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He guest blogs at Oracle, IBM, HP, SAP, SAGE, Huawei, Commvault, Equinix, Cloudtech. He has hit 3000 blog posts for the AWS blog in 2018. Helen Yu – Founder, CEO and Board Director of Tigon Advisory Group, Fortune 500 Advisor, Keynote Speaker, IBM Top 10 Global Thought Leader in Digital Transformation, Top 50 Women in Tech.
In 2018, Microsoft launched Microsoft Dynamics 365 Business Central or Microsoft D365BC, a new Cloud-based ERP solution designed to replace previous versions of the software. Out-of-the-box reporting tools for Microsoft D365BC are not built to be finance-friendly, and often customizations are required for operational reporting.
In 2018, the Financial Accounting Standards Board (FASB) simplified many of the questions surrounding the valuation of such assets and liabilities by issuing ASC 820, also known as the Fair Value Measurements and Shareholding Disclosure. Equity shares in privately held companies, in contrast, can be somewhat challenging to assess.
In fact, a recent Gartner report on cloud expenditure found that cross-industry cloud spend has risen from 8% as a percentage of total IT spend in 2018 to 16% in 2022. Finance teams, like yours, are expected to offer meaningful input on cloud investments. Worldwide spending on public cloud services is expected to grow by 21.7%
Microsoft discontinued development of NAV in 2018, and mainstream support ended in 2023. Maintain data integrity: Preserve the accuracy of your financial data. It’s often perceived as a time-consuming and expensive process that disrupts day-to-day operations. However, delaying the migration is no longer an option.
Many CFOs spend their time dealing with the business-as-usual finance tasks and putting out fires. Furthermore, a 2018 Gartner report found that half (56%) of the time executives and their teams spend on strategy is wasted. Figure 1 CFO Evolution Survey Report, Armanino LLP, 2017 All rights reserved.
but GASB follows IASB in making all leases finance leases GASB 87 does not allow for operating leases as does the FASB. The survey also asked what steps organizations have taken to implement GASB 87, and most of the respondents have read the standard but only a few had implemented it using software.
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