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

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? Changing how revenue is reported impacts EBITDA and also balance sheet items such as deferred revenue and deferred expenses. Read more in our blog about Lease Accounting Updates.)

Finance 88

Finance Strategic Planning Auditing CFO 88

Future CFO

APRIL 18, 2022

Click on the link to download to discover in detail a list of the benefits that IBM Cognos Controller provide for finance teams: Data collection and validation Reconciliations Workflow and tasks to improve the close cycle Currency conversion Minority interest calculations Inter-company eliminations Group closing adjustments Management adjustments Allocations (..)

Finance 52

Finance IFRS GAAP Accounting Principles 52

The Charity CFO

OCTOBER 9, 2024

For nonprofits, GAAP ensures transparency, accuracy, and consistency in financial statements. Accurate and transparent financial data makes it easier for stakeholders and regulators to understand an organization’s financial health. Accounting rules suggest (and your auditors would require) that this gift be made in writing.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

The Charity CFO

AUGUST 15, 2023

To support and maintain the organization’s tax-exempt status, nonprofit accountants have to understand and adhere to IRS rules for: Tax-exempt organizations Reporting requirements Maintaining proper documentation Reporting Financial reports and statements provide a transparent view of the organization’s financial performance.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

Spreadym

JUNE 27, 2023

What is Financial Planning and Analysis or FP&A? FP&A is a process used by organizations to develop and manage their financial plans and make informed decisions based on financial analysis. What is Financial Planning and Analysis? The primary objectives of FP&A.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Financial Analysis Budgeting 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. The financial close process is crucial for ensuring accurate and reliable financial reporting.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 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. Lastly, is the way CFOs actually prepare financial reports.

CFO 52

CFO Forecasting Leadership Budgeting 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

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

The Finance Weekly

OCTOBER 31, 2021

Financial Planning for NPOs Financial planning for nonprofits entails optimizing your activities by meticulously managing all aspects of your finances. Many of the same issues that private-sector businesses face, such as raising revenue and managing budgets, apply. 4 Steps NPOs can do to improve their financial planning.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

The Finance Weekly

APRIL 28, 2024

Also, the subscription service comes with cool features such as follows: Keeping tabs on inventory Sorting out your books Sending out invoices smoothly Managing payroll Dishing out financial reports Linking up with other apps for a seamless workflow Plus, you can share access with different permissions for your team.

Financial Planning and Analysis (FP&A) 52

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

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. When determining your needs, be sure to consider what your complete financial package looks like and where you might need some help.

Nonprofit 52

Nonprofit Communication Auditing GAAP 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. Develop strong financial reporting procedures. Get the free guide!

Accounting 52

Accounting Nonprofit Auditing Compliance 52

BlueLight

JULY 30, 2020

The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting. This task falls to the finance leader.” “The It evolves with stage.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 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. Why is this important for CFOs? IFRS, US GAAP).

Leverage 52

Leverage Investments Economics Accounting 52