SlideShare ist ein Scribd-Unternehmen logo
1 von 13
Click to add text
© 2014 IBM Corporation
Reporting Challenges for Accounting
and Finance
by: Paul Young, CPA, CGA – OOF/Risk
Analytics Proven Practice Adviser
© 2012 IBM Corporation
Agenda
September 9,
2014
• Reporting Areas for Business
• Big Data
• Internal Audit
• Reporting Trends
• Accounting Standards
• FASB
• ISAB
• BEPS
• Risk Management
© 2012 IBM Corporation
Author / Bio
September 9,
2014
• Paul Young, CPA, CGA
• SME – Financial Performance Management (TM1, Cognos Controller and
Cognos Disclosure Management, OpenPages, Algorithmics, Cognos
Integrated Server, Cognos Command Center and Datawath
• Industry Experience
• 15+ years in Corporate Reporting, Budget & Forecasting, Costing,
Business Process Management, Internal Audit and Controls, Risk
Management, Financial Analysis, Costing
• 8+ years teaching Advance Finance, Advance Accounting, Public
Finance and Advance Management Information Systems
• Blogger in areas like Finance Analysis, Government policies, market
segment
© 2012 IBM Corporation
Big Data
September 9,
2014
• What is Big Data?
• Big data is a term that describes the large volume of data – both structured and
unstructured – that inundates a business on a day-to-day basis. But it’s not the amount
of data that’s important. It’s what organizations do with the data that matters. Big data
can be analyzed for insights that lead to better decisions and strategic business moves.
• Why is Big Data important?
• As companies seek to become more data-driven, too much of the focus is being spent
on capturing data and not enough on uncovering insights. The brutal truth is your data
may hold a ton of potential value for your business, but it is worthless if no one is able
to extract useful, timely insights from it. If you’re struggling in this area like many other
businesses, it’s just going to get harder as your data continues to expand over time.
The noise will get louder and the signals will become fainter. Source: Forbes
© 2012 IBM Corporation
FASB
September 9,
2014
• Key Standards
© 2012 IBM Corporation
IASB (International Accounting Standards Board)
September 9,
2014
• Key Standards
© 2012 IBM Corporation
IASB (International Accounting Standards Board)
September 9,
2014
• Completed Standards
© 2012 IBM Corporation
BEPS
September 9,
2014
t
• What is BEPS
• Base erosion and profit shifting (BEPS) refers to tax avoidance strategies that exploit
gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations.
Under the inclusive framework, over 100 countries and jurisdictions are collaborating to
implement the BEPS measures and tackle BEPS.
• BEPS Requirement
• Mandate to reporting profit by country – Source:
https://www.oecd.org/ctp/beps-action-13-guidance-implementation-tp-
documentation-cbc-reporting.pdf
© 2012 IBM Corporation
Risk Management
September 9,
2014
• Risk Management
• The total global expenditure on risk IT systems and services by financial institutions
(FIs) will be
$70bn during 2016.
The two biggest areas for investment are in the risk governance and integration field
($22.4bn), which is being driven by compliance demands, stress test reporting
obligations and risk data aggregation requirements, and financial crime risk, which
follows closely behind in terms of growth, as cyber and fraud risks multiply and
converge.
The Chartis 2016 Global Risk IT Expenditure report aggregates all of the firm’s 2015
research to derive a global risk IT spend. The market sizing exercise by Chartis is
based on a comprehensive bottom up methodology driven by thousands of demand
side data points. Furthermore, the analysis has been validated by top-down data from
hundreds of technology vendors and consulting firms.
The report provides an overview of the risk technology market and forecasts 2016
expenditure for specific risk categories, examining the regulatory, operational and
reputational drivers for different sizes of financial institution (FI) and across different
regions
© 2012 IBM CorporationSeptember 9,
2014
© 2012 IBM CorporationSeptember 9,
2014
© 2012 IBM CorporationSeptember 9,
2014
© 2012 IBM CorporationSeptember 9,
2014
• Contact information
• Paul Young (email: paul.young@ca.ibm.com)
• IBM Close, Consolidating and Reporting, Risk and Planning Analytics
• http://www.ibm.com/analytics/us/en/business/financial-reporting/
• http://www-03.ibm.com/software/products/en/planning-analytics
• http://www.ibm.com/analytics/us/en/business/governance-risk-
compliance/

Weitere ähnliche Inhalte

Was ist angesagt?

