The Charity CFO

AUGUST 15, 2023

For accountants, this means the profit-generating strategies and investment ideas you bring to the table are still applicable and can make a massive impact. One key differentiator is that what is recorded following GAAP is what will show up on the audit and may not show up on the IRS tax form, Federal Form 990.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

The Charity CFO

JANUARY 17, 2022

Accrual accounting is required by Generally Accepted Accounting Principles (GAAP), which means that you’ll need accrual-based reports to complete a nonprofit audit. Both GAAP and the IRS require nonprofits to report their expenses broken down into 3 categories: Program services expenses. Difference #3: Functional Expenses. Other Taxes.

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

The Charity CFO

MAY 11, 2023

A study by the Stanford Social Innovation Review found that nonprofits that invested in strong financial management practices, including bookkeeping, were more likely to achieve their mission and grow their organization. Strong financial management can come in many forms and there is no one size fits all for any nonprofit organization.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

PYMNTS

DECEMBER 10, 2016

and around the world, massive investments from the biggest names in tech, and a seemingly unending pile of praise for the firm that was going lead the charge to reform — for the better — the battered and bruised consumer credit markets in the post-recession world. But the second issue directly implicated Laplanche. So what’s next?

GAAP 73

GAAP Compliance Valuation Auditing 73

Strategic Treasurer

MARCH 6, 2023

In other words, I can use them and they’re in the right place, the right currency, the right bank account, that I can take advantage of that to pay down debt to make investments in an efficient manner. And AR would hit a cash clearing account, now those cash clearing accounts are treated as cash for GAAP purposes.

Financial Planning and Analysis (FP&A) 52

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

CFO Leadership

OCTOBER 18, 2023

As AI permeates finance, questions about its compliance with audits and financial governance will arise. Companies like Google and Amazon are investing heavily in AI R&D to customize models for their needs. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),

Finance 52

Finance Accounting Auditing IFRS 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.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

The Charity CFO

FEBRUARY 2, 2022

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. . We recommend you always partner with a CPA familiar with nonprofit accounting to ensure compliance and proper reporting. . Full Form 990.

Nonprofit 98

Nonprofit Profit and Loss Auditing GAAP 98

The CFO College

FEBRUARY 19, 2021

Any non-accounting compliance work needed? Position your services as an investment, not a cost. Many of these business owners do not understand the complexities involved with proper accounting, so you will be an essential asset and worthwhile investment. Any “big” items planned ahead (exits, acquisitions, etc.)?

Communication 52

Communication CFO GAAP Accounting 52

The CFO College

APRIL 8, 2021

Investing time and money every month into expanding your “VIP” could increase your revenue, especially if you commit to doing something to work on these three areas for one hour a day. Invest a little time every day and eventually you’ll start to see peers and clients looking to you as a viable leader.

CFO 52

CFO Benchmarking Accounting Tax Planning 52

Onplan

NOVEMBER 30, 2022

Key features — The top features each platform is known for or has invested in. Since Workday acquired Adaptive Planning, they’ve invested a lot in making the two systems work well together. Automated reporting also enforces compliance with GAAP and IFRS standards. Some clients have reported implementations of over a year.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52