The Charity CFO

MAY 12, 2025

When youre running a nonprofit, its tempting to think of accounting as something you can get by withmaybe its a part-time admin, a volunteer with QuickBooks experience, or a reactive scramble at tax time. But heres the truth: If your organization doesnt have a skilled accounting team, you dont just have a bookkeeping problem.

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Nonprofit Accounting Leadership CFO 90

CFO Talks

APRIL 15, 2025

Accountability Isnt Admin Its Your Performance Lever For all the talk about AI-driven forecasting, real-time dashboards, and digitising the finance function, there remains one cornerstone of high-performing finance teams that no technology can replace: accountability. But accountability goes a step further.

Accounting 52

Accounting Forecasting Auditing Compliance 52

The Charity CFO

JANUARY 22, 2025

Many nonprofit leaders think accounting belongs solely to their CFO or accountant. If youre a particularly small organization, it may even be the CEO who wrangles an accounting spreadsheet every once in a while. But what if the key to financial clarity and stability lies in sharing the load?

Nonprofit 52

Nonprofit Leadership Accounting Budgeting 52

Centage

NOVEMBER 16, 2022

Recognizing that organizations with access to and insights into the most data have the best chance of weathering the downturn, savvy business owners are taking steps to improve their financial reporting. Key Financial Reports to Run. The Importance of Automated Financial Reporting.

Financial Reporting 98

Financial Reporting Financial Planning and Analysis (FP&A) Leverage Forecasting 98

CFA Institute

APRIL 30, 2024

Nick Anderson was appointed as a member of the International Accounting Standards Board (IASB) in 2017. He has more than 30 years of practical experience, mainly as a buy-side investor using and supporting the development of high-quality financial reporting. He has a degree in economics, University College, Durham, UK.

Accounting Standards 52

Accounting Standards IFRS Accounting Investments 52

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.

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GAAP Financial Reporting Accounting 257

The Charity CFO

MARCH 6, 2025

The Importance of Setting Goals and Tracking Them in Nonprofit Management As nonprofit leaders, one of our biggest responsibilities is to set clear expectations, measure progress, and hold teams accountable. However, many organizations struggle with either setting goals without a tracking system or creating reports that never get reviewed.

Nonprofit 52

Nonprofit Accounting CFO Compliance 52

CFO Talks

NOVEMBER 20, 2024

For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.

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IFRS GAAP Currencies CFO 98

Global Finance

OCTOBER 28, 2024

To tackle the shortage of accountants, KPMG, Deloitte and their colleagues at PricewaterhouseCoopers (PwC) and EY have embraced the development of alternative pathways to CPA licensure. To become a certified public accountant (CPA), candidates would no longer need to present 150 college credit hours.

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Management Consulting Accounting CFO Finance 98

PYMNTS

JUNE 26, 2020

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 billion) in cash, the Financial Times reported. The island nation’s lenders, BDO Unibank Inc.

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Accounting Auditing Accounting Firms Banking 116

https://trustedcfosolutions.com/feed/

JUNE 23, 2022

Can you get real-time data from your accounting system? Sage Intacct can deliver accurate real-time data, reporting, and much more that will give you the competitive edge you need. Sage Intacct can deliver accurate real-time data, reporting, and much more that will give you the competitive edge you need.

Accounting 113

Accounting Restructuring Financial Reporting Sales 113

CFO Dive

JULY 27, 2022

Aspen’s hiring of Ernst & Young follows the resignation of KPMG after the insurer identified “material weaknesses” in internal controls related to its financial reporting.

Accounting 144

Accounting Financial Reporting 144

Centage

MARCH 2, 2022

To achieve this, you need a cloud-based financial reporting software that can support frequent forecasting, scenario planning, and reporting. While accuracy in reporting remains a top priority for CEOs, efficiency and speed follow close behind. Financial Reporting & Analytics Made Easy. Learn More.

Financial Reporting 98

Financial Reporting Budgeting Forecasting Sales 98

Global Finance

MARCH 2, 2025

Weve got what we think is a rather exciting model, which we describe in a working paper, that helps forecast in advance the likelihood that a firm will go on to commit accounting fraud. But mostwell, allof the research into accounting fraud has focused on detection rather than prevention. Joanne Horton: Yes.

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Forecasting Auditing Accounting Profit and Loss 112

CFO Dive

MARCH 14, 2022

The auto lender miscategorized cash flows in 2021, owing to a "material weakness" in the company’s financial reporting.

Accounting 130

Accounting Financial Reporting 130

CFO Talks

OCTOBER 23, 2024

Accountability in Finance Teams, Methods and Benefits Accountability is a big deal in any business, but for finance teams, it’s especially important. Methods for Building Accountability Clear Roles and Responsibilities The first step to accountability is making sure everyone knows what they’re supposed to do.

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Accounting Finance CFO Invoicing 98

https://trustedcfosolutions.com/feed/

FEBRUARY 12, 2023

That’s why dashboards are quickly becoming one of the most powerful and streamlined approaches to strong accounting. Think of a dashboard as an accounting hub: all essential information pertaining to business can be found here. How Can a Dashboard Strengthen Accounting? What is a Dashboard?

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Accounting Accounts Payable Finance Financial Reporting 105

https://trustedcfosolutions.com/feed/

MAY 27, 2022

Owning a restaurant chain or several restaurant franchises can be challenging when it comes to accounting and being able to consolidate all your reporting and records. Sage Intacct cloud accounting software is the solution you’ve been looking for to grow your restaurant franchises, reduce your costs and boost your profits.

