Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies 52

Currencies Accounting Risk Management Compliance 52

CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

Finance 95

Finance Accounting Auditing IFRS 95

CFO Selections

JANUARY 30, 2024

What would we do without our accountants? For non-accountants, the discipline can be a mystery. So, we try to find a good accountant to add to our team and then we trust them to do their job. You shouldn’t trust your accountant. That’s what we should do, right? Actually, no.

Accounting 52

Accounting Risk Management 52

PYMNTS

JUNE 1, 2020

We have made — and continue to make — transformative changes to our risk management structure and practices, including important work to provide greater oversight of all risk-taking activities and a more comprehensive view of risk across the company,” he said, according to the press release.

Risk Management 52

Risk Management Banking Investments Accounting 52

Beacon CFO Plus

NOVEMBER 30, 2023

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

Reval

MAY 17, 2017

Want to know what your peers are reading on treasury and risk management ? Case Study: How Jaguar Land Rover Improved FX Risk Management. Case Study: How Jaguar Land Rover Improved FX Risk Management. Case Study: How Scenic Gained Visibility into Cash and Risk Positions. Read the Case Study.

Risk Management 52

Risk Management Treasury Manufacturing Compliance 52

PYMNTS

MARCH 26, 2018

Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes and announced internally that four top risk management executives would be retiring. All are retiring in April, May or June.

Risk Management 40

Risk Management Compliance Currencies Banking 40

Future CFO

MARCH 1, 2022

Management accountants can be instrumental in collaborating across their organisations on a decarbonisation strategy, according to a statement of management (SMA) released by the Institute of Management Accountants recently.

Accounting 52

Accounting Leadership Risk Management Finance 52

PYMNTS

APRIL 22, 2020

It generally allows businesses to keep their scorecards clean and do away with unnecessary risk. Argos boasts a surveillance program, AR Surveillance, which takes over 10,000 data points into account and provides a risk score for companies’ third-party relationships.

Risk Management 56

Risk Management Risk Analysis Prioritization Leadership 56

Strategic Treasurer

MARCH 20, 2023

Bank Fee Management Webinar Series: Bank Account Management and Structures May 16 and 17 Register Now Dates / Times Tuesday, May 16, 2023 11:00 AM – 11:30 AM EDT Wednesday, May 17, 2023 2:00 PM – 2:30 PM EDT Where This is an online event Speakers Jason Campbell, Strategic Treasurer Craig Jeffery, Strategic Treasurer Hosted By 0.6

Accounting 52

Accounting Banking Risk Management Cash Management 52

CFO Simplified

DECEMBER 12, 2021

The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category.

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

Boston Startup CFO

APRIL 3, 2023

Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. Fortunately, we present you with a compass – a diagram that demystifies the functions of financial accounting. In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions.

Accounting 52

Accounting Accounting Principles GAAP Startups 52

Bramasol

MARCH 24, 2022

This important issue was previously explored last year in Are You Ready for "Carbon Accounting" Compliance? A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? Climate-related risks and their actual or likely material impacts on the registrant’s business, strategy, and outlook; ?

Accounting 80

Accounting SAP Analyzing Data IFRS 80

The Finance Weekly

DECEMBER 9, 2021

Scenario planning is a method of strategic financial planning that enables finance leaders to mitigate risk and prepare for volatility. This method accounts for inherent future uncertainties by quantifying the financial and operational implications of change, and analyzing a range of possible outcomes.

Risk Management 52

Risk Management Planning Construction Leadership 52

Bramasol

JUNE 10, 2022

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger.

Accounting Principles 84

Accounting Principles IFRS SAP Accounting 84

CFO Leadership

OCTOBER 18, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

Finance 52

Finance Accounting Auditing IFRS 52

PYMNTS

JUNE 26, 2020

Mastercard and Visa are considering ending their agreements with Wirecard to process payments on their networks as the German financial technology company’s accounting scandal unravels, Bloomberg reported. Wirecard Founder and CEO Markus Braun was arrested earlier this week on charges of manipulating the market and misrepresenting accounts.

Accounting 101

Accounting Risk Management Startups Banking 101

PWC UK

JULY 21, 2021

Whichever of the approaches is taken, accounting for the variety of carbon and emissions schemes as well as for voluntary offsets is complex - there is a lack of specific guidance, and practice varies. by Tom Bullock Senior Manager. Reporting - Have you considered the reporting implications of the new activities?

Risk Management 52

Risk Management Transportation Valuation Marketing 52

Navigator SAP

JULY 13, 2022

An enterprise resource planning (ERP) system is a solution geared toward simplifying business processes, increasing efficiencies and integrating all operations including manufacturing, inventory, accounting and risk management. ERPs make it easy to track the progress of all business activities from a centralized location.

eCommerce 130

eCommerce Risk Management Manufacturing Accounting 130

Future CFO

APRIL 26, 2023

The talent challenge is now becoming a table stake for all leaders, with 55% of respondents to the same PwC Pulse Survey acknowledging this as a serious business risk, 78% that plan to enhance their cyber risk management, and 42% who want to see accountability for climate change governance being assigned to a person-in-charge.

CFO 98

CFO Financial Planning and Analysis (FP&A) Risk Management Budgeting 98

Reval

MARCH 7, 2017

IFRS 9 is changing hedge accounting forever. Under IAS 39, many hedges that did not qualify for hedge accounting may qualify now. For example, a company hedged aluminum to mitigate the risk associated with aluminum can purchases. Finance professionals had to hedge for all risks, rather than for just the aluminum component.

