Assessing the performance of finance teams is crucial for any company that wants to ensure its financial health and success. It is essential to identify the strengths and weaknesses of finance teams to improve their overall performance and make informed decisions. However, evaluating the performance of finance teams can be a challenging task, and it …
Do you know the ways to improve cash as a finance professional? As a finance professional, one of your key responsibilities is to ensure that your organization has sufficient cash to operate and grow. However, managing cash can be a challenging task, especially when you are dealing with multiple stakeholders and unpredictable market conditions. In …
Do you know any ChatGPT use cases for Finance? ChatGPT is an AI language model that is capable of handling vast amounts of data. Also, it has the ability to provide real-time insights on a variety of topics, including finance. As a finance professional, you likely understand the importance of data analysis in making informed …
Do you have an idea of the differences between a CEO vs CFO? In every business, there are two crucial leadership roles: the Chief Executive Officer (CEO) and the Chief Financial Officer (CFO). These roles are often conflated, but they have distinct responsibilities and objectives. In general, the CEO is responsible for the overall strategy …
What does it mean to reframe finance as a profit center? That is a way to find new ways for finance to find resources and defend its sitting at the management table. In a period of a difficult time, you need to think out of the box to find new solutions. Finance has traditionally been …
Today, I will discuss the comparison of FP&A vs finance controller in this blog article to assist you in determining which is more suited to your present situation or long-term objectives. Therefore, to decide which career route is best for you, educate yourself on the income ranges, work responsibilities, professional development possibilities, and skills needed …
FP&A vs Finance Controller – What Are The Differences? Read More »
The best way to compare CFO vs controller is to understand their differences. The chief financial officer (CFO) and controller collaborate closely in a business. On the other hand, they play quite different roles, though. The chief financial officer (CFO) takes the aerial perspective from above the forest, while the financial controller is traveling through …
When the cost of products and services rises broadly, as opposed to just for a few specific things, it is said to be experiencing inflation. This means that today, for one euro, you may get less than you could before. If you work in finance, continue reading to learn what you can do. What Is …
Data analysis has become an essential tool for making informed decisions in the world of finance. But with so many types of data analysis available, it can be overwhelming to know where to start. Therefore, I will present you the 4 types of Data Analysis. To help you understand the different methods of data analysis, …
Combining accounting data into a standardized set of financials is part of the process of creating financial statements. Subsequently, you send the statements to management, creditors, borrowers, and investors, who use them to assess the company’s performance, liquidity, and cash flows. The steps below are part of the process of creating financial statements. What Are …
What Are The Steps to Prepare Financial Statements? Read More »
Jobs in the financial industry may be quite profitable, which adds to the explanation of why they are so in demand. Of course, getting a job in the banking industry is difficult—the admission requirements might be as high as the pay. Many professionals have postgraduate degrees in business, math, economics, or statistics, and the majority …
When it comes to controlling companies with a high level of fixed assets, I strongly recommend learning how to budget and control your CAPEX. Mastering your CAPEX is important for controlling how you allocate your capital. In that light, let’s learn everything about CAPEX, the CAPEX Definition, and how to budget and control your CAPEX. …
How to Budget and Control your CAPEX in Finance? Read More »
Everyone wants to succeed, even if it’s on their own terms, in the competitive event of obtaining greater career opportunities and progress. Being on the wrong track makes winning challenges. Therefore, I decided to make this blog post and show you how to improve as a global finance professional. Improving As a Global Finance Professional …
Improve Today to Become A Global Finance Professional Read More »
Finance presentations are an important tool for businesses, investors, and other stakeholders to understand the financial health and performance of an organization. However, making mistakes during these presentations can lead to misunderstandings and poor decision-making. This can be detrimental to the organization and can even result in financial loss. In this article, we will discuss …
Working capital is the amount of money that a business needs to cover its short-term expenses, such as inventory, salaries, and taxes. A working capital requirement is the minimum amount of working capital that a business needs to have on hand to maintain its operations and meet its financial obligations. Therefore, determining a business’s working …
Transitioning from a career in accounting to finance can be an exciting and rewarding move. While both fields share some common ground, finance offers a broader range of opportunities and challenges for professionals with a background in accounting. If you are considering making the transition from accounting to finance, there are key steps you need …
To become a successful CFO ( Chief Financial Officer), you will need to have a strong background in finance and business. A common path to becoming a CFO is to start by earning a bachelor’s degree in finance or accounting. From there, you can gain experience in the field through internships and entry-level positions in …
A macroeconomic factor is a significant fiscal, natural, or geopolitical event that has a significant impact on the economy of a region or a country. In other words, instead of affecting only a small number of people, macroeconomic forces typically have a large-scale influence on whole communities. For example, macroeconomic factors such as inflation, war, …
Our capacity to adapt and pick up new finance skills is crucial for career development and enhancing corporate outcomes, as the pandemic has taught us. For you and your team to succeed in the shifting market dynamics, it is essential to update and develop skills. How can you improve your career as a Finance professional? …
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A financial KPI (Key Performance Indicator) measures a company’s performance in terms of producing revenue and profits. KPI tracking reveals if a company is succeeding in attaining its long-term objectives. Therefore, here are the top six KPIs for Headcount Analysis. #1: Headcount Analysis Evolution and Variance Salary and Full-time Equivalent (FTE) reports, which are categorized …
