Revisions are to clarify concepts, simplify guidance for report preparers, and place greater emphasis on outcomes of businessesโ activities. Fundamental concepts in the framework remain unchanged.
Shifting a traditional finance and accounting team to one that lives and breathes business partnering will require more than training sessions. Consider these lessons from a management accountantโs experience.
The finance director at UK and Ireland retailer B&Q explains how frequent forecasting, scenario modelling, and contingencies are part of 2021 planning.
Here are practical suggestions to improve the success of finance process automation: Start with an inside-out approach, focus on high-value reports, do strategic mapping, and consider softwareโs key functionality.
The UK adopted changes to accounting standards relating to interbank offered rates reform and the exemption from applying IFRS 9, Financial Instruments.
Getting internal stakeholdersโ buy-in is the first and often most challenging hurdle in kick-starting a finance transformation. Here are three strategies to consider.