulting
Tags: strategic planning,executive leadership,cfo consulting,financial strategy,cfo outsourcing
Build the Best Budget for Your Business
Is your company using the right type of budget? Learn the pros and cons of the top budgeting methodologies.
Categories: Finance, CFO Consulting
Tags: cfo consulting,financial consulting firms,financial strategy,cfo services,cfo consulting services,top financial consulting firms
Recruiting Millennials
As members of another generation, whether you’re a Baby Boomer or part of Generation X or Y, interacting with the Millennial Generation may require using new communication methods. To connect effectively with millennials, we have to understand and adapt to their TFC: Traits, Formalities, and Channels.
Categories: Recruiting, Human Resources, Executive Placement, Recruiting Consulting, Human Resources Consulting, Executive Placement Consulting
Tags: executive leadership,hiring,cfo consulting,recruiting firms,job seekers,recruiting candidates,hiring manager
What you need to know about accounting for Digital Currency
Sharon Foster, a consulting CFO for vcfo Austin, explains how to account for transactions using bitcoin.
Categories: Finance, Finance Consulting, CFO Consulting
Tags: financial strategy,cfo consulting,financial services,cash flow management
Considering international sales? Five questions to help balance credit risks and competitiveness
Bill Schwartz, Consulting CFO at vcfo, discusses credit risks of international sales and addresses five critical questions and considerations for optimizing risks versus rewards for your business.
Categories: Finance, Finance Consulting, CFO Consulting
Tags: financial strategy,strategic planning,cfo consulting,financial consulting firms,financial services
Celebrating 20 Years of Service
Ellen Wood, CEO and founder of vcfo, discusses how vcfo has been able to make companies stronger over the past 20 years.
Categories: About vcfo
Tags: small business,executive leadership,financial consulting firms,small business management,cfo consulting
Cash Preservation
Sharon Foster, a consulting CFO for vcfo Austin, discusses the importance of cash preservation, especially for growing businesses.
Categories: Finance, Finance Consulting, CFO Consulting
Tags: financial strategy,financial consulting firms,small business management,financial services,cfo consulting
Complexity vs. Simplicity: Knowing the Audience for Your Valuation
Guest blogger, Austin Mongan, provides insight on the importance of knowing the audience for your valuation.
Categories: Finance
Someday I’ll Be A Unicorn
Josh Tabin, vcfo’s Houston Managing Director, discusses why chasing market share for the sake of owning a market is folly and 4 ways to avoid a path to ruin.
Categories: Finance, Finance Consulting, CFO Consulting
Tags: strategic planning,financial strategy,cfo consulting,financial services
Top 8 Things CFOs Should Ask Before Year-End
As we near the end of 2015, many CFOs have been focused on critical Q4 initiatives, such as budgeting, forecasting and completing financial projects. But are you ready for 2016? With the new year right around the corner, Consulting CFO Rose Turner shares 8 questions you should ask before year-end.
Categories: Finance, Finance Consulting, CFO Consulting
Expense Planning: Understanding the Sensibility of Cash
Recently, vcfo hosted the webinar, “Expense Planning: Understanding the Sensibility of Cash.” Managing Director Josh Tabin covered a variety of topics, including expense characteristics, where expenses are found, expense types for planning and planning methodologies.
Categories: Finance Consulting, CFO Consulting
Tags: financial consulting firms,cash flow management,cfo consulting,financial strategy
Demystifying the Balance Sheet
When it comes to painting the picture of a company’s financial condition, revenue and earnings are just part of the picture. Often referred to as a snapshot of a company’s health, the balance sheet discloses what an entity owns or controls, what it owes and what the owners’ claims are at a specific point in time.
Categories: Finance, Finance Consulting, CFO Consulting
Tags: small business management,strategic planning,financial strategy,cfo consulting
Cash is King: How to Manage Cash Flow
For many companies, sound management of cash flow can be the key to successful financials. Josh Tabin, vcfo Managing Director, provides tips to help you keep your bottom line positive and minimize the stress associated with receiving or billing out funds.
