The Charity CFO

DECEMBER 18, 2024

Organizations that expend over $750,000 in federal funds (increasing to $1 million in 2025) are subject to a single audit. This audit goes beyond typical financial audits and examines programmatic compliance as well. Are you ready to expand? Get the free guide!

Nonprofit 52

Nonprofit Auditing Compliance Budgeting 52

Centage

JULY 25, 2023

Though some businesses rely on Excel for budgeting and financial management needs, the software has some notable disadvantages that may make it a less-than-optimal solution for your business. If a member of your team accidentally enters inaccurate data, this could throw off your company’s entire budget.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting 98

CFO Talks

JUNE 3, 2025

He explains that this approach not only stabilised SAQA post-COVID but also helped them build financial reserves to secure operations for several years. The United Kingdoms National Audit Office has advised public entities to adopt rolling forecasts and scenario-based planning, particularly in uncertain environments.

Leadership 52

Leadership CFO Finance Auditing 52

Centage

OCTOBER 14, 2021

Financial reporting is a critical task for any organization. Understanding where your actual financials stand in relation to budgets and projections is important to keeping your business on track and in helping to create new projections and budgets. Multiple rounds of audits and reviews to help ensure accuracy.

Financial Reporting 59

Financial Reporting Financial Planning and Analysis (FP&A) Budgeting Concentration 59

The Charity CFO

MAY 12, 2025

Theyre the people who spot errors in a sea of numbers and ensure the books are airtight and audit-ready. Trying to combine this role with the CFO function often fails because bookkeeping is structured and rule-bound , while financial leadership requires a more strategic, creative, and big-picture thinker. Get the free guide!

Nonprofit 90

Nonprofit Accounting Leadership CFO 90

CFO Talks

JUNE 10, 2025

You may be technically excellent, have a sharp grasp of reporting standards, and maintain control of every budget, but if your ability to lead and think does not extend to your team, you are leaving the business exposed. Most finance teams can deliver reports. Mentoring is Not a Soft Skill. It Is a Control.

Auditing 52

Auditing CFO Finance Leadership 52

CFO Talks

APRIL 15, 2025

Are decisions challenged when forecasts dont match operational realities, or is the budget treated as sacred regardless of whats changing on the ground? Submitting reports on time is a compliance requirement. Submitting reports on time with clean data, sensible commentary, and clear recommendationsthats accountability.

Accounting 52

Accounting Forecasting Auditing Compliance 52

CFO Talks

APRIL 8, 2025

Holding an MSc, BSc, and FCCA qualification, Julius has made a remarkable impact in the finance sector, earning multiple prestigious awards, including the Chief Finance Officer of the Year Sustainability Award (2023) and the Financial Reporting Award (2023). Yes, I worked in Rwanda as an audit assistant, auditor, and later accountant.

CFO 52

CFO Leadership Auditing Finance 52

CFO Talks

JUNE 20, 2025

Currently serving as Group Chief Financial and Risk Officer at Link Africa and Interim CEO at BitCo Telecoms, Rajesh plays a pivotal role in capital raising, risk governance, M&A strategy, and financial transformation. Serving as Group Head of Reporting (UK) at Liquid Telecom, where I helped standardise reporting across regions.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) CFO Leadership Finance 52

Embark With Us

MARCH 20, 2025

Aligning financial reporting systems, tracking and realizing efficiencies, and continuously monitoring financial performance are essential to support patient care and ensure the merged entity's success. Steps for Standardization: Conduct an audit of existing financial reporting and ERP systems in both organizations.

Healthcare 52

Healthcare Auditing Compliance Leadership 52

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. Unfortunately, Excel has very defined limits that can make it challenging for businesses to publish their financial reports more quickly and efficiently.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

The Charity CFO

AUGUST 23, 2024

Download the Article For nonprofits, audits are more than just a regulatory requirement–they’re a tool for safeguarding the organization’s mission and financial health. An audit helps improve an organization’s financial transparency, builds donor trust, and ensures compliance with regulations. Pre-Audit Prep 1.

