CFO Dive

JULY 28, 2025

Edlow asserted that the system that is now a lottery should favor companies who pay foreign workers higher wages, according to the report. Daily Dive M-F Tech Weekly Every Tuesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Registered in England and Wales.

CFO

The Charity CFO

DECEMBER 30, 2021

So it’s not always a wise investment for some smaller nonprofits. . If you need to build confidence but aren’t ready to invest in an audit, you have two main alternatives : a financial review and a financial compilation. Nonprofit Audit Alternative #1: Financial Review . But it’s expensive.

Nonprofit

Future CFO

DECEMBER 31, 2021

In response, 82% of CFOs report that investments in digital are accelerating faster than in other areas, including talent, supply chain, business services or fixed assets. Victor Ng: It’s vital for Singapore to embrace global movements to remain competitive as a global financial hub.

Leadership

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. What is financial reporting software?

Financial Reporting

The Charity CFO

JANUARY 17, 2022

Your core financial reports, which we’ll look at below, exist to answer this one simple question– how much value has your organization created ? It shows as a liability on your financial reports, so it reduces your net assets. It’s easier for simple tax filings and less susceptible to financial misconduct.

Nonprofit

The Charity CFO

OCTOBER 9, 2024

individual and corporation connections), history, donor intent, or soft credits Accounting software tracks financial transactions with strict adherence to GAAP Integrating two systems with fundamentally different data priorities can risk data inconsistencies, inaccuracies, and loss of information.

Accounting

The Charity CFO

APRIL 5, 2022

Furthermore, accrual accounting is required by Generally Accepted Accounting Principles ( GAAP ) because it gives you a more accurate picture of your organization’s fiscal situation and allows for easier side-by-side comparison with financial statements of other organizations. Investments. Common accrual accounts include: .

Nonprofit

The Charity CFO

JANUARY 21, 2022

Both Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) 116/117 require at least a minimum level of fund reporting, so you’ll need it in order to pass an audit. Permanently restricted are typically large donations that function as investment accounts or an endowment fund.

Nonprofit

Bramasol

MAY 13, 2024

Its primary role is to oversee and regulate the auditing of public companies to protect investors' interests and ensure the integrity of financial reporting. Standard-Setting: It plays a role in setting and updating auditing standards to enhance the quality of audits and financial reporting. Why Should You Care?

Auditing

CFO News Room

NOVEMBER 2, 2022

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one (or more) state securities regulatory agencies. Executive Summary. Guest Contributor. Federal Vs State Registration Application Differences For RIAs. Parts Of Form ADV For RIAs.

Compliance

The Charity CFO

FEBRUARY 25, 2022

Because even if you only have one bank account, bill, investment, or expense, you’ll need one. It’s a list of the accounts you use in your organization to track your financial transactions. Your financial reports will be organized according to the accounts in your Chart of Accounts. Assets-1000s. Equity-3000s.

Nonprofit

The Finance Weekly

MARCH 25, 2024

Well, CEOs are cluing in on the fact that having a financial expert on board can steer their ship in the right direction and spur business growth. In a nutshell, companies are starting to view CFOs as smart investments rather than just expenses. They also pitch in on major financial moves like mergers and fundraising.

CFO

PYMNTS

JUNE 10, 2019

Reports in The Block Crypto late last week said a group of California CPAs has sent a letter to the Financial Accounting Standards Board, a federal board that sets Generally Accepted Accounting Principles (GAAP), requesting that it consider establishing a task force to address a lack of clarity in cryptocurrency accounting standards.

Accounting

The Charity CFO

JANUARY 11, 2023

Nonprofits rely on a mix of sources for their income, from fundraising, grants, and investments to earned income and individual contributions. All these sources must be carefully managed to ensure compliance with Generally Accepted Accounting Principles (GAAP) and guidelines. Undergo annual financial audits. Receive grants.

Nonprofit

Centage

DECEMBER 7, 2022

Want to see it in action? Check out our video here. To learn more about the Planning Maestro App for QuickBooks Online Advanced or Planning Maestro and how you can modernize your FP&A process to tackle what lies ahead, view our product demonstration video or call 800.366.5111.

Budgeting

The Charity CFO

DECEMBER 28, 2022

This is anything that belongs to the nonprofit, including property, cash, equipment, investments, receivables, prepaid expenses, and pledged donations. Assets can be broken down as follows: Current assets (Investments, pledged donations, bank balances, etc.). This financial report contains three segments: 1.

