Adam Kae

SEPTEMBER 24, 2020

Adam Kae & Associates is a Virtual Healthcare CFO. This article will talk about: What a CFO Does. What a Healthcare CFO Does. What it Means to be a Virtual CFO. CFO - Chief Financial Officer. CFOs are the head of the finance department. Here's a Brief List of (Some) CFO Tasks: Financial Reporting.

Healthcare 52

Healthcare CFO Profit and Loss Forecasting 52

The Charity CFO

FEBRUARY 27, 2024

At The Charity CFO, we like to do the latter because we feel it leaves you with a more realistic budget base. Review Prior Year Activity To review your prior year’s activity, you’ll use a “Profit and Loss Detail” report or something similar. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Budgeting Profit and Loss CFO 52

CFO Simplified

FEBRUARY 17, 2022

But understanding your company’s profitability is critical to making the right decisions. Confusion over cash-versus-accrual reporting creates continuing questions for business owners. Bringing Value through CFO Insights. Financial Reporting. The company’s financial results varied wildly from month to month.

Accounting 52

Accounting Retail Profit and Loss Cash Flow Forecasting 52

The Charity CFO

OCTOBER 13, 2023

When liquidation takes place, more often than not the corporation would be at a negative or loss on the resale of office chairs. On for-profit books, by reducing tax liability (assets) the business can ultimately pay less in taxes at the end of the year, which will increase their net (loss) of income. Get the free guide!

Nonprofit 97

Nonprofit Profit and Loss Math CFO 97

CFO Simplified

FEBRUARY 17, 2022

Bringing Value Through CFO Insights. The company was profitable, but after some moves to expand the business, they were worried about depleting their cash reserves and using up their line of credit with the bank—which would put a halt to further expansion plans. Financial Reporting. Location – Suburban Chicago.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting CFO Financial Reporting 52

The Charity CFO

JANUARY 31, 2022

You may also know it as a profit and loss statement or income and expense report. Simply, it reports your organization’s revenue and expenses during a specific period and the difference between them. . In the for-profit world, they call the difference between revenues and expenses net income. Or profit. .

Nonprofit 98

Nonprofit Profit and Loss Auditing GAAP 98

CFO Share

AUGUST 5, 2021

In simple terms, that means the cannabis industry taxable income is closer to its revenue rather than profit. Losses under section 165 (fire, storm, theft, etc.). Depreciation and amortization reported for tax purposes in excess of that reported in financial reports. Interest expense. R&D expenses.

Forecasting 96

Forecasting GAAP Profit and Loss Accounting Principles 96

The Charity CFO

SEPTEMBER 14, 2022

As a result, Congress implemented the UBIT in 1950 to eliminate the unfair advantage tax exemption gave to nonprofits competing against for-profit entities in the same sector. For example, the UBIT prevents an entity such as a church from using its exempt status to open a store purely for profit with no charitable purpose.

Nonprofit 98

Nonprofit Profit and Loss Education CFO 98

CFO Simplified

APRIL 15, 2022

Bringing Value Through CFO Insights. Unfortunately, financial reporting had been inconsistent, so the owners wanted help putting together a set of financials that the bank would accept. Financial Reporting Inconsistencies. Business owners are always concerned about company profits. Recommendations.

Profit and Loss 52

Profit and Loss Manufacturing General Ledger Accounts Payable 52

CFO Simplified

JUNE 1, 2023

Most business owners get financial reports monthly: Profit and Loss, Balance Sheet, Statement of Cash Flows. The problem is, those monthly reports show your financial performance in the past — what has already occurred in your business. They’re just running historical reports. More profitably.

Cash Flow Forecasting 52

Cash Flow Forecasting Profit and Loss Strategic Planning CFO 52

The Charity CFO

OCTOBER 9, 2023

Understanding the Role of Accounting Setup for a Nonprofit Organization Accounting systems are a vital part of every business or organization, from the largest for-profit corporations to the smallest local charities. The most direct of these are financial inaccuracies and misreporting, which can create a host of related problems.

