Presented by our partner Crystallize Analytics Introduction Preparing adjusting entries often involves a lot of journal entries, staff input and tedious work. This common pain point can be avoided with the use of adjustment-only secondary ledgers in Oracle® E-Business Suite (EBS). As a more efficient processing of adjustments, adjustment ledgers reflect only adjustments without affecting […]
Category Archives: Whitepapers
25
May
May
Are spreadsheets still a part of your IFRS (International Financial Reporting Standards) reporting process? For most companies, the answer is yes – thanks in large part to the complex requirements of IFRS, spreadsheets were often put in place to bridge the gap between the reporting differences in ERP systems and IFRS during the initial conversion […]
25
May
May
This article takes an insightful look into the cost of a single spreadsheet that is used for financial consolidation. Many companies ignore the high cost of maintaining spreadsheets because they have already purchased Excel or another package, and there are not huge license fees. Spreadsheets are great tools for short, small projects, but care […]
28
Mar
Mar
Despite the inevitability of change, the resistance to it is so pervasive that it has inspired numerous publications and an entire industry of change management experts dedicated to overcoming it. The inability to change is certainly seen as a major flaw in business, resulting in the call for agile management, agile IT, and agile thinking. […]
28
Mar
Mar
It is no surprise that IT is not always aligned with business goals. The conflicts arise because IT is often unaware of how the business uses the systems that IT is responsible for installing and supporting, and the business is often unaware of exactly what is involved in an IT project. There are several other […]
02
Nov
Nov
Designing an accounting flexfield is one of the most difficult processes in an Oracle® implementation. Often, the failure to look far enough ahead during the initial implementation can impede business growth, and certainly makes it difficult to have your data truly ready for a fast-paced future. A “good” chart of accounts has the following criteria: […]
02
Nov
Nov
Navigation in the modern world of global enterprise is often an exercise in duality. While developments in the digital world open doors to value-growth for businesses, they also increase the strain on business leaders to maintain hard-won forward momentum. According to the 2022 PwC Pulse Survey[1], 60% of surveyed C-Level executives reported ‘Digital Transformation’ to […]
Whitepapers
Material Misstatement? or Massive Mistake? Key Questions for Auditors who Discover Potential Fraud
01
Sep
Sep
Uncovering alleged fraud or suspicious financial activities within an organization’s financial statement audit is both a nightmare for many (catching management and governance sectors off guard) and a difficult reality for the auditor or auditing teams involved. Auditors define fraud, in the context of a financial audit, as “an intentional act by one or more […]
01
Sep
Sep
More and more modern businesses are seeing the benefit in deploying an integration of robotic process automation (RPA) into their organization’s internal audit plan. By embracing the age of automation, businesses can pocket substantial cost-savings and reap organizational benefits in finance departments of all sizes. In leveraging automation and advanced analytics, organizations can garner quality […]
17
Apr
Apr
What used to be considered “back-office” systems are not located in the back of the office anymore. Systems that support a company’s infrastructure for sales, customer service, and supplier relations are front and center customer-, supplier- and employee-facing systems. The heightened importance of the internet to daily business processes requires that a wide variety of […]
