Erik Verduin

Unlock the potential of your assets with these strategic tips on depreciation: 🔹 Understand Different Methods: Learn the straight-line, declining balance, and units of production methods to find which best fits your assets. 🔹 Forecast Future Value: Regularly estimate the residual value of assets to optimize end-of-life decisions. 🔹 Leverage Tax Benefits: Use depreciation to reduce taxable income, maximizing your tax savings. 🔹 Align Depreciation with Usage: Match depreciation rates with asset usage to reflect true wear and tear. 🔹 Reevaluate Regularly: Adjust your depreciation strategies based on changes in asset utilization and market conditions. Implement these strategies to manage asset depreciation effectively and enhance financial health. Global Business Magazine LLC is a UAE-based publication devoted to providing the latest news, insightful analysis, and facts related to today’s global economy for a better tomorrow for everyone. Stay tuned for more and follow us for regular insights. #globalbusinessmagazine #business #BusinessTips #tips #information #businessidea #growth #entrepreneur #globalbusiness #businessgrowth #businessgrowthideas #insights #economy

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Hello from Byrd + Link! Spotting a gap in the market, we embarked on a mission to provide a better audit solution to clients and accountants. But what does "better" really mean? Here’s the lowdown: + We focus solely on audits. This isn’t just something we do; it’s everything we do. + Our team is made up of senior auditors, ensuring that no time is wasted on silly questions or misunderstandings. + We believe in care, collaboration, and reassurance, making the audit process as stress-free as possible for clients. And did we mention we’re quite fond of auditing? Dive deeper into our approach and how we’re changing the game and have a look at our new website to find out more…. https://lnkd.in/e8ETjnwX

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Whether you've built your business from the ground up, or carried on a proud family legacy, inevitably there comes a time to hand the business onto the next generation, or exit. Will you be ready? Steve Meyn, Chairman of PKF Australia, outlines PKF's approach to business succession and wealth transition in this short video. #propelyourfuture #successionandtransition #wealthtransition

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𝐇𝐨𝐰 𝐝𝐨 𝐲𝐨𝐮 𝐟𝐢𝐧𝐝 𝐭𝐡𝐞 𝐩𝐞𝐫𝐟𝐞𝐜𝐭 𝐂𝐅𝐎 𝐟𝐨𝐫 𝐚 𝐏𝐄-𝐛𝐚𝐜𝐤𝐞𝐝 𝐜𝐨𝐦𝐩𝐚𝐧𝐲? You don't. CFOs in PE-backed companies play a pivotal role beyond traditional finance, driving strategic growth under high pressure. Depending on the stage of the PE-backed company, the demands for the role can vary substantially. Thus, finding one person who fits all the requirements for every stage is hard, if not impossible. To help you better understand the varied roles of CFOs, we have developed a set of three personalized hiring scorecards, each targeting a different stage of a PE-backed company: 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧: In the post-investment integration phase, aligning operations and financial frameworks with the new strategic imperatives set by a PE firm is crucial. A skilled CFO is essential for merging these visions with the company's existing structures, ensuring smooth operational continuity and steering the company towards accelerated value realization. 𝐆𝐫𝐨𝐰𝐭𝐡: As the company shifts focus to scaling, this phase demands a CFO who can balance rigorous financial controls with aggressive expansion strategies. This stage requires identifying and nurturing the competencies needed for rapid development, managing working capital efficiently, and fostering a culture of financial discipline. 𝐕𝐚𝐥𝐮𝐞 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐞𝐫: Preparing for a successful transition, whether an exit, merger, or IPO, this scorecard prioritizes strategic exit planning, financial optimization, and effective stakeholder communication. CFOs need to lead with foresight, ensuring that financial systems are robust and that stakeholder expectations are meticulously managed to maximize value. ___ Each scorecard highlights different but equally vital areas a CFO must navigate to effectively support and lead their company. Whether it's integrating new visions, driving growth, or optimizing value, these scorecards provide a structured pathway to success. Check out the links in the comments for the full scorecards and hiring guides. #Finance #CFO #BusinessGrowth #StrategicPlanning #FinancialLeadership #Scorecards #CFOscorecard #PEBackedCFO

