CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. All of this remains to be seen, as the audit and accounting industry contemplates how to apply the core principles of sound financial controls to this emerging mercurial space. With a large and diverse enough data set (e.g.

Finance 95

Finance Accounting Auditing IFRS 95

Future CFO

MARCH 8, 2023

The 2022 FTI Consulting survey of CFOs concluded that in addition to all the traditional areas that CFOs must lead, they must also adapt to the ever-increasing “doing more with less,” but now in a new environment. By most accounts, the global economy is heading for a slowdown in 2023.

CFO 98

CFO Communication Economics Finance 98

CFO Talks

JUNE 23, 2022

ESG reporting is becoming an integral part of the modern CFO’s role. . Potential investors increasingly consider this information when contemplating an investment. . Why CFOs must take ESG reporting seriously. The post It’s crunch time for CFOs when it comes to ESG reporting appeared first on CFO Club Africa.

IFRS 52

IFRS CFO Accounting Standards Education 52

The Finance Weekly

JANUARY 9, 2022

CFOs and climate change: what’s the connection? Other than perhaps taking public transportation to work, what else can a CFO do more than any other average person? Many investors and stakeholders are attempting to hold companies to a certain standard of emissions and mitigation efforts, or a future commitment to one.

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CFO Forecasting Leadership Budgeting 52

The Charity CFO

DECEMBER 21, 2021

Maintain tax-exempt status with consistent accounting standards and submit an IRS Form 990* each year. Do nonprofits pay income tax on investments? . Tax-exempt organizations are eligible to make investments in stocks, bonds, and other financial instruments. Schedule a Free Consultation with The Charity CFO.

Nonprofit 85

Nonprofit CFO Sales Compliance 85

CFO Leadership

OCTOBER 18, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. All of this remains to be seen, as the audit and accounting industry contemplates how to apply the core principles of sound financial controls to this emerging mercurial space. With a large and diverse enough data set (e.g.

Finance 52

Finance Accounting Auditing IFRS 52

Future CFO

OCTOBER 8, 2023

Hefty cost of IFRS 17 The total cost faced by the global insurance industry to implement the IFRS 17 accounting standard is now estimated to be US$21-27billion, WTW observed. Dividend-paying capacity unaffected: Nearly all 2023 survey participants declared that dividend-paying capacity has been unaffected by IFRS 17.

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IFRS Accounting Standards Accounting Investments 52

CFO Talks

JUNE 20, 2022

The International Accounting Standards Board issued new protocols on climate reporting and the interesting distinction there is that there are two sets of protocols or soon-to-be standards, the one is related to climate change and then the other is related to sustainability, which relates to the business efficiencies.

Manufacturing 52

Manufacturing Accounting Standards Auditing Education 52

The Charity CFO

AUGUST 15, 2023

For accountants, this means the profit-generating strategies and investment ideas you bring to the table are still applicable and can make a massive impact. The IRS report only pays attention to tangible monetary value which means things like in-kind services or unrealized gains/losses on investments are excluded.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

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

The Charity CFO

NOVEMBER 30, 2023

Revenue recognition is even more complicated than ever thanks to the changes in how FASB (Financial Accounting Standards Board) now requires nonprofits to record donations. The investment now will save you in the future. When it comes to your organization’s accounting, it’s not worth the risk to do it all by yourself.

Nonprofit 52

Nonprofit Auditing Compliance Education 52

The Charity CFO

DECEMBER 28, 2022

You have a primary responsibility to your donors, grantmakers, and other stakeholders to find ways to share these statements while still following the highest accounting standards. This is anything that belongs to the nonprofit, including property, cash, equipment, investments, receivables, prepaid expenses, and pledged donations.

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Nonprofit GAAP Accounting CFO 52

The Finance Weekly

APRIL 28, 2024

Here's a hint: using automation can really make the most of your QuickBooks investment. Spreadsheet Server by insightsoftware insightsoftware offers all-in-one solutions for the Office of the CFO. Covering FP&A, accounting, and operations, this program changes how teams work, helping leaders make swift decisions.

