The Charity CFO

JANUARY 5, 2023

When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). Bring GAAP compliance. It also involves staying up to date on the latest auditing standards, tax regulations, and IRS filing requirements. A Nonprofit Budget. Net assets (difference between revenue and expenses).

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

Planful

JANUARY 19, 2016

Intercompany reconciliations were a nightmare, with many phone calls to the foreign subs. Consolidating the financial results following US GAAP or IFRS guidelines, including these steps: Performing currency conversions. Managing complex intercompany reconciliations. I think we used Lotus 123.) Multiple reporting hierarchies.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

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. Prepare bank reconciliations. With our nonprofit bookkeeping and accounting services, we’ll ensure your books are always audit-ready.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

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

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.

Compliance 130

Compliance GAAP Investments Advertising 130

Planful

AUGUST 1, 2017

You’re preparing for an IPO or external audit, which requires having rock-solid financial statements. Intercompany reconciliations. Multi-GAAP reporting (i.e., US GAAP, Canadian GAAP, IFRS, etc.). So what does the financial consolidation and close process entail? Non-controlling interest and minority ownership.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

Planful

JULY 27, 2016

Not being compliant with US GAAP or IFRS. Lack of controls and audit trails. Time-consuming and costly audit process. Streamline adjustments and intercompany reconciliations by 50 – 80%. Improve audit trails, reduce audit costs. Challenges in consolidating multiple spreadsheets and correcting errors.

Financial Planning and Analysis (FP&A) 40

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

Planful

FEBRUARY 21, 2017

From the collection and consolidation of financial results, to the creation of year-end financial statements, to audits and regulatory filings – finance teams are often distraught throughout the process. These results then require consolidation following US GAAP or IFRS guidelines. Attend to Reconciliations Early.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40