Bramasol

MAY 13, 2024

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. Inspections: It conducts regular inspections of registered public accounting firms to assess compliance with PCAOB standards and applicable laws and regulations.

Auditing 95

Auditing Compliance SAP Accounting Standards 95

CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Accounting 95

Accounting Finance Auditing IFRS 95

Future CFO

SEPTEMBER 15, 2021

There are 10 most sough-after shared services skills in the finance and accounting function in the past year, said Gartner recently. Looking for the top finance shared services skills in the same place as everyone else is costly,” said Jessica Kranish, senior principal, research, Gartner. Knowledge of GAAP.

Finance 75

Finance GAAP Accounting Principles Accounts Payable 75

CFO Share

JUNE 27, 2024

How a CFO Ensures Compliance in Financial Reporting Reliable financial statements are crucial for business management, but ensuring compliance may feel like a luxury in the resource-constrained world of small business. How can a small business ensure compliance in reporting without overspending on accounting staff and audits?

Financial Reporting 52

Financial Reporting Compliance CFO Auditing 52

Bramasol

AUGUST 21, 2024

In the customer driven DSE model, companies need to adapt their processes to meet a dynamically changing range of customer needs, while also assuring robust backend processing with integrated revenue compliance.

SAP 94

SAP Compliance GAAP Leverage 94

The Charity CFO

JANUARY 22, 2025

As the organization grew, they needed to implement formal policies, handle compliance issues, and professionalize their approach to managing employees. Financial Management Moving from basic bookkeeping to GAAP-compliant accounting became necessary as the organization grew. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit GAAP CFO Leverage 52

Bramasol

JULY 26, 2024

In this episode, we dive into five issues that are at the heart of optimizing Quote-to-Cash to Compliance with SAP Revenue Recognition and subscription management applications, including complex bundling scenarios. Closing and Reporting: How can we shorten our periodic closing cycles while assuring reporting and disclosure compliance?

SAP 90

SAP IFRS GAAP Compliance 90

Bramasol

JUNE 10, 2022

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. They also likely will face different taxation structures for specific countries or even local jurisdictions. Controlling (CO).

Accounting Principles 90

Accounting Principles IFRS Accounting SAP 90

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. The post Strategic Finance Focus at Year-End appeared first on vcfo. Reviewing the asset register and eliminating assets that have been scrapped.

Finance 88

Finance Strategic Planning Auditing CFO 88

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. Why is FASB making this change?

Accounting Standards 92

Accounting Standards Accounting GAAP Nonprofit 92

Future CFO

APRIL 18, 2022

Finance organizations regularly face the challenges of meeting strict deadlines and satisfying data quality requirements for closing the books and delivering accurate financial statements. It enables finance teams to automate and accelerate the financial close with minimal IT support. DOWNLOAD NOW.

Finance 52

Finance IFRS GAAP Accounting Principles 52

CFO Talks

SEPTEMBER 5, 2024

It’s essential to engage with various stakeholders—including finance teams, auditors, and even IT professionals—to identify the specific needs that your system must address. A user-friendly interface can significantly reduce the learning curve and increase the system’s adoption rate among your finance team.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

CFO Selections

AUGUST 28, 2024

Business executives rely on their Finance Teams to be in front of changes, especially when the impact is big. By proactively preparing for GAAP changes, CFOs can position their business for success. In fact, this is a primary requirement for your accounting and finance personnel. Executive Summary: Changes happen.

Accounting 52

Accounting GAAP Compliance CFO 52

The Charity CFO

OCTOBER 9, 2024

Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance. The Impact of GAAP on Integration Efforts We’ve mentioned GAAP several times, but why do these principles affect integration so much? For nonprofits, GAAP ensures transparency, accuracy, and consistency in financial statements.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

E78 Partners

NOVEMBER 19, 2024

Audit season presents a set of unique challenges for private equity-backed companies, particularly those that must balance the expectations of investors with the demands of compliance. Ensure that impairment analyses are completed according to audit priorities, with asset groupings and forecast data that align with GAAP standards.

Auditing 52

Auditing GAAP Restructuring Compliance 52

E78 Partners

NOVEMBER 19, 2024

Audit season presents a set of unique challenges for private equity-backed companies, particularly those that must balance the expectations of investors with the demands of compliance. Ensure that impairment analyses are completed according to audit priorities, with asset groupings and forecast data that align with GAAP standards.

Auditing 52

Auditing GAAP Restructuring Compliance 52

PYMNTS

OCTOBER 25, 2019

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct. As the letter notes, U.S.

Finance 40

Finance GAAP Compliance Accounting Standards 40

Centage

NOVEMBER 22, 2021

For those dedicated finance professionals working in the nonprofit sector, the myriad of unique industry challenges from managing multiple stakeholders and funding sources, to understanding compliance standards and creating financial processes, add another layer of complexity to the process. It’s all automated and GAAP compliant.

Financial Planning and Analysis (FP&A) 72

Financial Planning and Analysis (FP&A) Nonprofit Planning Finance 72

The Charity CFO

JANUARY 11, 2023

Revenue recognition for nonprofits may seem fairly straightforward, but has unique complexities with important compliance consequences. All these sources must be carefully managed to ensure compliance with Generally Accepted Accounting Principles (GAAP) and guidelines. Receive grants. Employ paid staff.

