The acronym EBITDA stands for Earnings Before Interest Taxes Depreciation and Amortization.
EBITDA is an approximate measure of a company’s ability to produce cash and it has become the most common way to value a business. By excluding interest, taxes, depreciation, and...
Our client struggled with the headaches of consolidating project proforma models into a rolled-up fund model. Reporting overall fund performance was a difficult and time consuming task, with a high risk for error which created a potential liability if mistakes were rep...
If you’re comparing the role of a controller to the role of a CFO, you are not alone. The differences lie in the fact that a controller’s responsibilities are mainly technical and tied to historical data, while a CFO’s responsibilities are mainly functional and related...
Your business has reached the point of needing a seasoned CFO, but you’re not ready to make a long-term hire. Instead, you may be considering the option of either a part-time or an interim CFO. Here is the difference between these two approaches to fill your CFO positi...
In a company’s infancy, a CEO and CFO may be the same person, but as a company starts to grow and take on more employees, customers, etc., the financial and management responsibilities start to pile up, making it necessary to divide the two roles. The strategic relatio...
To make the most informed decision regarding when to hire a CFO, you should first understand what a CFO does. A great CFO provides confidence in decisions. By understanding the numbers and developing meaningful metrics, a CFO helps the organization see opportunities an...
#1 Lack of Analysis — Perhaps the most important indicator that a company is ready for a CFO is when company leadership lacks the analyses needed to make timely business decisions or is taken away from essential revenue-generating activities to handle finance m...
Lower Cost — CFO salaries vary somewhat by region and industry, but according to Glassdoor, the national average salary for a CFO across all industries is just over $156K, and that does not include the cost of taxes, health benefits, vacation time, and other perks. Whe...
Financial forecasts are data-backed predictions of a company’s financial position over a period of time. A CFO should do your financial forecast, at least annually, using historical accounting data, sales trends and a variety of external factors to estimate where the c...
