In addition to new regulatory guidelines impacting areas, such as revenue recognition and lease accounting, the digital economy is creating new challenges and opportunities for Accounting and Finance professionals.
At the recent Host Analytics Future of Finance Tour events, industry guru Brian Sommer highlighted the impact of the digital economy on Accounting and Finance and “the new game plan” that’s needed to fully leverage these changes. I
I recently had a chance to find out the answer to this question first-hand. In early August, I was asked to speak at the annual meeting of the American Accounting Association (AAA). The AAA has been around for 100 years and is a community of accounting educators. Since its founding in 1916, the group has grown to over 7,000 members in more than 75 countries. Most of the
We recently checked in with Seth Fineberg, the site's managing editor, to pick his brain on accounting trends and get advice on simplifying tax and accounting functions. Here's what he had to say:
Can you tell us a little about your professional background? What's your experience/interest in accounting?
My career spans the world of business and financial
The business world is going digital. It’s starting to use all of those digital breadcrumbs that you, your cell-phone, your social media posts and your sensor-enabled world are leaving behind. Your employer is likely using these digital artifacts to its benefit, too. Is this a fad? No, it isn’t as no one’s giving up their smartphones and businesses are
I recently led a panel discussion with a CFO, CIO and an operations procurement manager who turned out to be something of a visionary. The three discussed their decision to move the company's accounting system to the cloud, based on a business case the manager built simply by observing that the status quo wasn't cutting it.
I recently led a panel discussion with a CFO, CIO and COO to discuss their decision to move to the cloud. Here is the CFO’s story about how the cloud has allowed him to become more strategic.
Our CFO had a challenge. His company was rapidly growing. They had used basic systems in the past, but realized that their systems became cumbersome. Some of the core challenges were: