CFO Leadership

OCTOBER 18, 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. They’re not very good at mathematics or dealing with numbers in general.

Finance 52

Finance Accounting Auditing IFRS 52

Strategic Treasurer

MARCH 6, 2023

The chapter of discussion “Cash Bootcamp for Treasurers” provides a practical approach to understanding different perspectives of cash, how accounting and treasury can live in harmony and more. What are some of the different ways we look at it in finance, accounting as a view of it? What is it? How does it work?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Treasury GAAP 52

The Finance Weekly

MARCH 25, 2024

His main job is to handle all money matters at SoFi, like planning, accounting, and dealing with investors. He held the position of Chief Financial Officer (CFO) at CBS Corporation, a major media player, for a good number of years. He cooks up strategies to help SoFi grow and score funds for its goals.

CFO 97

CFO Finance Forecasting GAAP 97

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. .

Marketing 130

Marketing Hurdle Rate Investments Accounting 130

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . And that’s a problem.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

Centage

AUGUST 15, 2022

By incorporating a driver-based approach, you empower your financial leaders to focus on the data that matters while ensuring the numbers you have are accurate. Similarly, having too much data can prevent finance and accounting departments from knowing where to focus their energies.

Budgeting 105

Budgeting Planning Forecasting GAAP 105

Centage

DECEMBER 7, 2022

Once configured, Planning Maestro pulls all dimensions from QuickBooks – pulling in data at not only the account level, but at the class level as well. Today, in QuickBooks, users can only do this at the account level. Automate Key Reports. Easily filter on the consolidated level, or drill in for more detail. Want to see it in action?

Budgeting 98

Budgeting Planning Forecasting GAAP 98

The Finance Weekly

APRIL 6, 2024

This accounting principle offers an insightful perspective into a business's worth , underlining the importance of financial reporting in today's market dynamics. The concept of NBV stands out as a fundamental metric for both accountants and business professionals. What Is Net Book Value?

GAAP 52

GAAP Accounting Principles Financial Reporting Accounting Standards 52

Centage

DECEMBER 19, 2023

Another source of pain is when integrated cash flow reports are based on GAAP accounting rules, not formulas, but aren’t supported in the planning and forecasting software application a business is using.

Cash Flow Forecasting 52

Cash Flow Forecasting Financial Planning and Analysis (FP&A) Forecasting GAAP 52

Centage

NOVEMBER 8, 2023

Finance professionals working in the nonprofit sector deal with unique industry challenges: Managing multiple stakeholders and funding sources Understanding compliance and reporting standards Creating financial processes to account for full-time, part-time, and volunteer staff. No programming. No formulas. No links and logic to maintain.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Nonprofit Budgeting GAAP 52

PYMNTS

MAY 19, 2016

As White listed the number of recently completed SEC projects, she noted that the agency is “functioning on all cylinders,” Reuters said. Earlier this week, the SEC released guidance that White described as the “consequential” nature of accounting practices that may mislead investors.

GAAP 42

GAAP Financial Systems Investments Numbers 42

Onplan

DECEMBER 16, 2021

Of course, you can’t pay salaries with customer invoices either—it’s important to make sure you’re collecting your accounts receivables expeditiously. If you bill $12,000 for the year and the customer pays you promptly, you’ll have the cash in your account, but you can only recognize a portion of it as revenue.

GAAP 59

GAAP Invoicing Forecasting Financial Systems 59

PYMNTS

FEBRUARY 6, 2020

billion, representing a 42 percent gain, and that number was in line with expectations. Drilling down into the numbers, monthly active platform customers were 22 percent to 111 million. billion were better than the $18 billion analysts had expected, up 28 percent, while within that number, ride-sharing bookings were $13.2

Sales 72

Sales Profit and Loss GAAP Transportation 72

Onplan

DECEMBER 16, 2021

Of course, you can’t pay salaries with customer invoices either—it’s important to make sure you’re collecting your accounts receivables expeditiously. If you bill $12,000 for the year and the customer pays you promptly, you’ll have the cash in your account, but you can only recognize a portion of it as revenue.

GAAP 52

GAAP Invoicing Forecasting Financial Systems 52

Centage

JANUARY 31, 2022

Or perhaps your integrated cash flow reports are based on GAAP accounting rules, not formulas, but aren’t supported in your current planning and forecasting software application. Executing what-if analysis for business options that have the potential to effect funding and cash position scenarios should be job number one.

Cash Flow Forecasting 98

Cash Flow Forecasting Financial Planning and Analysis (FP&A) Forecasting GAAP 98

The Finance Weekly

DECEMBER 18, 2021

A controller (or comptroller in government roles) is the company’s lead accountant and the one in charge of running day-to-day activities of the accounting department. They maintain accurate financial records and are usually senior managers with lots of accounting experience and responsibility. The case for a CFO.

CFO 52

CFO Budgeting GAAP Accounting Principles 52

CFO Thought Leader

FEBRUARY 19, 2024

“My two big pieces for the coming year are, number one, to finish that third pillar of the turnaround, and, number two, to get the message out—which is not easy, by the way, right?,” ” he concludes. You will need all of these assets to excel as an accurate and insightful CFO in any company.”

CFO 52

CFO Restructuring Finance Numbers 52

Planful

JULY 5, 2016

To date, most of the focus has been on the transactional accounting impact of the new guidelines. However, the revenue recognition guidance offered under US GAAP vs. IFRS has differed and was in need of improvement. As a result, different industries use different accounting for economically similar transactions.

