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How Can I Choose Management Software That’s Right for My Church?

Strategy Driven

They produce the GAAP principles which state how non-profits should have a fund accounting system in place. You can track individual members’ attendance, for example. Keeping records of donations, contributions, and other financial records is a must for any company. But it’s a legal requirement for non-profit organizations.

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Giving Executives 40% of Revenue is Insane

Curious Cat

When you read about non-GAAP earnings, often one of the big costs they are excluding is the massive stock giveaways to executives. Apple is a good example of huge buybacks while also have massive stock giveaways to executives, though Apple is actually buying back even more than they give away to executives, which is often not the case.

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When Tracking Projects, Ignore Your Accountants

Harvard Business Review

They're just following what's known as Generally Accepted Accounting Principles, or GAAP. But GAAP is exactly where the trouble lies. Here's an example that shows why. According to GAAP we are now 50% complete, because we have spent 50% of our budget. That's why we don't use GAAP to run our projects.

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When Tracking Projects, Ignore Your Accountants

Harvard Business Review

They're just following what's known as Generally Accepted Accounting Principles, or GAAP. But GAAP is exactly where the trouble lies. Here's an example that shows why. According to GAAP we are now 50% complete, because we have spent 50% of our budget. That's why we don't use GAAP to run our projects.

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A Blueprint for Digital Companies’ Financial Reporting

Harvard Business Review

This example illustrates that investors consider information beyond just earnings as value-relevant. For example, ostensibly, Facebook’s customers are its daily users (call them “asset units” for argument’s sake). For example, Twitter provides “cost per ad engagement.” What caused this slump?

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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

For example, the legacy part of the organization is subject to tight fiscal discipline while the VC arm is given pots of money to bet on new ideas. Analysts increasingly rely on non-GAAP metrics. Both strategies, however, create cultural incompatibility within the organization.

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On Creative Accounting: Two Creativity Myths

Harvard Business Review

For example, most in the art world agreed that sculptor Janet Echelman's "Water Sky Garden," created for the speed-skating site at the 2010 Vancouver Winter Olympics, was decidedly different. As long as the new ideas cohere with ethical standards, and generally accepted accounting principles ( GAAP ), they can yield immense benefits.