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What financial reporting execs want in terms of technology

Future CFO

Although new time-saving cloud-based financial reporting platforms were a relatively low priority for organisations pre-pandemic, interest in agility and the potential continuation of remote working — including the control and oversight process —are bringing about renewed consideration of these systems, the institute noted.

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Pulling Back The Curtain On Corporate Finance Reports

PYMNTS

“We found the results to be consistent with the argument that managers can successfully hide adverse information by writing complex financial reports, which leads to stock price crashes when the hidden bad news accumulates and reaches a tipping point,” he said, according to Phys.org reports last week. In the U.K.,

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UK Financial Reporting Group Says Blockchain Too Immature For Adoption

PYMNTS

Financial Reporting Council’s Financial Reporting Lab has released a new report on the potential applications of blockchain in the corporate accounting space. According to reports, the group is taking a cautious approach to the technology.

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CFOs, Buried In Data, Struggle With Financial Reports

PYMNTS

CFOs are struggling to keep up with how quickly the requirements for financial reporting are changing, researchers have found. EY researchers released new data this week that concluded CFOs and financial controllers are struggling to keep up with the pace of change when it comes to corporate reporting standards and demands.

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Head Of UK’s Financial Reporting Council Quits Amid Scrutiny

PYMNTS

s Financial Reporting Council is reportedly stepping down from the position amid continued scrutiny that the FRC lacks effectiveness to prevent corporate accounting scandals and industry failures. Reports in Reuters on Friday (Nov. The head of the U.K.’s Sir John Kingman, a civil servant asked by U.K.

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Accounting Expertise In C-Suite Can Compromise Financial Reports

PYMNTS

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports.

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Where Can FP&A Career Path Take You?

Fpanda Club

FP&A directors can often boast of a considerable track record in financial planning and analysis, also they understand very well the finance function in general and the business model of the company, which leads them to the next step of their careers as Chief financial officer (CFO).