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🔔⚡ Reminder: If you're CFO or financial leader at a fast-growing Dutch scaleup, apply to join our next CFO Meetup happening on 26 June! The CFO Meetup is an event series organised by KPMG Emerging Giants in collaboration with TNW. The goal is to equip finance leaders with the tools they need to succeed, while forming a trusted peer group that can share and learn from one another along the way. For the second edition, we've invited Jules Deelen RA, Finance Lead at iconic Dutch scaleup Picnic Technologies, to share his story and experience. With a focus on the internal finance organisation, Jules will talk share tips and pitfalls to watch out for when preparing for compliance and international expansion. Following his talk, we'll go into roundtable discussions where you can dive further into this topic with the other CFOs present. ⚡ How to attend? We are committed to creating a valuable peer network for attendees which is why this event is by invitation only. However, if you're interested in joining, send an email to Izzy Sayers <sayers.izzy@kpmg.nl> and we'll be happy to review your application. To be eligible, your organization must be a Dutch scaleup with a dedicated CFO or finance leader, >25 employees, and a focus on scaling the business. #CFOmeetup #Scaleup #FinanceLeaders #KPMGEmergingGiants #TNW #Networking #PeerLearning #Picnic #DutchScaleups #Compliance #InternationalExpansions #FinanceOrganizationScaling #EmergingGiants

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#IFRS18 responds to investors' concerns about challenges in comparing companies' financial performance. The new Standard will usher in the most significant change to the statement of profit or loss since #IFRS Accounting Standards were introduced more than 20 years ago, advises Nick Anderson. https://bit.ly/4aW26JE

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PRISM Insight 205: CFOs should produce quarterly valuations for private equity, R/E, and debt firms, because they are ultimately responsible for a fund's financial statements. Manager CFOs should have valuation competence, in the same way that the CPAs at the audit firms independently review and vet fair valuation during the year end GAAP/IFRS audits. #valuation #CFO #duediligence #investments #GAAP

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In AccountantsDaily this week: BDO EconSearch Partner Anders Magnusson has projected that with inflation plateauing rather than continuing downwards, BDO now forecasts the first rate cut to be early next year. Magnusson said the stage three tax cuts are a crucial factor to consider in the outlook as well. “While the tax cuts will ease cost-of-living pressures for many people, we also expect them to increase demand, extending the wait for lower inflation and the first cash rate cut.” “Future Made in Australia is another risk. While incentivising progress towards net zero, it does so at a time of full employment, which risks inflation through further increasing competition in an already tight labour market.” Read the full article: https://lnkd.in/gQ5fUS8K

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#IFRS18 responds to investors' concerns about challenges in comparing companies' financial performance. The new Standard will usher in the most significant change to the statement of profit or loss since IFRS Accounting Standards were introduced more than 20 years ago, advises Nick Anderson. https://bit.ly/4aW26JE

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"I think technology has a lot of potential to allow our profession to develop broader skillsets and move more into advisory work, strategic decision-making and the actual interpretation of financial data." Anne Carter, Strategic Projects Executive at CRH, on how accountants can use emerging technology to their advantage. Read the full article on the Accountancy Ireland website: https://brnw.ch/21wJ3k0 #Accountancy #ACAProfessionals #AccountancyCareer #ModernAccountant #Technology

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Thinking of selling your business? EBITDA multiples are a common valuation tool, but understanding them can be tricky. Our friends, including Samuel Smoot at Benchmark International break it down in their blog: https://lnkd.in/eYJP3Zzi Learn how factors like industry, size, and profitability affect your multiple! #ExitPlanning #BusinessValuation

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🧠Teams Premium is revolutionising virtual meetings for accountants with its Intelligent Recap feature. Intelligent Recap simplifies notetaking, showing relevant content, summaries, and actions that you need to take. Imagine not being able to attend a meeting but instead of wasting time after combing through the recording, its all ready for you in one place. The best part is this feature is available now for everyone who upgrades to Teams Premium #teams #microsoft #accounting #meetings

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Ready for a challenge? Test your finance knowledge with our new "Crack It Up" puzzle! Can you match the clues to the hidden investment terms? 💡 Directions: Find the 7 words to match the 7 clues. The numbers in parentheses represent the number of letters in each solution. Each letter combination can be used only once, but all letter combinations will be necessary to complete the puzzle. Drop your answers in the comments below! Let's see who's the financial whiz. 🤓 Nikhil Aggarwal | Aashish Jindal | Vivek Gulati | Vaibhav Laddha | Siddharth S. | Ved Agarwal | Ankit Goyal | Ankit Dokania | Aman B. | Nisha Pokhriyal | Rishabh Hasija | Vivek Verma | Raman Chandna | Abhishek Goyal | Kishor Kumar | Kinshuk Kumar | Reema Arora | Karanbir Singh | Medhavi Kumawat #FinancePuzzler #CrackItUp #Investment #FinancialLiteracy #Finance #PersonalFinance #ChallengeYourself #GripInvest

