Remove Accounting Remove Accounting Principles Remove Budgeting Remove Leadership
article thumbnail

When Does Your Nonprofit Need an Audit?

The Charity CFO

Don't hire the wrong accountant for your nonprofit! The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Get this FREE guide to discover what you need to do to ensure you hire the right accountant, bookkeeper, or CFO the FIRST time. Changes in services, programs, or leadership .

article thumbnail

5 Habits of Highly Effective CFOs

The Finance Weekly

They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. CFOs rely on robust finance and accounting expertise, backed by years of experience, to boost the organization's financial health. Address accounting and finance issues.

CFO 52
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Highest Paid CFOs in the World in 2024

The Finance Weekly

Pichette's notable contributions to Alphabet's transition from Google improved its operational efficiency and leadership in sustainability initiatives. His expertise and leadership make him a valuable asset as CFO. His main job is to handle all money matters at SoFi, like planning, accounting, and dealing with investors.

CFO 97
article thumbnail

Controller vs. CFO: Which is Best for your Company?

The Finance Weekly

A controller (or comptroller in government roles) is the company’s lead accountant and the one in charge of running day-to-day activities of the accounting department. They maintain accurate financial records and are usually senior managers with lots of accounting experience and responsibility. The case for a controller.

CFO 52
article thumbnail

7 Essentials Of Nonprofit Financial Management

The Charity CFO

Accountability for everyone involved. When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). A Nonprofit Budget. A nonprofit budget is a planning document that helps predict expenses, allocate resources, and monitor ongoing operations throughout the year.

article thumbnail

How to Build Shareholder Trust with Reliable Financial Reports

Planful

In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. The company’s leadership used fake holdings and off-the-books accounting practices to deceive regulators. Include critical accounting policies in the notes with the relevant items.