Financial Planning and Analysis (FP&A) 52

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

The Charity CFO

JANUARY 21, 2022

If you’re looking for info on fund accounting in government here is a great resource for you. Both Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) 116/117 require at least a minimum level of fund reporting, so you’ll need it in order to pass an audit.

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Nonprofit Accounting GAAP Accounting Principles 98

Future CFO

JUNE 22, 2022

The total cost faced by the global insurance industry to implement the accounting standard is now estimated by WTW to be US$18 billion to US$24 billion, survey report indicates. People: More than 10,000 people will be required to deliver the accounting standard in the next two to three years.

IFRS 52

IFRS Accounting Standards Valuation Accounting 52

CFO News Room

FEBRUARY 6, 2022

BlackRock regularly makes demands such as these of its portfolio companies, requiring them to meet the standards of its “sustainability accounting standards board.”. Then last year a little-known investment firm called Engine No. The company stated that its first responsibility was to make money for shareholders.

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Investments Accounting Standards Economics Treasury 100

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. CFO in 2020: Influencing digital innovation. CFO as the pillar of strong culture.

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CFO Finance Reconciliations Accounting Standards 52

The Charity CFO

MAY 11, 2023

A study by the Stanford Social Innovation Review found that nonprofits that invested in strong financial management practices, including bookkeeping, were more likely to achieve their mission and grow their organization. The post Outsourced bookkeeping for a nonprofit appeared first on The Charity CFO. Get the free guide!

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

Michigan CFO

MARCH 21, 2023

In accounting, indefinite lifespan refers to an asset where its rate of capital depreciation isn’t known or cannot be easily calculated. This is good news for business owners because the tax rates for a long-term capital gain investment are less than other asset tax rates, such as short-term capital gains.

Valuation 40

Valuation CFO IFRS GAAP 40

Fpanda Club

SEPTEMBER 2, 2021

FP&A directors can often boast of a considerable track record in financial planning and analysis, also they understand very well the finance function in general and the business model of the company, which leads them to the next step of their careers as Chief financial officer (CFO).

Financial Planning and Analysis (FP&A) 130

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

PYMNTS

OCTOBER 11, 2018

Corporates are gearing up to manage a whole slew of accounting standards changes in the coming years, but one of the more immediate effects involves how leases are recorded on financial statements. Some companies may seek legal advice on adopting the new standards or interpreting loan covenants.

Accounting 49

Accounting Accounting Standards Financial Reporting CFO 49

CFO Talks

DECEMBER 26, 2021

South African-born Daniel Raubenheimer is a passionate MBA graduate with cross-functional experience in tech, FMCG and manufacturing, he’s now CFO at Silon in Atlanta, USA, a leading producer of technical compounds and polyester staple fibres. CFO Talks is a brand of the South African Institute of Business Accountants.

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Manufacturing CFO Budgeting IFRS 75

Future CFO

DECEMBER 31, 2021

In response, 82% of CFOs report that investments in digital are accelerating faster than in other areas, including talent, supply chain, business services or fixed assets. What does this mean to the finance and accounting team of 2022? CFOs will have an expanded role to include ESG oversight.

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Leadership Finance GAAP Forecasting 98

CFO Talks

DECEMBER 26, 2021

SAIBA’s CEO, Nicolaas van Wyk, provides interesting feedback from the recent CFO World Congress in Mexico, how developments at COP26 will soon change a CFO’s reporting obligations, and the trends for CFOs going into 2022. CFO Talks is a brand of the South African Institute of Business Accountants.

CFO 40

CFO Profit and Loss Finance Accounting 40

The Charity CFO

DECEMBER 8, 2022

Grants may include: Investments relation to programs. According to the Financial Accounting Standards Board (FASB) guidelines, a grant should be recognized as revenue when all eligibility requirements have been met by the recipient and there is reasonable assurance that the revenue will be collected. Scholarships. Fellowships.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

Future CFO

SEPTEMBER 24, 2019

Singapore need to further digitize when it comes to accounting and tax, according to the TMF Group. While the island state has adhered relatively well to international accounting standards—a trend only seen in 21% of jurisdictions in Asia Pacific, it trails behind its Asian counterparts in digitization, TMF Group pointed out.

Accounting 40

Accounting Invoicing Accounting Standards Compliance 40