article thumbnail

IBM Cognos Controller: Financial close management managed by the office of finance

Future CFO

DOWNLOAD NOW. The post IBM Cognos Controller: Financial close management managed by the office of finance appeared first on FutureCFO.

Finance 52
article thumbnail

5 Steps to Prepare your Organization for a Financial Audit

E78 Partners

Beyond these, it’s important to comprehensively document processes, risks, and controls, with a keen focus on meeting SOX compliance criteria, thereby bolstering transparency and accountability in all financial reporting endeavors. To further streamline these tasks, employing electronic document management systems is recommended.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

7 Essentials Of Nonprofit Financial Management

The Charity CFO

Tax issues and non-compliance with regulatory requirements. When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). Bring GAAP compliance. This involves ensuring compliance with all accounting, reporting, and disclosure requirements. Collaboration issues.

article thumbnail

What is Quality of Earnings?

CFO Share

Audited financial statements focus on compliance with GAAP accounting standards, whereas Quality of Earnings reports focus on the company’s earnings history and potential. Reviews of account reconciliations, account aging, and composition. What is the difference between a quality of earnings report and an audit?

article thumbnail

The Basics of Nonprofit Bookkeeping

The Charity CFO

Nonprofits must maintain thorough and accurate financial records to comply with both Generally Accepted Accounting Principles ( GAAP ) and maintain their tax-exempt status with the IRS. Prepare bank reconciliations. Efficiency, transparency, and compliance are the hallmarks of an organization with effective bookkeeping. .

article thumbnail

How Compliance Rules Vary For State- Vs SEC-Registered RIAs

CFO News Room

Chris Stanley is the Founding Principal of Beach Street Legal LLC, a law practice and compliance consultancy whose sole purpose is to help entrepreneurial investment advisers and financial planners succeed. Compliance policies and procedures manual. Author: Chris Stanley. Guest Contributor. Net capital worksheet. Surety bond.

article thumbnail

How to Comply with Accounting Standards for Nonprofits

The Charity CFO

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.