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Stanley Black & Decker Names Fortune Brands Executive as CFO

CFO News Room

Mr. Hallinan’s appointment follows Stanley Black & Decker’s announcement last July of ambitious cost-cutting plans , including $1 billion in reductions by the end of this year and $2 billion by 2025. The company will report on its fourth quarter next week.

CFO 100
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Types of Financial Models for Greater Business Development

Spreadym

Some common types of financial models include: Budgeting and forecasting models : These models are used to estimate and plan future financial performance by projecting revenues, expenses, and cash flows over a specific period. They help in setting financial targets and evaluating the feasibility of business plans.

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How to create & use pro forma statements

Cube Software

No business can survive without planning. The answers—based on different sources of data like market research or historical sales information—guide internal decision-making to promote regular, sustainable growth as well as create contingency plans for worst-case or best-case scenarios. What is a pro forma financial statement?

GAAP 40
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Do Nonprofits Use Cash or Accrual Accounting?

The Charity CFO

Cash accounting does not comply with Generally Accepted Accounting Principles (GAAP) for nonprofit organizations. So if you expect to grow or search for new sources of funding, you’ll probably need to graduate to accrual-basis accounting. Also, revenue must be recorded when it is actually or “constructively” received.