Nonprofit 52

Nonprofit Auditing Compliance CFO 52

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

The Charity CFO

FEBRUARY 8, 2024

Does the idea of a financial audit on your nonprofit leave you feeling nervous? For many nonprofits, a full financial audit can help ensure the accuracy of their financial recordkeeping. Luckily, not all financial situations require an audit. However, it can also feel invasive and overwhelming.

Auditing 52

Auditing Nonprofit Compliance CFO 52

The Charity CFO

MARCH 16, 2022

Theresa is an experienced leader in accounting and financial reporting, budgeting, and analysis, with an extensive finance career in the healthcare supply chain industry. Today we’re proud to announce another amazing addition to the industry’s best nonprofit accounting team!

CFO 98

CFO Accounting Nonprofit Auditing 98

Future CFO

JUNE 19, 2025

Oleg Kozlov , head of internal audit at Modern Mills Company , discusses how CFOs traverse multi-jurisdictional finance challenges in 2025. Moreover, he notes that implementing local ERP system can free budgets for additional local staff, as this significantly reduces the pressure on local team as they can expand local resources.

Finance 52

Finance Compliance IFRS GAAP 52

The Charity CFO

FEBRUARY 27, 2024

Budget tracking is the process of monitoring your nonprofit’s income and expenses to ensure they stay within your planned budget. Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit.

Nonprofit 52

Nonprofit Budgeting Profit and Loss CFO 52

The Charity CFO

MAY 18, 2022

Your board should be involved in reviewing and approving the annual operating budget. It should also review financial statements at every board meeting and challenge management on numbers that don’t make sense. If your nonprofit requires an audit, the board should engage directly with the audit firm. Compliance.

Nonprofit 98

Nonprofit Auditing Compliance Budgeting 98

CFO Share

JULY 16, 2024

In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy. Purpose of the Role The controller ensures financial reporting compliance and accuracy while preventing and detecting fraud.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO General Ledger Compliance 98

CFO News Room

DECEMBER 16, 2022

As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. Budget Analyst.

Finance 130

Finance Budgeting Financial Analyst Compliance 130

The Charity CFO

OCTOBER 28, 2024

Investing in Employee Development Despite budget constraints, Tiffany emphasized the importance of investing in employee development. Get our FREE GUIDE to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances. Get the free guide!

Nonprofit 59

Nonprofit Budgeting Compliance Prioritization 59

CFO Talks

MAY 14, 2025

Does your team get rewarded for delivering on budget at any cost ? Integrating non-financial KPIs – such as ESG outcomes, compliance history, and even ethical leadership behaviourssends a clear signal that how results are achieved matters just as much as what is achieved. Financial reporting is not just a compliance exercise.

Numbers 52

Numbers CFO Leadership Compliance 52

CFO Talks

NOVEMBER 21, 2024

First and foremost is financial acumen—understanding financial reporting, budgeting, forecasting, and compliance is foundational. However, transitioning to a CFO role requires a broader skill set beyond technical expertise. Strategic thinking is crucial.

CFO 98

CFO Leadership Problem Solving Communication 98

The Charity CFO

MAY 31, 2022

You can see how much revenue comes into an organization and how they spend that money by looking at the Statement of Activities (also called the Income Statement) or an updated Budget report (also referred to as the Budget vs. Actual report). In most cases, these include an annual audit and federal tax return.

Nonprofit 83

Nonprofit Finance Auditing Accounts Payable 83

Fpanda Club

SEPTEMBER 2, 2021

The list of typical FP&A activities usually includes planning, budgeting, forecasting, analysis, management reporting and performance management. Budgeting is a type of short-term planning whose goal is to transform strategic objectives into an operational plan by allocating available resources.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

Future CFO

AUGUST 23, 2022

These days, at least in Asia, sustainability responsibilities appear to be more closely associated with a Chief Financial Officer (CFO). Lim opined that with the level of scrutiny over ‘non-financial’ and ‘financial’ reporting on the rise, corporates need buy-in and support from the Board to push the sustainability agenda.