Was ist angesagt? (17)

E-Commerce SME
E-Commerce SMEE-Commerce SME
E-Commerce SME
 
Facing the Big Data Revolution: A German Perspective
Facing the Big Data Revolution: A German PerspectiveFacing the Big Data Revolution: A German Perspective
Facing the Big Data Revolution: A German Perspective
 
Transforming investment banks social media infographic
Transforming investment banks social media infographicTransforming investment banks social media infographic
Transforming investment banks social media infographic
 
Application Software - M&A Summary
Application Software - M&A SummaryApplication Software - M&A Summary
Application Software - M&A Summary
 
Semiconductors - M&A Tearsheet
Semiconductors - M&A TearsheetSemiconductors - M&A Tearsheet
Semiconductors - M&A Tearsheet
 
F-Prime Capital State of Technology Venture Capital - 2021
F-Prime Capital State of Technology Venture Capital - 2021F-Prime Capital State of Technology Venture Capital - 2021
F-Prime Capital State of Technology Venture Capital - 2021
 
Challenges and Opportunities for SMPs
Challenges and Opportunities for SMPsChallenges and Opportunities for SMPs
Challenges and Opportunities for SMPs
 
Information Systems for Management of Business by Prof. Kapil Garg
Information Systems for Management of Business by Prof. Kapil GargInformation Systems for Management of Business by Prof. Kapil Garg
Information Systems for Management of Business by Prof. Kapil Garg
 
The 7 Pillars of Market Surveillance 2.0
The 7 Pillars of Market Surveillance 2.0The 7 Pillars of Market Surveillance 2.0
The 7 Pillars of Market Surveillance 2.0
 
FulcrumWay GRC Solutions
FulcrumWay GRC SolutionsFulcrumWay GRC Solutions
FulcrumWay GRC Solutions
 
Software and Technology Services - 2021 M&A Summary
Software and Technology Services - 2021 M&A SummarySoftware and Technology Services - 2021 M&A Summary
Software and Technology Services - 2021 M&A Summary
 
Road to Digital Compliance
Road to Digital ComplianceRoad to Digital Compliance
Road to Digital Compliance
 
2Q18 Global ISG Index Infographic
2Q18 Global ISG Index Infographic2Q18 Global ISG Index Infographic
2Q18 Global ISG Index Infographic
 
Ey top-10-risks-in-telecommunications-2014
Ey top-10-risks-in-telecommunications-2014Ey top-10-risks-in-telecommunications-2014
Ey top-10-risks-in-telecommunications-2014
 
Business Process Outsourcing - 2019 M&A Summary
Business Process Outsourcing - 2019 M&A SummaryBusiness Process Outsourcing - 2019 M&A Summary
Business Process Outsourcing - 2019 M&A Summary
 
PEST analysis
PEST analysisPEST analysis
PEST analysis
 
Identity and access_management_(iam)_market
Identity and access_management_(iam)_marketIdentity and access_management_(iam)_market
Identity and access_management_(iam)_market
 

Ähnlich wie Reporting Challenges for Corporate Accounting and Finance - Office of the Finance

Business Intelligence White Paper March11
Business Intelligence White Paper March11Business Intelligence White Paper March11
Business Intelligence White Paper March11
craig1201
 

Ähnlich wie Reporting Challenges for Corporate Accounting and Finance - Office of the Finance (20)

Reporting Challenges for Office of the Finance
Reporting Challenges for Office of the FinanceReporting Challenges for Office of the Finance
Reporting Challenges for Office of the Finance
 
