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Members’ Profile: Henk Bothma In this edition of our CFO Spotlight series, we are featuring Johannes Hendrik Bothma, fondly known as Henk. Yes, if I think back now my career in accounting and business started then, at the age of 13. The obvious choice for tertiary Education for me was a BCompt degree. Know yourself.
This is not just an accounting issue; it’s a symptom of a broader problem that threatens our ability to compete in the global economy. At the heart of this issue is IAS 38 , the international accountingstandard for intangible assets, which may be doing more harm than good for South Africa’s economic ambitions.
How a CFO Ensures Compliance in Financial Reporting Reliable financial statements are crucial for business management, but ensuring compliance may feel like a luxury in the resource-constrained world of small business. How can a small business ensure compliance in reporting without overspending on accounting staff and audits?
WE ARE PROUD TO ALIGN WITH ORACLE NETSUITE AS A NATIONAL SPONSOR OF THE CFO LEADERSHIP COUNCIL. And finally they’re significantly less likely to consider going back to school: Just 12% of finance managers were considering or actually pursuing continuing education compared with 31% of other managers. About The CFO Leadership Council.
All nonprofit accounting rules in the United States are defined and codified by the Financial AccountingStandards Board, or “FASB”. Back in 2016, FASB revised its rules related to accounting for leases, which impact any contract to rent property or equipment that lasts more than 12 months. Get the free guide!
AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. This makes them versatile tools in various fields such as education, customer service, and even creative writing. SEC filings, GAAP documentation, FASB accountingstandards, IFRS standards, PCAOB, FINRA, etc.),
Most not-for-profit organizations and entities–like 501(c)(3) charities, churches, religious institutions, government agencies, nonprofit nursing homes and hospitals, and educational institutions– are required to use fund accounting. If you’re looking for info on fund accounting in government here is a great resource for you.
He also contributed to the International Public Sector AccountingStandards Board while serving as a captain in the Coast Guard, highlighting his expertise in public sector financial management. Coast Guard Granted Larry White an Expansive Finance Career appeared first on CFO THOUGHT LEADER. Coast Guard.
This is why at The Charity CFO , we strive to provide relevant resources and support to ensure that your organization runs smoothly and efficiently. AccountingStandards In the United States, all organizations must adhere to the Generally Accepted Accounting Principles (GAAP). Reach out to us here for a free consultation.
ESG reporting is becoming an integral part of the modern CFO’s role. . Internationally, the establishment of the International Sustainability Standards Board (ISSB), announced at COP26 in Glasgow late last year (2021), promises to standardise nonfinancial reporting once it has been accepted. . What is ESG reporting?
The International AccountingStandards Board issued new protocols on climate reporting and the interesting distinction there is that there are two sets of protocols or soon-to-be standards, the one is related to climate change and then the other is related to sustainability, which relates to the business efficiencies.
AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. This makes them versatile tools in various fields such as education, customer service, and even creative writing. SEC filings, GAAP documentation, FASB accountingstandards, IFRS standards, PCAOB, FINRA, etc.),
Revenue recognition is even more complicated than ever thanks to the changes in how FASB (Financial AccountingStandards Board) now requires nonprofits to record donations. When it comes to your organization’s accounting, it’s not worth the risk to do it all by yourself. That’s where The Charity CFO can help.
South African-born Daniel Raubenheimer is a passionate MBA graduate with cross-functional experience in tech, FMCG and manufacturing, he’s now CFO at Silon in Atlanta, USA, a leading producer of technical compounds and polyester staple fibres. CFO Talks is a brand of the South African Institute of Business Accountants.
Shane Leas is quite comfortable leading the finance function at large and complex organisations, and now as Group CFO at Select Africa Limited, he provides some fascinating insight to the African growth story that is microfinance. CFO Talks is a brand of the South African Institute of Business Accountants.
A nonprofit grant is a type of financial assistance that your organization receives from government agencies, foundations, corporations, businesses, individuals, or educational institutes for a nominated project, program, or initiative. The post Best Practices when Accounting for Grants appeared first on The Charity CFO.
Whether you are an educational, charitable, religious, sports, or other public-benefit organization, you need to have a good handle on your finances in order to make the most impact. 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.
David Wray: Navigating ESG, Sustainability, and the Evolving Role of CFOs In a recent CFO Club podcast episode, Nicolas van Wyk had an insightful discussion with David Wray, a seasoned CFO and expert on ESG (Environmental, Social, and Governance). It’s Nicolaas van Wyk hosting another session for CFO Club.
Leverage External Frameworks and Standards Adopt Recognised Reporting Standards: Implement existing frameworks such as the Global Reporting Initiative (GRI), Sustainability AccountingStandards Board (SASB), or the Task Force onClimate-related Financial Disclosures (TCFD) tostructure ESG reporting.
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