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Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

Familiarity with Generally Accepted Accounting Principles (GAAP) is essential. If you lack knowledge in accounting principles, you open yourself up to many potential risks, including inaccurate financial statements which can hinder your ability to make informed decisions.

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How to Find the Best FP&A Candidates for Your Team

Spreadym

Risk Management: Skills in identifying, assessing, and managing financial risks are important. This includes assessing market risks, credit risks, and operational risks. Technical Skills: Proficiency in financial software, accounting principles, and ERP systems is valuable.

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7 Essentials Of Nonprofit Financial Management

The Charity CFO

Without a good grasp of your finances, your nonprofit risks: Exposure to fraud. Tax issues and non-compliance with regulatory requirements. So, how can you guarantee that your organization is not exposed to any of these risks? Bring GAAP compliance. Create transparency and accountability required by the board and IRS.

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

Bramasol

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.