IFRS 52

IFRS Accounting Risk Management Treasury 52

Barry Ritholtz

MAY 29, 2024

But really, if you’ve got these people together, there’s an accountability among them that you’re less likely to have that missing element along the way, like the donor advice fund we were talking about earlier. Barry Ritholtz : It sounds like you’re trying to mitigate unexpected risks.

Risk Management 112

Risk Management Investments Planning Finance 112

Future CFO

APRIL 15, 2024

launched its generative artificial intelligence -powered Journals Risk Analyser, empowering finance and accounting leaders with anomaly detection. The new technological advancement paves way for powerful insights and trends to help out finance professionals to streamline audits and boost risk management and compliance.

Finance 52

Finance Auditing Compliance Risk Management 52

Planful

OCTOBER 25, 2016

Another panelist highlighted their investment in inventory, as well as managing growth in the business. How do you balance the core responsibilities of Finance with risk management? Making timely, relevant, and accurate data available across the business is critical to effective decision-making and risk management.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

The Charity CFO

APRIL 15, 2022

During the “Great Recession,” nonprofits have lost their accountants and financial directors at record rates. And they’re tired of the hamster wheel of hiring, re-hiring, training, and re-training bookkeepers and accountants. So why do accountants leave nonprofit organizations? Why Do Nonprofit Accountants Quit?

Nonprofit 52

Nonprofit Accounting CFO Problem Solving 52

Future CFO

MAY 29, 2024

The Association of Chartered Certified Accountants (ACCA) released a guide for the preparation of sustainability report that helps all involved, especially professional accountants, paving way for better business.

Finance 52

Finance IFRS Risk Management Accounting 52

Future CFO

MAY 5, 2024

Boardroom leadership, including chief financial officers, needs to manage artificial intelligence risks to drive trust, according to the Association of Chartered Certified Accountants. It’s about bringing change management and governance together." says Alistair Brisbourne , head of technology research at ACCA.

Risk Management 52

Risk Management Leadership Auditing Finance 52

Future CFO

AUGUST 1, 2023

According to IDC's 2023 Future SMB and Midmarket Survey , 50% of surveyed respondents (driven by SMBs) in Asia/Pacific state that they will automate their financial and accounting processes through cloud applications in the next 18 months. "As

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

Future CFO

SEPTEMBER 21, 2020

Accounting is the language of business. He acknowledged having taken “a lot of” accounting courses over the years and understanding the language has rewarded him well financially. As he puts it rightly, accountants must elevate their roles to that of strategic partners. Because it is expected of them.

Accounting 52

Accounting Technology Mergers and Acquisitions (M&A) Leadership 52

CFO Selections

MAY 22, 2024

As CFOs, we have a full plate of responsibilities for financial reporting, planning and analysis, and risk management. We’re often skeptical of “breakthroughs” that promise to “transform the finance function” and “shift the paradigm of accounting and finance.”

CFO 52

CFO Management Consulting Risk Management Finance 52

Future CFO

DECEMBER 21, 2023

Building an effective risk culture and alignment to organisational objectives is a critical step on risk management, which can impact the company as a whole. Understanding and managing the risks the organisation faces is therefore crucial to delivering effective services.

Risk Management 52

Risk Management Education Communication Finance 52

Future CFO

SEPTEMBER 14, 2020

Like many office occupations, accounting is one of those that is heavy into paper, heavy into people, and very heavy into hours of work in the office. Dr Josh Heniro, Institute of Management Accountants. To be clear, accounting didn’t wait for COVID-19 to initiate change. Before to COVID-19, how was accounting performed?

Accounting 40

Accounting Leadership Finance Profit and Loss 40

PYMNTS

APRIL 9, 2020

And while he’s heard anecdotal accounts, thus far he has yet to directly encounter a bank that has done the paying or an SMB that has received funds. His bank has gotten nearly through the application process with a few of their SMB customers, he noted, but they’ve not released any funds yet. Second: Eliminate The Capital Crunch .

Banking 114

Banking Accounting Risk Management Communication 114

PYMNTS

SEPTEMBER 20, 2018

Invoices submitted for financing by freight factoring firms account for more than one third of all invoices processed for funding, the IFA said. It’s another example of trucking and logistics regulation affecting accounts receivable and payable operations in the sector.

Accounting 63

Accounting Invoicing Accounts Payable Transportation 63

CFO Talks

OCTOBER 25, 2023

The journey from a Chartered Accountant (CA) to a Chief Financial Officer (CFO) is a transformative one, requiring a shift from technical expertise to strategic leadership. It identifies 34 competencies structured within the four general roles of a CFO: Steward This role focuses on accounting, control, risk management, and asset preservation.

CFO 52

CFO Leadership Risk Management Strategic Planning 52

Future CFO

NOVEMBER 20, 2019

Have you ever considered a career in non-traditional accounting? According to a career survey by the Hong Kong Institute of Certified Public Accountants , 36% of member respondents are undertaking roles in non-traditional accounting functions and employers are experiencing difficulties in retaining and recruiting such talents.

Accounting 40

Accounting Problem Solving Auditing Corporate Finance 40

PYMNTS

APRIL 26, 2017

If the payment is made to an account that has infiltrated the client system, it is challenging to detect, especially if you are an organization who makes thousands of payments per day to hundreds of suppliers around the world. Kyriba is developing a bank account validation solution that will solve this problem.

Risk Management 40

Risk Management Treasury Auditing Securities 40