The Advantages of a Rolling Forecast
For years, organizations have relied on creating annual budgets to plan for the upcoming fiscal year. Today, many organizations with annual budgets are feeling their ability to react to changes in the marketplace is restricted. While annual budgets...
What Can Nonprofit Managers Learn from the For-Profit World?
Should nonprofit organizations think and act like successful for-profit businesses? How does an entrepreneurial mindset help nonprofit organizations grow, innovate, and fulfill their mission? Profiles of two higher education institutions reveal the...
Guest Article: Organizational Assessment
After a 360-Degree Assessment, a 180-Degree Turnaround
When a company consistently fails to deliver good results, management will try to identify the problem or problems and fix them. But what happens if the problems identified are fixed but the...
Losing a Person Checklist
The Situation: You’re the CEO or CFO of an organization and one of your key finance employees gives their notice. Among the other priorities you were currently working on, now you have to find out how to cover this individuals’ work in the interim...
What’s Next for Private Company GAAP?
While the US is set to decide by year-end whether they will join other countries in adopting IFRS, there is another accounting debate that could fundamentally change reporting standards in the United States. Generally Accepted Accounting Principles...
Upcoming Reporting Deadlines: October 2011
While many organizations focus on preparing for the yearend audit, they should also keep in mind important deadlines, such as filing annual state and federal forms. Keep the following reporting deadlines in mind.
November 1
Mass. Annual...