Nonprofit 59

Nonprofit Accounting Profit and Loss Compliance 59

Creative CFP

NOVEMBER 2, 2020

The cash flow statement is the final piece of the puzzle when it comes to the monthly management reports that we prepare here at Creative CFO. This is without a doubt one of the most important and often overlooked financial reports within the monthly report pack. In essence, profits do not always equal cash.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting Invoicing CFO 52

CFO Simplified

FEBRUARY 17, 2022

Bring Value through CFO Insights: Like any forecasting tool, proper budgeting allows management to make decisions that can help the company avoid future problems. Their in-house CFO was too busy to take on the task. A detailed set of reports, complete with sales and costs by item group created a good starting point. Evaluation.

Budgeting 52

Budgeting Cash Flow Forecasting Profit and Loss CFO 52

The Charity CFO

AUGUST 15, 2023

Myth #1: Nonprofit Accounting is Completely Different from For-Profit Accounting One reason accountants seeking a new role may steer clear of a nonprofit accounting position is that they assume the methods are completely different. In the for-profit world, revenue is typically only recorded when earned or cash has been collected.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

CFO Share

AUGUST 14, 2023

You do not need to be a CFO to gain valuable insight from this report. By asking yourself basic questions and checking the report, the data will inform you of critical business changes and improve your decisions. Is the company returning cash to stakeholders or is it receiving outside investment to fuel growth and/or losses?

Profit and Loss 40

Profit and Loss Prioritization Finance Investments 40

CFO News Room

FEBRUARY 4, 2022

Tax laws allow for the modified accelerated cost recovery system (MACRS) depreciation method, while most companies use the straight-line depreciation method for financial reporting. Equity classifications typically result from the company using accelerated depreciation for tax purposes but not for financial-reporting purposes.

Profit and Loss 130

Profit and Loss Financial Reporting Accounting Sales 130

CFO Simplified

SEPTEMBER 11, 2023

I think that the Statement of Cash Flows is the disrespected stepsister of financial reporting, much like Cinderella. So, let’s look to see how this Cinderella report can help you plan for and understand your use of cash. By comparison, it’s much like your Profit and Loss statement.

Cash Flow Forecasting 52

Cash Flow Forecasting Forecasting Profit and Loss Financial Reporting 52

The Charity CFO

DECEMBER 27, 2023

However, small nonprofits may not have access to the same resources as for-profit businesses or large nonprofits. Familial leave policies, such as maternity and paternity leave, paid bereavement for loss of a pregnancy, and allowing new parents to step away from work and focus on their new child. Get the free guide!

Nonprofit 52

Nonprofit Budgeting Profit and Loss Transportation 52

Jedox Finance

AUGUST 10, 2022

It is possible for an organization to have significant earnings and profit in a given quarter but, due to a delay in payment, still be in a negative cash flow position. The income statement is concerned with four key elements: revenue, expenses, gains, and losses. A negative cash flow occurs when outflows are higher than inflows.

Forecasting 52

Forecasting Profit and Loss CFO Finance 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. Regular inventory shortfalls at physical counts. Increasing vendor expenses as a % of sales. What is proper fraud management?

Profit and Loss 52

Profit and Loss Cash Flow Forecasting Restructuring Auditing 52

The Charity CFO

JANUARY 26, 2023

Start With the Fundamentals of Nonprofit Tax Filing Non-profit organizations operate in many areas of society, including education, healthcare, sports, and social services. Proper revenue recognition is a core accounting principle that ensures proper financial reporting, ensuring that you remain compliant and maintain donor confidence.

Nonprofit 52

Nonprofit Accounting Principles Profit and Loss Auditing 52

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

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 Talks

DECEMBER 26, 2021

SAIBA’s CEO, Nicolaas van Wyk, provides interesting feedback from the recent CFO World Congress in Mexico, how developments at COP26 will soon change a CFO’s reporting obligations, and the trends for CFOs going into 2022. CFO Talks is a brand of the South African Institute of Business Accountants.

