CFO Talks

MARCH 14, 2024

Beyond the Basics: 7 Key Focus Areas for New CFOs 1. Introduction to the Evolving Role of the CFO In our previous discussion, we outlined the critical first steps a newly appointed CFO should take to establish a solid foundation within their organization. Delegation and Empowerment: No CFO can do it all alone.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

The Charity CFO

DECEMBER 8, 2022

Because accurate nonprofit accounting can help with reporting and auditing requirements, and ensure that the funds are being used in accordance with the grantor’s wishes. Doing this ensures that you can demonstrate compliance with grant requirements and provides a clear audit trail for any future reviews. Conduct regular audits.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

The Charity CFO

SEPTEMBER 14, 2022

It’s true that due to their uniquely valuable societal contributions, such as charitable actions or educational priorities, nonprofits receive tax exemption for income from activities substantially related to their primary purpose. . The post Understanding Unrelated Business Income in Nonprofits appeared first on The Charity CFO.

Nonprofit 98

Nonprofit Profit and Loss Education CFO 98

The Charity CFO

MARCH 24, 2022

While most nonprofits work tirelessly to make a difference in the community with a shoestring budget and tiny workforce, these highly-publicized cases of nonprofit fraud erode public trust and cause people to hesitate to give their money to worthy organizations. The education first department reported Inconsistencies to the USDA in 2020.

Nonprofit 98

Nonprofit Profit and Loss Auditing Leadership 98

The Charity CFO

NOVEMBER 23, 2022

They create and maintain financial records, prepare financial reports, and oversee the organization’s budget. This is the minimum educational requirement for most nonprofit finance director positions. This background helps them provide oversight for and manage all forecasts, budgets, and investments for the organization.

Nonprofit 52

Nonprofit Finance Strategic Planning Budgeting 52

The Charity CFO

APRIL 19, 2022

When most nonprofits think about ‘accounting issues,’ they’re concerned about poorly prepared financial reports, bookkeeping errors, gaps in communication with funders, bad audits and a million more things in this vein. Has the Department of Labor audited your organization for misclassifying contractors as employees? Maybe We Can Help.

Nonprofit 98

Nonprofit Auditing Compliance Accounting 98

The Charity CFO

NOVEMBER 10, 2022

Whether you are an educational, charitable, religious, sports, or other public-benefit organization, you need to have a good handle on your finances in order to make the most impact. As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

The Charity CFO

JANUARY 5, 2023

Educate the staff and board on critical issues triggered by certain gifts. A Nonprofit Budget. A nonprofit budget is a planning document that helps predict expenses, allocate resources, and monitor ongoing operations throughout the year. A well-formulated budget should focus on the goals and objectives of your organization.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

The Charity CFO

AUGUST 16, 2023

An expert in design and programming, he’s also an educator at the college level. He and his team did an audit that lead to 5 indicators for revamping a website: Is the page layout unique or common in comparison to other websites? NPOs also work on a conservative budget basis, meaning that they can stretch a dollar.

Nonprofit 52

Nonprofit Marketing Analyzing Data CFO 52

Boston Startup CFO

APRIL 3, 2023

As a trailblazer exploring unknown territories, you must equip yourself with the appropriate knowledge and tools to make educated decisions that guide your enterprise towards success. Additionally, you open yourself up to compliance and audit issues, and you’ll potentially decrease your chances of securing funding and financing.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

The Charity CFO

JANUARY 21, 2022

Most not-for-profit organizations and entities–like 501(c)(3) charities, churches, religious institutions, government agencies, nonprofit nursing homes and hospitals, and educational institutions– are required to use fund accounting. The post Fund Accounting for Nonprofits & Charities appeared first on The Charity CFO.

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

The CFO College

MAY 12, 2021

Viewing education as a cost and not an investment. Staying informed and sharp through investment in education is essential. For the biggest ROI on any education, it’s useful to find programs with continually updated materials and tools, mentoring options, and a strong community to help you grow.

Education 52

Education CFO Investments Budgeting 52

The Charity CFO

JANUARY 26, 2023

Start With the Fundamentals of Nonprofit Tax Filing Non-profit organizations operate in many areas of society, including education, healthcare, sports, and social services. You don’t want to make any mistakes that could trigger an audit or even the loss of your 501(c)(3) status. Get the free guide!

Nonprofit 52

Nonprofit Accounting Principles Profit and Loss Auditing 52

The CFO College

APRIL 8, 2021

At CFO Bookkeeper, we use “VIP” to refer to “Valuable Expert, Instructor, Participant.” Valuable Expert : Becoming a valuable expert can mean expanding your accounting and tax knowledge in your niche, or adding CFO-level services, tools, and skills to serve clients in any industry.

