I recently attended BlackLine’s annual user conference. The company aims to automate time-consuming repetitive tasks and substantially reduce the amount of detail that individuals must handle in the department. The phrase “the devil is in the details” certainly applies to accounting, especially managing the details in the close-to-report phase of the accounting cycle, which is where BlackLine plays its role. This phase spans from all the pre-close activities to the publication of the financial...
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Topics:
automation,
close,
closing,
Consolidation,
control,
effectiveness,
Reconciliation,
CFO,
compliance,
Data,
controller,
Financial Performance Management,
FPM,
Sarbanes Oxley,
Accounting,
reconcile
Because of its impact on the Office of Finance, I’ve written in the past about the proposed timeline and IT implications of the convergence of U.S. Generally Accepted Accounting Principles (U.S. GAAP) and the International Financial Reporting Standards (IFRS). While the bottom-line differences between U.S. GAAP and IFRS are likely to be minimal for most businesses, some aspects of the convergence promise to be significant and problematic. One important change is how companies account for...
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Topics:
GRC,
Office of Finance,
control,
error,
IFRS,
Governance, Risk & Compliance (GRC),
Business Performance Management (BPM),
CFO,
Financial Performance Management (FPM),
Financial Performance Management,
GAAP