Remove Accounting Remove Auditing Remove Currencies Remove IFRS
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Relieving the Pain of Year-End Close and Reporting

Planful

When I was a staff accountant back in the mid-1980s, I remember spending many nights and weekends working to close the year-end books. Then we would key the numbers into a spreadsheet and perform the currency translations there. (I Life is so much easier for accounting and Finance staff now with today’s technology.

IFRS 40
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172: Oyinda Akanbi

CFO Talks

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants. That was attractive to me, so I went down that route.

CFO 40
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Want a Smoother Year-End Close? Get it Right Each Month and Quarter

Planful

From the collection and consolidation of financial results, to the creation of year-end financial statements, to audits and regulatory filings – finance teams are often distraught throughout the process. These results then require consolidation following US GAAP or IFRS guidelines. Attend to Reconciliations Early.

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What is the Financial Consolidation Process in the Accounting World?

Planful

Financial Consolidation in the Accounting World. But in the accounting world, “financial consolidation” is a well-defined process that includes several complexities and accounting principles. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g.,

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Moving Financial Consolidation and Reporting to the Cloud – Webinar Recap

Planful

You’re expanding internationally, which often brings new complexities, such as currency conversions and intercompany eliminations across multiple divisions and subsidiaries. You’re preparing for an IPO or external audit, which requires having rock-solid financial statements. US GAAP, Canadian GAAP, IFRS, etc.).

GAAP 40
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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

It also offers convenient multi-currency management. Users report that locked versions change as accounts, level structures, or simple formula calculations change, which can be frustrating for less tech-savvy budget owners. Automated reporting also enforces compliance with GAAP and IFRS standards. Customer success.