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What to expect from accounting firms specializing in nonprofits

The Charity CFO

Is there an advantage to working with accounting firms specializing in nonprofits? However, running a nonprofit comes with unique challenges that require specialized expertise, particularly in financial management and accounting. Grant Accounting Many nonprofit organizations rely on grants to fund their programs and services.

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What Controllers Can Do to Help Leverage FP&A Solutions

The Finance Weekly

Compliance: Abide by laws regarding environmental regulations, financial reporting, etc. The responsibilities of controllers today extend to more than just accounting and forecasting; FCs are now expected to engage in business administration and financial planning.

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Accelerating Growth with the Buy and Build Roll-Up Approach: How E78 Partners Drives Success 

E78 Partners

Additionally, it provides an opportunity to leverage specialized expertise from different target companies and capitalize on synergies for accelerated growth. Adding to the complexity is the known shortage of skilled accounting and finance professionals available in the marketplace.

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Beyond the Basics: 7 Key Focus Areas for New CFOs

CFO Talks

The position of Chief Financial Officer has evolved significantly over the past few decades. No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making.

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From Necessary Evil to Mission Fuel: The Strategic Role of Nonprofit Financial Statements

The Charity CFO

This information is crucial for financial planning, budgeting, and identifying potential areas of revenue growth. It enables financial analysis to identify cost-saving opportunities, manage expenses, and ensure efficient resource allocation. accounts payable, loans). cash, investments, receivables) and liabilities (e.g.,

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Preparing Your Finance Organization for the New Era of AI

CFO Leadership

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. AI is a tool and not a replacement for finance professionals.

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What Does Chat GPT Mean for Finance Teams?

Beacon CFO Plus

Financial institutions are increasingly leveraging NLP technologies to improve their customer service and streamline various financial processes. GenCFO recently polled their users on LinkedIn and found that 65 percent felt that Chat GPT has a place in accounting and finance.

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