Future CFO

JULY 21, 2024

The finance team can make this possible through the management of associated risks with AI, as it plays a greater role in the accounting and financial reporting of businesses. AI can also uncover hidden trends and potential risks in vast datasets, enhancing decision-making and financial controls," Abrol notes.

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

Bramasol

MAY 13, 2024

Its primary role is to oversee and regulate the auditing of public companies to protect investors' interests and ensure the integrity of financial reporting. Enforcement: The PCAOB has the authority to discipline accounting firms and individuals for violations of PCAOB rules and securities laws. Why Should You Care?

Auditing 84

Auditing Compliance SAP Accounting Standards 84

CFO Talks

OCTOBER 3, 2024

Implement Physical Controls : Use secure access controls for inventory and cash storage areas and install surveillance cameras where high-value items are kept. Regular Reconciliations : Perform surprise cash counts and inventory checks and reconcile sales and deposit records frequently. This helps reduce opportunities for fraud.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

Future CFO

JANUARY 22, 2024

Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing. Real-time Data Insights The advent of cloud-based accounting solutions has turned real-time financial data availability into a reality for businesses of all sizes.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. What data governance, privacy and security procedures do we have in place or need? Where is that data located?

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

CFO Plans

SEPTEMBER 24, 2024

This not only enhances flexibility but also ensures that your data is secure and up-to-date. Stay Ahead with Real-Time Financial Reporting Gone are the days of waiting for monthly reports to understand your financial position.

Accounting 52

Accounting CFO Compliance Financial Reporting 52

CFO Simplified

JANUARY 5, 2024

The difficulty is that often an office manager, or senior member of the accounting team is responsible for maintaining the financial security of the firm with little or no oversight. Bank Reconciliation and Oversight: Regularly reconcile bank statements with internal financial records to identify any discrepancies promptly.

Auditing 52

Auditing Reconciliations Compliance Securities 52

CFO News Room

NOVEMBER 2, 2022

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one (or more) state securities regulatory agencies. The Brochure Supplement – Form ADV Part 2B. The Brochure Supplement is the sister disclosure document to the Brochure.

Compliance 130

Compliance GAAP Investments Advertising 130

The Charity CFO

JANUARY 19, 2023

There are ongoing efforts to establish International Financial Reporting Standards (IFRS) for nonprofits, which, if successful, could result in greater consistency and comparability of financial information across countries. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

CFO Plans

AUGUST 2, 2024

These platforms offer real-time access to financial data, robust security features, and the flexibility to work from anywhere. Artificial Intelligence and Machine Learning in Accounting AI and machine learning are automating repetitive tasks such as data entry and reconciliation.

Technology 52

Technology Accounting CFO Tax Planning 52

CFO Plans

SEPTEMBER 24, 2024

In today’s dynamic business environment, small businesses face a myriad of financial challenges. The need for strategic financial planning and real-time financial reporting has never been more critical. Picture a nonprofit organization using automated services to streamline donor management and reporting.

CFO 52

CFO Startups Tax Planning Accounting 52

PYMNTS

MAY 26, 2016

Tipalti is launching its first-ever, end-to-end solution for accounts payable departments on the heels of news that the company secured an integration of its supplier payment solutions into the NetSuite SuiteCloud platform. The new AP platform uses that information to provide real-time payment and financial reporting.

Accounts Payable 41

Accounts Payable Invoicing Reconciliations Compliance 41

Planful

JULY 27, 2016

Despite all of the news in the market about the high percentage of errors in spreadsheets (88% according to a University of Hawaii study) and the challenges of using spreadsheets for budgeting, planning, and reporting – many organizations continue to struggle with the tool. Lack of security sending budgeting spreadsheets via email.

Financial Planning and Analysis (FP&A) 40

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

Finvisage

DECEMBER 31, 2019

Accountancy firm PwC is reported to have been hired by the company to look at its accounts, which are audited by Grant Thornton. The accountancy watchdog, the Financial Reporting Council, said: “We are looking into this matter carefully and will give full consideration to further action as more facts become available.”

Reconciliations 52

Reconciliations Accounting Financial Analysis Construction 52

The Finance Weekly

APRIL 13, 2024

The finance industry employs a multitude of software solutions to facilitate budget creation, and financial reporting, and to assist financial analysts and investors with financial planning and forecasting. However, with the abundance of finance software available today, selecting the right one can feel overwhelming.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Regular Reconciliation: Reconcile your multi-currency account regularly to ensure that the recorded transactions match the actual account balances.

Currencies 52

Currencies Accounting Risk Management Compliance 52

The Finance Weekly

OCTOBER 13, 2021

Make a financial reporting strategy. One of the most difficult aspects of a merger or acquisition for finance experts is combining the financial data of two independent firms into one. It's impossible to optimize financial closing processes without first taking into account the hundreds of steps and people involved.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

CFO Talks

MARCH 20, 2024

Key Differences in Everyday Tasks: Reporting: The Controller prepares financial reports; the CFO reviews these reports and uses them to make decisions or plan strategies. Financial Reporting and Management: The Controller is entrusted with maintaining the chart of accounts and overseeing outsourced functions.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

CFO Thought Leader

OCTOBER 6, 2024

Our humble beginnings evolved through trying to help accountants to close their books through account reconciliations, matching transactions, and managing the tasks of far-flung accounting operations. It’s more about data, and because it’s more about data, there’s more security risk everywhere. Things have changed.

CFO 52

CFO Leadership Tax Planning Problem Solving 52

The Charity CFO

APRIL 25, 2024

Brandi went through a similar transformation at Connections, to the point where their nonprofit board is thrilled with the quality of information contained in the monthly financial reports. Now, having monthly financial reports has been very helpful, and we’re able to drill down on the individual grant budgets and spending. “Now,

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

Spreadym

JUNE 19, 2023

If shortfalls are projected, proactively develop strategies to address them, such as securing additional financing or adjusting expenses. It offers features such as cash flow forecasting, bank reconciliation, and expense tracking. Xero integrates with various payment platforms and provides real-time financial insights.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

CFO Share

MAY 22, 2024

Consistent financial reporting is critical for business management. These reports are the backbone of evaluating business performance – crucial for making informed decisions, attracting investors, and securing loans. What is a Financial Statement? Addressing these root causes can prevent future errors.

Profit and Loss 105

Profit and Loss General Ledger Accounting Financial Reporting 105

CFO Talks

DECEMBER 10, 2024

They keep a business on track, protecting assets, ensuring accurate financial reporting, and promoting efficient operations. Consider Satyam Computers, a large IT company in India that collapsed in 2009 due to fraudulent financial reporting. Instead, focus on designing policies that are practical and easy to implement.

Invoicing 52

Invoicing Compliance Reconciliations CFO 52