Beacon CFO Plus

NOVEMBER 30, 2023

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

CFO Dive

APRIL 21, 2022

accounting standards setter will likely affirm the proposed two-year extension of LIBOR-related accounting relief unless it gets new feedback during the public comment period, according to a FASB spokesperson.

Accounting 141

Accounting Accounting Standards 141

CFO Dive

MARCH 29, 2024

The proposed accounting standards update is one of several initiatives that have been a priority for FASB under the general theme of disaggregation.

Accounting Standards 225

Accounting Standards Accounting 225

The Charity CFO

APRIL 20, 2023

How can nonprofit accounting software help your organization with efficiency? In today’s digital age, technology has revolutionized almost every aspect of business operations, including accounting and finance. For-profit companies have long used accounting software to track their financial transactions and monitor their bottom lines.

Nonprofit 98

Nonprofit Accounting Accounting Standards Budgeting 98

CFO News

OCTOBER 25, 2023

The Adani Group has stated that it has followed all relevant accounting standards and laws. The National Financial Reporting Authority (NFRA) has requested audit affiliates of Deloitte, EY, KPMG, Grant Thornton, and two Ahmedabad-based CA firms to provide information regarding their audit practices while auditing Adani companies.

Accounting Standards 52

Accounting Standards Auditing Accounting Financial Reporting 52

CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Finance 95

Finance Accounting Auditing IFRS 95

CFO Dive

OCTOBER 3, 2023

The board may remove some "non-authoritative" definitions from the codification — effectively the bible of generally accepted accounting standards.

GAAP 268

GAAP Accounting Standards Accounting 268

CFO Dive

DECEMBER 15, 2023

standard setter has issued nine new accounting standards updates so far this year, compared to six in all of 2022.

Accounting Standards 247

Accounting Standards Accounting 247

Future CFO

NOVEMBER 5, 2023

Mayank Gupta , CFO at India-based digital automotive solutions provider CarDheko Group , talks on what role financial leaders play in making sure that the company is IPO-ready. Long-term revenue growth In the pursuit of long-term revenue and profit growth, the CFO takes on a central role.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Benchmarking Risk Management 52

The Charity CFO

JULY 28, 2022

Updated standards on accounting for nonprofit leases ( ASC 842 ) go into effect this year for most organizations–and next year for the few remaining exceptions. If you’re not sure that your organization has adopted the new standards detailed in ASC 842, then keep reading. What is ASC 842 for nonprofit lease accounting?

Nonprofit 98

Nonprofit Accounting Accounting Standards CFO 98

The Charity CFO

JANUARY 21, 2022

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. This accounting system is called fund accounting. Who’s Required to Use Fund Accounting? .

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

Future CFO

SEPTEMBER 24, 2023

Manish Modani , CFO at RDC Concrete (India) , discusses what fuels the newfound appreciation for financial expertise hence the observed evolution to the CFO role. Over the past few decades, the role of the CFO has undergone a remarkable transformation.

CFO 52

CFO Manufacturing Accounting Standards Compliance 52

The Charity CFO

AUGUST 15, 2023

Myths of Nonprofit Accounting and Why They Matter to Job Seekers Unfortunately, many job seekers fall victim to the stereotypes and believe the myths surrounding nonprofit accounting. In this section, we will debunk the three most common nonprofit accounting myths. Ready to dive deep into this exciting realm?

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

CFO Dive

JULY 17, 2023

The current expected credit losses accounting standard was aimed at fostering timelier reporting of deteriorated assets. It’s been controversial.

Accounting Standards 200

Accounting Standards Accounting 200

CFO Thought Leader

MAY 21, 2023

While chief accountant for the SEC’s investment management division, Alison Staloch reports, she found herself being greeted by a degree of inclusive enthusiasm that she had seldom encountered before. Says Staloch: “At the time, I still had thoughts about going back to public accounting. I thought to myself, ‘Wow!—this

CFO 52

CFO Investments Accounting Accounting Standards 52

CFO Dive

JUNE 29, 2023

The FASB is poised to tweak existing accounting standards which originally sought to address calls for timelier loss reporting after the 2008 financial crisis.

Accounting Standards 186

Accounting Standards Accounting 186

CFO Leadership

OCTOBER 18, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Finance 52

Finance Accounting Auditing IFRS 52

CFO Dive

MARCH 15, 2023

While previous FASB efforts to update accounting standards for taxes have fizzled, Chair Richard Jones has said tweaks to the project’s scope have made it achievable.

