Centage

DECEMBER 15, 2022

Why Accurate and Granular or Detailed Financial Reporting is Imperative During Times of Volatility. Often, CFOs and executive teams put together a plan that represents a snapshot of what they believe will happen, based on the best data they have available at the time. Enter Modern Financial Reporting.

Financial Reporting 98

Financial Reporting Financial Planning and Analysis (FP&A) Forecasting Profit and Loss 98

The Finance Weekly

MAY 29, 2024

Understanding their financial status and performance is key for business growth. A study revealed that inefficiencies in the traditional FP&A role, like manual preparation of P&Ls, balance sheets, and cash flows, lead to an annual economic loss of $6.1 Simplify regulatory reporting and minimize errors.

Financial Planning and Analysis (FP&A) 52

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

The Charity CFO

FEBRUARY 25, 2022

You don’t record any financial data in the Chart of Accounts itself; it’s like an organizational map of your accounting structure. In a nonprofit’s Chart of Accounts, each account is identified in four ways: number, name, category type, and a short description. Rename with your bank account and account number.

Nonprofit 98

Nonprofit Accounting Accounts Payable GAAP 98

The Finance Weekly

MARCH 25, 2024

He held the position of Chief Financial Officer (CFO) at CBS Corporation, a major media player, for a good number of years. His main gigs included handling all the financial operations like accounting and financial planning, crafting financial strategies to boost the business, and managing relationships with investors and banks.

CFO 97

CFO Finance Forecasting GAAP 97

Planful

JANUARY 11, 2022

Research from the Wharton School of the University of Pennsylvania suggests that, since AI can lead companies to become more profitable, companies can then hire more employees. This was great for business but led to increasingly long financial reconciliation times. But what happens to humans when the bots take over?

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

Planful

OCTOBER 5, 2021

Another impediment to a fast month-end close is the fact that most organizations don’t have a single source of truth collecting and housing all of their real-time data. Instead, financial data is spread in multiple enterprise resource planning (ERP) systems across various business units.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Benchmarking 40