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
It’s no secret that we’re living in a time of significant economic upheaval. In light of the current volatility, with a probable recession just around the corner, it’s more important than ever that companies take steps to protect their financial futures, and that means utilizing data to its best advantage. Key FinancialReports to Run.
Why Accurate and Granular or Detailed FinancialReporting is Imperative During Times of Volatility. Business moves at a fast clip, whether during times of economic expansion or times of uncertainty like we are experiencing today. Enter Modern FinancialReporting. Beyond Static Reports.
Financial transformation has emerged as a critical imperative for organisations in 2024, driven by the need to adapt to rapidly changing economic conditions, technological advancements, and evolving business landscapes. Evolving role Historically, CFOs were the stewards of financialreporting and compliance.
How do you balance achieving strong financial results while also supporting economic development and promoting sustainable growth through corporate social responsibility? At Gas de Cameroon, our mission is to unlock Cameroon’s economic potential through cost-effective, clean, and efficient gas products.
Economic shifts, technological innovation, and evolving investor strategies are creating a dynamic environment for companies considering going public. This includes adapting internal controls, financialreporting, and governance processes to align with current and future requirements.
With market volatility and economic pressure higher than it has been in more than a decade, the ways businesses manage and account for their money is inevitably included in that wave of operational change. The pandemic is setting the stage to change just about every aspect of running a business. Accountants, Auditors Respond.
Economic changes, whether due to inflation, global disruptions, or evolving consumer behavior, require businesses to be agile and adaptable. Staying informed about economic trends, market shifts, and industry updates allows you to anticipate potential challenges and opportunities. Businesses that fail to adapt risk losing relevance.
Unexpected Challenges are the New Normal From global pandemics to economic downturns, unpredictable challenges are here to stay. For instance, if a team member suggests a new software tool to streamline financialreporting, take the time to evaluate it. A flexible leader is better equipped to keep up and pivot when required.
Due to our passive position in foreign currency, motivated by our current financing, an exchange loss of 130 billion pesos was recorded, Pemex announced in a financialreport. Pemexs total sales were 7.7% lower than in third-quarter 2023. The company blamed a 6.8% depreciation of the Mexican peso against the dollar.
While overall 2025 economic conditions have been positive, tariffs, persistent interest rates and geo-political instability are creating uncertainty. Despite these favorable conditions, successful IPOs require meticulous preparation, robust financialreporting, and a governance framework that instills investor confidence.
As businesses aim for growth, astute financial management becomes essential. Join us as we explore unique perspectives on financialreporting and data analysis, offering actionable insights for hospitality business owners seeking growth opportunities without a dedicated financial strategist.
If that were the case, you would not have seen India progressing; we are right now projected as one of the bright spots in terms of the economic outlook. If there is no great financialreporting happening, do you think it would have been possible for India to be projected as the bright spot in terms of the economic growth you are seeing?,"
Many businesses assume that well-known clients or long-established companies will automatically be reliable, but financial situations can change rapidly. Checking a customers credit history, financialreports, and outstanding debts can provide valuable insight into their payment habits.
Chief financial officers in the Asia-Pacific across various sectors such as financial services, life sciences and health care, manufacturing, public sector, TMT, energy and resources, and consumer business are generally optimistic and neutral about the regional economic outlook.
Lloyds Bank has teamed with ConnectedFi in order to provide brokers with quicker asset finance credit decisions by using automation, according to FinancialReporter. The whole process reduces manual work by 87 percent, according to FinancialReporter. The information is extracted and validated automatically.
Steps to use historical data effectively: Review financialreports from previous years. Consider external factors, such as economic conditions, that may have affected past performance. However, historical data alone is not enoughbusinesses must also consider current and future factors that could influence financial outcomes.
This study provides some key insights that are highly relevant to our discussions and podcasts at the CFO Club on how South Africa can improve its treatment of intangible assets to foster economic growth. This inconsistency further clouds the financialreporting and makes it difficult for investors to assess the true value of companies.
In today’s dynamic financial landscape, Discover Strategic Financial Planning Solutions that are more than a necessity; they’re the backbone of sustainable business growth. As companies in the financial services industry aim to navigate uncertain economic climates, creating a robust financial roadmap becomes essential.
Here in the UK, the FinancialReporting Council looked into audit papers of the FTSE 100 and basically gave them a good health score. Horton: If they have an IPO, theyll be big firms, and theyll follow International FinancialReporting Standards or US GAAP. GF: Why is so much fraud connected with IPOs?
A recent World Bank Report has shown that Malaysia's path to becoming a high-income nation involves economic reform focusing on enhancing productivity, improving governance, and fostering innovation. He worked to coordinate across territories and align financialreports with strategic decisions.
This week, we speak with Gretchen Morgenson, senior financialreporter for the NBC News investigative unit. A former stockbroker and alumna of the New York Times and Wall Street Journal, she won the Pulitzer Prize in 2002 for her “trenchant and incisive” reporting on finance.