What Are The KPIs for Headcount Analysis in Finance? Read More »
To begin with, to increase the financial success of your small or medium business, utilizing the best tools for SMEs’ finance teams is crucial. In addition, owning a small or medium business can be challenging, but applying the finest financial management techniques can enhance your company’s financial future. Moreover, I have made a mini guide …
Huge quantities of organized and unstructured data are gathered, processed, and analyzed by business intelligence tools in finance from internal and external systems. There are many different types of data sources, such as raw files, ERP databases, emails, CRM data, archives, online data, and much more. Business Intelligence (BI) tools employ query to retrieve this …
How Can You Use Business Intelligence Tools in Finance? Read More »
Firstly, if you work in Finance, you must know how to use Price Volume Mix analysis. As a result, I created this free guide for you. However, it’s ideal if you have an FP&A role and are working with management and other departments. Also this guide can also help accountants who want to move to …
How Can You Use Price Volume Mix Analysis in Finance? Read More »
The finance industry is constantly evolving, which offers a dynamic and challenging work environment. Therefore, finance professionals need to be able to adapt to change and always learn new things. Working in finance can be a very rewarding career. It can be exciting and challenging, with the potential for high earning potential. However, it can …
What do you need to do in the year-end closing process? If you are working in Finance just like me, chances are that it’s getting busy. In addition to the day-to-day activities, there are three things you should do to finish the year well. Assess Your Balance Sheet Positions One of the main accounting principles …
Year-End Closing Process: 3 Areas of Focus in Finance Read More »
The CCC is a crucial business indicator that demonstrates a company’s efficiency. Furthermore, your company may monitor it to see how quickly it turns cash from sales into cash again. Also, it helps you see your current cash flow clearly. What is CCC? Definition: Days to convert inventory into cash flows from sales. Explanation: The …
Overview of CCC: Cash Conversion Cycle for Finance Pro Read More »
Are you looking for a way to determine your company’s strategic, financial, and operational achievements? Moreover, do you want to compare them to other businesses within the same sector? Then, the Headcount KPIs are the way to go! What Are Headcount KPIs? Headcount KPIs, or Headcount key performance indicators, are performance measurements. Furthermore, more precisely, …
Top 10 Headcount KPIs (Key Performance Indicators) in Finance Read More »
Do you want to evaluate your company’s financial performance? Moreover, do you need a base for comparisons with rivals, tracking trend lines, or operational efficiency? Fortunately, you can use a variety of ratios to help you in your quest. However, while there are many financial ratios to analyze your balance sheet, here are the best …
Top 5 Ratios to Analyze A Balance Sheet for Professionals Read More »
Overhead expenses are the ongoing costs of running a business that is not directly related to the production of goods or services. These expenses include things like rent, utilities, insurance, and administrative costs. They are also known as indirect costs or operating expenses. While they are necessary for the smooth operation of a business, they …
How Can You Analyze and Reduce Overhead Expenses? Read More »
Every position and duty inside an organization, as well as everyday life in general, have an influence on the digitalization juggernaut. Finance in the digital era plays a far more strategic role than just being basic bean counters and fund managers. Formerly considered “support” roles inside the firm, such as HR and Finance, are increasingly …
Today, I am going to explain how you can transition from audit to FP&A from my personal experience. So, five years ago, I made four changes in my professional and personal life: I changed my country (moved from Luxemburg to Germany). I changed my language (French to German). Also, I changed the industry (Financial Services …
Imagine you could calculate how long it takes to double your money just with a simple formula. Have you heard about the Rule of 72? The Rule of 72 is a simple, effective rule frequently used to determine how many years are needed to double an investment at a specific yearly rate of return. Also, …
Excel Charts assist you in displaying your data in a variety of appealing styles, including columns, lines, bars, pies, and areas, among others. It’s always about how we display the data that determines how fantastic a result we can produce with it. Excel charts and various bar graphs are helpful in this regard. In order …
10 Tips for Excel Charts to Make Your Life Easier in Finance Read More »
I’d like you to reflect on these 12 FP&A principles and pick two you want to focus on in the next four weeks. More than 700 businesses from all around the world took part in a survey that Lawrence Serven and the Institute of Management Accountants (IMA) created. The methodology used in this survey set …
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Despite the fact that CFOs control and manage a large portion of the important business data that fuels such initiatives, the notion of the digital finance organization is still in its infancy in many businesses, and they remain distant from the core of digital technologies transformation efforts. Moreover, today’s CEOs and boards state they expect …
Cash is King, but do you know your King? Today, I will explain to you what I learned about cash and what you can do to manage cash. Like most Finance managers, I bring a specific focus on reaching my targets and report on how well (or bad) I do in comparison with these targets. Most …
How Can A Finance Manager Manage Cash in Finance? Read More »
A senior manager who is in charge of a company’s daily financial operations is known as a financial controller. Financial controllers manage the accounting department and are in charge of the business’s accounts and records. Depending on the size of the company, the financial controller’s function changes. I find that Data Scientists and Controllers share …
The connections between the financial statement items and the main value drivers of a firm are graphically shown in a value driver tree. The tree aids analysts in determining which factors are most crucial to the company’s total value and in monitoring the effects of changes to those factors. You can use the value driver …
Value Driver Tree (VDT) for Decision-Making in Finance Read More »
Working in finance requires a unique set of skills and qualities. These include strong analytical and problem-solving abilities, the ability to think strategically and make sound business decisions, and excellent communication and interpersonal skills. Additionally, a professional in finance need to be detail-oriented and highly organized. Furthermore, they need to have the ability to work …