Accounting Standards 207

Accounting Standards Accounting 207

CFO Dive

MARCH 27, 2023

The changes to lease accounting standards (Topic 842) provide narrowly targeted relief for some companies grappling with the guidance from 2016.

Accounting Standards 205

Accounting Standards Accounting 205

CFO Dive

SEPTEMBER 20, 2023

For the first time in nearly 40 years the Financial Accounting Standards Board is working to update its guidance on software costs

Accounting Standards 161

Accounting Standards Accounting 161

CFO Dive

OCTOBER 1, 2022

exchanges comply with the country’s accounting standards. The penalty is the latest sign of regulators’ battle to ensure foreign companies on U.S.

Accounting Standards 208

Accounting Standards Accounting 208

CFO Dive

MARCH 14, 2022

Although the Financial Accounting Standards Board took no action on the matter at its early-March meeting, members signaled they’d like to stop counting a company’s customer relationships as an asset.

Accounting Standards 246

Accounting Standards Accounting 246

The Charity CFO

JANUARY 18, 2022

Zack joins us after two decades as a not-for-profit accountant in both public accounting and the nonprofit industry. In this new role, he will serve as one of our in-house experts on existing and emerging nonprofit accounting standards and auditing best practices. Please join us in welcoming Zack Meyer to The Charity CFO!

CFO 52

CFO Nonprofit GAAP Accounting Principles 52

VCFO

JULY 22, 2022

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward.

Accounting 78

Accounting Accounting Standards Economics Advertising 78

VCFO

MAY 30, 2022

Joining vcfo’s Houston market as a Consulting CFO is Jose Perez-Bello. Prior to joining vcfo, Jose held roles as Fractional CFO with the Strategic CFO, CFO, Executive Director, and Senior Vice President for Greenfields Petroleum Corporation, as well as senior roles with Enron International, Enron Energy Services, and Brunel Energy.

CFO 52

CFO Auditing Leadership Financial Modeling 52

CFO Dive

MAY 12, 2022

The board is getting serious about improving accounting standards for digital assets even as a crypto market slump is hammering valuations.

Prioritization 219

Prioritization Accounting Standards Valuation Accounting 219

Bramasol

SEPTEMBER 29, 2023

Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too.

IFRS 97

IFRS Technology SAP Compliance 97

CFO Network

SEPTEMBER 9, 2022

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. Know Your Threats. Train Your Staff. Know Your Regulations.

Securities 52

Securities Accounting CFO Accounting Standards 52

CFO News

AUGUST 1, 2023

In its order, Sebi found that MSEI during preparation of the books of accounts on a going concern basis failed to provide necessary projections in terms of Indian AS1 (Accounting Standard 1) and failed to seek relaxation regarding Key Management Personnel (KMP).

Accounting Standards 52

Accounting Standards Securities CFO Accounting 52

The Charity CFO

DECEMBER 8, 2022

But in order to get the most out of these grants, you need to understand how to properly manage and account for them. The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. 8 Best Practices When Accounting For Grants.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting. Benefits of Nonprofit Accounting Services. Nonprofit organizations exist to further a mission or goal.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

CFO Dive

MARCH 23, 2022

The 2022 reporting taxonomies include updates to accounting standards on credit losses and balance sheet offsets, among other things, the Financial Accounting Standards Board says.

Accounting Standards 130

Accounting Standards Accounting 130

CFO Dive

JUNE 30, 2022

accounting standard setter drew a three-fold jump in investor feedback after launching an initiative in 2020 to get more input on where it should focus its efforts.

Accounting Standards 152

Accounting Standards Accounting 152

CFO Dive

JULY 18, 2022

The Financial Accounting Standards Board Chair Richard Jones discussed the organization’s agenda, a possible quick fix and the accounting topic that finally trended on social media.

Accounting Standards 130

Accounting Standards Accounting 130

PYMNTS

FEBRUARY 5, 2020

In finance, accounting is everything. Accounting for everything, especially when it comes to credit — in other words, taking stock and measure of where lending activities have been concentrated, where risk is and where losses may loom — is as much art as science. billon, American Express by $2.7 Peeking Under the CECL Hood.

Accounting 63

Accounting Banking CFO Forecasting 63

CFO News

AUGUST 10, 2023

ECL Guidelines: The ECL framework is envisaged under the new Indian accounting standards or Ind-As, which are expected to be adopted by banks in the next two years.

Accounting Standards 98

Accounting Standards Accounting Banking 98

CFO Dive

FEBRUARY 3, 2022

The Financial Accounting Standards Board also wants lenders to report on current-year gross write-offs by year of origination.

Accounting Standards 130

Accounting Standards Accounting 130