The Charity CFO

JULY 19, 2024

What is a Chief Financial Officer (CFO)? A Chief Financial Officer (CFO) is a senior executive in charge of the strategic direction and goal setting of a nonprofit’s accounting and financial management. As an executive-level role, the CFO is in charge of guiding the overall financial strategy of the organization.

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CFO Accounting Nonprofit General Ledger 52

The Charity CFO

JULY 12, 2024

Adopting the accrual method ensures compliance with Generally Accepted Accounting Principles (GAAP) and other relevant standards. Moving from cash-basis to accrual-basis accounting can help your nonprofit better manage its financial health and improve transparency. Get the free guide!

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Nonprofit Accounting Budgeting Accounting Principles 52

PYMNTS

SEPTEMBER 24, 2018

Errors can be anything from a misapplication of accounting principles to an error in inputs in accounting software or an error in [Microsoft] Excel schedules,” said Michael Burke, partner at accounting firm UHY LLP, according to The Wall Street Journal. percent stake in CWGS Enterprises.

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Numbers Accounting Accounting Principles Corporate Finance 68

The Charity CFO

JANUARY 21, 2022

If you’re looking for info on fund accounting in government here is a great resource for you. Both Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) 116/117 require at least a minimum level of fund reporting, so you’ll need it in order to pass an audit.

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Nonprofit Accounting GAAP Accounting Principles 98

The Charity CFO

JANUARY 17, 2022

The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. . So let’s start with the basics, and later we’ll dig into some of the things that make nonprofit accounting unique. . The #1 accounting mistake that nonprofits make is hiring the wrong people to help them.

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Nonprofit Accounting Profit and Loss Accounts Payable 98