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FP&A as foundation for banks' risk management

Future CFO

FP&A functions bring in a lot of value to the banking sector across numerous time horizons simultaneously--even in the highly compliance-focused area of meeting the requirements of important new accounting standards. The post FP&A as foundation for banks' risk management appeared first on FutureCFO.

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How Finance Departments Can Mold Risk Mitigation Into Opportunity

PYMNTS

The enterprise is exposed to financial risks at just about every angle, with expansion across borders and into partnerships with unfamiliar firms upping the ante on both risk and reward. Analysts are urging corporates to enhance their risk management strategies in today’s particularly volatile climate.

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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

How to use AI in Finance & Accounting As we look to the future, the role of AI in finance will likely expand. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. a model could be trained to become an expert in finance and accounting.

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Digital acceleration to drive finance leadership in 2022

Future CFO

Here are the five most important skills identified: A strong understanding of risk management The ability to use new software or technology The ability to communicate complex financial information to different stakeholders A strong understanding of financial best practices The ability to collaborate with colleagues from other functions.

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Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements

Bramasol

The choice of which approach to use depends on a variety of factors such as the number of accounts or ledgers that are needed for managing multiple entities within the overall organization. Other key factors include where the company stands with regard to implementing new accounting standards (ASC 606, IFRS 15, ASC 842, IFRS, 16, etc.)

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Standards for Carbon Accounting are Beginning to Take Shape

Bramasol

A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? Climate-related risks and their actual or likely material impacts on the registrant’s business, strategy, and outlook; ? The registrant’s governance of climate-related risks and relevant risk management processes; ?

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The Relationship Between a Fractional CFO and Your Public Accounting Firm

Beacon CFO Plus

Compliance and Reporting: The public accounting firm is primarily responsible for ensuring compliance with accounting standards, tax regulations, and external reporting requirements. The CFO should work closely with the accounting firm to provide the necessary information for audits and reporting.