PYMNTS

DECEMBER 10, 2016

And while any number of investors stood at the ready to throw literal piles of cash at the next big thing in consumer credit, there were some nagging doubters that wondered if Lending Club might be luckier than it was strategically brilliant. “It The internal audit had two major and disturbing reveals.

GAAP 73

GAAP Compliance Valuation Auditing 73

The Charity CFO

FEBRUARY 4, 2022

Nonprofits must maintain thorough and accurate financial records to comply with both Generally Accepted Accounting Principles ( GAAP ) and maintain their tax-exempt status with the IRS. With our nonprofit bookkeeping and accounting services, we’ll ensure your books are always audit-ready. Recording & Allocating Expenses.

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

CFO News Room

NOVEMBER 2, 2022

It should also be noted that, at least for state-registered advisers, financial statements must typically be prepared in accordance with GAAP. RIA Fee Itemization And Surprise Custody Audits. if a related person of the adviser engages in one of the enumerated activities).

Compliance 130

Compliance GAAP Investments Advertising 130

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. As a 501(c)(3) organization, you are subject to a number of rules and regulations. Prepare for and manage an annual audit. Utilize cutting-edge technology.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

Planful

JANUARY 19, 2016

Half of the time the numbers were unreadable, so we had to confirm them via phone. Then we would key the numbers into a spreadsheet and perform the currency translations there. (I It’s More Than Just Rolling-Up Numbers. Ensuring adequate audit trails for internal and external auditors. Yes, remember Fax machines ?)

IFRS 40

IFRS Reconciliations GAAP Auditing 40

The CFO College

JUNE 3, 2021

Yes, automations can crunch numbers, but there is so much more to providing accounting services than calculations. Skill #2 - The Permanent Audit Trail. Along with a PDR, it’s important to set up a Permanent Audit Trail, because like it or not, audits happen in all industries.

Accounting 52

Accounting CFO Auditing General Ledger 52

Planful

JULY 27, 2016

Not being compliant with US GAAP or IFRS. Lack of controls and audit trails. Time-consuming and costly audit process. The good news here is that cloud-based solutions have been available for a number of years, and many now offer the same capabilities as on-premises solutions. Improve audit trails, reduce audit costs.

Financial Planning and Analysis (FP&A) 40

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

CFO Leadership

OCTOBER 18, 2023

They’re not very good at mathematics or dealing with numbers in general. 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.

Accounting 52

Accounting Finance Auditing IFRS 52

Planful

AUGUST 1, 2017

You’re preparing for an IPO or external audit, which requires having rock-solid financial statements. Consolidating financial results might sound easy on the surface, but it’s more than just adding up numbers. Multi-GAAP reporting (i.e., US GAAP, Canadian GAAP, IFRS, etc.). Intercompany reconciliations.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

Planful

JUNE 22, 2017

GAAP or International Financial Reporting Standards (IFRS). Financial Consolidation is More Than Just Adding Up Numbers. To those who aren’t familiar, financial consolidation might sound like simply adding up numbers from a group of companies—but it’s more than this. Reporting results to internal and external stakeholders.

Accounting 40

Accounting General Ledger IFRS GAAP 40

Boston Startup CFO

OCTOBER 13, 2015

The accounting manager recommended that we audit our books, which seemed like a good idea, especially since we had been having conversations about getting acquired. They do not sit in their office only crunching numbers; they should have a feel for where those numbers come from. Do You Need a CFO?

CFO 52

CFO Tax Planning GAAP Budgeting 52

Planful

SEPTEMBER 5, 2019

Think about your current reporting process and start counting the number of ways you could improve upon it. Planful gives you a robust library of report templates to build the foundation of GAAP and IFRS-compliant balance sheets, income statements, statements of cash flow, and other financial and statutory reports. Edwards Deming.

Financial Reporting 40

Financial Reporting IFRS GAAP Auditing 40

The CFO College

FEBRUARY 19, 2021

Consider multiple variables including forward revenues, number of entities, number of employees, number of verticals, and complexity of work, and then set your price high enough to ensure you make a good return on your efforts and can hire help in the future if the need arises. Don’t charge hourly for your services.

Communication 52

Communication Accounting CFO GAAP 52

The CFO College

APRIL 8, 2021

You’ll really want to delve into the pain points of business owners (saving money, reducing tax burden, and increasing bottom line), tax opportunities and planning, and GAAP accounting and solutions. For us numbers people, one of the hardest things can be getting out in front of a CEO and talking yourself up enough to land a new client.

CFO 52

CFO Benchmarking Accounting Tax Planning 52

BlueLight

JULY 30, 2020

Pre Series B, it’s a part-time role to simply track past financial numbers. 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. Edited for readability. Application Access? —?NetSuite

CFO 52

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

Onplan

NOVEMBER 30, 2022

Despite its extensive number of integrations, Adaptive has seen users complain that ERP integrations tend to break and require a long time and multiple support interventions to repair. Automated reporting also enforces compliance with GAAP and IFRS standards. It also offers convenient multi-currency management.

Financial Planning and Analysis (FP&A) 52

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