PYMNTS

SEPTEMBER 24, 2018

While the number of mistakes has declined every year since 2006, during the first six months of 2018, 65 companies found accounting mistakes that required them to restate and refile entire financial filings, compared with 60 companies for the same period last year. tax law and revenue accounting rules.

Numbers 68

Numbers Accounting Accounting Principles Corporate Finance 68

PYMNTS

OCTOBER 29, 2018

Amid the flurry of B2B FinTech innovation aiming to transform organizations’ back offices, there is often one common threat within the disruption: the need for previously siloed, disconnected systems and processes to integrate with each other, offering a streamlined, holistic view of the enterprise.

CFO 58

CFO Corporate Finance Finance Risk Management 58

PYMNTS

OCTOBER 9, 2018

For companies, the changes will disrupt their financial reporting in a big way when the requirements come into effect. . “Private companies are starting to realize it’s not business as usual,” said Deloitte Private Enterprises Managing Partner Mark Davis in an interview with Accounting Today last week.

Accounting Standards 61

Accounting Standards Accounting Banking Corporate Finance 61

PYMNTS

DECEMBER 7, 2018

food commercial director, were accused by the SFO of manipulating financial reports to overstate profits. Both have denied the charges, which included allegations that they were aware of internal efforts to make it appear as if Tesco had been more financially healthy than it actually was. .”

Accounting 43

Accounting Corporate Finance Financial Reporting Finance 43

PYMNTS

JANUARY 9, 2019

“The healthy economy brings a need for companies to know where their business is thriving financially (or not), to help make decisions for the future.”. “Margins slipping 2 percent will result in one month less of runway,” he offered as an example.

Accounting 71

Accounting Corporate Finance Accounting Firms Auditing 71

PYMNTS

OCTOBER 11, 2018

It’s a key metric for lenders when establishing loan covenants to mitigate default risk, and could limit borrowing powers even for a company whose financials have not changed, The changes take effect next year. Reports also said that there may be no financial benefit to the changes.

Accounting 49

Accounting Accounting Standards Financial Reporting CFO 49

PYMNTS

AUGUST 21, 2018

auditing giant KPMG was hit with yet another fine from the nation’s Financial Reporting Council (FRC). Reports in Bloomberg said KPMG was hit with $2.7 million in fines for its audits of Ted Baker in 2013 and 2014 after the company admitted misconduct to the FRC.

Auditing 40

Auditing Financial Reporting Accounting Finance 40

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JUNE 11, 2020

. “[Corporates] are not only looking at compliance, but how to forecast the cost of [the] coronavirus, how to deal with the different impacts on audits, what needs to be audited, and what will be the impact of financial reporting that a corporation needs to put out,” noted Hampton.

Economics 77

Economics Accounting Auditing Forecasting 77

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SEPTEMBER 17, 2020

For finance professionals, this could be anything from the time-consuming workflow of printing and cutting paper checks to keeping piles of financial reports on the desk. Organizations have long struggled with a "paper deluge."

Accounts Payable 63

Accounts Payable Compliance Invoicing Finance 63

PYMNTS

DECEMBER 20, 2018

Nordic financial services firm Nordea is introducing a new solution to provide corporates with a streamlined financial reporting solution powered by Open Banking.

Banking 57

Banking Cash Management Financial Data Financial Reporting 57

PYMNTS

NOVEMBER 13, 2018

The industry is already being investigated by the Competition and Markets Authority, which has fast-tracked its probe, reports said. A separate review spearheaded by John Kingman is examining the Financial Reporting Council and its ability to tackle issues of accounting scandals and a lack of competition in the auditing sphere.

Auditing 49

Auditing Marketing Construction Accounting Firms 49

PYMNTS

NOVEMBER 12, 2018

Chief financial officers (CFOs) often have a love-hate relationship with their enterprise resource planning (ERP) systems. They’re a staple of corporate finance and, as of recent years, are accelerating their shift into the cloud. “It’s a love-hate relationship with Excel,” said Lipps.

Corporate Finance 54

Corporate Finance CFO Finance Forecasting 54

PYMNTS

FEBRUARY 5, 2018

.” Increasingly, MSPs are tasked with handling more financial data as well, from sources like invoices and payments of their customers. That, too, is a challenge for any business: EY research published in 2015 found that the biggest financial reporting challenges for CFOs is a lack of integration between IT systems.

Finance 43

Finance Financial Data Invoicing Communication 43

PYMNTS

APRIL 19, 2017

B2B software-as-a-service (SaaS) firm Workiva released new data this week that highlights financial executives’ struggle to forecast. For instance, Workiva found, 41 percent of financial professionals said manual data entry takes the longest time for employees when it comes to non-value activity.

Forecasting 40

Forecasting Budgeting Corporate Finance B2B 40

PYMNTS

MARCH 16, 2016

“We are pleased to be the first to use this new platform jointly developed by Deutsche Bank and Bank of China,” said Bosch Head of Corporate Finance and Regional Treasury for APAC Christian Zeidler in a statement. Deutsche Bank has been operating across Asia for 30 years, according to reports.

Cash Management 40

Cash Management Banking Treasury Corporate Finance 40