CFO 40

CFO Profit and Loss Finance Accounting 40

Planful

JANUARY 11, 2022

Research from the Wharton School of the University of Pennsylvania suggests that, since AI can lead companies to become more profitable, companies can then hire more employees. This was great for business but led to increasingly long financial reconciliation times. But what happens to humans when the bots take over?

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

Centage

DECEMBER 12, 2023

When it comes to analyzing a company’s financial health, one of the most important documents to look at is the consolidated profit and loss statement (often called a P&L, P and L, or P&L statement). What is a consolidated P&L statement? A consolidated income statement is essentially a consolidated P&L.

Profit and Loss 52

Profit and Loss Budgeting Forecasting Compliance 52

The Charity CFO

JANUARY 17, 2022

And then, there are a series of reports and financial statements you’ll use to communicate the financial reality of your organization to potential donors, the IRS, watchdog agencies, and other stakeholders. The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. .

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

Future CFO

SEPTEMBER 14, 2020

Key for CFOs and finance leaders is to demonstrate a connection between sustainability and company value, that there is long-term profit in allocating capital to a business that practices sustainable growth and proactive risk management, employee engagement, retention and corporate reputation.

Accounting 40

Accounting Leadership Finance Profit and Loss 40

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. NPOs must adhere to these accounting policies to remain compliant with the law and maintain their tax-exempt status.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

CFO Simplified

APRIL 15, 2022

Knowing the actual cost of production is critical to setting accurate pricing and therefore profitability for any manufacturing company. Bring Value through CFO Insights. Getting to the real numbers are the key to profitability. Significant Findings, Recommendations and Course of Action: Monthly Reporting Package.

Profit and Loss 52

Profit and Loss Manufacturing CFO Accounts Payable 52

The Charity CFO

FEBRUARY 25, 2022

Your financial reports will be organized according to the accounts in your Chart of Accounts. But no matter which name you use, it’s the accumulation of any surpluses (profit) that your organization has built up over time. Gain/Loss on Sale of Assets. Gain or loss resulting from the sale of property or equipment.

Nonprofit 98

Nonprofit Accounting Accounts Payable GAAP 98

Future CFO

JULY 13, 2020

“With the sales being affected with advertisers not placing the ads, we are mulling over scenarios where we adapt a revenue-share or profit-share basis to be able to fund new programmes. Because programming licenses are very high, and we may not meet some profitability scenarios that we have. Umeer Zahoor.

Planning 52

Planning Finance Manufacturing Advertising 52

PYMNTS

JANUARY 15, 2019

During the fourth quarter, so did profit per share ($1.21 The FI’s Q4 profit was $6.1 The bank also reported general purpose credit card point-of-sale (POS) purchase volume of $20.2 Total credit losses were $721 million in fourth quarter 2018, up $41 million from third quarter 2018,” the bank said in its financial report.

Profit and Loss 46

Profit and Loss Risk Management Compliance CFO 46

PYMNTS

JANUARY 15, 2019

During the fourth quarter, so did profit per share ($1.21 The financial institution’s Q4 profit was $6.1 The bank also reported general purpose credit card point-of-sale purchase volume of $20.2 Fourth-quarter revenue came in at about $21 billion, a decline of approximately 5 percent, and short of analyst expectations.

Profit and Loss 43

Profit and Loss Risk Management Compliance CFO 43

PYMNTS

JULY 26, 2018

Facebook ‘s stock price plunged Wednesday (July 25) after the social media operator’s Q2 financial report showed missed targets on revenue and users, and the ongoing costs of the privacy and data scandals to hit the company gained clarity. Post-GDPR Losses. million, while Europe had 279 million against an anticipated 279.4

Advertising 40

Advertising Profit and Loss CFO Currencies 40