Continuing with the R2R process listing from the last week, we cover the other areas of R2R, which now are closer to the CFO more than others.

  • Record to Report (continued….)
    • Fixed Assets
      • Asset Setup
      • Asset Master maintenance
      • Asset transfer recording
      • Depreciation recording an management
  • Financial Planning and Analysis
    • Financial & statutory reporting
    • Building financial KPIs
    • Tracking & reporting of financial KPIs
  • Budgeting & Forecasting
    • Budget Preparation
    • Budget Analysis
    • Forecast preparation
    • Revenue forecasting
    • Forecast Analysis
    • Budget Variance Analysis
    • Forecast Variance Analysis
    • Budget consolidation
  • Regulatory reporting & compliance
    • Compliance reporting – GAAP
    • Compliance reporting – IFRS
    • Compliance reporting – SOX
    • Compliance reporting – Others

We continue with other processes, which at times do get classified as “Record to Report”, but are usually classified separately by most of the organizations.

  • Treasury & Risk Management
    • Accounting debits, credits & transfers
    • Authorizing debits, credits & transfers
    • Cash Management & forecasting
    • Bank administration
    • Investment recording and management
    • Investment decision making
    • Debt management
    • Foreign exchange management
    • Foreign exchange conversion impact management
    • Treasury Risk Management
    • Hedging
  • Taxation
    • Tax accounting
    • Tax Audit
    • Tax compliance
    • Tax planning and analysis
    • Return processing – corporate income tax
    • Return processing – corporate sales and use tax
    • Return processing – corporate VAT
    • Return processing – employee income tax
    • Return processing – corporate excise and production