VCFO

APRIL 27, 2023

After he graduated, he went to work as an audit manager for Deloitte, Haskins & Sells (now Deloitte). He has worked as audit manager and controller for topline public (SEC) companies such as American Home Products, Estée Lauder, Quaker State, and GTE. He earned his CPA license and was promoted twice in four years.

CFO 52

CFO GAAP Nonprofit Auditing 52

The Charity CFO

JANUARY 11, 2023

Nonprofits rely on a mix of sources for their income, from fundraising, grants, and investments to earned income and individual contributions. All these sources must be carefully managed to ensure compliance with Generally Accepted Accounting Principles (GAAP) and guidelines. Undergo annual financial audits. Receive grants.

Nonprofit 52

Nonprofit GAAP Accounting Principles Auditing 52

PYMNTS

DECEMBER 10, 2016

and around the world, massive investments from the biggest names in tech, and a seemingly unending pile of praise for the firm that was going lead the charge to reform — for the better — the battered and bruised consumer credit markets in the post-recession world. The internal audit had two major and disturbing reveals.

GAAP 73

GAAP Compliance Valuation Auditing 73

The Charity CFO

JANUARY 13, 2022

Prepare financial statements per Generally Accepted Accounting Principles (GAAP). Submit to an annual audit. For the purposes of GAAP, donations of goods and services are valid revenue. You need to track and report in-kind donations if your organization is required to… . File IRS Form 990 ( in-kind goods only ) .

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

The Charity CFO

MAY 2, 2022

They’ll also see detailed breakdowns of any investment income, unrelated business income, and revenue from gaming activities (including raffles, casino nights, etc.). They’ll be looking for any large loans, investments, your operating reserve , and your ratio of restricted to unrestricted assets. .

Nonprofit 105

Nonprofit GAAP CFO Accounting 105

The Charity CFO

FEBRUARY 2, 2022

If your organization falls into the $50,000-$200,000 range but must complete an annual audit for funding or GAAP purposes, it is wise to skip Form 990-EZ and head straight to the full form. . When you outsource your bookkeeping and accounting to us, we’ll ensure your books are always audit-ready. Full Form 990.

Nonprofit 98

Nonprofit Profit and Loss Auditing Accounting 98

The Charity CFO

JANUARY 5, 2023

Misuse of funds and poor investments. Your organization has physical assets, including cash, investments, and other tangible property. When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). Bring GAAP compliance. Collaboration issues. Poor financial reporting.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

CFO Leadership

OCTOBER 18, 2023

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. As AI permeates finance, questions about its compliance with audits and financial governance will arise. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Accounting 52

Accounting Finance Auditing IFRS 52

Planful

JULY 27, 2016

Are you wondering how best to make the business case to your company for investing in a cloud-based planning or reporting solution? Not being compliant with US GAAP or IFRS. Lack of controls and audit trails. Time-consuming and costly audit process. Improve audit trails, reduce audit costs. Lack of security.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Value-Added Analysis Budgeting 40

Cube Software

MAY 11, 2023

Pro forma financial statements and GAAP It's important to note that, since pro forma statements are based on hypothetical or projected data, they are not compliant with generally accepted accounting principles—GAAP statements must be based on actual financial results. Pro forma statements are also used to secure financing.

GAAP 40

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles 40

Planful

JUNE 22, 2017

GAAP or International Financial Reporting Standards (IFRS). Under the equity method of consolidation in the financial consolidation process, the parent company reports the investment in the subsidiary on the balance sheet as an asset that is equal to the purchase price. Reporting results to internal and external stakeholders.

Accounting 40

Accounting General Ledger IFRS GAAP 40

The Charity CFO

AUGUST 15, 2023

For accountants, this means the profit-generating strategies and investment ideas you bring to the table are still applicable and can make a massive impact. One key differentiator is that what is recorded following GAAP is what will show up on the audit and may not show up on the IRS tax form, Federal Form 990.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

The Charity CFO

MAY 11, 2023

A study by the Stanford Social Innovation Review found that nonprofits that invested in strong financial management practices, including bookkeeping, were more likely to achieve their mission and grow their organization. Strong financial management can come in many forms and there is no one size fits all for any nonprofit organization.

Nonprofit 52

Nonprofit Communication Auditing Accounting 52

Cube Software

MAY 10, 2023

It helps companies assess their progress, manage risks, and make informed investment decisions. It includes items such as taxes, investments, and income sources. The balance sheet, also known as the “Statement of Financial Position,” presents a snapshot of a business's assets, liabilities, and equity.

GAAP 40

GAAP Profit and Loss Accounting Principles Financial Data 40

CFO Talks

OCTOBER 1, 2024

South Africa’s lag in investing in intangible assets compared to advanced economies. Challenges with Intangible Asset Investments: Limited investment in intellectual property, data, and patents in South Africa. The importance of a thriving tech sector, with data-driven businesses and investments in disruptive technologies.

Leverage 52

Leverage Investments Economics Accounting 52

Spreadym

AUGUST 10, 2023

Compliance: Adherence to accounting standards and regulations, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Audit Trail: A record of changes made to financial data and reports, ensuring transparency and accountability.

Financial Reporting 52

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

The CFO College

FEBRUARY 19, 2021

Position your services as an investment, not a cost. Many of these business owners do not understand the complexities involved with proper accounting, so you will be an essential asset and worthwhile investment. If they can afford you, you will have a new client paying what you’re worth.

Communication 52

Communication Accounting CFO GAAP 52

The CFO College

APRIL 8, 2021

Investing time and money every month into expanding your “VIP” could increase your revenue, especially if you commit to doing something to work on these three areas for one hour a day. Invest a little time every day and eventually you’ll start to see peers and clients looking to you as a viable leader.

CFO 52

CFO Benchmarking Accounting Tax Planning 52

BlueLight

JULY 30, 2020

As a growth stage startup, the question is how to achieve profitability while continuing to invest in growth.” Security and Audit ?—?NetSuite NetSuite role-based permission can be very granular and includes audit trails illustrating who made field level changes including before and after data element changes.

CFO 52

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

Onplan

NOVEMBER 30, 2022

Key features — The top features each platform is known for or has invested in. Since Workday acquired Adaptive Planning, they’ve invested a lot in making the two systems work well together. Automated reporting also enforces compliance with GAAP and IFRS standards. Some clients have reported implementations of over a year.

Financial Planning and Analysis (FP&A) 52

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

Bramasol

APRIL 7, 2025

Here's a brief overview of the key challenges telcos need to manage: Building Out Infrastructure: Cost and Complexity: Constructing and maintaining telecom infrastructure, including fiber optics, towers, and 5G/6G networks, requires significant capital investment and expertise. to other providers, as well as leasing infrastructure from them.

SAP 58

SAP Leverage Compliance IFRS 58