Bramasol
JULY 31, 2023
It can quickly become unmanageable to try and handle lease contract management, lessor accounting, maintenance services, sales of consumables, revenue recognition and disclosure reporting all with different siloed software. In addition, global companies need the flexibility to comply and report according to multiple accounting standards.
CFO Share
NOVEMBER 15, 2023
As a small business owner or finance manager, it’s crucial to approach this process with a clear plan. This article includes small business accounting tips to prepare for an audit while minimizing its expenses and findings. An audit evaluates: Compliance with accounting standards (GAAP or IFRS.)
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CFO Share
NOVEMBER 11, 2023
Similar to depreciation, amortization has different treatment for taxes versus GAAP financial statements. As a result, when given the option, your accountant should amortize an intangible asset faster for taxes and slower for company books. This tactic maximizes book earnings while minimizing tax burdens.
Future CFO
APRIL 18, 2022
DOWNLOAD NOW. The post IBM Cognos Controller: Financial close management managed by the office of finance appeared first on FutureCFO.
E78 Partners
SEPTEMBER 21, 2023
This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit. Furthermore, in an era of intricate financial landscapes, preparing for compliance with complex accounting standards becomes non-negotiable.
Planful
JULY 5, 2016
But Robert Kugel , SVP and Research Director at Ventana Research, recently published an article highlighting the impact the new guidelines can have on budgeting and planning. However, the revenue recognition guidance offered under US GAAP vs. IFRS has differed and was in need of improvement. Background – What’s Changing and When?
The Charity CFO
APRIL 13, 2023
Accounting Standards In the United States, all organizations must adhere to the Generally Accepted Accounting Principles (GAAP). For nonprofits, however, there is an additional and specific set of standards that organizations must follow, as set out by the FASB 117.
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