Fpanda Club

SEPTEMBER 2, 2021

Performance management is a range of practices which a company uses to measure its performance and communicate results. However, interpersonal and communication skills are equally important, especially today when we are witnessing a huge shift of the FP&A organization towards business partnership model.

Financial Planning and Analysis (FP&A) 130

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

Bramasol

SEPTEMBER 29, 2023

Globalization CFOs have long needed to assure compliance with two different standards-setting bodies. The first is the Financial Accounting Standards Board (FASB) in the United States. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

IFRS 97

IFRS Technology SAP Compliance 97

CFO Share

NOVEMBER 15, 2023

An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) This will include auditor recommendations but also audit-process issues like communication, file sharing, and general project management. Most accountants want to fix every issue identified, but business resources are limited. What did not go well?

Auditing 52

Auditing IFRS GAAP Invoicing 52

Future CFO

MARCH 8, 2023

“Managing change in the past when we were all in a room together was tough, but now having to manage change in a hybrid working environment requires double the effort, repetitive communication and better ways of ensuring that the change is well thought through and executed properly,” he continued. (3)

CFO 98

CFO Communication Economics Finance 98

The Charity CFO

MAY 11, 2023

Make sure that you find a partner in your service provider and ensure that your access and communication channels are clearly defined. You may also choose to outsource certain aspects of your accounting that may require less immediate access. Timeliness and Accessibility Access is another common fear.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),

Finance 95

Finance Accounting Auditing IFRS 95

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

Future CFO

DECEMBER 31, 2021

Here are the five most important skills identified: A strong understanding of risk management The ability to use new software or technology The ability to communicate complex financial information to different stakeholders A strong understanding of financial best practices The ability to collaborate with colleagues from other functions.

Leadership 98

Leadership Finance GAAP Forecasting 98

CFO Leadership

OCTOBER 18, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),

Finance 52

Finance Accounting Auditing IFRS 52

The Charity CFO

AUGUST 15, 2023

It’s the accountant’s job to properly manage grant funds and ensure that they are meeting the grant guidelines and creating the proper reports. In some cases, they’ll also be responsible for communicating with grantors. Accountants typically work closely with external auditors during the annual audit process.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

The Charity CFO

DECEMBER 15, 2023

Like restricted and unrestricted funds, keeping grant and sponsorship money can save you headaches at tax time (and when communicating with donors ). A strong in-kind donation recording system will help you stay in compliance with accounting standards for in-kind contributions. Need Help Recording Revenue?

Nonprofit 52

Nonprofit Compliance CFO Valuation 52

Spreadym

JUNE 27, 2023

Investor Relations and Stakeholder Communication: Financial Planning and Analysis supports effective communication with investors, shareholders, and other stakeholders. FP&A reports and presentations communicate the organization's financial performance, growth strategies, and value creation initiatives.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

DECEMBER 16, 2016

The move to embrace automation, said Krumwiede, represents a “slow evolution,” with inefficiencies still extant as there must be communication between departments and data must be compiled and formatted in the practice of reconciliation. The optimization of the accounting process, he said, is difficult at times with limited staff.

IFRS 74

IFRS Reconciliations GAAP Accounting Standards 74

Future CFO

AUGUST 22, 2019

IFRS 16, published by the International Accounting Standards Board (IABS), came into effect on January 1, 2019. Most organizations operating in Asia Pacific are aware of this new standard but may not be aware of a better way to make the transition.

IFRS 52

IFRS Accounting Standards Finance Treasury 52

CFO Talks

APRIL 11, 2022

The one thing that’s always constant in our world is change, things are changing all the time, whether it is accounting standards, tax, I think the big one that’s front and centre is technology, automation, AI, robotics and so on. I think that’s got to be part of every accounting professional’s toolbox.

CFO 40

CFO Leadership Communication Accounting 40

The Charity CFO

DECEMBER 8, 2022

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. Accounting for grants should be approached with an abundance of caution.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

CFO Talks

FEBRUARY 21, 2022

Particularly in this profession, things change quickly, accounting standards change quickly, and one needs to keep up with that. In my discussions with CFOs it’s things like communication, strategy, team management, motivation, how do you keep your team motivated. I agree 100%.

CFO 40

CFO Accounting Accounting Standards Auditing 40

PYMNTS

SEPTEMBER 27, 2017

Justin Lavelle, communications director of BeenVerified.com and a frequent writer on how to avoid scams, noted that even back in 2005 (practically the dark ages when it comes to the internet), while the U.S. Experts weigh in. Perhaps unsurprisingly, many of them gave overlapping advice. Watch out for fake websites and social media pages.

Securities 52

Securities Accounting Standards Communication Numbers 52

VCFO

NOVEMBER 1, 2023

Assessing Accounting For entities preparing GAAP compliant financial statements, adoption of Revenue Recognition Standard (ASC 606) and Lease Accounting Standard (ASC 842) is now mandatory. Evaluating the carrying value of intangible assets such as goodwill and intellectual property.

Finance 91

Finance Strategic Planning Auditing CFO 91

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 tools enhance collaboration, communication, and accountability among team members.

Financial Planning and Analysis (FP&A) 52

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

CFA Institute

MAY 19, 2021

A key lesson from the "Enron of Germany": If you see something, say something.

Performance Measuring 52

Performance Measuring Accounting Standards Communication Leadership 52

Future CFO

NOVEMBER 18, 2019

With new accounting standards, including, but not limited to, revenue accounting and lease accounting, organizations will need to integrate new application software with enterprise resource planning (ERP) to manage the complexities.

CFO 52

CFO Finance Reconciliations Accounting Standards 52