The CFO'S Perspective

Effective Management & Leadership Approaches for CEOs with CFOs (and Vice Versa!)

CEOs and business owners often experience a disconnect between themselves and their finance departments. CFOs, controllers, and accountants often experience the same disconnect with the CEOs and business owners they support. Gaining understanding and building ongoing rapport are keys to the success of the business.

The CEO Email Fraud

Carl in accounting receives an urgent email from Erica, the company CEO. 

The unusual email captures Carl’s attention, so he verifies that it is from Erica’s email and notes how the tone and writing style is consistent with her other email messages.  The CEO is requesting a wire be sent immediately to the bank displayed in the email.  Since Erica is out of town, Carl complies and sends the wire as requested. 

Topics: Risk Management Security CEO CFO Responsibilities Controller Responsibilities

Corporate Social Responsibility Makes Good Business Sense

Think of giving not as a duty but as a privilege.  -  John D. Rockefeller Jr.

Being recognized for Corporate Philanthropy has long been thought of as a nice PR benefit of business giving. However, “giving” just isn’t enough. Even being a good corporate citizen can be improved upon. Being a socially responsible business should be the goal of every company's giving program.

Corporate Social Responsibility makes good business sense.

How Does a CFO Manage & Mitigate Risk?

Risk comes from not knowing what you're doing. - Warren Buffett

One of the pillars of a CFO's responsibilities is risk management. From overall financial compliance to the IT department, a fractional or full-time CFO is the first line of defense in establishing and maintaining adequate risk management and mitigation for today's organizations.

The threats may come in many forms - from lack of internal controls to cybersecurity in a privately held business or social enterprise. The CFO is charged with understanding and mitigating the risks that your organization faces.

Topics: Risk Management CFO Responsibilities

What if Tomorrow is Not Like Today? Part II: Preparing for Disasters at Work

Most of us believe we are prepared for the everyday kind of disaster at work:  We carry extra cash, safety pins, and a cell phone.  We keep a granola bar (or five) in our desk.  In Seattle, we never, ever, let the coffee pot run out. But while all these things are good (especially the coffee pot), most of us never think about what we would do if a true disaster struck during the time we are at work -- the place/s where we spend more waking hours than anywhere else.   

Let's take the case of an earthquake, since that's our most likely Puget Sound area disaster, and the basic things to prepare for if one occurs during our workday apply to many other scenarios as well.  

Topics: Planning Forecasting Financial Projections