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Private Equity firms are spending time and money securing the best Portfolio CFO with the right skills, experience and mindset to help them achieve their value creation plans. But many CFOs won’t see the end of the investment cycle. In latest article Aled Homer and Kieran Price ask what PE firms can do to set their CFOs and finance functions up for success. https://lnkd.in/gi2hjzRi #privateequity #cfo #executivesearch #interimmanagement #financeleaders

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🔍 To CFO or Not? Some business owners hesitate when it comes to bringing a CFO on board. The image of a traditional CFO, managing balance sheets of billion-dollar corporations, can seem out of reach for smaller businesses. But a commercially minded financial expert can bring immense value to your growing company, offering strategic advice to: ✅ boost cash flow ✅ forecast performance, and ✅ fine-tune profitability levers, while ✅ enhancing shareholder value along the way. In the SME space, these needs often go unmet. While tax accountants play a big role in compliance and asset protection, their focus differs from that of a financial manager or CFO. Tax accountants prioritise tax savings, while financial managers drive financial performance. It's a distinction that can make all the difference in your business's success. Sure, CFOs come at a cost, but the value they bring can far outweigh it. Curious about how our outsourced CFO services could benefit your business or in need of a financial health check? Reach out today! 📧 info@sbo.financial 🖥 https://lnkd.in/ew8FZE9Q #CFO #FinancialStrategy #SME #BusinessGrowth #FinancialHealthCheck

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3 CFO POVs and the shared value of deep commercial understanding Apart from financial reporting, controls, and fundraising (which are largely common across all types of businesses), it’s important for CFOs to have the ability to focus their energies on areas that matter the most to the nature of the business. We compare the experiences of three CFOs we have had on our podcast on what they focus on: 🏎️ For a multinational used car ecosystem like Carro, a focus for their CFO has been to manage a complex operation with multiple business lines (with each their own operating drivers) across several markets (with each their own mix of Carro’s offerings). 🎙️ As Ernest explained on our podcast: “…ensuring that the OPEX is lean and there is no duplication of costs in the various business segments...There are businesses that will have higher ramp up costs and capital requirements, whilst some which are profitable from the beginning will require much more working capital at the start...pacing and balancing growth versus capital allocation appropriately is critical to the survival of every startup.” 🧸 For an ecommerce brand roll-up firm like Rainforest, post-acquisition management is key focus for the CFO to ensure that the money spent on acquisition translates into returns through the growth of the brands acquired. This means having a holistic view on their portfolio’s performance. As Rainforest’s portfolio has grown to 16 brands (as of Q3 2023), the company has found it valuable to automate this visibility. In their case, this meant ERP integration. 🎙️ As Jason shared on our podcast: “As the organization grows bigger and more complex, the need to automate becomes even more important…One of the major projects we have undertaken since late 2022 was the integration of ERP into Rainforest...This will form a stronger platform for us, better from a finance and supply chain perspective, for us to operate our brands more optimally.” 💰 For a supply chain financing company like AwanTunai, treasury is key focus for the CFO as ensuring a healthy supply of lending capital is key to scaling their business. Sources of this capital will vary in terms of risk acceptance criteria, which the company has to take into consideration in its treasury management. This means the CFO has to work closely with sales and risk teams to ensuring capital flows efficiently from fundraising through risk and sales processes, delivering the right margins for the business to scale healthily. 🎙️ As Shilpa pointed out on our podcast: “Treasury can become very complex as asset allocation becomes complex with several lenders with different eligibility and risk acceptance criteria.” Read the full article: https://lnkd.in/ecFUG48m 📸 L-R: AwanTunai CFO Shilpa Gautam, Carro CFO Ernest Chew, Rainforest CFO Jason Tan

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Most finance professionals have minimal experience of fundraising, acquisitions and exit readiness planning for public offerings, company trade sales, and private equity backed buyouts. Yet, these key milestones are critical for delivering ultimate returns to shareholders. These statistics highlight the consequences of this: - 61% of fundraising efforts fail to secure their desired capital. - Only 19% of acquisitions achieve their planned synergies.  - In 42% of deals, key talent leaves the firm post-acquisition. - 78% witness a decline in shareholder value within one year. - 46% experience customer losses due to integration issues. Finance team members typically possess strong analytical skills, problem-solving abilities, and attention to detail, but lack comprehensive knowledge of the deal process, key documents, and integration expertise to successfully contribute towards fundraising, acquisitions, and exit planning. GrowCFO’s recent survey revealed that 47% of senior finance professionals desire specific training on Fundraising and M&A to help deliver these key milestones and maximize shareholder value.

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