CFO Leadership

OCTOBER 18, 2023

How to use AI in Finance & Accounting As we look to the future, the role of AI in finance will likely expand. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. a model could be trained to become an expert in finance and accounting.

Finance 52

Finance Accounting Auditing IFRS 52

The Charity CFO

APRIL 13, 2023

In order to successfully manage the financial health of your nonprofit organization, here are 7 key concepts you should understand: Compliance and Audit Requirements Compliance is the act of ensuring the public that nonprofits are abiding by the rules that allow them to take advantage of tax exempt status and other financial incentives.

Nonprofit 52

Nonprofit Compliance Accounting Standards Budgeting 52

VCFO

MAY 30, 2022

Prior to joining vcfo, Jose held roles as Fractional CFO with the Strategic CFO, CFO, Executive Director, and Senior Vice President for Greenfields Petroleum Corporation, as well as senior roles with Enron International, Enron Energy Services, and Brunel Energy.

CFO 52

CFO Auditing Leadership Financial Modeling 52

The Charity CFO

AUGUST 15, 2023

Myth #3: Nonprofit Accounting (GAAP) and the IRS Rules are the Same Another common misconception is that GAAP and IRS rules are the same when it comes to nonprofits, however, they are not. One key differentiator is that what is recorded following GAAP is what will show up on the audit and may not show up on the IRS tax form, Federal Form 990.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

The Charity CFO

NOVEMBER 10, 2022

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. Governance issues, tight regulations, and high public accountability standards mean strong accounting practices are more important than ever.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

PYMNTS

JANUARY 2, 2020

KPMG said it would make a $5 billion investment, PricewaterhouseCoopers said it will spend $3 billion and Ernst & Young plans to invest $1 billion.

Data Analysis 71

Data Analysis Accounting Standards Auditing Invoicing 71

Fpanda Club

SEPTEMBER 2, 2021

This relates to FP&A which stands for financial planning and analysis. Typical FP&A activities and responsibilities Financial planning and analysis is one of the pillars of the modern finance function. Planning relates to determining the company’s short-term (1-year) and long-term (3-5 years) objectives.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

The Charity CFO

JANUARY 19, 2023

Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Because of their unique structure and operational model, nonprofits must comply with various accounting standards that are, in many ways, different from for-profit organizations.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

The Charity CFO

MAY 11, 2023

A bookkeeping or accounting service that is right for you will be able to accommodate your needs. Transitioning Transitioning from in-house to outsourced accounting services can be complex and time-consuming. This can be especially helpful if you don’t have a dedicated staff-person with the expertise level required.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

PYMNTS

JULY 13, 2018

The nation’s Financial Services Commission (FSC) has referred the case to prosecutors, reports said , after finding that the contract drug manufacturing unit violated accounting regulations in regards to its joint venture with Biogen. “We have legally implemented all accounting procedures,” the company stated.

Accounting 40

Accounting Profit and Loss Auditing Accounting Standards 40

PYMNTS

DECEMBER 12, 2019

auditing firms — EY, Deloitte, KPMG and PwC — for guidance from the Financial Accounting Standards Board in October with regard to how supply chain finance should be classified on financials, similarly pointing to an increased use of reverse factoring arrangements. The SEC’s remarks follow requests by the Big Four U.S.

Finance 58

Finance Accounting Standards Auditing Corporate Finance 58

Future CFO

FEBRUARY 6, 2020

Whether your tax, accounting and finance operations are locally-based, centralised or otherwise, investing in the right tools and resources optimises your company’s ability to meet evolving regulatory requirements and gives your team the time it needs to focus on planning, strategy and analysis.

Technology 40

Technology Compliance Accounting Standards CFO 40

BlueLight

JULY 30, 2020

System for a high functioning finance office Integrating disparate finance tools Getting full visibility to subscription revenue Financial planning of the CFO suite How do you view the responsibility of the CFO suite? Post Series B, it becomes a full-time job to support strategic planning. Security and Audit ?—?NetSuite

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

PYMNTS

APRIL 7, 2017

Additionally, bitcoin exchanges in Japan will now be required to conduct employee training programs and submit to annual audits. Switzerland has become a highly bitcoin-friendly nation as of late with Finma ’s plans to clarify regulation , the nation’s railway ticketing systems’ recent adoption of bitcoin ATM functionality, etc.

Accounting Standards 41

Accounting Standards Currencies Auditing Retail 41

PYMNTS

APRIL 10, 2017

While the world probably didn’t need much confirmation in the way of Amazon’s growth-oriented ambitions, it got some nonetheless this past week, as the company released plans to notably grow its workforce. Additionally, bitcoin exchanges in Japan will now be required to conduct employee training programs and submit to annual audits.

Currencies 43

Currencies Accounting Standards Construction Auditing 43

VCFO

NOVEMBER 1, 2023

Identify opportunities for operational improvement and incorporate strategic adjustments in the planning for the year ahead. It seems obvious, but actively reviewing actual vs. planned results and understanding the variables at play is imperative to identifying areas of improvement.

Finance 91

Finance Strategic Planning Auditing CFO 91

Spreadym

AUGUST 10, 2023

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.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

The Finance Weekly

APRIL 28, 2024

They think a solid business plan starts and finishes with easy-to-reach financial data. Covering FP&A, accounting, and operations, this program changes how teams work, helping leaders make swift decisions. With pre-built compliance safeguarding and meeting accounting standards including audit trials and access controls.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Invoicing Budgeting Finance 52

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. These software tools offer a range of features to improve efficiency, accuracy, and collaboration during the close process.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

Bramasol

MARCH 24, 2022

A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? Certain climate-related financial statement metrics and related disclosures in a note to its audited financial statements; and ? Information about climate-related targets and goals, and transition plan, if any.

Accounting 81

Accounting SAP Analyzing Data IFRS 81

CFO Talks

DECEMBER 26, 2021

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants.

CFO 40

CFO Profit and Loss Finance Accounting 40

Future CFO

NOVEMBER 18, 2019

However, fundamental tasks in statutory accounts, management accounts, investments, budgeting, analysis, compliance, risk, payroll, audit, taxation and managing working capacity are very much interconnected. CFOs have to adjust their approach and carefully assess the most suitable application for their organisation’s needs.

CFO 52

CFO Finance Reconciliations Accounting Standards 52