The Charity CFO

JANUARY 19, 2023

Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Their mission is usually anchored on a cause or social purpose, not on the generation of profits. Another difference is in fund accounting.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

CFO News Room

JANUARY 19, 2023

But questions remain about how secure and reliable it is when compared to traditional brokerages. These protections help safeguard investors’ funds and securities in the event of a brokerage firm’s failure or other financial losses. SIPC stands for the Securities Investor Protection Corporation. Is Robinhood Safe to Use?

Profit and Loss 130

Profit and Loss Securities Nonprofit Investments 130

The Charity CFO

MARCH 24, 2022

Fraud losses in the charitable industry destroy an organization’s reputation, future financing opportunities, and capacity to carry out its mission. And in early 2021, the department labeled Feeding Our Future “seriously defective” due to incomplete financial audits and lapsed IRS nonprofit registration.

Nonprofit 98

Nonprofit Profit and Loss Auditing Leadership 98

Spreadym

AUGUST 10, 2023

Audit Trail: A record of changes made to financial data and reports, ensuring transparency and accountability. Security: Robust security measures to protect sensitive financial data and prevent unauthorized access. Collaboration: Tools for multiple users to collaborate on creating, reviewing, and approving financial reports.

Financial Reporting 52

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

CFO Share

JULY 20, 2021

Is your small business not making as much profit as you expect? Are you earning profits but always falling short on cash? But recently, business has not been as profitable as normal despite steady sales. Or maybe the P&L shows a profit, but cash keeps dwindling. Filing an insurance claim for fraud losses.

Accounting 52

Accounting Profit and Loss Auditing Invoicing 52

CFO Share

OCTOBER 14, 2021

Continuously shrinking cash despite profitable financial reporting. Negotiations do not always recover 100% of the losses, so you will need to write off a portion of the fraud as losses. No internal audit of credit card spending. Poor physical security or IT security. What is proper fraud management?

Profit and Loss 52

Profit and Loss Cash Flow Forecasting Restructuring Auditing 52

CFO News Room

DECEMBER 30, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the passage of “SECURE Act 2.0” 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. To start, SECURE 2.0

Planning 130

Planning Auditing Investments Securities 130