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Report the Future: The Role of Automation in Financial Reporting

Centage

Despite the basic truth that businesses need to be future looking if they hope to succeed, traditional financial reporting has typically focused on what’s happened in the past and present. To that end, most companies are gathering data on revenue, expenses, and other key ratios rather than predicting what’s coming down the pipeline.

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The Best Power BI Visuals for Financial Reporting

Collectiv

The most valuable indicators of the financial health and position of an organization are the metrics that are tracked in financial statements—Balance Sheets, Profit and Loss Statements, Cash Flow Statements, Account Receivables, and more. Financial reporting is meant to give stakeholders an accurate depiction of a company’s finances.

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How Can AI Help Financial Planning?

The Finance Weekly

Lets think about it how will you use AI to take your financial planning to the next level? What is AI in Financial Planning? AI in financial planning is changing how businesses analyze data and make decisions. This process took a lot of time and effort, but AI is now making it faster and easier.

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Report the Future: The Role of Automation in Financial Reporting

Centage

Despite the basic truth that businesses need to be future looking if they hope to succeed, traditional financial reporting has typically focused on what’s happened in the past and present. To that end, most companies are gathering data on revenue, expenses, and other key ratios rather than predicting what’s coming down the pipeline.

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4 Types of Financial Reports Every FP&A Team Should Be Using

Planful

The financial reporting manager must be able to clearly explain specific financial concepts at a high level for busy executives. FP&A teams can do so by leveraging these four essential types of financial reports techniques. Department Budget vs. Actual Reports. Operation Review Reports.

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How to Do Ad Hoc Analysis

The Finance Weekly

Some of the important advantages of ad hoc reporting include: Allowing end users to find answers to specific business questions that standard reports may not address. Enabling teams, such as financial reporting and IT, to stay focused on their projects instead of responding to numerous data requests.

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Standards for Carbon Accounting are Beginning to Take Shape

Bramasol

From a global perspective, the International Sustainability Standards Board (ISSB) is also working on developing uniform financial reporting rules. If adopted by December 2022, the new disclosure requirements would be phased in over Fiscal Years 2023 through 2025, depending on companies' SEC registration types.