SF Magazine: IMA Life: Connecting the Dots

“Throughout my career, I’ve learned that, as finance professionals, we must be partners and enablers to the business. Our ability to provide valuable analytical insight allows us to become catalysts for change, innovation, and growth within the organization.”

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Accounting Today: Companies Still Revamping Financial Processes for COVID-19

““Many companies are grappling with rapid changes and in some instances may be trying to retrofit new technologies into complex legacy system environments””.

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SF Magazine: Finance and Accounting in the Virtual World

“Accountants tend to be underappreciated by the business. But when the most tedious, time-consuming processes are automated, they finally have the opportunity to showcase their value. As they begin driving business outcomes instead of reporting on what happened four weeks ago, they’re more likely to garner recognition.”

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CFO Magazine: The Complexities of a COVID-19 Year-End

“As CFOs face the demands of year-end accounting and financial reporting, they’re pondering which issues need to be front and center and how to frame them.”

Here are the 4 issues that CFO’s need to think about:

1. Forecasting and related impairment analyses
2. Going concern analysis
3. Internal controls
4. Stakeholder communications

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Forbes: Speeding Towards Transformation: 2021 Trends In Finance And Accounting

Jeff Thomson’s “top 6 mega-trend predictions for 2021 in finance and accounting”:

1. Automation will no longer be debated
2. Remote working will become the norm for finance teams
3. Environment, Social and Governance (ESG) reporting will become more important
4. Enterprise Risk Management (ERM) becomes a finance accountability
5. Diversity, Equity and Inclusion (DE&I) will be a competitive differentiator, in addition to being the right thing to do from a core values perspective
6. Upskilling is the call-to-action

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CFO Magazine: Technical Accounting: The CFO’s Secret Weapon

“Sophisticated CFOs not only understand the value of technical accountants to accurately account for decisions made, they partner with them to provide proactive guidance for the decisions yet to be made. Here, accounting can drive desired financial outcomes, while navigating away from the unanticipated, but all too common, accounting accidents.”

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SF Magazine: Tech Trends to Watch

“The rate of change in technology today is exponential. The future will only get faster. Faster, better, and cheaper technology solutions will always be there to distract you. Resist the temptation and the hype; this helps you avoid the trap of buying new technologies because “everyone else is doing it.” Not only can it be costly if you have to rip and replace systems, but it can expose your organization’s priceless data and systems to great risk.”

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The End for Manual Accounting Processes

“Manual processes present too high a cost for accounting teams, CFOs, the broader business, and investor confidence. They sap time and resources, elevate risk, place a shadow over audit and compliance processes, and burn out talent. But more than that, in today’s fast-moving landscape—where companies are rolling out new business models, conducting mergers and acquisitions, and looking to direct more resources into planning and analysis—they can stymie business performance.”

Read more at Strategic Finance magazine >

Aligning FP&A and Accounting Teams for Success

“Accounting teams, which are responsible for controls, compliance and reporting — traditionally backwards-looking functions — tend to focus on the balance sheet, while financial planning and analysis (FP&A) teams, which are responsible for forward-looking budgeting and forecasts, tend to focus on the P&L. FP&A teams typically account for a transaction one way — as an investment, for example — while the accounting team accounts for it as an expense.”

Read more at CFODive.com >