Fund Accounting for Nonprofits & Charities

The Charity CFO

And the issue of restricted funds presents unique bookkeeping and accounting challenges for a nonprofit that a for-profit company doesn’t face. This accounting system is called fund accounting. Who’s Required to Use Fund Accounting? . What is fund accounting? .

Accounting Security: How To Keep Financiallv Data Secure And Safe.

CFO Network

The nightmare for accountants and businesses alike is a growing issue. Why Accounting cyberattacks are on the rise, and what you can do about it. The cloud is a great way to make accounting more accessible, but it also presents new risks that must be considered.


Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Reverse Factoring Intensifies The B2B Late Payments Debate


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. Scottish Firms Fair Non-Payment.

B2B 40

Business Leaders Chosen To Scrutinize UK Accounting Watchdog


have been chosen to lead the inquiry into the nation’s accounting watchdog and assess whether the body is effective at identifying and preventing accounting issues. M&G chief executive Anne Richards, HM Treasury non-executive director and deputy chair of Kinnevik Amelia Fawcett, and former audit partner at PwC and former chair of the Accounting Standard Board Mary Keegan are all on the panel. A group of 11 business executives in the U.K.

FinTech Targets The Cash Flow Needs Of CPAs


The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise. These solutions create a disjointed, and sometimes ‘bloated’ experience for accounting professionals.”.

KPMG, PwC, EY To Put $9B Toward AI, Data Tech


The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax.

Big Four Seek Guidance On Trade Finance


Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct. financings) in the calculation of financial ratios and for purposes of determining compliance with financial covenants,” the Big Four firms said in the letter, per the report.


ASC 606 Nonprofit Revenue Recognition Rules for Exchange Transactions

The Charity CFO

All US businesses, for-profit and nonprofit, were subject to new revenue recognition standards starting by 2019. These new standards are detailed in ASC 606 and impact all companies that contract with customers to transfer goods or services.

More firms obtain independent assurance on ESG data

Future CFO

The number of global companies obtaining independent assurance on their ESG information increased from 51% to 58% in 2020, compared to the previous year, said the International Federation of Accountants ( IFAC ) recently.


Best Practices from the CFO Suite


My motivation was to understand the responsibility of the CFO suite, the process of billing to accounting, and the software tools available to run an effective finance office. One is accounting: you need this done properly to inform the next two. Accounting ?—?Nearly

CFO 52