Educational Podcast: How to Right-Size Your Finance Function

Posted on August 29, 2018March 10, 2025

Listen to Podcast

Click here to listen to podcast or use the above media player.

Over one third of CFOs surveyed report human resource limitations and team bandwidth as the PRIMARY challenge in meeting the expectations of their CEO. Nonprofit finance departments are often juggling the day-to-day accounting and bookkeeping responsibilities alongside more complex and time consuming tasks, such as: HR-related activities; optimizing revenue; mergers & collaborations; data & cyber security; managing the IT investment decision-making process; business process improvements; implementing new accounting standards; and staying ahead of industry benchmarks. This diversity requires constant evaluation of situational or cyclical resource needs, as well as consideration of technological and outsourced options, economic and funding changes, and workforce aptitude & synergies. Rightsizing should be proactive and a constant part of the process of managing an organization, because what is right for the organization today may not be right tomorrow. Rightsizing is a creative, and dynamic process of adjusting one’s organization to be the most efficient, effective, competitive, and profitable it can possibly be.

AAFCPAs Partner Janice O’Reilly CPA, CGMA, a former CFO, provides best practices recommendations for right-sizing your finance function to efficiently address evolving organizational needs.

This audio session was recorded live at AAFCPAs’ April 26^th, 2018 Annual Nonprofit Educational Seminar. Slides may be downloaded by clicking the link below:

Slides may be downloaded by clicking here. >>

Watch this video clip (1 min 09 sec) for a summary; and then download the full audio of the session recorded April 26^th, 2018 at AAFCPAs’ Annual Nonprofit Educational Seminar.

Watch Video Clip Preview

About the Author

Janice O’Reilly, CPA, CGMA

Janice is a strategic and collaborative finance executive, blending an entrepreneurial mindset with extensive global operating experience. A leader in AAFCPAs’ business transaction advisory and cannabis practices, she draws on experience as an angel investor, consultant, president, public and private company CFO, and treasurer to advise clients on corporate finance and operations. Clients turn to Janice for guidance through complex transactions, from buy-side and sell-side deals to internal transitions, including support at every stage of the deal …

Related Insights

Nonprofit Challenges in Navigating Tax Issues

Nonprofit organizations are often thought to be tax exempt. But this is a misnomer, as there are many situations where a nonprofit may have to either pay or collect and remit tax. Private foundations, also under the umbrella of 501(c)(3) nonprofit organizations, are subject to a 1.39 percent net investment tax on their investment income […]

Guidance on New Lease Accounting Standard

In 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. AAFCPAs has summarized some of the most significant changes resulting from the new ASU for your convenience: AAFCPAs has provided a detailed Whitepaper providing guidance on the FASB’s new Lease standard so clients may proactively […]

Shuttered Venue Operators Grant Program Opens April 8

AAFCPAs would like to make clients aware that the U.S. Small Business Administration (SBA) will accept applications for the Shuttered Venue Operators Grant (SVOG) program beginning April 8th, 2021. Eligible entities include live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators*, motion picture theater operators, and talent representatives. *The Act […]