The Charity CFO

NOVEMBER 10, 2022

Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting. As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

CFO Leadership

AUGUST 12, 2021

Her consulting experience included audit and risk advisory services, project management, business process improvement and information technology, primarily serving financial institutions. He has been part of numerous global and domestic companies with a great deal of restructuring and CFO management experiences.

Leadership 98

Leadership CFO Financial Planning and Analysis (FP&A) Finance 98

Cube Software

MAY 11, 2023

Pro forma financial statements and GAAP It's important to note that, since pro forma statements are based on hypothetical or projected data, they are not compliant with generally accepted accounting principles—GAAP statements must be based on actual financial results. Pro forma statements are also used to secure financing.

GAAP 40

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles 40