Why We Need to Update Financial Reporting for the Digital Era

Harvard Business

Business students have traditionally considered net present value, payback period, and hurdle rates as necessary tools to determine which project to select. In the meanwhile, companies increasingly resort to provision of proforma and non-GAAP reports, even though this practice is looked down upon by the SEC and is opportunistically misused by a few companies. Analysts increasingly rely on non-GAAP metrics. Martin Konopka/EyeEm/Getty Images.

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5 Reasons CFOs Struggle with Financial Reporting (and How to Overcome the Challenges)

The Kini Group

Recent updates to laws concerning finance include updates to the Financial Accounting Standards Board (FASB) US GAAP financial reporting standards and tight 10-Q and 10-K deadlines. In fact, an IDC study showed that cloud solutions offer an average payback period of 7.1 No one likes financial reporting. There, I said it. Analysis, now sometimes that’s fun. But reporting? Always a chore.

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5 Reasons CFOs Struggle with Financial Reporting and Analysis (and How to Overcome the Challenges)

The Kini Group

Recent updates to laws concerning finance include updates to the Financial Accounting Standards Board (FASB) US GAAP financial reporting standards and tight 10-Q and 10-K deadlines. In fact, an IDC study showed that cloud solutions offer an average payback period of 7.1 No one likes financial reporting and analysis. There, I said it. Analysis, now sometimes that’s fun. But reporting? Always a chore.

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