The Charity CFO

JANUARY 5, 2023

Tax issues and non-compliance with regulatory requirements. 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. Bring GAAP compliance.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 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. . But what if I told you that’s not always true?

Nonprofit 98

Nonprofit Profit and Loss Education CFO 98

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.

Nonprofit 52

Nonprofit Accounting Principles Profit and Loss Auditing 52

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

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

CFO Talks

MARCH 14, 2024

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. This might involve setting aside a portion of the budget specifically for new projects or technologies, even if they carry a higher risk profile.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

Planful

SEPTEMBER 1, 2016

The AAA has been around for 100 years and is a community of accounting educators. New Tax and Auditing Tools. Michael Flynn , Principal, Advanced Risk and Compliance Analytics Group within Assurance Services, PwC, presented a session titled “Transforming the Audit Through Data Analytics and Visualization.”.

Technology 40

Technology Accounting Auditing Reconciliations 40

PYMNTS

AUGUST 5, 2016

“Across the board, in the past, accounting has been very underserved by technologies because they’re the last to get budget,” she explained. Take auditing for instance. The CEO said that these implications are about to be felt as the catalyst of adoption begins. “That’s an insane approach.”

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

The CFO College

APRIL 8, 2021

Another key aspect of becoming a Valuable Expert is enhancing your education. Instructor : While continuing your education may seem obvious, many people overlook the importance of the “Instructor” aspect of “VIP.” You can do this through accumulating CPE credits and attending college or online training.

CFO 52

CFO Benchmarking Tax Planning Accounting 52

The Charity CFO

MAY 18, 2022

Compliance. Your board should be involved in reviewing and approving the annual operating budget. Compliance. 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.

Nonprofit 105

Nonprofit Auditing Compliance Budgeting 105

CFO Simplified

JANUARY 5, 2024

Failure to promptly reconcile and monitor trust accounts may result in non-compliance with legal and ethical standards. Because of the compliance implications, reconciliation and oversight of these accounts is even more important than comparable oversight of the firm’s bank accounts.

Auditing 52

Auditing Reconciliations Compliance Securities 52

The Charity CFO

APRIL 25, 2024

Categorizing transactions, reporting income, and meeting compliance requirements can be overwhelming. Compliance First and foremost, a good accounting system is going to make it easy to stay compliant. The overall organization is great and we’re looking at our specific budgets regularly.

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

PYMNTS

NOVEMBER 29, 2019

All of this means there will be fewer dollars to spend on products themselves, as sales taxes (ranging from 5 percent to 10 percent) will eat, at least a bit, into holiday spending budgets. There are 12,000 jurisdictions, Peterson told PYMNTS – and that’s the easy part of grappling with tax compliance. Then the scrambling begins.

eCommerce 53

eCommerce Auditing Sales Education 53

PYMNTS

SEPTEMBER 5, 2019

Governments rely on tax revenues to fuel the vital services they provide to residents and businesses – from firefighting and public education to water system repair and road maintenance. Retail sales taxes have long been key sources of state governments’ budgets and have been their greatest single stream of revenue since the mid-1900s. .

Compliance 46

Compliance Economics Sales eCommerce 46

CFO News Room

NOVEMBER 22, 2022

And that was very hard to do because when you’re running a Fortune 100 company, the compliance is to the lowest common denominator. 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. Budget updates.

Planning 130

Planning Communication Profit and Loss Education 130

CFO Talks

DECEMBER 26, 2021

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants. CIARAN RYAN: So you weren’t doing a lot of clubbing or eating out?

Manufacturing 75

Manufacturing CFO IFRS Budgeting 75

The Charity CFO

APRIL 15, 2022

Why HR compliance issues are a bigger risk than tax compliance for most organizations (and why you shouldn’t trust your accountant with HR). I used to audit nonprofit organizations. I mean, we see our clients constantly struggling, um, to find clinicians, uh, you know, educators, administrators, all sorts of backgrounds.

Nonprofit 52

Nonprofit Accounting CFO Problem Solving 52

Barry Ritholtz

NOVEMBER 14, 2023

There are a few people in the world who are more knowledgeable about the management of asset managers and what it’s like to actually run a global organization and interact with lots of aspects of the business of finance, whether that’s acquisitions or compliance, or dealing with all the legalities of multi-jurisdictional regulations.

Math 52

Math Leadership Investments Entertainment 52

Barry Ritholtz

APRIL 25, 2023

Brian Hamburger has been one of the leading authorities in the world of registered investment advisories, broker-dealers, SEC regulatory compliance. And I would constantly hear them frustrated by the compliance department. HAMBURGER: They were just blaming compliance for everything they couldn’t do. RITHOLTZ: Right.

Mergers and Acquisitions (M&A) 60

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