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How Complex Are Your Business Finances?

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In that case, you may be looking for more powerful real-time accounting solutions to provide you with a better view of your entire operation and help with things like taxation, HR, multiple currencies, and more. GAAP, IFRS, and cash base side by side for better visibility. Ability to implement user-access controls.

Finance 104
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IBM Cognos Controller: Financial close management managed by the office of finance

Future CFO

DOWNLOAD NOW. The post IBM Cognos Controller: Financial close management managed by the office of finance appeared first on FutureCFO.

Finance 52
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California CPAs Call For Crypto Accounting Clarity

PYMNTS

Reports in The Block Crypto late last week said a group of California CPAs has sent a letter to the Financial Accounting Standards Board, a federal board that sets Generally Accepted Accounting Principles (GAAP), requesting that it consider establishing a task force to address a lack of clarity in cryptocurrency accounting standards.

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Relieving the Pain of Year-End Close and Reporting

Planful

Then we would key the numbers into a spreadsheet and perform the currency translations there. (I The financial close is an iterative process that typically requires many steps: Collecting financial results from multiple systems, divisions, subsidiaries – often with different charts of accounts, currencies, and business practices.

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

Planful

These results then require consolidation following US GAAP or IFRS guidelines. If the business operates in different geographies there will be the additional complexity of multiple currency conversions, intercompany reconciliations and accurate accounting of minority interests.

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Data Update 1 for 2021: A (Data) Look Back at a Most Forgettable Year (2020)!

Musings on Markets

First, all value numbers (like market capitalization, debt or revenues) that I aggregate or average will be converted into US dollars to ensure currency consistency. First, all value numbers (like market capitalization, debt or revenues) that I aggregate or average will be converted into US dollars to ensure currency consistency.

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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. This includes dealing with the following issues: Currency translation. Multi-GAAP reporting (i.e., US GAAP, Canadian GAAP, IFRS, etc.).

GAAP 40