Budgeting 40

Budgeting IFRS Planning GAAP 40

The Finance Weekly

FEBRUARY 20, 2022

Or perhaps your integrated cash flow reports are based on GAAP accounting principles rather than formulas, but your existing planning and forecasting software application doesn't support them. Perform What-If Analysis.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Cash Flow Forecasting Forecasting GAAP 52

Musings on Markets

FEBRUARY 27, 2022

Measuring Profitability 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.

Hurdle Rate 80

Hurdle Rate Investments Accounting Entertainment 80

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. Half of the time the numbers were unreadable, so we had to confirm them via phone. Then we would key the numbers into a spreadsheet and perform the currency translations there. (I

IFRS 40

IFRS GAAP Reconciliations Auditing 40

Centage

NOVEMBER 22, 2021

It’s all automated and GAAP compliant. While updating numbers is easy enough in any budget, when you start modifying the structure of the model things get ugly. Just adding an account can cause the plan and budget to fall apart. No programming. No formulas. No links and logic to maintain.

Financial Planning and Analysis (FP&A) 72

Financial Planning and Analysis (FP&A) Nonprofit Planning Finance 72

The Charity CFO

APRIL 5, 2022

If you’re like many people, you probably think that there is a single set of accounting rules that every company must follow. . But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting.

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

BlueLight

MAY 1, 2020

The CEO outsources accounting to a third-party accounting firm and may conduct simple FP&A. Financial planning & analysis is a corporation function that uses financial information to make forward-looking recommendations, evolving from a number cruncher to a strategic partner. Source: Vena Solutions What is FP&A?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Strategic Planning Startups 52

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? Investopedia defines accounting as “the process of recording financial transactions pertaining to a business.” .

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

The CFO College

FEBRUARY 19, 2021

Properly quoting (and collecting) accounting fees can be an overwhelming hurdle for many bookkeepers, especially those just opening up their own practice. Reduced Tax Liability: Tax filings for businesses in today’s overly-regulated world are complex, requiring solid accounting and processes throughout the year.

Communication 52

Communication CFO GAAP Accounting 52

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.

Nonprofit 98

Nonprofit Accounting Accounts Payable GAAP 98

Musings on Markets

JULY 14, 2021

Some of this surge can be attributed to companies becoming more complex and geographically diversified, but much of it can be traced to increased disclosure requirements from accounting rule writers and market regulators. The first is the 10-K, an annual filing that all publicly traded companies have to make, in the United States.

GAAP 52

GAAP Forecasting Accounting Numbers 52

PYMNTS

APRIL 25, 2018

Twitter blamed changes to Safari’s third-party app integration and the social media company’s ongoing efforts to expunge fake and malicious accounts for depressing user growth — a trend that appears likely to continue, the company said. Non-GAAP net income reached $123 million in the first quarter, up 132 percent year over year.

Advertising 40

Advertising GAAP Profit and Loss Financial Analyst 40

PYMNTS

MAY 4, 2017

Facebook announced Q1 numbers that beat analysts’ estimates for revenue, ads, monthly and daily users and engagement. Zuckerberg also addressed a number of efforts designed to eliminate the violent and fake news controversies that have concerned users, investors and advertisers alike over the last six months. Facebook by the Numbers.

GAAP 40

GAAP Advertising Numbers Accounting 40

PYMNTS

DECEMBER 10, 2016

When all the shares were accounted for, Lending Club’s original IPO managed to pull in more than $1 billion — slightly beating expectations and making it the seventeenth-largest U.S. to disclose more about its lending operations and has questioned the company’s use of tailored “non-GAAP” financial measures. The Billion-Dollar IPO.

GAAP 73

GAAP Compliance Valuation Auditing 73

Boston Startup CFO

OCTOBER 13, 2015

I’m not an expert in anything related to accounting, so I reached out to one of my networks to get people I could have do these functions. So I hired a part-time accountant who sent a part-time bookkeeper every week to do our books. So I hired a part-time accountant who sent a part-time bookkeeper every week to do our books.

CFO 52

CFO Tax Planning GAAP Budgeting 52

Bramasol

JUNE 10, 2022

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger.

Accounting Principles 86

Accounting Principles IFRS SAP Accounting 86

The CFO College

APRIL 8, 2021

For many bookkeepers and accountants, working remotely is a reality that has breathed energy back into the passion they feel for their work and their life. For us numbers people, one of the hardest things can be getting out in front of a CEO and talking yourself up enough to land a new client. You are in charge.

CFO 52

CFO Benchmarking Tax Planning Accounting 52

BlueLight

JULY 30, 2020

My motivation was to understand the responsibility of the CFO suite, the process of billing to accounting, and the software tools available to run an effective finance office. Pre Series B, it’s a part-time role to simply track past financial numbers. One is accounting: you need this done properly to inform the next two.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

Musings on Markets

JANUARY 9, 2021

In closing, I also want to dispense with the notion that data is objective and that numbers-focused people have no bias. Finally, it is worth noting that, notwithstanding the travails of last year, the number of firms in the data universe increased from 44,394 firms at the start of 2020 to 46,579 firms, a 4.9%

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

https://trustedcfosolutions.com/feed/

FEBRUARY 18, 2022

It used to be the domain of a relatively small number of wealthy families. 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. Family offices are growing in popularity.

GAAP 116

GAAP IFRS Compliance Forecasting 116