Global Finance

MARCH 2, 2025

Now, we know from the academic literature that three years before the fraud, they tend to beat earnings benchmarks. Horton: If they have an IPO, theyll be big firms, and theyll follow International Financial Reporting Standards or US GAAP. However, the problem with this research is that they already know the fraud has taken place.

Forecasting 112

Forecasting Auditing Accounting Profit and Loss 112

PYMNTS

DECEMBER 3, 2019

The company used generally accepted accounting principles (GAAP) to essentially turn a $1.9 Using this cash-flow metric, WeWork was able to deduct about $900 million in leasing costs and building expenses from the revenue it took in from members and services. billion net loss into a $142 million profit.

Benchmarking 54

Benchmarking Profit and Loss GAAP Accounting Principles 54

VCFO

NOVEMBER 1, 2023

Assessing Accounting For entities preparing GAAP compliant financial statements, adoption of Revenue Recognition Standard (ASC 606) and Lease Accounting Standard (ASC 842) is now mandatory. Reviewing the asset register and eliminating assets that have been scrapped. If debt is required, the plan will calculate projected covenant ratios.

Finance 88

Finance Strategic Planning Auditing CFO 88

Planful

AUGUST 1, 2017

According to a 2014 study by APQC benchmarking the financial close process, the bottom performers took 12 days or more to close and report their results to management. Multi-GAAP reporting (i.e., US GAAP, Canadian GAAP, IFRS, etc.). It can also consume a lot of time and resources every month, quarter, and year-end.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

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. You’ll also want to stay current on successful brands, along with trending operations, metrics, and benchmarking.

CFO 52

CFO Accounting Benchmarking Tax Planning 52

Onplan

NOVEMBER 30, 2022

Benchmarking and KPI tracking across the organization to stay on course. The tool has several custom reporting features, including providing scorecards and benchmarking with external data. Automated reporting also enforces compliance with GAAP and IFRS standards. Dashboards and scorecards for KPI monitoring and benchmarking.

Financial Planning and Analysis (FP&A) 52

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