PYMNTS

OCTOBER 9, 2018

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021.

Accounting Standards 61

Accounting Standards Accounting Banking Corporate Finance 61

PYMNTS

OCTOBER 18, 2019

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., is offering corporates more time to adopt some revised standards, The Wall Street Journal said on Thursday (Oct. 15, 2022 to adopt CECL. 15, 2019 deadline for large public lenders has not changed.

Accounting Standards 40

Accounting Standards Accounting Nonprofit Compliance 40

Bramasol

JULY 31, 2023

This new post provides a deeper look at how the leasing of medical equipment along with other bundled services or products presents particular challenges for meshing contracts and lessor accounting with DSE management and revenue recognition. According to Allied Market Research, "The global medical equipment rental market was valued at $56.0

Accounting 77

Accounting SAP GAAP IFRS 77

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

PYMNTS

AUGUST 15, 2019

Enterprise lease accounting software company LeaseAccelerator is teaming up with Clearlink Partners to help joint clients ease the administrative burden of complying with changes in lease accounting standards. The companies announced their partnership in a press release issued Wednesday (Aug.

Compliance 40

Compliance Accounting Accounting Standards Technology 40

CFO Leadership

OCTOBER 10, 2023

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. However, they still have a place in corporate finance and accounting.

Finance 95

Finance Accounting Auditing IFRS 95

Bramasol

JUNE 10, 2022

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger.

Accounting Principles 86

Accounting Principles IFRS SAP Accounting 86

Bramasol

MARCH 24, 2022

This important issue was previously explored last year in Are You Ready for "Carbon Accounting" Compliance? A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? and also identified as one the Five Key Trends to Watch in 2022.

Accounting 83

Accounting SAP Analyzing Data IFRS 83

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

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

PYMNTS

JUNE 4, 2020

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant. In the U.S.,

Accounting 52

Accounting Accounting Standards Cash Flow Forecasting Compliance 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

Spreadym

JUNE 13, 2023

The chart of accounts is a systematic listing of all the financial accounts used by an organization. It serves as a framework for organizing and classifying financial transactions, providing a standardized structure for recording and reporting financial information. This code helps identify and locate the account easily.

Accounting 52

Accounting Financial Analysis Compliance Benchmarking 52

CFO Leadership

OCTOBER 18, 2023

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. However, they still have a place in corporate finance and accounting.

Finance 52

Finance Accounting Auditing IFRS 52

PYMNTS

JANUARY 2, 2020

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., It also provides a new standard for companies that struggle with the implementation of the technology, according to a report by Compliance Week.

Accounting 58

Accounting Accounting Standards Nonprofit Compliance 58

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

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. Improves compliance. Saves time and money.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

PYMNTS

JANUARY 30, 2020

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases.

Accounting 40

Accounting Accounting Standards Compliance Securities 40

PYMNTS

MARCH 30, 2020

1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). Bank regulators have rolled back the Jan. National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

Accounting Standards 66

Accounting Standards Banking Credit Risk Compliance 66

Future CFO

NOVEMBER 2, 2020

China is the most complex jurisdiction for financial compliance in Asia Pacific while Hong Kong is the easiest, said TMF Group recently. By contrast, Hong Kong, Australia, Singapore, New Zealand and Philippines were seen as the least complex for multinational companies when it comes to accounting and tax laws and practices, the report states.

Compliance 40

Compliance IFRS GAAP Accounting Principles 40

E78 Partners

SEPTEMBER 21, 2023

This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit. Furthermore, in an era of intricate financial landscapes, preparing for compliance with complex accounting standards becomes non-negotiable.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

CS Lucas

NOVEMBER 29, 2023

There are rollover dates, renewal terms, mandatory pre-payments, covenant compliance, reporting deadlines, administration fees, and much more to orchestrate. This covers volumes, rates, currencies, compliance terms, documentation, counterparties, jurisdictions , timelines, and associated analytics.

Technology 52

Technology Treasury IFRS Compliance 52

The Charity CFO

APRIL 13, 2023

In order to successfully manage the financial health of your nonprofit organization, here are 7 key concepts you should understand: Compliance and Audit Requirements Compliance is the act of ensuring the public that nonprofits are abiding by the rules that allow them to take advantage of tax exempt status and other financial incentives.

