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MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

However, even though medical equipment leasing bundled with other services and products is making relationships with customers more holistic, the backend systems for handling lease management and accounting have mostly remained in separate silos from those for subscription management and revenue recognition.

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Best Practices to Perfect Your Month-End Close With Sage Intacct

https://trustedcfosolutions.com/feed/

Identifies variances and anomalies that don’t comply with accounting standards with intuitive dashboards and reports that work based on your preset conditions. Best Practices Your accountant is under a lot of pressure at the end of the month to manage the close in a timely manner.

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The Changing Role of CFOs in a Technology-Driven World

Bramasol

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 95
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Digital Solutions Economy Initiatives in the Software and SaaS Industry

Bramasol

Compliance: The adoption of ASC 606 and IRFS 15 accounting standards for revenue recognition introduced new requirements for SaaS companies, particularly around the allocation of revenues and the recognition of variable consideration.

SAP 77
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Reverse Factoring Intensifies The B2B Late Payments Debate

PYMNTS

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

B2B 40
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Top 5 Mistakes Caught in a Nonprofit Audit

The Charity CFO

Solution: Create a Strong Accounting Process Nonprofit leaders can solve this problem by creating and implementing strong internal controls for the organization. You’ll likely want to ask your nonprofit accountant to help you set up your accounting systems so you know they’re correct from the start.

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What is Net Book Value?

The Finance Weekly

This discrepancy is largely attributable to tax strategies that leverage depreciation and amortization expenses to minimize taxable income , often resulting in a significant gap between NBV and market value early in an asset's life. Income Generation: It should be actively utilized in business operations to generate revenue.

GAAP 52