CFO Talks

FEBRUARY 27, 2025

It means making decisions based on what is right rather than what is easy or profitable in the short term. Businesses that engage in unethical practices may gain short-term profits, but they risk losing their reputation, which can take years to rebuild. Executives engaged in accounting fraud to hide losses and mislead investors.

Leadership 52

Leadership Profit and Loss Communication Accounting 52

Global Finance

MARCH 2, 2025

The key benefit of Benfords law is that it doesnt matter what kind of firm it ispublic, private, what accounting policies it follows, what currency it operates in, whether its loss-making, whether its a growth company, highly leveraged or no leverage at allmakes absolutely no difference. And its incredibly difficult.

Forecasting 112

Forecasting Auditing Accounting Profit and Loss 112

Planful

JULY 25, 2017

It could be because your team lacks crucial financial reporting and analysis capabilities that help track key business metrics and trends. So, what exactly is financial reporting and why is it vital? Key Types of Financial Reports. Profit and Loss Report: .

Financial Reporting 40

Financial Reporting Financial Planning and Analysis (FP&A) Profit and Loss Compliance 40

CFO Simplified

AUGUST 14, 2022

Produce stable, timely financial reports. You should be getting financial reports within 10 days of the close of the month for yourself to look at anyway. When rebuilding your relationship with your bank, it’s important that your financials are stable. Read this article to learn how to calculate profitability.

Banking 98

Banking Profit and Loss Financial Reporting CFO 98

CFO News Room

FEBRUARY 4, 2022

Tax laws allow for the modified accelerated cost recovery system (MACRS) depreciation method, while most companies use the straight-line depreciation method for financial reporting. Equity classifications typically result from the company using accelerated depreciation for tax purposes but not for financial-reporting purposes.

Profit and Loss 130

Profit and Loss Financial Reporting Accounting Sales 130

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

Financial Reporting 52

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

Future CFO

MARCH 3, 2025

Repetitive tasks, such as financial reporting, are increasingly being automated, freeing up finance professionals to focus on strategic initiatives. A recent report by McKinsey estimates that automation could potentially displace up to 30% of work activities in finance and accounting.

Finance 69

Finance Communication Leadership Profit and Loss 69

CFO Simplified

SEPTEMBER 11, 2022

Here, you’d have a huge amount of profit all at once. However, if you paid to cover all those past due payments, you would register a HUGE loss in that month because of the high amount of cash going out of your business. That net is how much of a profit or loss you had for that month.

Profit and Loss 98

Profit and Loss CFO Accounting Financial Reporting 98

The Finance Weekly

FEBRUARY 23, 2025

Focus on Business Drivers Instead of tracking excessive details, focus on the main factors influencing financial performance. For example, if customer retention impacts profitability, companies can invest in loyalty programs or customer service improvements. Use FP&A software to model different financial scenarios.

Financial Planning and Analysis (FP&A) 52

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

CFO Simplified

JANUARY 10, 2022

Financial reports contain the most important reading that a business owner looks at on a regular basis. And yet, for many business owners, reading financial statements can seem as helpful as reading tea leaves. Some of the issues that create confusion are the result of the way the reports are created. It’s that simple.

Profit and Loss 52

Profit and Loss Financial Reporting Invoicing Sales 52

The Charity CFO

JANUARY 17, 2022

And then, there are a series of reports and financial statements you’ll use to communicate the financial reality of your organization to potential donors, the IRS, watchdog agencies, and other stakeholders. The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. .

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

The Charity CFO

DECEMBER 27, 2023

Does your nonprofit have ownership of a for-profit entity? Whether your organization owns a for-profit company outright or has limited ownership, a for-profit subsidiary can have serious tax implications for your nonprofit. Nonprofits with excess holdings may face an excise tax on the value of shares over the limit.

Nonprofit 52

Nonprofit Profit and Loss Communication CFO 52

CFO Share

AUGUST 5, 2021

In simple terms, that means the cannabis industry taxable income is closer to its revenue rather than profit. Losses under section 165 (fire, storm, theft, etc.). Depreciation and amortization reported for tax purposes in excess of that reported in financial reports. Interest expense. R&D expenses.