Accounting 108

Accounting General Ledger Accounts Payable Cash Management 108

The Charity CFO

MARCH 16, 2022

Today we’re proud to announce another amazing addition to the industry’s best nonprofit accounting team! Theresa Guest is joining The Charity CFO team in the role of Accounting Manager. Don't hire the wrong accountant for your nonprofit! Get the free guide!

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CFO Accounting Nonprofit Auditing 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? .

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Nonprofit Accounting GAAP Accounting Principles 92

CFO Talks

OCTOBER 2, 2024

Chinese Study highlights limitations on IAS 38, accounting for intangible assets A recent study from China highlighted the limitations of IAS 38 —the International Accounting Standard that governs intangible assets—and its impact on innovation, particularly in high-tech industries.

Accounting 98

Accounting CFO Economics Accounting Standards 98

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. The changes impact the presentation of your data, so you may not need to change the process for how you track or account for in kind contributions internally.

Accounting Standards 91

Accounting Standards Accounting GAAP Nonprofit 91

Centage

JANUARY 4, 2022

Part of that effort requires a deep dive into the overall financial health of your organization. That includes analyzing key financial metrics as part of the financial reporting and analysis process to see where you are today to determine where you want to be tomorrow (and how to get there!). Don’t overshoot.

Financial Reporting 94

Financial Reporting Budgeting Accounts Payable Benchmarking 94

The Charity CFO

FEBRUARY 25, 2022

If you’re brand new to nonprofit accounting, the Chart of Accounts might be the best place to start. Because even if you only have one bank account, bill, investment, or expense, you’ll need one. What is a Chart of Accounts? How to Organize a Nonprofit Chart of Accounts . Account Description.

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Nonprofit Accounting Accounts Payable GAAP 92

CFO News

FEBRUARY 17, 2025

The National Financial Reporting Authority (NFRA) has published its 2023 audit inspection report on Price Waterhouse Chartered Accountants LLP (PWCA) and Price Waterhouse & Co Chartered Accountants LLP (PW & Co CA), highlighting issues related to the verification of related party transactions and adherence to independence standards.

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Auditing Financial Reporting Accounting 68

CFO News

SEPTEMBER 27, 2023

The Telangana High Court has ruled that the National Financial Reporting Authority does not have jurisdiction over audits prior to its constitution in October 2018. Legal and audit experts debate the issue.

Auditing 111

Auditing Accounting Financial Reporting 111

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.

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Nonprofit Accounting Accounting Standards Budgeting 81

Bramasol

JULY 22, 2023

Previous posts in this blog series o n Environmental, Social and Governance (ESG) and carbon accounting have spotlighted carbon accounting as a trend to watch , looked at ESG impacts on M&A , and tracked the emergence of new ESG standards.

IFRS 92

IFRS Accounting SAP Compliance 92

Future CFO

DECEMBER 29, 2024

Evolving role Historically, CFOs were the stewards of financial reporting and compliance. Arellano-Geronimo highlights that CFOs must move beyond traditional financial reporting to deliver insights that influence critical business decisions.

Finance 98

Finance Compliance Data Analysis Leadership 98

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.

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Accounting Finance Auditing IFRS 95

CFO Plans

NOVEMBER 18, 2024

By demonstrating a commitment to accountability, organizations can significantly boost stakeholder confidence. Discover How to Lead with Financial Accountability. Implementing strong corporate financial governance ensures that financial disclosures are both trustworthy and reliable.

Communication 52

Communication Finance CFO Prioritization 52

The Charity CFO

APRIL 1, 2025

This isnt just a checklistits a proven framework for building a financially strong, scalable nonprofit. WHY WE CREATED THE CHARITY CFO FINANCIAL BLUEPRINT Over the years, our team of nonprofit accounting and CFO professionals has developed a deep understanding of the patterns behind nonprofit financial successand failure.

Nonprofit 80

Nonprofit CFO Leadership Cash Flow Forecasting 80

Bramasol

JULY 10, 2022

Optimized Contract Management (OCM) in the latest release of SAP Revenue Accounting and Reporting (RAR) provides powerful new features such as day-based calculations, improved inbound processing and enhanced reporting, as well as deeper integration with SAP S/4HANA and SAP Analytics Cloud.

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SAP Accounting Financial Reporting 97

The Charity CFO

MARCH 13, 2025

Government regulations are tightening, and donors are demanding more accountability. From federal grant compliance to donor transparency expectations, nonprofits must meet a growing list of financial integrity standards. If your organization doesnt have airtight financial oversight, youre at risk of losing funding.

Nonprofit 52

Nonprofit Auditing Compliance Leadership 52

Cube Software

APRIL 3, 2025

The consolidation process typically includes aggregating financial results, eliminating intercompany transactions, handling currency conversions, and ensuring compliance with accounting standards like the International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles GAAP.

IFRS 52

IFRS GAAP Accounting Principles Accounting Standards 52

The Charity CFO

APRIL 25, 2025

In this candid episode of A Modern Nonprofit Podcast, Tosha Anderson and CFO Teresa Guest explore what happens when nonprofit CEOs fail to engage, set expectations, and lead with accountability. Download our Financial Blueprint to see how your leadership measures upand what you can do to lead with more clarity, accountability, and impact.

Nonprofit 79

Nonprofit Leadership Strategic Planning CFO 79

Future CFO

MARCH 3, 2025

By 2025, the traditional image of number-crunching accountants confined to back offices will be a relic of the past. CFOs, controllers, and management accountants must embrace agility and foresight to thrive in this dynamic environment. This doesn't necessarily translate to job losses, but rather a shift in required skills.

Finance 69

Finance Communication Leadership Profit and Loss 69