CFO Talks

JANUARY 7, 2025

Take courses and certifications in evolving or emerging areas in information technology, strategy and accounting. For example, whenever there is a release of a new accounting standard impacting your industry, go for training on such a standard. Continuous development and relevance are key. Earn CPD credits also.

CFO 52

CFO Leadership Financial Analyst Finance 52

Future CFO

DECEMBER 31, 2021

What does this mean to the finance and accounting team of 2022? According to Gartner , finance leaders anticipate a greater percentage of their time will be spent in improving flexibility of budgeting & forecasting (58%), closely followed by developing digital skills (56%) and redefining employee value proposition in hybrid environments.

Leadership 98

Leadership Finance GAAP Forecasting 98

The Charity CFO

APRIL 13, 2023

Accounting Standards In the United States, all organizations must adhere to the Generally Accepted Accounting Principles (GAAP). For nonprofits, however, there is an additional and specific set of standards that organizations must follow, as set out by the FASB 117. Taxes Yes, taxes.

Nonprofit 52

Nonprofit Accounting Standards Compliance Budgeting 52

Beacon CFO Plus

NOVEMBER 30, 2023

Compliance and Reporting: The public accounting firm is primarily responsible for ensuring compliance with accounting standards, tax regulations, and external reporting requirements. The CFO should work closely with the accounting firm to provide the necessary information for audits and reporting.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

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.

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have.

Financial Reporting 52

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

VCFO

NOVEMBER 1, 2023

Alternatively, if expenses are running over budget, are there line items that can be cut or deferred to pull overall expenses back in line with budget? If a revenue shortfall is recognized, should incentives be adjusted for the sales team to close deals and book revenue before year end?

Finance 88

Finance Strategic Planning Auditing CFO 88

The Charity CFO

AUGUST 15, 2023

Not only are accountants included in the management of grants like tracking how the funds are spent, they are also involved in the fundraising process by building budgets to justify the request. Fundraising and accounting typically work in tandem to strategize on what fundraising gaps exist and how to best ask for funding.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

Spreadym

JUNE 27, 2023

It involves forecasting, budgeting, analyzing, and reporting financial information to support strategic planning and operational decision-making. Budgeting : Financial Planning and Analysis teams develop budgets that align with the organization's strategic goals and financial forecasts. The primary objectives of FP&A.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Financial Analysis Budgeting 52

The Finance Weekly

JANUARY 9, 2022

Environmental standards may seem like a non-urgent issue if laws haven’t been passed yet, but the CFO needs to be the reminder that these issues are imminent for budgeting, forecasting, and the overall long term vision of the company. Climate change adds another layer of volatility and uncertainty to the already shaky market.

CFO 52

CFO Forecasting Leadership Budgeting 52

The Charity CFO

OCTOBER 9, 2024

Accounting rules suggest (and your auditors would require) that this gift be made in writing. The verbal pledge does not meet accounting standards, so it should not be included in your accounting database. The fundraiser on your team would record this verbal pledge in their fundraising database – rightfully so.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

Future CFO

APRIL 18, 2022

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Finance 52

Finance IFRS GAAP Accounting Principles 52

The Finance Weekly

APRIL 28, 2024

This not only transforms financial tasks like reporting, budgeting, and forecasting but also lightens the load for the IT department. It has real-time automated reporting to get all of your P&L, Balance sheet, Cash flow, budget, and forecast data in a simplified and efficient manner.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Invoicing Budgeting Finance 52

CFO Talks

DECEMBER 26, 2021

After a year I was promoted to the CFO of the organisation, a very CFO/COO role and really spearheading the finance functions, the insurance, procurement, logistics, taxation, budgeting, controlling. You have to know the business operations, you have to know stress testing and budgeting and all of these things. CIARAN RYAN: Indeed.

Manufacturing 75

Manufacturing CFO Budgeting IFRS 75

The Charity CFO

MAY 11, 2023

When utilizing outsourced accounting services, you only pay for the services you need and you may have access to more premium software than you could purchase on your in-house budget. Labor Costs You will have the ability to obtain services when you need them without worrying about flexibility, vacation days, or geographical location.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

The Finance Weekly

OCTOBER 31, 2021

Many of the same issues that private-sector businesses face, such as raising revenue and managing budgets, apply. Master the basics of accounting. Standard accounting and financial management might be complex for nonprofits. However, financial planning for non-profits has its own set of challenges.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

CFO Thought Leader

JULY 31, 2024

He also contributed to the International Public Sector Accounting Standards Board while serving as a captain in the Coast Guard, highlighting his expertise in public sector financial management. As the first active-duty military officer to serve as the global chairman of the IMA, White distinguished himself in his field.

Finance 52

Finance General Ledger Education Accounting Standards 52

Future CFO

NOVEMBER 18, 2019

However, fundamental tasks in statutory accounts, management accounts, investments, budgeting, analysis, compliance, risk, payroll, audit, taxation and managing working capacity are very much interconnected.

CFO 52

CFO Finance Reconciliations Accounting Standards 52

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

The Charity CFO

DECEMBER 8, 2022

According to the Financial Accounting Standards Board (FASB) guidelines, a grant should be recognized as revenue when all eligibility requirements have been met by the recipient and there is reasonable assurance that the revenue will be collected. Tracking expenditures against budgeted amounts.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

The Charity CFO

NOVEMBER 10, 2022

As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit. Governance issues, tight regulations, and high public accountability standards mean strong accounting practices are more important than ever.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

BlueLight

JULY 30, 2020

Rather, our job is to provide a framework for the department managers to think about their own budget.” “It These are complex questions to answer and few companies would have an in-house expert on this subject, especially in light of the new accounting rule for revenue recognition. This task falls to the finance leader.” “The

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

CFO Talks

JANUARY 27, 2025

So, they’re the body that accredits all, professional accountants in Canada, and there’s one at the national level, which typically gets involved in standard setting and influencing international standard setting. And they should provide budget for their CFOs in time. And then Africa is not really featuring.

CFO 52

CFO Auditing IFRS Accounting 52

CFO Talks

OCTOBER 1, 2024

The conversation about the underinvestment in intangible assets in South Africa, and the challenges of accounting for these assets (due to subjective accounting treatments), directly impacts how CFOs approach financial reporting. IFRS, US GAAP). The interview highlights how companies that invest more in intangible assets (e.g.,

Leverage 52

Leverage Investments Economics Accounting 52

CFO Talks

MARCH 12, 2025

Staying informed also means making better financial decisions, whether its in budgeting, investing, or risk management. Following updates from CIBA and regulatory authorities helps professionals understand changes in financial laws, tax rules, and accounting standards.

Finance 52

Finance IFRS Compliance Financial Modeling 52

Barry Ritholtz

MARCH 21, 2023

Everything was the same except, Chicago had in its budget to give me money for airfare to go visit. ASNESS: Ultimately, the shareholders, I won’t go through all the other subtleties, what’s a little sad is we kind of won the battle in that current accounting standards make you expense stock options and that was a change.

Profit and Loss 69

Profit and Loss Valuation Forecasting Investments 69