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OCTOBER 20, 2017

A fifth said that they were worried they would be fined due to financial accounting errors. Five percent said they had to turn down work so they could get their financial accounting finished. It’s a growing issue, too,” said Nick Rawlings, commercial director of SJD Accountancy. There are currently 4.81

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CTP

JANUARY 9, 2023

Business controls are not limited to financial accountability. You will also want to create procedure manuals for any technology you use. Amplify Your Business Controls. They can apply to any area of the business where accuracy, quality, security, and predictability matter.

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CTP

OCTOBER 17, 2022

Business controls are not limited to financial accountability. You will also want to create procedure manuals for any technology you use. Amplify Your Business Controls. They can apply to any area of the business where accuracy, quality, security, and predictability matter.

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PYMNTS

JANUARY 2, 2020

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., has released new guidance on computing costs for cloud computing to take effect for public businesses in 2020.

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PYMNTS

NOVEMBER 15, 2016

“ CFOs worldwide are struggling to make the most of the increased volume and speed of data available to them,” concluded EY Global Financial Accounting and Advisory Services Leader Peter Wollmert in a statement announcing the research.

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PYMNTS

MARCH 18, 2020

Chief financial officers are pushing for a switch to low-cost, scalable, cloud-based software solutions, and that is driving annual gross sales for the financial accounting software market above $19 billion. Sage Intacct Takes AP Automation To The Cloud. Many providers are developing products that cater to these demands.

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PYMNTS

AUGUST 19, 2019

According to the announcement detailing the indictment, Sponaugle allegedly used funds from the business’s bank account to pay corporate credit card bills associated with those personal purchases and hid her fraud by making false entries in the business’s financial accounting system.

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PYMNTS

JUNE 24, 2019

Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have said will place a significant burden as organizations work to comply with the requirements.

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PYMNTS

JUNE 30, 2017

The technology uses Microsoft Azure and PowerBI technology to help companies within the LTPAC space manage data and access analysis via dashboards.

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PYMNTS

JUNE 10, 2019

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward.

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PYMNTS

OCTOBER 18, 2019

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., is offering corporates more time to adopt some revised standards, The Wall Street Journal said on Thursday (Oct.

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PYMNTS

AUGUST 15, 2019

The companies will enable businesses to upload leasing data onto LeaseAccelerator’s accounting platform to promote compliance. The additional time proposed by FASB staff provides companies with an opportunity to strategically evaluate their entire lease asset program lifecycle needs,” he said.

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PYMNTS

OCTOBER 25, 2019

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct.

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PYMNTS

APRIL 26, 2019

Separately, in Ireland, the Independent reported that “hundreds of students are staring at the prospect of jail time” in the wake allowing fraudsters to use their financial accounts as mules. The students were complicit in the fraud, and reportedly accepted cash for their accounts to be used for the money laundering.

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PYMNTS

JANUARY 25, 2019

Earlier this month, the company said there have been issues with supplier payments being made in a timely manner, and has been the subject of investigations into a 40-million pound “black hole” tied to its financial accounts.

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PYMNTS

DECEMBER 3, 2018

“We need to embrace the digital opportunities,” said Laurent Martinez, CFO of Alstom , in an interview with the WSJ , which noted the company’s recent efforts to experiment with accounting and payments automation.

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PYMNTS

MARCH 10, 2017

Citing research that finds the majority of cyberattacks hit SMEs, Mooney added that there should be legislation that requires all businesses, not just large ones, to meet cybersecurity standards.

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PYMNTS

MARCH 6, 2019

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity.

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PYMNTS

AUGUST 12, 2016

Another company, Conservis , rolled out its own financial accounting and automation services targeting the farming and agriculture industry. Earlier this month, Farmer’s Business Network announced a $20 million funding round as it looks to expand its farmer network in the U.S.

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PYMNTS

MARCH 19, 2020

The financial account software market is on pace to reach $19 billion in sales over the next five years, and such growth is necessary to match businesses’ fast-paced needs.

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PYMNTS

OCTOBER 9, 2018

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance.

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PYMNTS

DECEMBER 12, 2019

Now, the SEC is urging businesses to disclose their supply chain financing arrangements in their Management’s Discussion and Analysis section of financial statements, reports said. The SEC’s remarks follow requests by the Big Four U.S.

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PYMNTS

OCTOBER 11, 2018

.” Banks can struggle with making sure these third parties are collecting only the data their customers have authorized them to collect, or only the data their customers want them to collect, even if they unknowingly gave that app free rein of their financial accounts.

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PYMNTS

SEPTEMBER 9, 2016

Innes told reporters that Xero is focusing on ensuring streamlined data sharing between businesses and their accounts to more accurately and efficiently determine their cash positions. “It’s about getting as much information into your financial accounts as possible,” he said.

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PYMNTS

NOVEMBER 8, 2019

In this respect, a financial services firm might be able to cross-sell products such as wealth management products, 529 savings plans or home equity lines of credit. The company’s data model allows the firm to view information across a range of financial accounts, gathering a 360-degree view of the customer.

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PYMNTS

JANUARY 30, 2020

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases.

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PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB).

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PYMNTS

AUGUST 29, 2019

Many Japanese companies are looking to adopt global and advanced financial accounting systems.”. “It’s not just major corporations,” noted Citi Head of Treasury and Trade Solutions in Japan Isao Kojima, according to reports. Citi plans to grow its staff in Japan by about 10 percent per year.

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PYMNTS

AUGUST 16, 2019

Amazon sure has a lot of tools and activities under its app umbrella, but an actual super app would include more than just the ability to order retail products from a seemingly endless array of sellers: A real super app would include other activities such as ride-hailing and financial account checkups, she noted.

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