Nonprofit

The Charity CFO

JANUARY 5, 2023

Maintaining healthy financial management is critical for the organization’s sustainability, stability, and flexibility, now and in the future. Misuse of funds and poor investments. Poor financial reporting. Your organization has physical assets, including cash, investments, and other tangible property.

Nonprofit

Cube Software

MAY 11, 2023

Pro forma financial statements and GAAP It's important to note that, since pro forma statements are based on hypothetical or projected data, they are not compliant with generally accepted accounting principles—GAAP statements must be based on actual financial results.

GAAP

CFO Leadership

OCTOBER 10, 2023

For instance, could financial statements generated by ChatGPT withstand audit scrutiny? Whether ChatGPT applications could pass a SOC-1 audit, a crucial certification for control over financial reporting, remains to be seen. Companies like Google and Amazon are investing heavily in AI R&D to customize models for their needs.

Accounting

Planful

JULY 27, 2016

Are you wondering how best to make the business case to your company for investing in a cloud-based planning or reporting solution? Reducing Reliance on Spreadsheets for Budgeting, Planning, and Reporting. Limited reporting and analysis capabilities, and too much manual effort. Not being compliant with US GAAP or IFRS.

Financial Planning and Analysis (FP&A)

Planful

JUNE 22, 2017

Consolidating the data following specific financial accounting rules and guidelines, such as U.S. GAAP or International Financial Reporting Standards (IFRS). Reporting results to internal and external stakeholders. Financial accounting rules generally define a controlling stake as between 20% and 50% of a company.

Accounting

Cube Software

MAY 10, 2023

The balance sheet, also known as the “Statement of Financial Position,” presents a snapshot of a business's assets, liabilities, and equity. It helps companies assess their progress, manage risks, and make informed investment decisions. It includes items such as taxes, investments, and income sources.

GAAP

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 it’s a very different purpose financial reporting, versus liquidity management.

Financial Planning and Analysis (FP&A)

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. Get the free guide!

Nonprofit

CFO Talks

OCTOBER 1, 2024

South Africa’s lag in investing in intangible assets compared to advanced economies. Challenges with Intangible Asset Investments: Limited investment in intellectual property, data, and patents in South Africa. The importance of a thriving tech sector, with data-driven businesses and investments in disruptive technologies.

Leverage

The Finance Weekly

APRIL 6, 2024

Understanding the Net Book Value (NBV) of a company's assets is critical for knowing its financial health and potential for future growth. This accounting principle offers an insightful perspective into a business's worth , underlining the importance of financial reporting in today's market dynamics.

Accounting Principles

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

CFO Leadership

OCTOBER 18, 2023

For instance, could financial statements generated by ChatGPT withstand audit scrutiny? Whether ChatGPT applications could pass a SOC-1 audit, a crucial certification for control over financial reporting, remains to be seen. Companies like Google and Amazon are investing heavily in AI R&D to customize models for their needs.

Accounting

Michigan CFO

MARCH 21, 2023

Having accurate and timely financial reports prepared before listing your business for sale is a sensible way to alleviate potential headaches once a deal closes. Financial consultants specializing in business sales can help prepare your financial records to maximize goodwill asset value. Invest in your employees.

Valuation

Musings on Markets

JULY 14, 2021

Almost in parallel, accounting as a profession found its footing and worked on creating rules that would apply to reporting, at least at publicly traded companies, with GAAP (Generally Accepted Accounting Principles) making its appearance in 1933.

GAAP

BlueLight

JULY 30, 2020

The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting. Second is financial planning: how things will develop in the future.

CFO

Onplan

NOVEMBER 30, 2022

Key features — The top features each platform is known for or has invested in. Adaptive is one option companies use for modeling, budgeting, forecasting, and financial reporting. In addition to offering financial and sales planning solutions, Workday Adaptive also caters to workforce and operational planning needs.

Financial Planning and Analysis (FP&A)

Bramasol

APRIL 7, 2025

Here's a brief overview of the key challenges telcos need to manage: Building Out Infrastructure: Cost and Complexity: Constructing and maintaining telecom infrastructure, including fiber optics, towers, and 5G/6G networks, requires significant capital investment and expertise. to other providers, as well as leasing infrastructure from them.

SAP