Planful

SEPTEMBER 6, 2021

In an ideal world, financial reports should build shareholder trust by offering accurate data about the performance of the company. In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. Create Detailed, Transparent Reports.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40

The Finance Weekly

APRIL 21, 2024

What could go wrong if your Chief Financial Officer (CFO) is not effective in their job? They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. Spot investment and financial planning prospects. Compile quarterly and annual tax returns.

CFO 52

CFO Budgeting Auditing Accounting Principles 52

The Finance Weekly

MARCH 25, 2024

He held the position of Chief Financial Officer (CFO) at CBS Corporation, a major media player, for a good number of years. His main gigs included handling all the financial operations like accounting and financial planning, crafting financial strategies to boost the business, and managing relationships with investors and banks.

CFO 97

CFO Finance Forecasting GAAP 97

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

APRIL 5, 2022

But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting. Though both systems use the same numbers, looking at those numbers differently can give you a very different perspective on the state of your finances.

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

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. Improves compliance.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

The Charity CFO

FEBRUARY 4, 2022

Nonprofit bookkeeping is the process of entering, classifying, and organizing financial data for the purpose of creating accurate financial records for your organization. Bookkeepers lay the foundation for the accounting processes that will follow. Prepare financial statements and reports . Bookkeepers do not….

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98