PYMNTS
DECEMBER 3, 2019
The company used generally accepted accounting principles (GAAP) to essentially turn a $1.9 Using this cash-flow metric, WeWork was able to deduct about $900 million in leasing costs and building expenses from the revenue it took in from members and services. billion net loss into a $142 million profit.
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. You’ll also want to stay current on successful brands, along with trending operations, metrics, and benchmarking.
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VCFO
NOVEMBER 1, 2023
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. Reviewing the asset register and eliminating assets that have been scrapped. If debt is required, the plan will calculate projected covenant ratios.
Planful
AUGUST 1, 2017
According to a 2014 study by APQC benchmarking the financial close process, the bottom performers took 12 days or more to close and report their results to management. Multi-GAAP reporting (i.e., US GAAP, Canadian GAAP, IFRS, etc.). It can also consume a lot of time and resources every month, quarter, and year-end.
Onplan
NOVEMBER 30, 2022
Benchmarking and KPI tracking across the organization to stay on course. The tool has several custom reporting features, including providing scorecards and benchmarking with external data. Automated reporting also enforces compliance with GAAP and IFRS standards. Dashboards and scorecards for KPI monitoring and benchmarking.
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