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What is Amortization of Intangible assets?

CFO Share

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.

GAAP 52
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Nonprofit Accounting Services: The Right Solution

The Charity CFO

Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting. 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.

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Best Practices from the CFO Suite

BlueLight

Post Series B, it becomes a full-time job to support strategic planning. Building strategic goals with the CEO and Board of Directors, then making sure the functional organizations get the information they need to execute on the strategy.” Their value is in strategic planning. Strategic planning ?—?Many

CFO 52
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Strategic Finance Focus at Year-End

VCFO

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. It is critical to engage in strategic planning for the year ahead. It is important to ensure that is happening.

Finance 89