article thumbnail

Number Of Corporate Accounting Errors Unexpectedly Climbs

PYMNTS

A research firm has discovered that the number of material accounting mistakes made by U.S. listed companies since 2005, finding firms that had to reissue their financials due to errors. For many, the mistakes were discovered when corporate finance teams were changing accounting paperwork to comply with the new U.S.

Numbers 68
article thumbnail

Pulling Back The Curtain On Corporate Finance Reports

PYMNTS

While these narratives are important for firms to explain complex ideas that may not be entirely understood solely through accounting numbers, Wang noted they can promote a lack of transparency, too. ” Meanwhile, previous research from Audit Analytics has also revealed that the number of accounting errors among the U.S.’s

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

article thumbnail

Where Can FP&A Career Path Take You?

Fpanda Club

Another important aspect to consider within the discussed topic is how exactly FP&A is different from other finance disciplines, namely accounting, corporate finance and financial control. All this makes financial controllers obvious candidates for communicating with external auditors and managing the audit process.

article thumbnail

How Real-Time Data Recharges The Monthly Financial Close

PYMNTS

Financial technology innovation has opened the doors to massive transformation of corporate finance departments. While flashy corporate FinTech is exciting, innovation efforts have rarely focused on a mainstay of corporate finance teams: the financial close process, a crucial, but continually outdated function.

article thumbnail

12 Best Paying Jobs in Finance in 2023

CFO News Room

Out of all the finance jobs available to college graduates, financial managers are some of the highest-paying, with high demand for workers in this field. Bureau of Labor Statistics, employment numbers for Financial Managers are expected to rise by 17% over the next decade , faster than the average for all occupations.

Finance 130
article thumbnail

How Data Guides A New Era For The ERP

PYMNTS

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. He pointed to financial reporting as one example of this shift.