E78 Partners

NOVEMBER 19, 2024

Here are four of the most common audit preparation obstacles and practical ways to overcome them, based on client experience supporting finance teams through efficient and streamlined audits. Ensure that impairment analyses are completed according to audit priorities, with asset groupings and forecast data that align with GAAP standards.

Auditing 52

Auditing GAAP Restructuring Compliance 52

The Charity CFO

JANUARY 19, 2023

In the United States, these Generally Accepted Accounting Principles (or GAAP) are set by the Financial Accounting Standards Board (FASB). First, nonprofits must follow GAAP, the Generally Accepted Accounting Principles. NPOs must adhere to these accounting policies to remain compliant with the law and maintain their tax-exempt status.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

Planful

JANUARY 19, 2016

With the right tools and processes in place, the year-end close and reporting process can be less stressful and painful for the Finance team, maybe – dare I say it – even something you look forward to. Intercompany reconciliations were a nightmare, with many phone calls to the foreign subs. Watch the Webinar Replay. Ah, the memories!

IFRS 40

IFRS GAAP Reconciliations Auditing 40

Bramasol

MAY 13, 2024

FASB's role and functions include: Standard-Setting: The primary responsibility of the FASB is to develop and update Generally Accepted Accounting Principles (GAAP), which serve as the foundation for financial reporting by public and private companies, non-profit organizations, and government entities in the U.S.

Auditing 84

Auditing Compliance SAP Accounting Standards 84

The Charity CFO

JANUARY 5, 2023

Sure, your mission should be a priority, but managing finances can’t be neglected either. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud. When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). Bring GAAP compliance.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

The Charity CFO

JULY 19, 2024

Bookkeepers, accountants, and Chief Financial Officers (CFOs) all serve critical roles in managing an organization’s finances. An accountant generally holds a bachelor’s degree in accounting or finance. But did you know there are a variety of financial professionals that are essential to the financial well-being of an organization?

CFO 52

CFO Accounting Nonprofit General Ledger 52

Planful

AUGUST 1, 2017

If the latter is the case, Planful recently held a webinar focused on how you can automate and accelerate the financial close, consolidation, and reporting process and free up more Finance time for value-added analysis. Many Finance professionals may think that only large enterprises need a formal financial consolidation process and system.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 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

CFO News Room

NOVEMBER 2, 2022

Along with renewing their registration annually (for both SEC- and state-registered firms), firms face a variety of requirements related to their internal finances, fees, marketing activities, and advisor agreements depending on whether they are SEC- or state-registered. RIA Fee Itemization And Surprise Custody Audits.

Compliance 130

Compliance GAAP Investments Advertising 130

Planful

JULY 27, 2016

Not being compliant with US GAAP or IFRS. Streamline adjustments and intercompany reconciliations by 50 – 80%. Finance time shifts to value-added analysis, reduce hiring needs. Challenges in consolidating multiple spreadsheets and correcting errors. Limited reporting and analysis capabilities, and too much manual effort.

Financial Planning and Analysis (FP&A) 40

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