CFO 98

CFO Auditing Finance Treasury 98

The Charity CFO

APRIL 5, 2022

And it may be the right choice for small nonprofits that don’t have experience with accounting, the budget to hire help, or time to learn. Do you need to undergo an audit? . The rules governing independent financial audits for nonprofits can be complex, so do your research. Accurate Budgeting for Your Nonprofit.

Nonprofit 86

Nonprofit Accounting GAAP Auditing 86

Centage

OCTOBER 3, 2022

This accessible program can accomplish various tasks, such as financial forecasting and budgeting. If your business has used Excel for financial forecasting, you may have found some challenges with the program. Fraud can be challenging to prevent if there is a lack of an audit trail with Excel.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

E78 Partners

JUNE 16, 2025

Inconsistent Financial Reporting and Controls: A lack of visibility into financial data, reporting cadence, or compliance frameworks can result in missed targets and stakeholder distrust. Early IT due diligence, followed by a structured integration plan, ensures scalability and data consistency from the outset.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Leadership Profit and Loss Communication 52

CFO Talks

JANUARY 7, 2025

Morgan Edevbie Senior Vice President & Head, Business Performance & Product Controller, Africa Finance Corporation (2018-present) Previously: Associate Vice President, Financial Controls & Budgets, Africa Finance Corporation (2014) Group Financial Reporting & Planning Manager, UNITED BANK FOR AFRICA PLC (2011) Head of IRFS Project (..)

CFO 52

CFO Leadership Financial Analyst Finance 52

The Charity CFO

APRIL 28, 2023

This system should then be able to support your organization in maintaining accurate records of each fund, tracking revenue and expenses, and preparing financial reports that show how each fund is performing. These reports can help you make informed decisions and identify areas for improvement.

Nonprofit 52

Nonprofit Accounting Firms Accounting Auditing 52

VCFO

NOVEMBER 1, 2023

Alternatively, if expenses are running over budget, are there line items that can be cut or deferred to pull overall expenses back in line with budget? audited or reviewed financial statements). Or is it the customers that need to be incentivized with year-end offers? Read more in our blog about Lease Accounting Updates.)

Finance 88

Finance Strategic Planning Auditing CFO 88

The Charity CFO

JANUARY 17, 2022

Your core financial reports, which we’ll look at below, exist to answer this one simple question– how much value has your organization created ? It shows as a liability on your financial reports, so it reduces your net assets. Nonprofit Accounting Basics: Financial Reports. The 3 Core Financial Statements.

Nonprofit 89

Nonprofit Accounting Profit and Loss Accounts Payable 89

Future CFO

JULY 23, 2024

Georgeta Elena Precup (Moran) She enumerated ways how CFOs can effectively bridge the value alignment gap: Championing Value-Driven Financial Strategies CFOs can lead by integrating company values into the financial strategy. The post The CFO’s role in bridging the value alignment gap appeared first on FutureCFO.

Auditing 59

Auditing Communication CFO Strategic Planning 59

The Finance Weekly

JULY 19, 2022

It’s the budgeting, financial forecasting, financial analysis, and decision-making that support an organization's health and strategy. Improving the company's budget and resource allocation. Analyzing the effects of past and future financial activities and behavior in order to evaluate risk. Risk Management.

Financial Planning and Analysis (FP&A) 96

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 96

CFO Strategic Partners

APRIL 14, 2025

To weather these storms and keep moving forward, your financial strategy should include: Smart Budgeting – As you create your budget, look for opportunities to leverage data for strategic asset allocation, respond to market trends, and invest in initiatives like hiring, technology, or outsourcing.

Cash Flow Forecasting 40

Cash Flow Forecasting Leadership Auditing CFO 40

CFO Share

SEPTEMBER 14, 2023

Navigating the complex, resource-draining process of a financial audit is the last thing any business owner needs on their plate. Throwing money away on Business Decisions Picture the frustration when discovering that skewed financial reporting has thrown off your entire operational budget.

CFO 90

CFO Auditing Invoicing Budgeting 90