Following the publication of the new FRSs by the FRC in November 2012 and March 2013, it has been clear that the reporting landscape will look very different. This article studies the key implications of the changes.
Company: UHY Hacker Young Group | Published: 05 June 2013 | Business Area: Financial Reporting
Most companies need to accelerate their accounting close and evidence suggests that companies are taking longer to complete this process. This paper studies the importance of having an effective consolidation system in place and outlines three key factors that determine the accounting close process.
Company: Tagetik | Published: 08 April 2013 | Business Area: Financial Reporting
Reporting is a vital means of communicating internally and externally between key financiers and other stakeholders of an organisation. The ability to report timely, accurate data is an essential component to operating a successful business and ensuring that corporate objectives are achieved.
Company: Prophix Software | Published: 27 March 2013 | Business Area: Financial Reporting
After several years of publishing a Statement on Internal Control (SIC), moving to a less prescriptive governance statement has been a new challenge for many government organisations. To understand these challenges we have reviewed a large sample of statements.
Company: RSM Tenon | Published: 26 February 2013 | Business Area: Governance
Most businesses realise that accurate planning, budgeting and forecasting is vital for success. But it’s often difficult for companies to execute well in this area and many rely on disjointed methods. This paper looks at the merits of SaaS and its advantages over traditional reporting methods.
Company: Adaptive Planning | Published: 29 January 2013 | Business Area: Budgeting
The financial close process, from period-end to filing, is typically disjointed and frequently involves manual intervention. This process places a burden on staff and communications. This article looks at how firms can collaborate on financial consolidations and reduce risk.
Company: IBM | Published: 29 November 2012 | Business Area: Financial Reporting
The adoption of XBRL as the de facto global reporting standard has ushered in a new era in the delivery of statutory reports and filings. Geared towards FDs and CFOs, this paper looks at how to apply technology to solve the challenges of the ‘Last Mile' of finance.
Company: IBM | Published: 26 November 2012 | Business Area: iXBRL
Organisations typically face a number of challenges dealing with external financial reports related to data, time, audit process and no common system. This article looks at how CFOs can reduce financial reporting risks by reaping the benefits of automation.
Company: IBM | Published: 23 November 2012 | Business Area: Financial Reporting
Despite being so important, the process to create the annual report, the 10-K and the 10-Q is still stuck in the Middle Ages. Merging multiple sources of data from separate staff can be problematic. This paper provides advice on how to improve the annual reporting process and avoid costly mistakes.
Company: IBM | Published: 19 November 2012 | Business Area: iXBRL
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