Nonprofit 52

Nonprofit Compliance Accounting Standards Budgeting 52

Future CFO

OCTOBER 29, 2023

FP&A functions bring in a lot of value to the banking sector across numerous time horizons simultaneously--even in the highly compliance-focused area of meeting the requirements of important new accounting standards. These have developed continuous monitoring capabilities that serve as a shield.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Risk Management Banking Accounting Standards 52

CFO Share

NOVEMBER 15, 2023

This article includes small business accounting tips to prepare for an audit while minimizing its expenses and findings. An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) Risks of fraud or non-compliance. Consider them accounting tips from unbiased outsiders customized for your business.

Auditing 52

Auditing IFRS GAAP Invoicing 52

Bramasol

FEBRUARY 13, 2023

Accounting and finance processes as businesses look to automate and streamline their financial operations. Long-term contracts: With many SaaS customers committing to long-term contracts that include usage, entitlements and other rights, it can be difficult to track and support actual consumption while assuring accounting compliance.

SAP 79

SAP Compliance Leverage Accounting Standards 79

The Charity CFO

DECEMBER 15, 2023

This can lead to unique accounting and recordkeeping challenges that for-profit businesses don’t have to face—especially related to revenue classification. Accurate revenue recognition, classification, and records are some of the most important aspects of nonprofit accounting. Likewise, expenses are recorded when they are incurred.

Nonprofit 52

Nonprofit Compliance CFO Valuation 52

Future CFO

SEPTEMBER 24, 2019

Singapore need to further digitize when it comes to accounting and tax, according to the TMF Group. While the island state has adhered relatively well to international accounting standards—a trend only seen in 21% of jurisdictions in Asia Pacific, it trails behind its Asian counterparts in digitization, TMF Group pointed out.

Accounting 40

Accounting Invoicing Accounting Standards Compliance 40

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

The Charity CFO

NOVEMBER 30, 2023

Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit. This guide will help you better understand the common mistakes nonprofits make in their accounting systems.

Nonprofit 52

Nonprofit Auditing Compliance Education 52

CFO Share

NOVEMBER 11, 2023

Amortization of intangible assets is a routine accounting procedure, not a strategic focus for small businesses. Instead, they are created as an accounting “plug” to facilitate double-entry bookkeeping standards. This is tracked in an amortization schedule and maintained by your internal accountants.

GAAP 52

GAAP Accounting Standards Strategic Planning Compliance 52

PYMNTS

JULY 6, 2018

Australian regulators said they were disappointed in corporates’ lack of preparedness for new accounting rules. Directors and preparers should ensure that they understand the impact of new accounting standards and have systems and processes in place to support reporting under these new standards.”. 1 of this year.

Accounting 41

Accounting Auditing Accounting Standards Compliance 41

Future CFO

APRIL 18, 2022

Click on the link to download to discover in detail a list of the benefits that IBM Cognos Controller provide for finance teams: Data collection and validation Reconciliations Workflow and tasks to improve the close cycle Currency conversion Minority interest calculations Inter-company eliminations Group closing adjustments Management adjustments Allocations (..)

Finance 52

Finance IFRS GAAP Accounting Principles 52

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

The cloud accounting solution, Sage Intacct , is an excellent resource to keep your financials on track by creating an efficient month-end close without the headache or hassle of sorting through documents and tracking mistakes. Customize Your Chart of Accounts With Dimensions. Implement Automated Workflows.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

Future CFO

NOVEMBER 5, 2023

CFOs must uphold compliance with accounting standards and take a cautious approach to accounting positions, often providing additional disclosures in situations with any potential for debate. It promptly provides trustworthy and detailed financial information, a key factor in fostering investor confidence.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). “In many ways, they are.”

Accounting Standards 46

Accounting Standards Compliance Accounting Auditing 46

Future CFO

SEPTEMBER 24, 2023

While traditional financial tasks like managing books and records, financial reporting, and ensuring compliance are still important, they have become second nature to CEOs,” Modani said. “Over the past few decades, the role of the CFO has undergone a remarkable transformation.

CFO 52

CFO Manufacturing Accounting Standards Compliance 52