Organizations that adopt packaged applications for these tasks are able to streamline FP&A processes and improve accuracy. But a recent survey and report by Aberdeen Research found that organizations that adopt cloud-based FP&A applications are able to achieve even more gains than those using on-premises applications.
Of all the metrics used by investors to evaluate the performance of a business, revenue is perhaps the most important. Yet the revenue recognition guidelines under IFRS were different from those under US GAAP, a problem which needed to be addressed. The new guidelines are based on cooperation between the IASB and the FASB. The result was ASC 606 and IFRS 15, issued in May 2014 and
With the fluctuating market, increased regulations, fickle consumers, and rapidly changing business models, managing business finances can present a lot of difficulties. In a recent webinar, The CFO Playbook on Budgeting: How CFOs Can Make Their Budgets More Effective, three panelists sat down to discuss the difficulties with budgeting, while providing tips to make budgets more effective.
Why Is Budgeting Such a
Are you spending a lot of time wrestling with data collection and not enough time with analysis? Is your company hitting limitations with its current budgeting and planning software tool? The crunch of budgeting season always puts these software tools to the test and makes shortcomings more visible.
If you answered yes to either, or both, of those questions, you’re not alone. The crunch of budgeting season always puts these software tools to the test and makes
I recently had a chance to connect with Nilly Essaides, the Director and Practice Lead, Financial Planning & Analysis (FP&A) at the Association for Financial Professionals. Here's what she had to say about what's new and what's coming in FP&A.
John: Please tell us about the AFP
Today, there is rarely an aspect to business that isn't constantly fluctuating, evolving, and adapting to trends. Business tends to be one giant set of variables, and consistency is a rarity.
It's on account of all these economic and industry variables that Finance teams require a high degree of agility. Whether the cost of oil is increasing or the demand for products is on the decline, Finance teams need to be able to respond immediately to ensure their