Streamlining the Close, Consolidate and Reporting Process for Business
Streamlining the Close, Consolidate and Reporting Process for BusinessStreamlining the Close, Consolidate and Reporting Process for Business
Streamlining the Close, Consolidate and Reporting Process for Business
 
Business struggles with close, consolidate and reporting cycle june 2017
Business struggles with close, consolidate and reporting cycle   june 2017Business struggles with close, consolidate and reporting cycle   june 2017
Business struggles with close, consolidate and reporting cycle june 2017
 
Financial Reporting Solutions
Financial Reporting Solutions Financial Reporting Solutions
Financial Reporting Solutions
 
Close, Consolidate and Reporting Cycle for Business - January 2018
Close, Consolidate and Reporting Cycle for Business -  January 2018Close, Consolidate and Reporting Cycle for Business -  January 2018
Close, Consolidate and Reporting Cycle for Business - January 2018
 
Financial Reporting Challenges and Solutions - Corporate Reporting
Financial Reporting Challenges and Solutions - Corporate ReportingFinancial Reporting Challenges and Solutions - Corporate Reporting
Financial Reporting Challenges and Solutions - Corporate Reporting
 
Reporting challenges for Office of Finance - Accounting Finance Tax Risk Mana...
Reporting challenges for Office of Finance - Accounting Finance Tax Risk Mana...Reporting challenges for Office of Finance - Accounting Finance Tax Risk Mana...
Reporting challenges for Office of Finance - Accounting Finance Tax Risk Mana...
 
Close, Consolidate, and Reporting Cycle.pptx
Close, Consolidate, and Reporting Cycle.pptxClose, Consolidate, and Reporting Cycle.pptx
Close, Consolidate, and Reporting Cycle.pptx
 
Artificial intelligence (ai) with Value for Money Auditing
Artificial intelligence (ai) with Value for Money AuditingArtificial intelligence (ai) with Value for Money Auditing
Artificial intelligence (ai) with Value for Money Auditing
 
2020 Software Company Benchmark Report - 132 Companies
2020 Software Company Benchmark Report - 132 Companies2020 Software Company Benchmark Report - 132 Companies
2020 Software Company Benchmark Report - 132 Companies
 
Artificial Intelligence role as part of automating reporting for Accounting a...
Artificial Intelligence role as part of automating reporting for Accounting a...Artificial Intelligence role as part of automating reporting for Accounting a...
Artificial Intelligence role as part of automating reporting for Accounting a...
 
Close, Consolidate and Reporting Cycle.pptx
Close, Consolidate and Reporting Cycle.pptxClose, Consolidate and Reporting Cycle.pptx
Close, Consolidate and Reporting Cycle.pptx
 
Artificial intelligence (ai) with office of the CFO
Artificial intelligence (ai) with office of the CFOArtificial intelligence (ai) with office of the CFO
Artificial intelligence (ai) with office of the CFO
 
Supply Chain - Automation - Solutions
Supply Chain - Automation - SolutionsSupply Chain - Automation - Solutions
Supply Chain - Automation - Solutions
 
The Data Economy: 2016 Horizonwatch Trend Brief
The Data Economy:  2016 Horizonwatch Trend BriefThe Data Economy:  2016 Horizonwatch Trend Brief
The Data Economy: 2016 Horizonwatch Trend Brief
 
Full Slide Deck
Full Slide DeckFull Slide Deck
Full Slide Deck
 
Savvis - Rising to the Challenge (2009)
Savvis - Rising to the Challenge (2009)Savvis - Rising to the Challenge (2009)
Savvis - Rising to the Challenge (2009)
 
Data driven decision
Data driven decisionData driven decision
Data driven decision
 
Supply Chain Management - Automation Solutions
Supply Chain Management - Automation SolutionsSupply Chain Management - Automation Solutions
Supply Chain Management - Automation Solutions
 
