Thu.Oct 14, 2021

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Why It’s Time for Finance to change

Jedox Finance

Ask finance and accounting professionals if they would like to do more value adding work and you’ll hear a re-sounding “YES!” Ask them why they are not just doing it already and most often you will hear “I don’t have time”. This is like a chronic disease of the finance function but unlike most chronical diseases this one has a cure! To change the mindset of CFOs and their finance function from “a cost center to becoming a profit driver” as we discussed in a previous article, “Exploring the minds

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What is Financial Reporting?

Centage

Financial reporting is a critical task for any organization. Understanding where your actual financials stand in relation to budgets and projections is important to keeping your business on track and in helping to create new projections and budgets. For most organizations there are four key financial statements that present a complete picture of the financial condition and results of a business: Balance sheet : Lays out the ending balances in a company’s asset, liability, and equity accou

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How Do I Recover from Business Financial Fraud?

CFO Share

Small business fraud is an unfortunately common occurrence. In fact, more fraud occurs in small businesses than in large corporations due to the lack of controls and oversight. If you have detected signs of fraud or identified a fraudster, you are halfway through the journey towards recovering from fraud. What are the signs of business financial fraud?

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Global economy to grow 5.9% in 2021, recovery momentum weakens

Future CFO

The global economy is projected to grow 5.9% in 2021 and 4.9% in 2022, 0.1 percentage point lower for 2021 than in the July forecast, said IMF recently. . The downward revision for 2021 reflects a downgrade for advanced economies — in part due to supply disruptions — and for low-income developing countries, largely due to worsening pandemic dynamics, the organisation noted. .

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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ION Treasury’s City Financials solution goes live at Trivium Packaging B.V.

ION Group

City Financials, a cloud-based system, supports Trivium Packaging’s treasury, risk management, and commodities hedging AMSTERDAM – 14 October 2021: ION. The post ION Treasury’s City Financials solution goes live at Trivium Packaging B.V. appeared first on ION.