Archive for Not For Profit

What Should the Role of the CFO be in Terms of Strategy?

In companies where the CFO is thought of as just the “numbers” person, it is not uncommon for the CEO and others in management to propose a growth strategy and then “throw it over the fence” to the CFO to see if the numbers work. Not surprisingly, this narrow vision of the role of the CFO is most likely to occur in companies where there is lack of clarity of the strategic nature of the […]

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Do You Want to Know Where You are Going?

When discussing our services with a business owner, it is not unusual to have the business owner ask…”What is the difference between a CFO and a Controller”? Most companies hire an accounting person or a Controller early on in their life cycle. Frequently, that person brings structure to the “numbers” side of the business and the business owner believes he/she can now go back to focusing on the operating side of the business. I think […]

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When Is It Time to Hire a CFO?

Business owners tend to be do-it-yourself people either because the financial circumstances of their business dictates that approach or because they just think no one can do it quite the way they can. The outgrowth of this approach is that they wear so many hats in their business that they can lose sight of why they started their business in the first place. They can spend an inordinate amount of time on issues that someone […]

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Changing Imperatives for the CFO

It seems that roles in large and small business are constantly changing. For the CFO, it seems that imperatives for the role are changing even faster. In the Deloitte Insights article below, Fluor CFO Biggs Porter shares his view on the changes CFOs are facing and offers some ideas for how to manage in this new world. Read the article here. Please like & share:

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