Remove Accounting Principles Remove Financial Reporting Remove Forecasting Remove GAAP
article thumbnail

How Do I Forecast with Tax Code 280E?

CFO Share

Your strategic business forecasting must include proper considerations for section 280E – this is essential to planning cash flow and avoiding catastrophic tax bills at year-end. Even worse, an IRS income tax return does not follow the same rules as GAAP. Hence you need good cannabis accounting to defend yourself in audit.

article thumbnail

The 5 Best Financial Reporting Software to Enhance the Productivity of CFO

Spreadym

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Build Shareholder Trust with Reliable Financial Reports

Planful

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. at its peak to $0.26

article thumbnail

Highest Paid CFOs in the World in 2024

The Finance Weekly

They also pitch in on major financial moves like mergers and fundraising. They double-check financial reports for accuracy and offer advice to the company leaders and the board. The CFO's job is to decipher various departmental forecasts to create profit projections for the CEO and shareholders.

CFO 97
article thumbnail

IBM Cognos Controller: Financial close management managed by the office of finance

Future CFO

Click on the link to download to discover in detail a list of the benefits that IBM Cognos Controller provide for finance teams: Data collection and validation Reconciliations Workflow and tasks to improve the close cycle Currency conversion Minority interest calculations Inter-company eliminations Group closing adjustments Management adjustments Allocations (..)

Finance 52
article thumbnail

How to create & use pro forma statements

Cube Software

Think of pro forma statements as a monetary crystal ball, a guiding financial forecast. The Securities and Exchange Commission (SEC) requires that discrepancies between pro forma and GAAP-compliant financial reports be explained when released to the public.

GAAP 40
article thumbnail

#243 – Becoming a Treasurer Series, Part 24: Languages of Finance: FP&A

Strategic Treasurer

And that difference can vary when we think about cash if we’re formally trained in accounting, we think that the generally accepted accounting principle of cash is the way to go. Because there’s certain principles that govern accounting. What are we referring to when we say cash?