XBRL: International Best Practice, Global Reporting, and your Business.

We’ve discussed how XBRL was developed by a global consortium with an aim to standardise financial reporting and simplify sharing, analysis, and forecasting of global business by freeing up the access to business data. If you’re a global business or are looking at expanding across borders, the international best practices and global reporting formats offered [...]

The Implementation Process That Gives You In-House XBRL-Printing Capability.

XBRL is coming soon, and the standardised reporting format will likely become a requirement across multiple reporting and regulatory bodies. This means you’ll need to implement a solution that benefits your business in the long term. How are You Implementing XBRL Reporting in Your Business? There are three ways you could be doing XBRL reporting [...]

XBRL: The Barcode of Financial Reporting.

South African businesses know that the reporting formats for the CIPC are changing, and with this change, other regulatory bodies will be following suit. We’ve discussed the reasons that the CIPC has made the move, and the CDM / XBRL implementation that gives you in-house, automated control of your reports.   Now, we outline the […]

XBRL, the CIPC, and Business Reporting in SA: What’s Happening?

XBRL, the CIPC, and your BusinessMaking the reporting standardisation work for you On 1 Feb 2018, Accountancy SA published an article on the impending XBRL move that clearly outlined the reasoning and benefits of a standardised XBRL reporting format. Read it here: ANALYSIS: Digital Financial Reporting For XBRL In short, digital financial reporting is changing [...]

Commentary: Strategic CPM as a Driver for Organizational Performance Management

Although the majority of live corporate performance management (CPM) implementations today primarily address the tactical needs of the office of finance, the combination of cloud, mobile, social and information (including in memory) computing forces is enabling new strategic CPM capabilities.

Half of CFOs Lack Real-time Data for Key Decisions

Nearly half (46%) of CFOs rely on “gut feel” and instinct to make business decisions in lieu of fast access to accurate internal data, a practice that can delay decision making, introduce errors and erode profitability, according to a new study from Redshift Research commissioned by Epicor Software, writes Bob Violino at information-management.com.

Commentary: Budget Iterations

Mary C. Driscoll on CFO.com discusses their Metric of the Month: Budget Iterations.

In an ideal world, the budgeting process would be fast and painless. But for many division heads, finance teams, and CFOs who see the same spreadsheets crossing their desks over and over, it is an exercise in frustration.

Commentary – Can Strategic Planning Pay Off?

McKinsey & Co. have an article from their McKinsey Quarterly archives on their website discussing Strategic Planning, and proposing four guidelines to help strategic planners make the crucial leap from plans to decisions.

Cortell Project Manager and Consultant Van Zyl Brink discusses this article.

Key Technology Trends for Management Accountants

sfmagazine.com have an article on the Key Technology Trends for Management Accountants. They write: The list includes some technology solutions that have been around for a while and some that are relatively new. A major challenge of today’s technologies is that there are too many of them. Innovations occur daily, and companies can’t keep pace with […]