Future CFO

JANUARY 22, 2024

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Changes from manual record-keeping to sophisticated software solutions has undeniably shifted the accounting landscape, bringing in an era of heightened efficiency and accuracy.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

The Charity CFO

MARCH 28, 2024

Your nonprofit accounting system might not be the most exciting part of your organization, but it’s one of the most important aspects. An effective accounting system helps you stay in compliance with tax and legal regulations–helping you maintain your exempt status. However, effective accounting isn’t just about following rules.

Nonprofit 52

Nonprofit Accounting Budgeting Compliance 52

The Charity CFO

APRIL 2, 2024

Managing a nonprofit can be complex, especially when it comes to nonprofit accounting. Nonprofits face unique financial challenges and responsibilities that require specialized expertise and support. Finding the right accounting partner for your nonprofit is essential to the financial success of your nonprofit organization.

Nonprofit 52

Nonprofit Accounting Accounting Firms CFO 52

PYMNTS

NOVEMBER 26, 2018

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports.

Financial Reporting 51

Financial Reporting Accounting Auditing Accounting Firms 51

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.

Nonprofit 98

Nonprofit Accounting Accounting Standards Budgeting 98

CFA Institute

DECEMBER 29, 2020

The explanatory power of the financial information reported to investors for market valuation has plummeted in recent decades.

Financial Reporting 52

Financial Reporting Accounting Valuation Performance Measuring 52

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 Data Analysis 98

The Charity CFO

OCTOBER 19, 2022

For more nonprofit accounting resources check out www.thecharitycfo.com. Looking for a new accountant? Are You Ready To Outsource Your Accounting? Do You Struggle to Make Sense of Your Financial Statements? Do You Struggle to Make Sense of Your Financial Statements? Here’s a preview on YouTube: ??.

Nonprofit 95

Nonprofit Accounting CFO Financial Reporting 95

Future CFO

JANUARY 2, 2024

With the fast pace of the world nowadays, financial leaders face challenges in maintaining and expanding revenue streams while contending with a growing shortage of skilled accountants. The talent gap is placing immense pressure on organisations to find innovative ways to manage their financial functions efficiently.

Accounting 52

Accounting Finance Data Analysis Compliance 52

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?

Accounting 105

Accounting Accounts Payable Finance Financial Reporting 105

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 Finance 113

CFO Network

FEBRUARY 21, 2024

5 Shocking Ways Outsourced Accounting Saves You Money! One area where many businesses can optimize their operations and cut costs is accounting. Outsourced accounting has emerged as a game-changer for businesses of all sizes. This blog will explore the surprising ways outsourced accounting can save money.

Accounting 52

Accounting Compliance Concentration Accounting Firms 52

Future CFO

DECEMBER 7, 2023

As part of the process to better sustainable reporting which is tipped to become a vital topic in 2024, verification and improvement of collected data come at hand. Accountants play a role in the verification, which supports building trust in reported sustainability-related information.

Accounting 52

Accounting Auditing Compliance Financial Reporting 52

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

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? .

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

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.

GAAP 212

GAAP Financial Reporting Accounting 212

CFO News

JULY 17, 2023

The ministry of corporate affairs (MCA) has received recommendations by the National Financial Reporting Authority (NFRA) on the Indian Accounting Standard (Ind AS) 117 for insurance contracts, he told ET."The The standards will soon be notified under the Companies (Indian Accounting Standards) Rules 2015," he added.

Accounting Standards 52

Accounting Standards Accounting Financial Reporting 52

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 89

IFRS Accounting SAP Compliance 89

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

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. Here's how it typically functions.

Accounting 52

Accounting Financial Analysis Compliance Benchmarking 52

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 98

Accounting Standards Accounting GAAP Nonprofit 98

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

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

The Charity CFO

OCTOBER 9, 2023

However, that’s not the case with an organization’s accounting systems. Let’s take a closer look at nonprofit accounting systems, the most frequent mistakes, and how to avoid trouble down the road. It’s vital to get these right from the beginning or risk serious consequences in the future.

Nonprofit 59

Nonprofit Accounting Profit and Loss Compliance 59

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

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

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

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. .

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

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!

CFO 98

CFO Accounting Nonprofit Auditing 98

CFO Network

APRIL 24, 2023

As a professional accountant, you understand your job is more than just crunching numbers. Continuing education is vital for accountants; we’ll explain why in this article. Continuing Education: A Must for Accountants Continuing education refers to learning after a professional has completed their initial education and training.

Education 52

Education Accounting Auditing CFO 52

Lime Light

JANUARY 31, 2022

The accounting profession has existed for centuries and while the problems accountants deal with may have increased drastically in complexity their primary tools, financial statements, and reports, have remained mostly unchanged.

Financial Reporting 52

Financial Reporting Accounting Finance Financial Analysis 52

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

Future CFO

APRIL 1, 2021

Although new time-saving cloud-based financial reporting platforms were a relatively low priority for organisations pre-pandemic, interest in agility and the potential continuation of remote working — including the control and oversight process —are bringing about renewed consideration of these systems, the institute noted.

Financial Reporting 40

Financial Reporting Technology Corporate Finance Budgeting 40

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.

Accounting 116

Accounting Auditing Accounting Firms Banking 116

PYMNTS

NOVEMBER 15, 2016

CFOs are struggling to keep up with how quickly the requirements for financial reporting are changing, researchers have found. EY researchers released new data this week that concluded CFOs and financial controllers are struggling to keep up with the pace of change when it comes to corporate reporting standards and demands.

Financial Reporting 76

Financial Reporting Prioritization Technology Accounting 76

PYMNTS

NOVEMBER 5, 2018

s Financial Reporting Council is reportedly stepping down from the position amid continued scrutiny that the FRC lacks effectiveness to prevent corporate accounting scandals and industry failures. Reports in Reuters on Friday (Nov. The head of the U.K.’s Sir John Kingman, a civil servant asked by U.K.

Financial Reporting 51

Financial Reporting Construction Auditing Accounting 51

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 77

Accounting Accounting Standards Economics Advertising 77