Bramasol

JULY 31, 2023

For leasing, this means International Accounting Standards Board’s (IASB’s) IFRS 16 and US GAAP Financial Accounting Standards Board’s (FASB’s) ASC 842. In addition, global companies need the flexibility to comply and report according to multiple accounting standards. For revenue recognition, they also must comply with ASC 606 and IFRS 15.

Accounting 75

Accounting SAP GAAP IFRS 75

Cube Software

MAY 11, 2023

Think of pro forma statements as a monetary crystal ball, a guiding financial forecast. The Securities and Exchange Commission (SEC) requires that discrepancies between pro forma and GAAP-compliant financial reports be explained when released to the public. A pro forma invoice is not a type of pro forma financial statement.

GAAP 40

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles 40

Onplan

DECEMBER 16, 2021

Billings are what you invoice your customers. In the case of the example 3-year contract above, your billings are the annual amount you invoiced the customer—$10,000 each year. Of course, you can’t pay salaries with customer invoices either—it’s important to make sure you’re collecting your accounts receivables expeditiously.

GAAP 59

GAAP Invoicing Forecasting Financial Systems 59

Onplan

DECEMBER 16, 2021

Billings are what you invoice your customers. In the case of the example 3-year contract above, your billings are the annual amount you invoiced the customer—$10,000 each year. Of course, you can’t pay salaries with customer invoices either—it’s important to make sure you’re collecting your accounts receivables expeditiously.

GAAP 52

GAAP Invoicing Forecasting Financial Systems 52

Strategic Treasurer

MARCH 6, 2023

I think those are those are key aspects because forecasting has to account for bank geography specific activity, forecasting your cash and it looks very different if you’re doing it from an FP&A perspective. 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

BlueLight

MAY 1, 2020

The Controller is responsible for generating the three main financial statements and ensuring these statements comply with GAAP and other regulatory requirements. The FP&A function helps all groups within the company make better decisions by taking historical data, forecasting future performance, and running sensitivity analyses.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Strategic Planning Startups 52

BlueLight

JULY 30, 2020

Billing and invoicing software: Bill.com ?—?Cloud-based For example, QuickBooks is known for its accounting capability but it also offers limited functionality for generating quotes and invoicing. GAAP Revenue Recognition Rules Effective December 2018, FASB changed the guidelines to recognizing revenue under ASC 606.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52