Categories: Finance, Finance Consulting, CFO Consulting
Tags: cash flow management,financial strategy,cfo consulting
Why Companies Implement a SaaS Model
As tighter capital budgets demand leaner alternatives, it is no surprise that SaaS adoption continues to rise within the enterprise application markets. Seattle Technology Practice Manager John Brenneman provides an overview of SaaS and outlines why companies choose to implement this model.
Categories: Finance, CFO Consulting
Tags: financial strategy,cfo consulting,technology business strategy
Seven Common Mistakes in Strategic Planning
Denver Managing Director, Carter Freeman, walks through seven common mistakes made in strategic planning, and how to get the most out of these types of planning sessions.
Categories: Finance, CFO Consulting
Tags: strategic planning,executive leadership,operational advice,cfo consulting
7 Tips to Better Financial Forecasting
Houston Technology Practice Manager Josh Tabin outlines seven tips for better financial forecasting in the upcoming year.
Categories: Finance, Finance Consulting, CFO Consulting
Elevator to Exit: Hein, vcfo and Dailey Presentation
Brian Greenman, Denver Consulting CFO, recaps the recent vcfo, Dailey Partners and Hein & Associates co-sponsored event in Denver. The event, covering a company's life cycle from a financial and capital perspective, was a success and gathered a strong showing from local Denver and Colorado Front Range CEOs, CFOs, attorneys and business advisors from a wide variety of businesses and industries.
Categories: Finance, Human Resources, Finance Consulting, CFO Consulting, Human Resources Consulting
Tags: executive leadership,entrepreneurship,start-up,cfo consulting,financial strategy
A CEO’s Thoughts on CFOs and Financial Talent
Guest Blogger Jeff Minch talks about "renting" financial talent when it is not feasible to hire.
Categories: Finance, Recruiting, Finance Consulting, Executive Placement Consulting
Tags: executive leadership,small business management,cfo consulting,financial consulting firms
Should CEOs Rely on Part-Time Specialists? Reviewing Advantages and Disadvantages
This guest post is from Barbara Fowler, a CMO and Partner with Chief Outsiders. She writes about the advantages and disadvantages of hiring seasoned executives on a part-time basis.
Categories: Finance, Human Resources, About vcfo
Tags: hr consulting firms,financial consulting firms,cfo consulting
Sharing the Results with Everyone
Growing companies face many challenges. Have you ever wished you could get all the people on your team pulling in the same direction? Consulting CFO Mike Wilfley provides his thoughts on open book management.
Categories: Finance, CFO Consulting
Tags: strategic planning,cfo consulting,executive leadership,operational advice
Shopping Your Insurance Carrier (and Your Broker)
Denver Practice Manager Carter Freeman shares his method of finding the best insurance for your business. It is worth shopping around and sometimes re-evaluating the relationship with your broker.
Categories: Finance, Finance Consulting, CFO Consulting
Tags: financial consulting firms,executive leadership,cfo consulting,operational advice
The Top 10 Points to Consider When You Outsource CFO Services
Looking for an interim CFO and not sure what to look for? vcfo shares our "Top 10 Points to Consider When You Outsource CFO Services".
Categories: Finance, Finance Consulting, CFO Consulting, About vcfo
Tags: hiring,strategic planning,executive leadership,financial consulting firms,cfo consulting,operational advice
Cash flow can “Trump” sales for business growth
Cash flow management is often overlooked in the grand scheme of things. Making a small change in business strategy can be the difference in thriving or striving to survive.
Categories: Finance, Finance Consulting, CFO Consulting
Tags: measuring success,strategic planning,cash flow management,cfo consulting,financial strategy
Defining what a CFO does
What does a Chief Financial Officer (CFO) do? We get that question frequently, often from entrepreneurs who are growing their business. They are familiar with bookkeeping and perhaps accounting, but often not with true CFO-level financial management. I’ve highlighted the core responsibilities of a CFO to help define this position.
Categories: Finance, CFO Consulting, About vcfo
Tags: hiring,financial services,cfo consulting,entrepreneurship,technology business strategy
