article thumbnail

What is Amortization of Intangible assets?

CFO Share

Similar to depreciation, amortization has different treatment for taxes versus GAAP financial statements. For small business owners, the key takeaway is that while amortization of intangible assets is part of accounting compliance, it shouldn’t be a priority in your strategic planning or financial decision-making.

GAAP 52
article thumbnail

Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

Familiarity with Generally Accepted Accounting Principles (GAAP) is essential. Implementing accurate financial projections enables you to anticipate future revenues, expenses, and cash flow, thus facilitating informed decision-making and strategic planning.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Highest Paid CFOs in the World in 2024

The Finance Weekly

The CFO plays a key role in ensuring these statements are accurate and in line with standard accounting principles (GAAP). Of course, finance chiefs must ensure timely data for decisions, but success stems from strategic planning and collaboration across the business.

CFO 97
article thumbnail

The Ins and Outs of Budgeting and Planning Drivers

Centage

With driver-based planning, companies identify a set of factors that influence their success and model that data to better understand its impact. Managers can then run scenarios with the drivers to improve long-term strategic planning. Try Planning Maestro today and experience the difference that better budgeting can make.

Budgeting 105
article thumbnail

Nonprofit Accounting Services: The Right Solution

The Charity CFO

As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit. A solid picture of finances helps with strategic planning, identifying new fundraising opportunities, and evaluating program effectiveness. Utilize cutting-edge technology.

article thumbnail

Breaking Down the FP&A Function of the CFO Suite

BlueLight

The CFO is focused on company-level strategic planning and building a relationship with investors. The Controller is responsible for generating the three main financial statements and ensuring these statements comply with GAAP and other regulatory requirements. The CFO takes on the responsibility of FP&A.

article thumbnail

Bottomline Technologies Beats The Street With Q2

PYMNTS

Last year, the company posted a GAAP net loss of $10.3 We continue to execute against our strategic plan and deliver strong results,” the company’s President and CEO Rob Eberle said in a statement. That marks a 14 percent increase compared to the same quarter a year prior, Bottomline said. Overall, revenues for Q2 hit $95.2