The Finance Weekly

APRIL 21, 2024

They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. Collaborate with executives and department heads on budget development and oversight. What could go wrong if your Chief Financial Officer (CFO) is not effective in their job?

CFO 52

CFO Budgeting Auditing Accounting Principles 52

The Charity CFO

DECEMBER 30, 2021

And, the Office of Management and Budget requires an audit when a nonprofit spends more than $500,000 in federal funds in a year.). 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. ” Bottom line?

Nonprofit 98

Nonprofit Auditing GAAP Accounting Principles 98

The Finance Weekly

MARCH 25, 2024

Pichette's notable contributions to Alphabet's transition from Google improved its operational efficiency and leadership in sustainability initiatives. His expertise and leadership make him a valuable asset as CFO. They guide department heads, help with budgeting, and analyze financial data to steer the ship.

CFO 97

CFO Finance Forecasting GAAP 97

The Finance Weekly

DECEMBER 18, 2021

In addition to accounting processes, the CFO leads prospective financial activities that are part of the vision: forecasting, budgeting, mergers, and investments. For smaller companies on a budget or in the development stage, there is often a debate about which one should be hired: CFO, financial controller, or a combination of both?

CFO 52

CFO Budgeting GAAP Accounting Principles 52

The Charity CFO

JANUARY 5, 2023

When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). A Nonprofit Budget. A nonprofit budget is a planning document that helps predict expenses, allocate resources, and monitor ongoing operations throughout the year. Make board members accountable.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

Planful

SEPTEMBER 6, 2021

In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. The company’s leadership used fake holdings and off-the-books accounting practices to deceive regulators. Valuations are a classic example of hole-filled financial reporting.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40