This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In todays digital economy, businesses rely heavily on SAP consultants to guide them through complex ERP implementations, streamline processes, and maximize the value of their SAP investments. Here are the seven key attributes that define a top-tier SAP consultant.
Two of the current industry leaders in ERP software are SAP Business ByDesign and Oracle NetSuite. Having said that, we recommend SAP Business ByDesign as the better investment for the vast majority of medium-sized business out there. In contrast, SAP Business ByDesign offers full functionality out of the box.
Since the release of new lease accountingstandards ASC 842 and IFRS 16 in 2018, companies have taken a variety of approaches to comply, but many are now aiming to optimize their lease accounting processes for efficiency and long-term manageability.
SAP Universal Revenue Management (SAP Universal RevRec) is a cutting-edge solution engineered to elevate and simplify the complexities of revenue recognition. Enhanced Compliance : Facilitates adherence to accountingstandards and regulations, reducing the risk of non-compliance and associated penalties.
Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. Research and Thought Leadership : The AICPA conducts research and publishes reports on emerging trends, best practices, and thought leadership topics relevant to the accounting profession. Why Should You Care?
In 2018, the Financial AccountingStandards Board (FASB) and the International AccountingStandards Board (IASB) announced the release of new accountingstandards, ASC 842 and IFRS 16, that redefined how organizations must account for leases.
Globalization CFOs have long needed to assure compliance with two different standards-setting bodies. The first is the Financial AccountingStandards Board (FASB) in the United States. Just last week, SAP announced Joule, a natural-language, generative AI copilot that will transform the way business runs.
In addition, global companies need the flexibility to comply and report according to multiple accountingstandards. For leasing, this means International AccountingStandards Board’s (IASB’s) IFRS 16 and US GAAP Financial AccountingStandards Board’s (FASB’s) ASC 842.
Ideally, companies need to have accounting systems that can both adapt to different regulations and seamlessly provide visibility and analytic capabilities across the entire enterprise. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger. Inventory Accounting (MM and ML).
A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? Among the biggest developments is a new proposed rule from the Securities and Exchange Commission (SEC) that was published on March 21, 2022 for public comment over the next 60 days.
Compliance: The adoption of ASC 606 and IRFS 15 accountingstandards for revenue recognition introduced new requirements for SaaS companies, particularly around the allocation of revenues and the recognition of variable consideration.
Planful integrates with more than 100 source systems, both on-premises and cloud-based, including Acumatica, Sage, Microsoft Dynamics, and SAP, to name a few. A solid financial planning and consolidation platform that supports risk management and can handle the nuances of various accountingstandards and multiple currencies.
The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. These software tools offer a range of features to improve efficiency, accuracy, and collaboration during the close process.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content