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Accounting Best Practices—5 Mistakes That Hinder Growth

CFO Share

Delayed Month Close: The Pitfall of Outdated Information Mistake : Allowing late publication of monthly financial statements. Impact : Late financials are outdated news—stale data that slows decision-making. Solution : Accounting best practices require financials to close by the 15 th each month.

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When consolidating multiple P&Ls breaks your spreadsheets

Centage

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). This is a common problem among controllers and CFOs.

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How AI Improves Enterprise Risk Management (ERM)

The Finance Weekly

, Enterprise Risk Management (ERM) , refers to the systematic procedure of strategizing, arranging, supervising, and managing an , organization's activities with the aim of reducing the negative impacts of risks on its financial resources and profits. The amplified interest in ERM is being driven by external factors.

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The Complete Guide to Nonprofit Accounting Careers

The Charity CFO

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.

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The 5 Best Financial Reporting Software to Enhance the Productivity of CFO

Spreadym

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.

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Scenario Planning in Uncertain Times

Centage

A balance sheet gives investors or analysts a sense of a company’s financial well-being. Profit and loss statement: Also known as an income statement, a profit and loss statement summarizes your company’s costs, expenses, and revenues incurred in a certain period, such as throughout the fiscal year or during a specific quarter.

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Creating a sustainable future with ESG and finance

Jedox Finance

Jochen HeĂźler, Senior Director, Product Management, Jedox Environmental, social, and governance (ESG) has emerged as an important initiative for organizations worldwide as they strive to implement sustainable practices, achieve compliance, and demonstrate substantive value to customers, employees, and investors.