Business Intelligence White Paper March11
Business Intelligence White Paper March11Business Intelligence White Paper March11
Business Intelligence White Paper March11
 

Mehr von paul young cpa, cga

Global Housing Market Analysis and Commentary- September 2023.pptx
Global Housing Market Analysis and Commentary- September 2023.pptxGlobal Housing Market Analysis and Commentary- September 2023.pptx
Global Housing Market Analysis and Commentary- September 2023.pptx
paul young cpa, cga
 
What is next for the Mining Sector.pptx
What is next for the Mining Sector.pptxWhat is next for the Mining Sector.pptx
What is next for the Mining Sector.pptx
paul young cpa, cga
 
Manufacturing Sector – United States – August 2023.pptx
Manufacturing Sector – United States – August 2023.pptxManufacturing Sector – United States – August 2023.pptx
Manufacturing Sector – United States – August 2023.pptx
paul young cpa, cga
 
Stock Market Analysis and Commentary for WE September 15 2023.pptx
Stock Market Analysis and Commentary for WE September 15 2023.pptxStock Market Analysis and Commentary for WE September 15 2023.pptx
Stock Market Analysis and Commentary for WE September 15 2023.pptx
paul young cpa, cga
 
Electricity Analysis - Canada and the OECD - June 2023.pptx
Electricity Analysis - Canada and the OECD - June 2023.pptxElectricity Analysis - Canada and the OECD - June 2023.pptx
Electricity Analysis - Canada and the OECD - June 2023.pptx
paul young cpa, cga
 
World Merchandise Trade – September 2023.pptx
World Merchandise Trade – September 2023.pptxWorld Merchandise Trade – September 2023.pptx
World Merchandise Trade – September 2023.pptx
paul young cpa, cga
 

Mehr von paul young cpa, cga (20)

Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxRetail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
 
Addressing issues with the Public Sector Governance Model.pptx
Addressing issues with the Public Sector Governance Model.pptxAddressing issues with the Public Sector Governance Model.pptx
Addressing issues with the Public Sector Governance Model.pptx
 
Global Housing Market Analysis and Commentary- September 2023.pptx
Global Housing Market Analysis and Commentary- September 2023.pptxGlobal Housing Market Analysis and Commentary- September 2023.pptx
Global Housing Market Analysis and Commentary- September 2023.pptx
 
What is next for the Mining Sector.pptx
What is next for the Mining Sector.pptxWhat is next for the Mining Sector.pptx
What is next for the Mining Sector.pptx
 
Manufacturing Sector – United States – August 2023.pptx
Manufacturing Sector – United States – August 2023.pptxManufacturing Sector – United States – August 2023.pptx
Manufacturing Sector – United States – August 2023.pptx
 
Stock Market Analysis and Commentary for WE September 15 2023.pptx
Stock Market Analysis and Commentary for WE September 15 2023.pptxStock Market Analysis and Commentary for WE September 15 2023.pptx
Stock Market Analysis and Commentary for WE September 15 2023.pptx
 
Manufacturing Sector – Canada – September 2023.pptx
Manufacturing Sector – Canada – September 2023.pptxManufacturing Sector – Canada – September 2023.pptx
Manufacturing Sector – Canada – September 2023.pptx
 
Electricity Analysis - Canada and the OECD - June 2023.pptx
Electricity Analysis - Canada and the OECD - June 2023.pptxElectricity Analysis - Canada and the OECD - June 2023.pptx
Electricity Analysis - Canada and the OECD - June 2023.pptx
 
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
 
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
 
How to improve the Governance Model for the Public Sector - United States - S...
How to improve the Governance Model for the Public Sector - United States - S...How to improve the Governance Model for the Public Sector - United States - S...
How to improve the Governance Model for the Public Sector - United States - S...
 
