article thumbnail

The 5-Minute Guide to Nonprofit Finances

The Charity CFO

Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. But if you bring zero experience in accounting or financial management to your organization, that’s okay. In most cases, these include an annual audit and federal tax return.

article thumbnail

Tracking changes in Excel spreadsheets

Spreadym

However, this approach is fraught with a number of problems that can greatly complicate the planning and budgeting process. The final file does not provide the possibility of auditing and tracking changes. Comprehensive enterprise performance management software (or EPM) includes the tracking function.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Turning challenges into opportunities: being a financial controller in 2024

Future CFO

As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of a finance controller is anything but ordinary. She adds that impeccable financial analysis is key as effective communication and relationship-building skills foster an innovative and inclusive culture.

article thumbnail

Beyond the Basics: 7 Key Focus Areas for New CFOs

CFO Talks

This involves rigorous financial analysis to assess the viability of new projects, coupled with a strategic perspective on how these investments align with the company’s long-term goals. By applying a balanced approach, CFOs can ensure that innovation efforts are both ambitious and financially sound.

article thumbnail

Where Can FP&A Career Path Take You?

Fpanda Club

Planning, budgeting and forecasting are linked together forming financial planning processes. Financial analysis is a type of economic analysis based on the financial data and focused on the assessment of stability and evaluation of profitability of a company, business or project.

article thumbnail

Finance vs. Accounting

CFO Simplified

The CFO’s time is primarily spent with analytics, diving into the “whys” of the numbers, the direction of the company’s performance, the factors that bring improvement, and what that improvement could look like. Everything that happens in a company flows down to the financials. You change operations, you affect the financials. .

article thumbnail

5 Excel-heavy Pain Points still Dragging down finance teams in 2024

The Finance Weekly

However, even with these advanced ERP systems and other third-party software products, most small to large businesses still must manually use Microsoft Excel (Excel) for financial analysis, reporting, and other activities. You’ll need to first find the data, export the information needed, and then dump it into Excel.