The responsibilities of the CFO and other finance professionals have moved beyond corporate accounting and financial reporting, and now include strategic business planning, IT development, and cybersecurity, among other areas.
While many of today's CFOs have taken the usual finance stepping-stones toward their executive roles, they believe tomorrow's CFOs will need new experiences and key skills to meet the evolving needs of business, according to a new report.
Having expertise in such topics as international tax laws and global regulatory requirements will be somewhat or very necessary for accounting and finance professionals five years from now, according to 69 percent of CFOs who were recently surveyed.
The SEC has charged a former CFO of a Minnesota-based computer networking device manufacturer for secretly diverting company funds to cover unauthorized personal expenses and other employees' entertainment expenses.
Financial Executives International (FEI) has announced the release of its first-ever "Congressional Scorecard," which rates lawmakers' records on their votes for or against FEI's priority legislative issues.
A majority of top finance executives in US companies foresee Cloud computing lowering costs and helping their businesses succeed in the near future, according to a new survey conducted by CFO Research.
Business functions once had very clear roles and responsibilities: finance looked after the money and IT was a distinct unit responsible for back office technology and communications. However, responsibility for IT decisions is changing.
A growing number of financial executives are optimistic about prospects for the US economy and their own organizations over the next twelve months, according to the first quarter AICPA Business and Industry Economic Outlook Survey.
Most businesses these days are looking to cut spending. Accounting firms are in a unique position to not only help their small business clients trim the fat and manage their money, but to do the same for themselves.
Blame it on a tough economy. Your clients aren't making money, so they aren't paying you. Yet, you're still cranking out their tax returns and other work for them hoping things will improve and that you'll eventually collect the hard-earned money you deserve. This may seem like tough love, but your firm isn't a charity.
More than 90 percent of CFOs say they expect to maintain current levels of staff accounting positions for the second quarter of 2012. Here are the questions controllers should be asking themselves to make sure their staffing decisions are correct.
College students take note: Prior work experience may be a requisite for getting your foot in the door with employers, a new Accountemps survey suggests. Nine in ten (91 percent) CFOs interviewed said it is important for entry-level accounting and finance professionals to gain practical experience while in college.
AICPA Business and Industry Economic Outlook Survey measured nine components
All nine components showed modest improvement in the fourth quarter
Survey revealed increased optimism that the US economy will improve in 2012
AICPA Webcast, "Looking Ahead to 2012: Progress of Paralysis?" covering the survey to be made available