What is next for Agriculture Sector - August 2023.pptx
What is next for Agriculture Sector - August 2023.pptxWhat is next for Agriculture Sector - August 2023.pptx
What is next for Agriculture Sector - August 2023.pptx
 
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
 
Better Public Safety Management using Analytics - September 2023.pptx
Better Public Safety Management using Analytics - September 2023.pptxBetter Public Safety Management using Analytics - September 2023.pptx
Better Public Safety Management using Analytics - September 2023.pptx
 
Stock Market Analysis and Commentary for WE September 9 2023.pptx
Stock Market Analysis and Commentary for WE September 9 2023.pptxStock Market Analysis and Commentary for WE September 9 2023.pptx
Stock Market Analysis and Commentary for WE September 9 2023.pptx
 
Workforce Planning and Employment Analysis - August 2023.pptx
Workforce Planning and Employment Analysis - August 2023.pptxWorkforce Planning and Employment Analysis - August 2023.pptx
Workforce Planning and Employment Analysis - August 2023.pptx
 
Global Automotive - Analysis and Commentary - August 2023.pptx
Global Automotive - Analysis and Commentary - August 2023.pptxGlobal Automotive - Analysis and Commentary - August 2023.pptx
Global Automotive - Analysis and Commentary - August 2023.pptx
 
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
 
World Merchandise Trade – September 2023.pptx
World Merchandise Trade – September 2023.pptxWorld Merchandise Trade – September 2023.pptx
World Merchandise Trade – September 2023.pptx
 
What is next for the Forestry Sector and Lumber Production - September 2023.pptx
What is next for the Forestry Sector and Lumber Production - September 2023.pptxWhat is next for the Forestry Sector and Lumber Production - September 2023.pptx
What is next for the Forestry Sector and Lumber Production - September 2023.pptx
 

Kürzlich hochgeladen

20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf
Adnet Communications
 
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
dipikadinghjn ( Why You Choose Us? ) Escorts
 
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
dipikadinghjn ( Why You Choose Us? ) Escorts
 
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
dipikadinghjn ( Why You Choose Us? ) Escorts
 

Kürzlich hochgeladen (20)

Indore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfIndore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdf
 
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure serviceCall US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
 
Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024
 
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade  6297143586 Call Hot ...Booking open Available Pune Call Girls Talegaon Dabhade  6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdf
 
20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf
 
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
 
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
 
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323  ✅Call Girls In Chembur ( Mumbai ) secure serviceWhatsApp 📞 Call : 9892124323  ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
 
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
 
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur EscortsHigh Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
 
Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.
 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdf
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdf
 
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
 
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home DeliveryPooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
 

Reporting Challenges for Corporate Accounting and Finance - Office of the Finance