Forecasting 96

Forecasting GAAP Profit and Loss Accounting Principles 96

The Finance Weekly

OCTOBER 29, 2024

Three-Statement Model A fundamental model linking the three core financial statements: Income Statement Balance Sheet Cash Flow Statement Financial analysts often use this model to understand how various business activities, like revenue growth and expenses, impact performance. A loss decreases equity.

Financial Modeling 52

Financial Modeling Mergers and Acquisitions (M&A) Budgeting Forecasting 52

The Charity CFO

JANUARY 31, 2022

You may also know it as a profit and loss statement or income and expense report. Simply, it reports your organization’s revenue and expenses during a specific period and the difference between them. . In the for-profit world, they call the difference between revenues and expenses net income. Or profit. .

Nonprofit 98

Nonprofit Profit and Loss GAAP Accounting Principles 98

CFO Talks

AUGUST 21, 2024

Navigating IFRS , Key Updates and Changes Introduction In today’s fast-paced financial world, staying up to date with the latest International Financial Reporting Standards (IFRS) is critical for CFOs. CFOs must ensure stakeholders understand this shift and its implications for financial statements.

IFRS 52

IFRS Profit and Loss Communication Credit Risk 52

The Finance Weekly

FEBRUARY 23, 2022

A study by the University of Baltimore and Excel-based FP&A company, , DataRails , lays out the full economic costs of businesses sticking with manually prepared financial reports. billion is the first number that came out of the research and this represents the total amount of money lost by manual financial work.

Financial Planning and Analysis (FP&A) 83

Financial Planning and Analysis (FP&A) Profit and Loss Budgeting Math 83

The Charity CFO

SEPTEMBER 14, 2022

As a result, Congress implemented the UBIT in 1950 to eliminate the unfair advantage tax exemption gave to nonprofits competing against for-profit entities in the same sector. For example, the UBIT prevents an entity such as a church from using its exempt status to open a store purely for profit with no charitable purpose.

Nonprofit 98

Nonprofit Profit and Loss Education CFO 98

Musings on Markets

NOVEMBER 1, 2023

I profited mightily on that investment, but I sold too soon , when Tesla's market capitalization hit $150 billion, and just before COVID put the company on a new price orbit. In short, Tesla's financial reports, are an illustration of how much expectations can play a role in how markets react to the news in them.

Valuation 124

Valuation Profit and Loss Numbers Sales 124

CFO Simplified

FEBRUARY 17, 2022

But understanding your company’s profitability is critical to making the right decisions. Confusion over cash-versus-accrual reporting creates continuing questions for business owners. The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. Initial contact –.

Accounting 52

Accounting Retail Profit and Loss Cash Flow Forecasting 52

The Charity CFO

OCTOBER 13, 2023

When liquidation takes place, more often than not the corporation would be at a negative or loss on the resale of office chairs. On for-profit books, by reducing tax liability (assets) the business can ultimately pay less in taxes at the end of the year, which will increase their net (loss) of income. Get the free guide!

Nonprofit 97

Nonprofit Profit and Loss Math CFO 97

Centage

DECEMBER 12, 2023

When it comes to analyzing a company’s financial health, one of the most important documents to look at is the consolidated profit and loss statement (often called a P&L, P and L, or P&L statement). What is a consolidated P&L statement? A consolidated income statement is essentially a consolidated P&L.

Profit and Loss 52

Profit and Loss Budgeting Forecasting Financial Reporting 52

Musings on Markets

SEPTEMBER 5, 2024

Over the last two decades, companies have supplemented the financial reports with guidance on key metrics , particularly revenues, margins and earnings, in future quarters. Earnings Reports: Reading the Tea Leaves So what do you learn from earnings reports that may cause you to reassess what a stock is worth?

Marketing 134

Marketing Valuation Profit and Loss Forecasting 134

Creative CFP

NOVEMBER 2, 2020

The cash flow statement is the final piece of the puzzle when it comes to the monthly management reports that we prepare here at Creative CFO. This is without a doubt one of the most important and often overlooked financial reports within the monthly report pack. In essence, profits do not always equal cash.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting Invoicing Forecasting 52

CFO Share

AUGUST 14, 2024

The best businesses review a budget vs. actual report monthly with their CFO. This classic method of evaluating performance stands as one of the most important monthly financial reports for any company. Follow these 6 steps to build a simple variance report: Create a new spreadsheet separate from your financial forecasts.