CFO 52

CFO Benchmarking Tax Planning Accounting 52

The Charity CFO

APRIL 25, 2024

About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services. This case study is the story of how The Charity CFO has helped organizations to navigate accounting and create simplicity instead of chaos. Where is the money?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

The Charity CFO

MAY 18, 2022

Your board should be involved in reviewing and approving the annual operating budget. If your nonprofit requires an audit, the board should engage directly with the audit firm. Instead, it’s your responsibility to educate yourself on the basics of financial management and oversight. Review annual audit .

Nonprofit 105

Nonprofit Auditing Compliance Budgeting 105

CFO News Room

NOVEMBER 1, 2022

So here again, when developing that bridge, the member of the historically dominant group is really working to educate themselves, is working to develop connection with someone else. We don’t, we wouldn’t say the budgeting division or the finance team, we would say Curt, Tina, Mary are responsible for these specific things.

Leadership 100

Leadership Construction Budgeting Planning 100

Centage

MAY 8, 2023

As CFO, at certain points throughout the year – in addition to your ongoing daily tasks – you must present key performance metrics (KPIs) and reports to your Board of Directors. You then have your financial statements – cash flows, performance, budgets and audits. You are now ready to sit down and develop the presentation.

Nonprofit 98

Nonprofit Budgeting CFO Finance 98

CFO Simplified

JANUARY 5, 2024

Regular Internal Audits: Conduct internal audits to assess the effectiveness of internal controls. Identification of any “personal” expenses that would be caught by an outside audit as inappropriate, and therefore become personal income. Expense Approval Procedures: Institute clear protocols for approving expenses.

Auditing 52

Auditing Reconciliations Compliance Securities 52

CFO News Room

DECEMBER 30, 2022

Why it is important for advisory firms to conduct an audit of their tech stack and the steps they can take to conduct the exercise. First, a firm owner can consider how they want to conduct the audit, which can be performed themselves (though this can take time away from other responsibilities!), Bob Veres | Advisor Perspectives).

Planning 130

Planning Auditing Investments Securities 130

CFO Talks

DECEMBER 26, 2021

South African-born Daniel Raubenheimer is a passionate MBA graduate with cross-functional experience in tech, FMCG and manufacturing, he’s now CFO at Silon in Atlanta, USA, a leading producer of technical compounds and polyester staple fibres. CFO Talks is a brand of the South African Institute of Business Accountants.

Manufacturing 75

Manufacturing CFO IFRS Budgeting 75

CFO News Room

NOVEMBER 22, 2022

And so, a lot of our processes now are more of a CFO’s perspective, where we’re reporting to clients when they want to be reported to. But then during what are we actually doing for clients, and we’re going… I view things as retirement planning, education planning, general tax, budget cash flow.

Planning 130

Planning Communication Profit and Loss Education 130

The Charity CFO

FEBRUARY 23, 2022

I’m your host, Tosha Anderson, the founder and CEO of The Charity CFO, but we’re not talking necessarily about accounting today. And we were kind of chatting a little bit before I had the record button that I think many leaders of nonprofits you’re talking small organizations, they have grassroots budgets.

Nonprofit 98

Nonprofit Accounting Healthcare Securities 98

The Charity CFO

APRIL 15, 2022

Triná Owens is a former nonprofit financial director who left her job to become an Accounting Manager at The Charity CFO. Um, Sharon, a little bit about my story, but I brought along a friend of mine and also a fellow colleague at The Charity CFO. I used to audit nonprofit organizations. This sounds weird. Right, right.

Nonprofit 52

Nonprofit Accounting CFO Problem Solving 52

The Finance Weekly

JULY 31, 2023

As a seasoned finance leader in telecommunications, retail, technology, and legal sectors, Glenn envisions transforming the role of Chief Financial Officer (CFO) from being a historical reporter to a strategic forward-thinker. Nicholas Boucher, a Finance Leader and Educator also participated in the webinar.

Corporate Finance 52

Corporate Finance Finance Leverage Accounts Payable 52

Barry Ritholtz

APRIL 25, 2023

And so, I started to see, you know, what he’s done with his law school education. HAMBURGER: — and him and I are still in touch to this day, but it’s people like that who take the education and really make it their own that really inspired me. RITHOLTZ: So, we promoted a CFO. HAMBURGER: Absolutely.

Mergers and Acquisitions (M&A) 60

Mergers and Acquisitions (M&A) Compliance Investments Finance 60