  • 1. Click to add text © 2014 IBM Corporation Reporting Challenges for Accounting and Finance by: Paul Young, CPA, CGA – OOF/Risk Analytics Proven Practice Adviser
  • 2. © 2012 IBM Corporation Agenda September 9, 2014 • Reporting Areas for Business • Big Data • Internal Audit • Reporting Trends • Accounting Standards • FASB • ISAB • BEPS • Risk Management
  • 3. © 2012 IBM Corporation Author / Bio September 9, 2014 • Paul Young, CPA, CGA • SME – Financial Performance Management (TM1, Cognos Controller and Cognos Disclosure Management, OpenPages, Algorithmics, Cognos Integrated Server, Cognos Command Center and Datawath • Industry Experience • 15+ years in Corporate Reporting, Budget & Forecasting, Costing, Business Process Management, Internal Audit and Controls, Risk Management, Financial Analysis, Costing • 8+ years teaching Advance Finance, Advance Accounting, Public Finance and Advance Management Information Systems • Blogger in areas like Finance Analysis, Government policies, market segment
  • 4. © 2012 IBM Corporation Big Data September 9, 2014 • What is Big Data? • Big data is a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis. But it’s not the amount of data that’s important. It’s what organizations do with the data that matters. Big data can be analyzed for insights that lead to better decisions and strategic business moves. • Why is Big Data important? • As companies seek to become more data-driven, too much of the focus is being spent on capturing data and not enough on uncovering insights. The brutal truth is your data may hold a ton of potential value for your business, but it is worthless if no one is able to extract useful, timely insights from it. If you’re struggling in this area like many other businesses, it’s just going to get harder as your data continues to expand over time. The noise will get louder and the signals will become fainter. Source: Forbes
  • 5. © 2012 IBM Corporation FASB September 9, 2014 • Key Standards
  • 6. © 2012 IBM Corporation IASB (International Accounting Standards Board) September 9, 2014 • Key Standards
  • 7. © 2012 IBM Corporation IASB (International Accounting Standards Board) September 9, 2014 • Completed Standards
  • 8. © 2012 IBM Corporation BEPS September 9, 2014 t • What is BEPS • Base erosion and profit shifting (BEPS) refers to tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations. Under the inclusive framework, over 100 countries and jurisdictions are collaborating to implement the BEPS measures and tackle BEPS. • BEPS Requirement • Mandate to reporting profit by country – Source: https://www.oecd.org/ctp/beps-action-13-guidance-implementation-tp- documentation-cbc-reporting.pdf
  • 9. © 2012 IBM Corporation Risk Management September 9, 2014 • Risk Management • The total global expenditure on risk IT systems and services by financial institutions (FIs) will be $70bn during 2016. The two biggest areas for investment are in the risk governance and integration field ($22.4bn), which is being driven by compliance demands, stress test reporting obligations and risk data aggregation requirements, and financial crime risk, which follows closely behind in terms of growth, as cyber and fraud risks multiply and converge. The Chartis 2016 Global Risk IT Expenditure report aggregates all of the firm’s 2015 research to derive a global risk IT spend. The market sizing exercise by Chartis is based on a comprehensive bottom up methodology driven by thousands of demand side data points. Furthermore, the analysis has been validated by top-down data from hundreds of technology vendors and consulting firms. The report provides an overview of the risk technology market and forecasts 2016 expenditure for specific risk categories, examining the regulatory, operational and reputational drivers for different sizes of financial institution (FI) and across different regions
  • 10. © 2012 IBM CorporationSeptember 9, 2014
  • 11. © 2012 IBM CorporationSeptember 9, 2014
  • 12. © 2012 IBM CorporationSeptember 9, 2014
  • 13. © 2012 IBM CorporationSeptember 9, 2014 • Contact information • Paul Young (email: paul.young@ca.ibm.com) • IBM Close, Consolidating and Reporting, Risk and Planning Analytics • http://www.ibm.com/analytics/us/en/business/financial-reporting/ • http://www-03.ibm.com/software/products/en/planning-analytics • http://www.ibm.com/analytics/us/en/business/governance-risk- compliance/

Hinweis der Redaktion

  1. 1
  2. Source: http://www.sas.com/en_us/insights/big-data/what-is-big-data.html http://www.forbes.com/sites/brentdykes/2015/10/14/analyzing-big-data-8-tips-for-finding-the-signals-within-the-noise/#2059a3172e27
  3. 1. FASB - http://www.fasb.org/cs/ContentServer?c=Page&pagename=FASB%2FPage%2FSectionPage&cid=1176156240004
  4. 1. http://www.ifrs.org/current-projects/iasb-projects/pages/iasb-work-plan.aspx
  5. 1. http://www.ifrs.org/current-projects/iasb-projects/pages/iasb-work-plan.aspx
  6. 1. http://www.oecd.org/ctp/beps-frequentlyaskedquestions.htm
  7. 1. http://www.chartis-research.com/research/reports/global-risk-it-expenditure-in-financial-services-2016
  8. http://www.protiviti.com/en-US/Documents/Surveys/2016-Finance-Priorities-Survey-FERF-Protiviti.pdf
  9. http://www.protiviti.com/en-US/Documents/Surveys/2016-Finance-Priorities-Survey-FERF-Protiviti.pdf
  10. http://www.protiviti.com/en-US/Documents/Surveys/2016-Finance-Priorities-Survey-FERF-Protiviti.pdf