Remove Accounting Standards Remove Financial Reporting Remove Valuation
article thumbnail

Updated Accounting Standards for In-Kind Donations (2022)

The Charity CFO

If your nonprofit uses donations of supplies, services, and even time to help fund your operations, you need to know about recent changes in accounting standards for in kind donations. And the second will impact the information you include in your disclosures (footnotes) to your financial reports. Get the free guide!

article thumbnail

The End of Accounting? Sustaining Financial Reporting

CFA Institute

The explanatory power of the financial information reported to investors for market valuation has plummeted in recent decades.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Chinese Study highlights limitations on IAS 38, accounting for intangible assets

CFO Talks

Chinese Study highlights limitations on IAS 38, accounting for intangible assets A recent study from China highlighted the limitations of IAS 38 —the International Accounting Standard that governs intangible assets—and its impact on innovation, particularly in high-tech industries.

article thumbnail

How to best prepare for an audit post-acquisition

E78 Partners

Audits are an essential part of ensuring that a company’s financial statements are accurate and compliant with accounting standards. An acquisition adds complexity to the financial reporting and audit process, so it’s important to be proactive and prepared.

article thumbnail

Where Can FP&A Career Path Take You?

Fpanda Club

FP&A vs financial controlling Working closely with accounting function, financial controllers ensure compliance of reported results with accounting standards, legislation and regulations, develop and document policies and procedures of the internal control in the organization, participate in financial reporting, budgeting and forecasting.

article thumbnail

5 Steps to Prepare your Organization for a Financial Audit

E78 Partners

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit.

article thumbnail

How to Properly Record Revenue for Nonprofits

The Charity CFO

The most important aspect of recording in-kind donations is proper valuation. Establishing an in-kind donation valuation and recording process will help you avoid mistakes when receiving non-monetary donations. Let us help your nonprofit get financially organized through proper revenue recordkeeping. Need Help Recording Revenue?