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Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements


One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger.

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Revenue Recognition for Nonprofits: 4 Mistakes to Avoid

The Charity CFO

All these sources must be carefully managed to ensure compliance with Generally Accepted Accounting Principles (GAAP) and guidelines. Revenue recognition is an accounting process of properly identifying when income has been earned. Your organization’s accounting method really impacts the timing of recognizing transactions.


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Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

They prepare the income statement, balance sheet, and statement of cash flows using the accrual accounting method. Familiarity with Generally Accepted Accounting Principles (GAAP) is essential. Leave the Minotaur of financial confusion in your wake as you sail towards success, guided by the wisdom of skilled Fractional CFOs.

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When Does Your Nonprofit Need an Audit?

The Charity CFO

When you pass the audit, you’ll receive a clean bill of health from your auditor and a professional opinion stating the accuracy and validity of your accounting records. It assures outside observers that “the organization’s financial records meet generally accepted accounting principles.”

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Stanley Black & Decker Names Fortune Brands Executive as CFO

CFO News Room

Stanley Black & Decker, which was able to carry out a $290 million inventory reduction in the quarter, cut its annual guidance for diluted earnings per share under generally accepted accounting principles to between 10 cents and 80 cents per share from a range of 80 cents to $2.05

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IBM Cognos Controller: Financial close management managed by the office of finance

Future CFO

DOWNLOAD NOW. The post IBM Cognos Controller: Financial close management managed by the office of finance appeared first on FutureCFO.

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Zack Meyer Joins The Charity CFO as Director of Quality Assurance

The Charity CFO

In doing so, Zack will help ensure that our clients’ financials are prepared in accordance with general accepted accounting principles (GAAP) and their 990s meet IRS guidelines. His primary role will be to lead the organization’s quality control and training programs.

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