The Charity CFO

OCTOBER 9, 2024

Modern nonprofit leaders are always looking for ways to use technology to make everyday tasks easier. One of the most sought-after tools is a platform or software to integrate your fundraising and accounting data seamlessly. Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

Future CFO

JULY 21, 2024

Given the advent of artificial intelligence and machine learning, the accounting profession faces challenges in talent as it continues to navigate its way around digitisation and shifts in the market. This transformation is an intertwined act of two complimentary forces: Sustainability and Technology," Abrol explains.

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

CFO Talks

NOVEMBER 20, 2024

For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.

IFRS 52

IFRS GAAP Currencies CFO 52

The Charity CFO

JANUARY 5, 2023

When creating these policies, make sure they’re regularly reviewed and updated to keep up with changing circumstances, technological advances, and regulations. When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). Timely reporting. Viability of various projects.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

Spreadym

AUGUST 10, 2023

Compliance: Adherence to accounting standards and regulations, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Key Features of Spreadym: Data Structure and Storage: Spreadym employs cube-based data structuring using In-memory database technology.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

Spreadym

JUNE 19, 2023

The combination of spreadsheets technology and in-memory database helps to organize multiuser work on documents, upload fresh data in real time to reports and build updated analytics at any time. It may take some time for users who are unfamiliar with accounting principles to become proficient in using the software.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52