CFO.com | News for CFOs
WEBWhat the City of North Miami Beach is looking for in its next CFO. After the city’s former CFO retired in 2023, its city manager has been trying to find a finance leader to help modernize its finance function and lead with effectiveness. CFO.com provides essential analysis and expert advice for Chief Financial Officers to tackle ...
5 Common Misconceptions About the Chapter 11 Bankruptcy …
WEBJul 8, 2020 · Here are five of the most common misconceptions about Chapter 11 bankruptcy: Bankruptcy means going out of business. Just because a business files for bankruptcy does not mean it is going out of business. While a Chapter 7 business bankruptcy filing involves liquidation, Chapter 11 allows a business to restructure its …
Two CFOs Tell a Tale of Fraud at HealthSouth | CFO
WEBMar 27, 2017 · Two of the finance chiefs — Aaron Beam, a HealthSouth co-founder and its CFO from January 1984 through September 1997, and Weston Smith, who blew the whistle on the fraud — recently offered a presentation to the New York City chapter of Financial Executives International. In telling how they came to be swept up in the scandal, they …
What CFOs Think of the Accountant Shortage | CFO
WEBNov 10, 2023 · The accountant shortage is a phenomenon that CFOs are trying to combat with work-life balance initiatives, salary transparency, and better technology.With fewer CPAs in the pipeline, there is not only less quality finance talent available but also fewer people who can develop into future corporate finance leaders.. The would-be CFOs of …
First Person: Andy Fastow and Me - CFO
WEBApr 24, 2019 · First Person: Andy Fastow and Me. Published April 24, 2019. By Russ Banham. CFO Editorial Staff. Twenty years ago, CFO gave Enron finance chief Andrew S. Fastow a CFO Excellence Award in the category of “capital structure management.”. In a feature story naming him an award recipient, Fastow said, “Our story is one of a kind.”.
5 Categories of Finance Competencies for 2020 | CFO
WEBJan 16, 2020 · The skills gaps that corporate finance leaders have been grappling with for some time will stand out even more in 2020 and beyond, according to Gartner. Based on a survey of more than 1,000 finance employees, Gartner has placed finance competencies into five categories, each one most ably performed by one of five distinct personas: …
The ABCs of Self-Funding Your Health Plan - CFO
WEBMay 25, 2016 · Self-funding is not a new or cutting-edge idea. In fact, 94% of employers with 5,000 or more workers do it, according to 2015 research by the Kaiser Family Foundation. Among those with 200-999 workers, 56% self-fund. It’s far less common where there are fewer than 200 workers, with 17% of such employers self-funding, but that’s up …
10 Steps to Effective Finance Staff Meetings - CFO
WEBJul 18, 2019 · Step 2: The meeting takes place on the same day and at the same time every week, forever. There are only two reasons to miss the meeting: vacation and death. Step 3: No electronics. Collect the phones, or insist on Airplane Mode. No …
How Much Revenue Should Each Employee Generate? Metric of …
WEBOct 5, 2022 · Business Entity Revenue Per Business Entity Employee. Top performers, organizations falling within the 75th percentile, bring in $561,152 or more in revenue per employee each year. Bottom performers generate $171,131 per employee or less. According to the U.S. Bureau of Labor Statistics, a median full-time employee’s pay is …
8 Keys to Becoming the CEO’s Trusted Strategic Adviser | CFO
WEBJul 18, 2016 · By learning the CEO’s personal preferences, a CFO gains the understanding of how to best collaborate. Always Be Transparent. The primary function of the CFO is to make sure that the CEO can see the company’s true performance. Discussions about performance management disappear when numbers are regularly reported and measured.