FASB to borrow from international rules for government grants
CFO Dive
APRIL 5, 2024
Many businesses and financial report preparers already rely on the IAS government grant accounting rules because GAAP is silent on the subject.
CFO Dive
APRIL 5, 2024
Many businesses and financial report preparers already rely on the IAS government grant accounting rules because GAAP is silent on the subject.
The Charity CFO
MAY 10, 2022
If your nonprofit uses donations of supplies, services, and even time to help fund your operations, you need to know about recent changes in accounting standards for in kind donations. But the deadline for making the changes has passed, and the FINAL deadline (for interim reporting periods) is coming up next month.
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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? .
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.
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?
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. Sound financial management helps avoid jeopardizing tax-exempt status and the success of your operation. .
The Finance Weekly
MARCH 25, 2024
Big companies used to hog all the CFO action, but now even small and medium-sized businesses are jumping on the bandwagon. Why the sudden CFO craze? Well, CEOs are cluing in on the fact that having a financial expert on board can steer their ship in the right direction and spur business growth. AMRSQ) stock valued at over $8.
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