Category: Financial Statements

The woman beside me and I were reviewing the financial planning report and looking at the travel expenses entered in their General Ledger (GL) and in my report. They didn’t match. My financial planning report was in a different format

How much time do YOU spend doing financial reporting?  For many organizations, the simple answer is “too much”.  As a consultant, much of my time is spent helping companies with their financial reporting system for: Results analysis and forecasting by management, Oversight by

Whether you’re preparing a report for your Executive Director, your Board of Directors, or a funder – status reports are critical. They show your stakeholders that: You are in control of current situations, You are organized, You are accountable for

When an accountant or Treasurer finishes their report, are you left with the question, “Was that good or bad news?”  In its quest for precision and accuracy, the language of accountants can start to sound like jargon to the untrained

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How much time is spent preparing financial reports?  For many organizations, the simple answer is “a lot”.  As a consultant, much of my time is spent helping companies with financial reporting systems for: Results analysis and forecasting by management, Oversight

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“People don’t show in financial statements.”  The old Treasurer looked at the assembled charity Board.  “You see a building and salaries, but not the people.  When I address you every year, I usually talk about the leaky roof or the

In today’s Globe and Mail newspaper, a CEO of a major insurance company (Don Guloien – Manulife) and the Dean of a Business school (Roger Martin – Rotman) unite to challenge an accounting rule.  They say that Mark-To-Market is causing

From my earlier post, you know that Manually Entered SpreadSheets (“M.E.S.S.”) are my nemesis. Not only are they time consuming to create and maintain, but they are also difficult to audit. As anyone who has been through a Sarbanes-Oxley (Bill

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Signs your GL needs re-energizing: You have accounts with the letter A after them, e.g. 1200A (There was no room at the inn!), In order to prepare certain reports, someone has to analyze transactions in an account line by line

In a restaurant, good food is what’s important to me. I don’t care what the place looks like or how the food’s arranged on the plate as long as it is a quality meal. My wife, on the other hand,

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