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The Difference Between Cost of Sales vs Cost of Goods Sold

CFO Share

Grasping the difference between Cost of Sales and Cost of Goods Sold can illuminate aspects of your business’s profitability and operational efficiency in new ways. Let’s unravel these terms to provide you with clear insights and practical knowledge, ensuring your financial reporting is as accurate and insightful.

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CFOs in Asia-Pacific optimistic on regional economic outlook, survey says

Future CFO

Among the key findings of the survey include: Managing risks: Regionally, 51% of CFOs prioritise technology automation to manage risks, 38% focus on enhancing operational procedure monitoring, and 33% emphasise more aggressive cost management.

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From Necessary Evil to Mission Fuel: The Strategic Role of Nonprofit Financial Statements

The Charity CFO

Statement of Functional Expenses Financial Uses Expense Analysis : Helps analyze and categorize expenses by their functional nature, such as program services, management and general, and fundraising. Financial Reporting : Provides a comprehensive view of the organization’s expenses. Get the free guide!

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10 KPIs to Track Business Performance

The Finance Weekly

In managing a small business, it's important not to rely solely on your intuition. Key Performance Indicators (KPIs) play a crucial role, especially in , financial reporting. To assess your company's financial well-being, it's better to be objective rather than subjective. Why KPIs are Important to your Business?

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What to look for in nonprofit accounting financial statements

The Charity CFO

Functional classifications include program costs, management and general costs, and fundraising costs. The Charity CFO works exclusively with nonprofits to help with accounting, including preparing financial statements and providing CFO-level guidance. Do You Struggle to Make Sense of Your Financial Statements?

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What are the Red Flags of Fraud?

CFO Share

Have you grown your sales only to see your costs rise equally? There are many symptoms of fraud which can be easily confused with general business challenges like poor cost management. Keep in mind neither financial statement audits nor tax accounting are not designed to detect all forms of embezzlement.