Why IAS 38 is Hindering South Africa’s Growth: A Call for Change In an era where innovation, intellectual property (IP), and intangible assets drive economic success, South Africa finds itself at a critical crossroads. They drive productivity, enhance competitiveness, and provide the foundation for long-term economic growth.
And while there’s no guarantee that any job will be immune to cutbacks or layoffs, some industries weather economic storms better than others. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. Financial Examiner. FinancialReporting Skills.
Interest rates are heading higher, and the economic toll from the rapid, ongoing rise in the cost of credit is only starting to unfold. New York Times ). • Global Biodiversity: A Stable Ecosystem Yields Stable Economics : The U.N. . • New York Times ). • Global Biodiversity: A Stable Ecosystem Yields Stable Economics : The U.N.
A study by the University of Baltimore and Excel-based FP&A company, , DataRails , lays out the full economic costs of businesses sticking with manually prepared financialreports. billion is the first number that came out of the research and this represents the total amount of money lost by manual financial work.
It encompasses environmental, social, and economic dimensions and involves the responsible use of resources, reducing waste and pollution, promoting social equity, and ensuring economic viability over the long term,” she put forward. ESG reporting will continue to change and be refined, given the challenges of sustainability goals.
Repetitive tasks, such as financialreporting, are increasingly being automated, freeing up finance professionals to focus on strategic initiatives. A recent report by McKinsey estimates that automation could potentially displace up to 30% of work activities in finance and accounting.
This comes despite findings that suggest that visibility over cash flow and other financial metrics could be the key to businesses weathering the growing global economic storm, the firm added. Singapore: survey highlights.
While this trend has been going on for quite some time, the pandemic, unstable supply chain, and rapidly changing inflation and economic conditions of 2022 have pushed people to take more control of their data. But FP&A software is a good upgrade no matter the economic conditions.
In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy. Purpose of the Role The controller ensures financialreporting compliance and accuracy while preventing and detecting fraud.
Bitcoin mining in the crypto crash — the mining companies’ creative accounting : Bitcoin miners used to be ruthless economic agents, in it for the money. In 2008, he received the George Polk Award for financialreporting. Chancellor is the author of “ Devil Take the Hindmost: A History of Financial Speculation.”
A transaction service team plays a critical role in the success of high-stakes financial transactions, guiding companies through every step of the process. This team is responsible for conducting thorough due diligence, which involves assessing the target company’s economic health, cash flows, and liabilities.
First and foremost is financial acumen—understanding financialreporting, budgeting, forecasting, and compliance is foundational. In finance, being able to foresee shifts in the market, economic changes, and emerging business opportunities would be invaluable.
CFOs today are expected to: Align economic performance with environmental and social responsibility. Anticipate and respond to regulatory shifts, particularly in sustainability reporting. Case in Point: A mid-sized logistics firm in Morocco used the BIPP to benchmark its financial resilience and non-financialreporting practices.
Earlier this year, Oracle identified four repeating techniques that the most ambitious and inventive organizations have used to obtain a competitive advantage and achieve significant development: business model innovation; mergers, acquisitions, and divestitures, accelerate the financial close, and developing a risk-aware culture.
These impacts will include major changes to accounting practices and financialreporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward. Does the lessee hold all economic value from the asset’s use? Is the asset physically distinct? Asset Control.
Its primary role is to oversee and regulate the auditing of public companies to protect investors' interests and ensure the integrity of financialreporting. Standard-Setting: It plays a role in setting and updating auditing standards to enhance the quality of audits and financialreporting. Why Should You Care?
The landscape is shifting, donor trust is eroding, and economic uncertainty is threatening funding streams that once felt secure. Book a FREE consultation here Do You Struggle to Make Sense of Your Financial Statements? In fact, if it feels like raising money for your nonprofit has become an uphill battle, thats not just a feeling.
Should companies integrate their ESG reporting with their financialreporting? Fouesnant concedes that investors are asking for it, and therefore a company can no longer get away with just disclosing its financial data. However, many CFOs still see non-financial metrics around ESG as costs.
David W Duffy To set the baseline straight, the Corporate Governance Institute (CGI) defines sustainability as a holistic approach that considers the interplay between the three dimensions of environmental, social, and economic impacts. 74% of respondents expect to be required to comply with two or more global regulations.
FP&A analyst, in turn, is a promising yet developing profession that can be interesting to graduates with finance, statistics, economics or business degrees as well as to finance professionals from adjacent disciplines. Planning, budgeting and forecasting are linked together forming financial planning processes.
Looking ahead, I aim to continue serving on boards that focus on skills development and small business growth, as these are critical areas for economic empowerment and job creation. When I eventually retire from active employment, I envision dedicating my time to various boards, where I can share my expertise and help shape impactful programmes.
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