Nonprofit 52

Nonprofit GAAP Accounting Principles Auditing 52

The Charity CFO

JANUARY 19, 2023

In the United States, these Generally Accepted Accounting Principles (or GAAP) are set by the Financial Accounting Standards Board (FASB). First, nonprofits must follow GAAP, the Generally Accepted Accounting Principles. 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

Boston Startup CFO

APRIL 3, 2023

However, don't undervalue the significance of comprehending finance for your startup's survival. 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 52

Accounting Accounting Principles GAAP Startups 52

CFO Leadership

OCTOBER 18, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Accounting 52

Accounting Finance Auditing IFRS 52

PYMNTS

DECEMBER 10, 2016

The hype that surrounded marketplace lenders like Lending Club was that they were coming to eat the big banks’ lunch with their better underwriting, greater speed and lack of encumbrances like physical branches or compliance rules. In that instance, it is not clear if Laplanche had direct knowledge of the sale or compliance violations.

GAAP 73

GAAP Compliance Valuation Auditing 73

The Charity CFO

JANUARY 17, 2022

You need to get a better grasp of your organization’s finances now. Accrual accounting is required by Generally Accepted Accounting Principles (GAAP), which means that you’ll need accrual-based reports to complete a nonprofit audit. It’s a necessity. Well, you’ve come to the right place! Difference #3: Functional Expenses.

Nonprofit 89

Nonprofit Accounting Profit and Loss Accounts Payable 89

Strategic Treasurer

MARCH 6, 2023

Episode 243 Becoming a Treasurer Series, Part 24: Languages of Finance: FP&A As we jump back into the Becoming a Treasurer series, we are launching a new sub-series where we will look at the “language of finance.” What are some of the different ways we look at it in finance, accounting as a view of it?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Treasury GAAP 52

E78 Partners

NOVEMBER 12, 2024

Take a critical look at areas prone to audit issues—such as revenue recognition, procurement, impairment, and financial reporting—ensuring that controls in these high-risk areas meet compliance standards.

Auditing 52

Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 52

E78 Partners

NOVEMBER 12, 2024

Take a critical look at areas prone to audit issues—such as revenue recognition, procurement, impairment, and financial reporting—ensuring that controls in these high-risk areas meet compliance standards.

Auditing 52

Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 52

The Charity CFO

JANUARY 5, 2023

Sure, your mission should be a priority, but managing finances can’t be neglected either. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud. Tax issues and non-compliance with regulatory requirements. Bring GAAP compliance. Collaboration issues. Collaboration issues.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

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 52

Nonprofit Accounting Standards Compliance Budgeting 52

CFO Thought Leader

MARCH 25, 2025

By offering that openness, he reinforced his belief that finance isnt just about numbers, but about building trust and forging a clear path forward. Robbins embeds dedicated finance professionals alongside revenue-focused teams, helping to fine-tune territory splits, refine pricing, and calibrate product positioning based on real-time data.

CFO 52

CFO Marketing GAAP Prioritization 52

CFO Share

NOVEMBER 15, 2023

As a small business owner or finance manager, it’s crucial to approach this process with a clear plan. An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) Risks of fraud or non-compliance. Embarking on your first financial audit can be nerve-wracking. What Do Financial Auditors Look For?

Auditing 52

Auditing IFRS GAAP Invoicing 52

Boston Startup CFO

OCTOBER 29, 2012

Your business is creating a product or service; finance is not your business. Accountant: If your financial status doesn’t warrant hiring a CFO, you still need financial support; at the very least, you’ll need help with your day-to-day accounting and regulatory compliance. Courtesy of YEC.

Startups 52

Startups Mergers and Acquisitions (M&A) GAAP Accounting Principles 52

The Charity CFO

FEBRUARY 2, 2022

The 990-EZ may be simpler than the full form, but it’s still a complex declaration of your organization’s finances. If your organization falls into the $50,000-$200,000 range but must complete an annual audit for funding or GAAP purposes, it is wise to skip Form 990-EZ and head straight to the full form. . Full Form 990.

Nonprofit 88

Nonprofit Profit and Loss Accounting Auditing 88

The Charity CFO

NOVEMBER 10, 2022

Whether you are an educational, charitable, religious, sports, or other public-benefit organization, you need to have a good handle on your finances in order to make the most impact. Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

The Charity CFO

JULY 12, 2024

Transitioning to accrual-basis accounting can offer a more accurate representation of finances and enhance long-term planning. Adopting the accrual method ensures compliance with Generally Accepted Accounting Principles (GAAP) and other relevant standards. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Accounting Budgeting GAAP 52

Planful

AUGUST 1, 2017

If the latter is the case, Planful recently held a webinar focused on how you can automate and accelerate the financial close, consolidation, and reporting process and free up more Finance time for value-added analysis. Many Finance professionals may think that only large enterprises need a formal financial consolidation process and system.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

Centage

NOVEMBER 22, 2023

In the detail-oriented world of finance, where precision and foresight are paramount, financial professionals often grapple with the daunting task of consolidating multiple Profit & Loss statements (P&Ls). As companies grow and diversify, the challenges in managing and consolidating multiple P&L statements become more pronounced.

Profit and Loss 52

Profit and Loss Budgeting GAAP Financial Reporting 52