article thumbnail

How to Comply with Accounting Standards for Nonprofits

The Charity CFO

Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Their mission is usually anchored on a cause or social purpose, not on the generation of profits. NPOs must adhere to these accounting policies to remain compliant with the law and maintain their tax-exempt status.

article thumbnail

The 5 Best Financial Reporting Software to Enhance the Productivity of CFO

Spreadym

Compliance: Adherence to accounting standards and regulations, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Security: Robust security measures to protect sensitive financial data and prevent unauthorized access.

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

Creating a sustainable future with ESG and finance

Jedox Finance

5 Other sustainability reporting initiatives in development include those of the International Sustainability Standards Board (ISSB), developed by the International Financial Reporting Standards (IFRS) Foundation. For example, incorporating renewable energy sources can influence an organization’s energy costs, affecting P&L figures.

article thumbnail

Looking Ahead at Five Key Trends to Watch in 2022

Bramasol

However, as DSE moves into the next phase, it will be increasingly important for companies to refine and optimize their end-to-end DSE processes in order to maintain profitability and competitiveness. Cyber-security will be critical with more challenges driving the need for a comprehensive security mind-set and integrated solutions.

SAP 52