In most organizations, the financial operations department is faced with demanding and competing priorities for the last several months of the current fiscal year and the first couple months of the new fiscal year. The competing priorities include, but are not limited to, the following:

  • New fiscal year budgets
  • The fiscal year-end close
  • Independent audits of financial results/working with auditors
  • Regulatory reporting for federal, state, and
  • Read More

A survey by Robert Half reveals that the greatest challenge for finance professionals when working with other departments is learning to interact with a variety of cultures. Respondents were asked, “Which one of the following do you think is the greatest challenge for accounting and finance professionals when working with coworkers in other departments?”

Their responses were as follows:

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Learning to interact with a variety of

Controllers and other finance leaders are increasingly being called upon to play a more strategic role in their organizations. Often, however, they are given little information about exactly what is expected of them in this capacity. “Both the organization and the controller can benefit when controllers are significant contributors to strategic planning efforts,” says… Read More

What is a "Top Gun" financial operations team? It is a cohesive group of well-trained and efficient financial operations professionals headed by a manager who has exemplary collaboration and leadership skills. 

There are three behaviors that build Top Gun teams, says Chris Doxey, IOFM trainer and speaker:

  1. Leadership 
  2. Communication
  3. Teamwork

Here is a closer look at each of these… Read More

Controllers who are looking for ways to deliver higher service value while spending less need look no further than recent research by The Hackett Group. In The World-Class Performance Advantage: Three Imperatives for Greater Finance Agility, The Hackett Group reveals that world-class finance organizations are far more responsive to business needs than their peers;… Read More

In a recent survey, Robert Half asked CFOs and employees for their feedback regarding breaches of etiquette on the job. Specifically, CFOs and workers were asked, “Which one of the following is the most common breach of workplace etiquette committed by your staff/coworkers?” Their responses were as follows:   Most Common Etiquette Breaches CFOs… Read More

By Bob Sefton, Controller, Nomacorc  For those businesses whose fiscal years coincide with the calendar year, the end of the calendar year tasks are compounded by the holiday season and the regulatory tasks that need to be addressed before January 1. To take care of year-end business and get ready for the beginning of… Read More

When business is “going gangbusters,” it can be tempting for even the most conscientious controller to overlook instances of inefficiency and waste. But good times are the right times for companies to start planning for—and making—a business turnaround, advises Wayne Spivak, President and CFO, SBA * Consulting, a company that provides part-time or interim… Read More

By C. S. “Bud” Kulesza, CMA, CFM

Discussions regarding failures in business share a common theme—the failures were not caused by a lack of technical skills but rather by a lack of integrity and leadership in motivating the organization to do the right thing. 

While technical competency is an essential part of any manager's success, it is not enough. It is the strength or lack of leadership that often determines the success… Read More

By Mike Sbrocco, VP & Controller, Junxure Getting “stuck in a rut” means being in a repetitive, unchanging pattern. Almost everyone finds themselves in a rut at some point in their life. However, when the accounting cycle gets stuck in a rut, this can have deadly implications for not only the finance department but… Read More

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