Risk management is the process of identifying, assessing, and controlling threats to an organization’s capital and earnings. A risk management plan increasingly includes companies' processes for identifying and controlling threats to its digital assets, including proprietary corporate data, a customer's personally identifiable information and intellectual property.

A bank reconciliation is the process of matching the balances in an organization’s accounting records for a cash account to the corresponding information on the bank statement. The end goal of this process is to be able to determine the differences between the two and make changes to the accounting records where necessary.

What is difference between Company's Budget Report and Financial Report? It takes more than just the Chief Financial Officer (CFO) and the rest of the executive team to prepare the company’s budget. They also need the help of the accounting and finance staff, the department heads and more.