What is Risk Management? 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.

What is bank reconciliation or catch-up? 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.

If you manage a business, you know that the role of Chief Financial Officer (CFO) is one of the most crucial and necessary roles that every successful company requires, or will in the future, to rise to the next level of growth. Some may wonder, what exactly does a CFO do? CFOs most important duties include tracking cash flow, financial reporting, and audit preparation.

Budget Report vs. 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.