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

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

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

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

Jedox Finance

JULY 11, 2023

Jochen Heßler, 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.

Financial Planning and Analysis (FP&A) 52

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

Centage

NOVEMBER 8, 2023

Building and maintaining an effective budget is daunting no matter what industry you’re in — but financial planning for nonprofits is especially tough. Finance (and the executive team) can immediately quantify assumptions and understand how they will affect the financial statements.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Nonprofit Budgeting GAAP 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. Legal compliance: Does a benefit offering meet legal requirements or standards? Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit Budgeting Profit and Loss Transportation 52

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.

Financial Planning and Analysis (FP&A) 72

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

CFO Talks

DECEMBER 26, 2021

CIARAN RYAN: I think one of the things that I’ve noticed in doing CFO Talks over the course of the year is that I get sense that there’s a lot of attention on compliance, the CFOs are aware of this, maybe the climate change thing is still quite new and they’re still getting their teeth into it. You’ve mentioned the PIC.

CFO 40

CFO Profit and Loss Finance Accounting 40

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