Bramasol

MAY 13, 2024

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. While passing each audit is a critically important milestone, companies also should understand that it is only one aspect of ensuring their financial transparency and integrity.

Auditing

The Charity CFO

MAY 10, 2022

So now is the perfect time to make sure you report in kind gift donations in compliance with GAAP standards in 2022. The changes to in kind donation reporting are specifically for organizations that follow generally accepted accounting principles (GAAP) in preparing their financial statements.

Accounting Standards

CFO Share

AUGUST 5, 2021

The difference between cost of goods sold and ordinary business expenses is well defined in Generally Accepted Accounting Principles (GAAP) but routinely ignored by small business bookkeeping services. Even worse, an IRS income tax return does not follow the same rules as GAAP. Other distribution expenses, such as rent.

Forecasting

The Charity CFO

JANUARY 17, 2022

Accrual accounting is required by Generally Accepted Accounting Principles (GAAP), which means that you’ll need accrual-based reports to complete a nonprofit audit. Accrual accounting is the preferred method for any organization that needs to be audited or anticipates significant growth. Examples of nonprofit expenses: Rent.

Nonprofit

The Charity CFO

JANUARY 13, 2022

Prepare financial statements per Generally Accepted Accounting Principles (GAAP). Submit to an annual audit. For the purposes of GAAP, donations of goods and services are valid revenue. Step #1: Establish Fair Market Value . How to calculate fair market value for in-kind goods: .

Nonprofit

Future CFO

JUNE 14, 2021

Only 52% of survey respondents believe that IFRS 17 earnings / equity will be slightly or much more helpful than current GAAP earnings / equity, and 54% believe that the need for non-GAAP reporting will either slightly or significantly increase.

IFRS

CFO Talks

SEPTEMBER 5, 2024

The South African market offers a range of solutions, from cloud-based platforms that offer flexibility and scalability to on-premises systems that provide greater control and customization. Implementing robust security measures, such as encryption, access controls, and regular audits, is essential to protect sensitive financial information.

IFRS

Bramasol

JULY 26, 2024

As shown below, the three acceptable methods for estimating SSP are 1) Adjusted Market Approach, 2) Expected Cost Plus Margin Approach, and 3) Residual Approach. GAAP, IFRS) for various countries and ensuring accuracy in financial reporting can add significant complexity and time to the close process.

SAP

VCFO

APRIL 27, 2023

After he graduated, he went to work as an audit manager for Deloitte, Haskins & Sells (now Deloitte). He has worked as audit manager and controller for topline public (SEC) companies such as American Home Products, Estée Lauder, Quaker State, and GTE. He earned his CPA license and was promoted twice in four years.

CFO

VCFO

NOVEMBER 1, 2023

Furthermore, the plan can be tailored to include a vesting option which serves to help retention of key employees in a tight labor market. Assessing Accounting For entities preparing GAAP compliant financial statements, adoption of Revenue Recognition Standard (ASC 606) and Lease Accounting Standard (ASC 842) is now mandatory.

Finance

PYMNTS

DECEMBER 10, 2016

The consumer credit market has huge potential — trillions and trillions of dollars — and I wanted to ride that winner. The internal audit had two major and disturbing reveals. Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. So what’s next?

GAAP

CFO News Room

NOVEMBER 2, 2022

Along with renewing their registration annually (for both SEC- and state-registered firms), firms face a variety of requirements related to their internal finances, fees, marketing activities, and advisor agreements depending on whether they are SEC- or state-registered. RIA Fee Itemization And Surprise Custody Audits.

Compliance

Boston Startup CFO

APRIL 3, 2023

Familiarity with Generally Accepted Accounting Principles (GAAP) is essential. Additionally, you open yourself up to compliance and audit issues, and you’ll potentially decrease your chances of securing funding and financing.

Accounting

The Charity CFO

JANUARY 5, 2023

When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). Expenses: Typical expenses include salaries & benefits, insurance, consultant fees, office fees, travel, professional development, utilities, marketing and advertising, program expenses, and fundraising expenses.

Nonprofit

Planful

JULY 27, 2016

Despite all of the news in the market about the high percentage of errors in spreadsheets (88% according to a University of Hawaii study) and the challenges of using spreadsheets for budgeting, planning, and reporting – many organizations continue to struggle with the tool. Not being compliant with US GAAP or IFRS.

Financial Planning and Analysis (FP&A)

Cube Software

MAY 11, 2023

The answers—based on different sources of data like market research or historical sales information—guide internal decision-making to promote regular, sustainable growth as well as create contingency plans for worst-case or best-case scenarios. While GAAP statements are required for public companies, pro forma financials are not.

GAAP

Planful

AUGUST 1, 2017

You’re preparing for an IPO or external audit, which requires having rock-solid financial statements. Multi-GAAP reporting (i.e., US GAAP, Canadian GAAP, IFRS, etc.). And it recognized Planful as a leader in this market. So what does the financial consolidation and close process entail? External board reporting.

GAAP

The Charity CFO

APRIL 13, 2023

In order to successfully manage the financial health of your nonprofit organization, here are 7 key concepts you should understand: Compliance and Audit Requirements Compliance is the act of ensuring the public that nonprofits are abiding by the rules that allow them to take advantage of tax exempt status and other financial incentives.

Nonprofit

Boston Startup CFO

OCTOBER 13, 2015

When I started my online marketing company VerticalResponse, I made the colossal mistake of not hiring experienced people because I was so concerned about saving money. The accounting manager recommended that we audit our books, which seemed like a good idea, especially since we had been having conversations about getting acquired.

CFO

BlueLight

JULY 30, 2020

In the startup world, unit economics is the new product market fit. It can process the data of sales, customer relations, marketing, and human resources. Security and Audit ?—?NetSuite GAAP Revenue Recognition Rules Effective December 2018, FASB changed the guidelines to recognizing revenue under ASC 606.

CFO

The CFO College

APRIL 8, 2021

You’ll really want to delve into the pain points of business owners (saving money, reducing tax burden, and increasing bottom line), tax opportunities and planning, and GAAP accounting and solutions. Implement an Easy-to-Use, Effective Marketing System. Become an Active Part of a Network of Experts.

CFO

CFO Talks

OCTOBER 1, 2024

IFRS, US GAAP). This is crucial for CFOs, as adopting new technologies can reduce operational costs, improve efficiencies, and enable the company to remain competitive in a global market. Is there a significant difference between US GAAP and IFRS , or are we just being a bit too conservative here in South Africa?

Leverage

Onplan

NOVEMBER 30, 2022

OnPlan is a highly rated and comprehensive FP&A solution and one of the most flexible solutions on the market. It’s one of the most flexible and powerful SaaS solutions on the market. Centage Planning Maestro has been on the market for a while and was one of the earlier cloud-based financial intelligence platforms available.

Financial Planning and Analysis (FP&A)

Bramasol

APRIL 7, 2025

SAP Business AI enables Joule AI agents to seamlessly access telco business data across the enterprise, so decision makers have both the visibility and insights to manage all aspects of their heterogeneous telco market landscape. IFRS or GAAP) becomes easier, and financial data can be tracked and reported in real-time.

SAP