VCFO

JULY 22, 2022

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward.

Accounting 75

Accounting Accounting Standards Economics Advertising 75

Bramasol

FEBRUARY 13, 2023

Long-term contracts: With many SaaS customers committing to long-term contracts that include usage, entitlements and other rights, it can be difficult to track and support actual consumption while assuring accounting compliance.

SAP 71

SAP Compliance Accounting Standards Leverage 71

Beacon CFO Plus

NOVEMBER 30, 2023

Define Roles and Responsibilities: The CFO typically focuses on financial strategy, planning, and management, while the accounting firm handles compliance, audits, and financial reporting. 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

DECEMBER 21, 2021

For simplicity’s sake, we’re going to focus on 501(c)(3) charitable organizations in this article, because it is the most common type and deals with a range of tax compliance issues. . Maintain tax-exempt status with consistent accounting standards and submit an IRS Form 990* each year. Do nonprofits pay income tax?

Nonprofit 85

Nonprofit CFO Sales Compliance 85

PYMNTS

JANUARY 30, 2020

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases.

Accounting 40

Accounting Accounting Standards Compliance Securities 40

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

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

Allows user-defined workflows to improve efficiency, compliance, and transparency, providing consistent audit trail visibility. Identifies variances and anomalies that don’t comply with accounting standards with intuitive dashboards and reports that work based on your preset conditions.

General Ledger 62

General Ledger Reconciliations Accounting Standards Leverage 62

PYMNTS

OCTOBER 25, 2019

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct. “Trade payables classification tends to be treated more favorably than borrowings (i.e.,

Finance 40

Finance GAAP Compliance Accounting Standards 40

PYMNTS

JULY 6, 2018

Australian regulators said they were disappointed in corporates’ lack of preparedness for new accounting rules. Directors and preparers should ensure that they understand the impact of new accounting standards and have systems and processes in place to support reporting under these new standards.”. 1 of this year.

Accounting 41

Accounting Auditing Accounting Standards Compliance 41

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. Accounting for grants should be approached with an abundance of caution.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

CFO Leadership

OCTOBER 18, 2023

Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. With all these great new capabilities at our fingertips, the future will also require constant vigilance and regular updates to security protocols as AI systems become more sophisticated and the risk landscape evolves.

Accounting 52

Accounting Finance Auditing IFRS 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. The analysis of financial and operating data not only has to be immediate, but also accurate and secured.

CFO 52

CFO Finance Reconciliations Accounting Standards 52

PYMNTS

DECEMBER 12, 2019

Securities and Exchange Commission is turning its attention to a lack of transparency within corporates’ investor disclosures as more businesses use supply chain financing. Reports in Bloomberg Tax this week said SEC Corporation Finance Deputy Chief Accountant Lindsay McCord spoke Tuesday (Dec.

Finance 58

Finance Accounting Standards Corporate Finance Auditing 58

CFO Thought Leader

MAY 21, 2023

In order to do so, we had to utilize a rather esoteric part of the securities laws called Regulation A, which allows you to raise up to $75 million a year from unaccredited investors. In the meantime, though, we were able to get really good at the regulatory compliance and rigor required by Regulation A.

CFO 52

CFO Accounting Investments Accounting Standards 52

The Charity CFO

MAY 11, 2023

As regulations surrounding nonprofits can be incredibly complex, expert guidance on financial matters, including compliance with tax laws and regulations, is key. You may also choose to outsource certain aspects of your accounting that may require less immediate access. There is no one size fits all solution.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). Quick real-time access to detailed financial insights helps ensure that you have the data you need to demonstrate and secure this funding.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

The Finance Weekly

APRIL 28, 2024

With pre-built compliance safeguarding and meeting accounting standards including audit trials and access controls. You have to carefully pick the right integration option, securely link both systems, set everything up just right, test it out thoroughly, and keep an eye on how it's going.

Financial Planning and Analysis (FP&A) 52

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

CFO Talks

JANUARY 27, 2025

ESG is not just about compliance; it’s a framework for long-term business viability and resilience. As head of the ESG Working Group for the International CFO Alliance (ICFOA), David emphasized the importance of standardization and alignment across global frameworks.

CFO 52

CFO Auditing IFRS Compliance 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

Barry Ritholtz

MARCH 21, 2023

But within the market, the so-called security markets line is pretty much entirely flat and has been in sample and out of sample for a ridiculously long amount of time, in a ridiculously large amount of places. And it’s really not a compliance reason, I hope it’s more of an intellectual honesty reason. RITHOLTZ: Right.

Profit and Loss 69

Profit and Loss Valuation Forecasting Investments 69