article thumbnail

The Future of Financial Leadership: Aligning Operational and Strategic CFOs

The Finance Weekly

It involves analyzing financial statements and data from different business units. Specialists in operational finance create financial models that outline the details of business processes and their impact on the company's goals, staff plans, budget, and cash flow.

article thumbnail

UK Financial Watchdog Ramps Up Auditor Oversight

PYMNTS

financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over the dominance of the Big Four auditing firms. The watchdog also said it will hire more staff, and increase its budget. KPMG , PwC , Deloitte and EY head the U.K.

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

How NPOs Can Master Financial Planning

The Finance Weekly

Financial Planning for NPOs Financial planning for nonprofits entails optimizing your activities by meticulously managing all aspects of your finances. Many of the same issues that private-sector businesses face, such as raising revenue and managing budgets, apply. 4 Steps NPOs can do to improve their financial planning.

article thumbnail

Fund Accounting for Nonprofits & Charities

The Charity CFO

Think of each fund as a mini organization within your company, each with its own budget and financial statements that track revenue, expenses, liabilities, assets, and equity (net assets). . When you set up funds in your chart of accounts, they’ll show on your financial statements as well. Permanently restricted net assets .

article thumbnail

A CFO’s Role in Climate Change Mitigation

The Finance Weekly

Environmental standards may seem like a non-urgent issue if laws haven’t been passed yet, but the CFO needs to be the reminder that these issues are imminent for budgeting, forecasting, and the overall long term vision of the company. This particularly affects budgeting and forecasting, and makes financial planning that much more difficult.

CFO 52
article thumbnail

Spend Management Reaches For New — And Digital — Maturity

PYMNTS

Spend management is a vital party of a company’s operations, as the costs of supplies — or of certain entertainment and travel activities — are likely to reflect, directly or indirectly, on the invoices going to customers and in the financial reports of firms.

article thumbnail

How to create & use pro forma statements

Cube Software

Pro forma financial statements and GAAP It's important to note that, since pro forma statements are based on hypothetical or projected data, they are not compliant with generally accepted accounting principles—GAAP statements must be based on actual financial results. How long would your business be able to continue operating?

GAAP 40