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It advocates for policies that promote the integrity and transparency of financial reporting and supports initiatives aimed at enhancing the profession's reputation and effectiveness.
As an executive-level role, the CFO is in charge of guiding the overall financial strategy of the organization. Nonprofit CFOs are also responsible for clearly and accurately reporting financialdata to the board of directors. Each role provides a unique set of skills and fills various financial needs of an organization.
FP&A candidates typically have a background in finance, accounting, or a related field and possess a combination of skills and knowledge in financial analysis, modeling, and strategic planning. Candidates should be able to connect financialdata to broader business strategies.
Almost in parallel, accounting as a profession found its footing and worked on creating rules that would apply to reporting, at least at publicly traded companies, with GAAP (Generally Accepted AccountingPrinciples) making its appearance in 1933. Why have 10-Ks become longer and less readable?
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