Financial close, consolidation, and reporting - （金融密切整合,和报告）.pdf

Financial close, consolidation, and reporting Leveraging process alignment and Oracle Hyperion EPM Tools Deloitte Consulting LLP 11 Today’s finance organizations face multiple priorities that include the oversight of financial transactions, management of enterprise performance, attestation of financial reporting, and timely close and consolidation of financial data. As they grapple with these issues, Chief Financial Officers (CFOs) are always seeking ways to increase the efficiency and timeliness of their financial close and compliance processes. However, merely improving the speed of the financial close process is not enough. There is a competing demand for improved financial governance and increased transparency and reliability of data. The pace of regulatory change also continues to increase as a result of the current economic challenges as well as on-going regulatory initiatives such as the mandate of eXtensible Business Reporting Language (XBRL) as the reporting standard format and the likely move to International Financial Reporting Standards (IFRS). Finance organizations need to proactively manage the challenges of data quality and prepare for new regulatory requirements to avoid creating a “perfect storm” for their financial close and consolidation processes. Over the last decade, the financial reporting landscape has seen “Finance organizations need to significant change. Finance executives face mounting pressure proactively manage the to increase the accuracy of financial reporting while decreasing turnaround time. Costs are being highly scrutinized as the challenges of data quality and longest recession in U.S. history continues. Regulatory agenci