Tag Archives: Audit & Finance

A Step-by-Step Guide to Calculating and Reducing Operating Costs for your Finance Department

Knowing your labor efficiency and your overhead can help you set realistic pricing in your quotes and help you improve your operational efficiency. The first step in calculating costs is to determine the fully burdened labor cost. This is done by calculating the employee salaries inclusive of vacation time, insurance benefits, and taxes. Second, you […]

Advanced Excel® Tips and Tricks for E-Business Suite Users

Automation continues to transform whole industries – and finance and audit are no exception. Specific to the financial audit, most of the high-volume, routine, non-judgmental activities in real time are being transformed by software, leaving audit professionals more time to do what they do best: analyze results and make expert judgement calls. This webinar focuses on the framework and standards under which audits are currently conducted, and will showcase real-world examples where automation streamlines workflows to transform the entire audit process.

Ace your Audit: Preparing Your Oracle® E-Business Suite for a Financial Audit Webinar

Automation continues to transform whole industries – and finance and audit are no exception. Specific to the financial audit, most of the high-volume, routine, non-judgmental activities in real time are being transformed by software, leaving audit professionals more time to do what they do best: analyze results and make expert judgement calls. This webinar focuses on the framework and standards under which audits are currently conducted, and will showcase real-world examples where automation streamlines workflows to transform the entire audit process.

Cross-Validation Rules: Tips to Optimize your GL

Automation continues to transform whole industries – and finance and audit are no exception. Specific to the financial audit, most of the high-volume, routine, non-judgmental activities in real time are being transformed by software, leaving audit professionals more time to do what they do best: analyze results and make expert judgement calls. This webinar focuses on the framework and standards under which audits are currently conducted, and will showcase real-world examples where automation streamlines workflows to transform the entire audit process.

Bankruptcy Part 2: Recovery

The previous article talked about the types of bankruptcy in the US and the options for restructuring.  This whitepaper elaborates on restructuring in a Chapter 11 scenario.  The initial turnaround plan considers an extensive analysis of what is working, and what is not working.  Essentially, there are five components to this plan:  debt restructuring, organization […]

Bankruptcy Part 1: Getting the Most for Your Shareholders

Bankruptcies occur more often than expected and occur during booming economies as well as recessions. Not only was there a sharp increase in bankruptcy filings during the 2020 pandemic, but also law changes and the recession in 2005 and 2009 led to significant slowdowns and  many companies unable to meet their debt obligations and operating […]

Tips to Ace your Audit

There are ways to leverage Oracle® E-Business Suite to run industry standard audit procedures and proactively identify areas of non-compliance in advance for a smoother audit process. Here are our recommended tips to Ace Your Audit: Know Why Automation is Important: Know how audit automation can facilitate current and future audit frameworks and standards and […]

5 Key Audit Procedures for Rock Solid Trial Balances

Automation continues to transform whole industries – and finance and audit are no exception. Specific to the financial audit, most of the high-volume, routine, non-judgmental activities in real time are being transformed by software, leaving audit professionals more time to do what they do best: analyze results and make expert judgement calls. This webinar focuses on the framework and standards under which audits are currently conducted, and will showcase real-world examples where automation streamlines workflows to transform the entire audit process.

Understanding Your Audit

For most companies, annual financial statement audits are an unavoidable part of business and remain the gold standard of assurance to stakeholders. These annual audits can be quite burdensome for the accounting team.  In addition to daily business demands—the accounting team generally needs to prepare and pull schedules, load extracts, and provide supporting documentation. Due […]

Characteristics of a World-Class Close

The concept of a world-class close has been around for decades, and with the economy booming, stalling, and then doing who-knows-what in the future, revisiting the elements of an exemplary close can bring unexpected benefits to any organization. Driving toward a world-class close means by definition that IT and Finance will become more flexible, more […]