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Sector-specific accountants are in charge of ensuring that financial records correctly reflect the economic activity of their sector. It enables businesses to make informed decisions, evaluate what are functional expenses a guide to nonprofit accounting performance, comply with industry regulations, and effectively communicate with stakeholders. By following industry-specific accounting standards…...

Sector-specific accountants are in charge of ensuring that financial records correctly reflect the economic activity of their sector. It enables businesses to make informed decisions, evaluate what are functional expenses a guide to nonprofit accounting performance, comply with industry regulations, and effectively communicate with stakeholders. By following industry-specific accounting standards…...

AI-based anomaly detection models can also be trained to identify transactions that could indicate fraud. AI systems in this case are continuously learning, and over time can reduce the instances of false positives as the algorithm is refined by learning which anomalies were fraudulent transactions and which weren’t. GenAI can…...

Smart, growing churches will save unspent dollars to strengthen their capital improvement capacity in the years to come. In other words, in our example above they would take the additional 10% (50%-40%) and either pay down on their mortgage, save or do a combination of both. Some churches take a…...