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GASB guidance aims to improve government financial reporting

Accounting Today

The Governmental Accounting Standards Board released an updated standard to improve some of the main components of the financial reporting model for state and local governments.

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Majority use AI in financial reporting, auditors expected to review use

Accounting Today

A KPMG survey found 72% of companies are using AI in their financial reporting process to some extent, and executives expect auditors will start examining controls around the technology.

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Majority of organizations now use AI in financial reporting

Accounting Today

A recent poll of finance leaders has found that the majority of organizations now use AI in at least some of their financial reporting process.

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Finding and fixing the most common financial reporting mistakes

Accounting Today

Garbage in, garbage out — and sometimes garbage in between: Figuring out where these errors come from is critical for you and your clients.

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Mastering Retained Earnings Calculations For Financial Reporting

Invoicera

This post will discuss the critical role of retained earnings in financial reporting, a company’s profitability, and growth opportunities. This value becomes the beginning retained earnings for the next period, continuing the financial management and reporting cycle. Invoicera is a super helpful tool for businesses.

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Financial reporting made easy for NGOs

Plooto

Like Thames Valley Health Care Team, today many non-governmental organizations (NGOs) face challenges in financial reporting. Government entities and grant makers enforce stringent requirements for reporting and data integrity, which nonprofit organizations must fulfill in order to maintain funding.

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External financial reporting definition

Accounting Tools

What is External Financial Reporting? External financial reporting includes financial statements , financial summaries, and related disclosures that are issued to users outside of a reporting entity. What are External Financial Reports?