Remove Finance Remove Financial Reporting Remove GAAP Remove IFRS
article thumbnail

Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Finance 95
article thumbnail

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

Future CFO

Finance organizations regularly face the challenges of meeting strict deadlines and satisfying data quality requirements for closing the books and delivering accurate financial statements. IBM Cognos Controller supports the close, consolidation and reporting process with the agility and affordability of a cloud-based solution.

Finance 52
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

TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Finance 52
article thumbnail

How to Build Shareholder Trust with Reliable Financial Reports

Planful

In an ideal world, financial reports should build shareholder trust by offering accurate data about the performance of the company. In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. at its peak to $0.26

article thumbnail

Financial Reporting – Have You Seen the Light?

Planful

Periodic financial reporting is a great example. Most organizations put a great deal of manual effort into their periodic reporting. They throw finance bodies at the task of requesting, gathering, collating, and organizing the required data. That is, until the offending task pops up again. That’s just one simple example.

article thumbnail

How to Comply with Accounting Standards for Nonprofits

The Charity CFO

In the United States, these Generally Accepted Accounting Principles (or GAAP) are set by the Financial Accounting Standards Board (FASB). First, nonprofits must follow GAAP, the Generally Accepted Accounting Principles. Do You Struggle to Make Sense of Your Financial Statements? 117 (FASB 117). Get the free guide!

article thumbnail

Closing The Books, With An Eye On Process And Automation

PYMNTS

A key part of business life is getting the books closed on time, with clean financial reporting that allows a high-level and granular view of what needs to be done next. This is especially true when multinationals must reconcile data across different accounting standards, such as GAAP and IFRS.

IFRS 74