Budgeting 52

Budgeting Profit and Loss Forecasting CFO 52

CFO Simplified

FEBRUARY 17, 2022

The company was profitable, but after some moves to expand the business, they were worried about depleting their cash reserves and using up their line of credit with the bank—which would put a halt to further expansion plans. The company opened an eBay store and turned the trade-in losses into a new profit center. 11,500,000.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting CFO Financial Reporting 52

Adam Kae

NOVEMBER 14, 2022

Have You Ever Asked Yourself the Following Question: "Where did all of my profit go?". They all reside on the Balance Sheet and not the Profit and Loss Statement. This connection between the 2 primary financial reports is why your bank balance is so low and your income tax bill is so high. Asset Purchases.

Profit and Loss 52

Profit and Loss CFO Financial Reporting Banking 52

CFO Simplified

APRIL 15, 2022

Unfortunately, financial reporting had been inconsistent, so the owners wanted help putting together a set of financials that the bank would accept. Financial Reporting Inconsistencies. The bank reported a loss of confidence in management as a result of the inconsistent financial reporting.

Profit and Loss 52

Profit and Loss Manufacturing General Ledger Accounts Payable 52

The Charity CFO

FEBRUARY 25, 2022

Your financial reports will be organized according to the accounts in your Chart of Accounts. But no matter which name you use, it’s the accumulation of any surpluses (profit) that your organization has built up over time. Gain/Loss on Sale of Assets. Gain or loss resulting from the sale of property or equipment.

Nonprofit 98

Nonprofit Accounting Accounts Payable GAAP 98

Centage

NOVEMBER 22, 2023

In the detail-oriented world of finance, where precision and foresight are paramount, financial professionals often grapple with the daunting task of consolidating multiple Profit & Loss statements (P&Ls). This not only hampers efficiency but also poses a significant risk to the accuracy of financial reporting.

Profit and Loss 52

Profit and Loss Budgeting GAAP Financial Reporting 52

The Finance Weekly

MARCH 25, 2024

They also pitch in on major financial moves like mergers and fundraising. They double-check financial reports for accuracy and offer advice to the company leaders and the board. The CFO's job is to decipher various departmental forecasts to create profit projections for the CEO and shareholders.

CFO 97

CFO Finance Forecasting Profit and Loss 97

The Charity CFO

JANUARY 19, 2023

Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Their mission is usually anchored on a cause or social purpose, not on the generation of profits. 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

PYMNTS

FEBRUARY 22, 2017

In a look at how some of those loans are trending and how they may be impacting lenders, consider that Ally Financial reported that pre-tax income slid by 11 percent last year, and the decline stemmed from auto loan losses and delinquencies. If net income turns to net losses, investors will dump stocks of lenders.

Profit and Loss 46

Profit and Loss Economics Financial Reporting Marketing 46

The Charity CFO

APRIL 26, 2024

As a nonprofit leader, you know nonprofit accounting isn’t the same as for-profit business accounting. For example, your nonprofit owns a for-profit business , which could lead to complicated tax requirements or even loss of exempt status. How Do You Approach Financial Reporting for Nonprofits? Get the free guide!

Nonprofit 52

Nonprofit Accounting Profit and Loss Communication 52

The Charity CFO

DECEMBER 23, 2024

Successful nonprofits and for-profit businesses alike use a variety of key performance indicators (KPIs) to help track their organizations performance. Do You Struggle to Make Sense of Your Financial Statements? We recommend that no more than 15% of an organizations total revenue come from the same funder or customer.

Nonprofit 52

Nonprofit Numbers Profit and Loss Concentration 52

PYMNTS

JANUARY 15, 2019

During the fourth quarter, so did profit per share ($1.21 The FI’s Q4 profit was $6.1 The bank also reported general purpose credit card point-of-sale (POS) purchase volume of $20.2 Total credit losses were $721 million in fourth quarter 2018, up $41 million from third quarter 2018,” the bank said in its financial report.

Profit and Loss 46

Profit and Loss Risk Management Compliance Banking 46

PYMNTS

NOVEMBER 29, 2019

Peloton is one of those other operators, and it recently had better news about itself, courtesy of its latest financial report, released in early November. Even so, its shares slid roughly 4 percent after that earnings news, according to a report , as investors are apparently impatient about the company’s profitability.

Profit and Loss 59

Profit and Loss Leadership Financial Reporting Marketing 59