The Charity CFO

JANUARY 19, 2023

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.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

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. The key challenges in using spreadsheets and email for budgeting and planning: Too much manual work – the process takes too long.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Value-Added Analysis Budgeting 40

PYMNTS

NOVEMBER 28, 2016

The investor, CtW Investment Group, an activist firm that is also union-backed, has requested that the Securities and Exchange Commission investigate the reporting behind T-Mobile’s nonstandard accounting efforts and also how it records and presents info tied to customers who have defaulted on phone installment payment plans.

GAAP 40

GAAP Reconciliations Planning Accounting 40

CFO News Room

NOVEMBER 2, 2022

But by being aware of the varying requirements and filing documents in an accurate and timely manner, new firms can navigate their way through the registration process and (finally) begin offering planning services to clients! Author: Chris Stanley. Guest Contributor. RIA Fee Itemization And Surprise Custody Audits.

Compliance 130

Compliance GAAP Investments Securities 130

Planful

JANUARY 19, 2016

Intercompany reconciliations were a nightmare, with many phone calls to the foreign subs. Consolidating the financial results following US GAAP or IFRS guidelines, including these steps: Performing currency conversions. Managing complex intercompany reconciliations. I think we used Lotus 123.) Enter cloud-based EPM software.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

E78 Partners

SEPTEMBER 21, 2023

Conduct Comprehensive Account Reconciliations Transitioning from a Cash basis to US GAAP accrual basis accounting is essential, providing a more accurate representation of an organization’s financial position. Such a roadmap, by design, ensures that the audit’s execution is both smooth and methodical.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

Planful

FEBRUARY 21, 2017

These results then require consolidation following US GAAP or IFRS guidelines. If the business operates in different geographies there will be the additional complexity of multiple currency conversions, intercompany reconciliations and accurate accounting of minority interests. Attend to Reconciliations Early.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

Planful

AUGUST 1, 2017

If the latter is the case, Planful recently held a webinar focused on how you can automate and accelerate the financial close, consolidation, and reporting process and free up more Finance time for value-added analysis. Intercompany reconciliations. Multi-GAAP reporting (i.e., US GAAP, Canadian GAAP, IFRS, etc.).

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

The Charity CFO

JANUARY 5, 2023

When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). A nonprofit budget is a planning document that helps predict expenses, allocate resources, and monitor ongoing operations throughout the year. Bring GAAP compliance. A Nonprofit Budget. Keep your donors informed.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

The Charity CFO

JULY 19, 2024

They’ll need to provide strategic planning, financial forecasting, and risk management while working with the board of directors. Thus, the nonprofit CFO carries the most significant responsibility out of the three by overseeing the entire financial strategy and management of the nonprofit.

CFO 52

CFO Accounting Nonprofit General Ledger 52

Spreadym

AUGUST 10, 2023

The best financial reporting software solutions , Spreadym : an easy-to-use platform that is widely used for financial planning and analysis. Compliance: Adherence to accounting standards and regulations, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52