Michigan CFO

MARCH 21, 2023

In accounting, indefinite lifespan refers to an asset where its rate of capital depreciation isn’t known or cannot be easily calculated. A Challenging Endeavour in Practice While the above formula appears simple enough, accountants struggle to find consistency when determining goodwill asset value.

Valuation 40

Valuation CFO IFRS GAAP 40

CFO News Room

JANUARY 18, 2023

The question of whether a company is making or losing money should be a simple one to answer, especially in an age where accounting statements are governed by a myriad of rules, and a legion of number-crunchers follow these rules to report profits generated by a firm. The numbers yield interesting insights. . Implications.

Marketing 130

Marketing Hurdle Rate Investments Accounting 130

Planful

JANUARY 19, 2016

When I was a staff accountant back in the mid-1980s, I remember spending many nights and weekends working to close the year-end books. Life is so much easier for accounting and Finance staff now with today’s technology. Correctly accounting for minority interests. Built-in accounting for minority ownership.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

Planful

FEBRUARY 21, 2017

It usually begins with the collection of financial results from multiple systems, divisions, and subsidiaries with each having their own charts of accounts and business practices. These results then require consolidation following US GAAP or IFRS guidelines. Attend to Reconciliations Early.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

The Charity CFO

JANUARY 19, 2023

Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Because of their unique structure and operational model, nonprofits must comply with various accounting standards that are, in many ways, different from for-profit organizations.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

https://trustedcfosolutions.com/feed/

FEBRUARY 18, 2022

Choosing the right accounting software is important. Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place. However, there are exceptional cloud accounting software programs that can take that complexity and make it simple.

GAAP 116

GAAP IFRS Compliance Forecasting 116

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

Planful

JUNE 22, 2017

Financial Consolidation in the Accounting World. But in the accounting world, “financial consolidation” is a well-defined process that includes several complexities and accounting principles. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g.,

Accounting 40

Accounting General Ledger IFRS GAAP 40

Onplan

NOVEMBER 30, 2022

Users report that locked versions change as accounts, level structures, or simple formula calculations change, which can be frustrating for less tech-savvy budget owners. Centage Budget Maestro: You can use Centage Planning Maestro in conjunction with Centage Budget Maestro for your general accounting software needs.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52