Remove Accounting Firms Remove CFO Remove GAAP
article thumbnail

FASB updates convertible debt rules

CFO Dive

The new GAAP guidance stems from a request made by Big Four accounting firms and comes as the convertible bond market is regaining steam.

GAAP 290
article thumbnail

The Difference between a Bookkeeper, an Accountant, and a CFO

The Charity CFO

What is a Chief Financial Officer (CFO)? A Chief Financial Officer (CFO) is a senior executive in charge of the strategic direction and goal setting of a nonprofit’s accounting and financial management. As an executive-level role, the CFO is in charge of guiding the overall financial strategy of the organization.

CFO 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Fund Accounting for Nonprofits & Charities

The Charity CFO

If you’re looking for info on fund accounting in government here is a great resource for you. Both Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) 116/117 require at least a minimum level of fund reporting, so you’ll need it in order to pass an audit.

article thumbnail

Breaking Down the FP&A Function of the CFO Suite

BlueLight

Traditionally, the chief financial officer (CFO) is responsible for tracking the company’s past and present financial situation and ensuring on-time and accurate financial reporting. Today, the CFO is expected to inform strategic decisions that drive the success of the company. The CFO takes on the responsibility of FP&A.

article thumbnail

Best Practices from the CFO Suite

BlueLight

The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting. The CFO suite doesn’t want to be the “department of No.” It evolves with stage.

CFO 52
article thumbnail

Nonprofit Accounting Basics for Founders, Board Members & Executives

The Charity CFO

The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Get this FREE guide to discover what you need to do to ensure you hire the right accountant, bookkeeper, or CFO the FIRST time. Cash accounting may be a good choice for some small nonprofits with funding challenges. Get the free guide!

article thumbnail

Why Nonprofits Need to Switch from Cash-Basis to Accrual-Basis Accounting

The Charity CFO

Adopting the accrual method ensures compliance with Generally Accepted Accounting Principles (GAAP) and other relevant standards. Moving from cash-basis to accrual-basis accounting can help your nonprofit better manage its financial health and improve transparency. Get the free guide!