Mike Whitmire > CEO & Co Founder, FloQast
CFO Magazine Australia » Accounting
by Richard McBride | Editor
3M ago
“I love building software that helps accountants go home early” is the simple opening line on Mike Whitmire’s LinkedIn profile. Mike is former Accountant turned co-founder & CEO of pre-IPO fintech, FloQast. On a global mission to automate the accounting industry and make CFO and controllers’ lives easier by reducing monotonous and time-consuming tasks, streamlining processes, and empowering employees to focus on strategic initiatives and planning. CFO Magazine A/NZ Editor, Richard McBride sat down with Mike recently to discuss the exponential growth of FloQast, launching into Australia &am ..read more
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Performing month-end close in less than day > It can be done!
CFO Magazine Australia » Accounting
by Kate Jones
3M ago
Most finance teams take an average of five days to perform the month-end process, but it can be done in just one day and can prove it… As an attendee at the recent online Australian CFO Summit, hosted by Weel and supported by CFO Magazine A/NZ. I had the opportunity to hear from Tyler Caskey and Daniel Foo of TheBeanCounters present a highly entertaining and insightful step-by-step guide on how to master the ‘fast close’ to save time and avoid closing day stress. Here are my top takeaways: Day one month-end. Can it really be done? Imagine the time savings when month-end can be finalised in jus ..read more
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Simplifying statutory financial reporting with content-driven technology
CFO Magazine Australia » Accounting
by Nina Hendy
3M ago
Statutory financial reporting, often referred to as the “last mile” of record-to-report processing, is complex. It must consider stringent regulatory requirements. This ties statutory reporting to local or – jurisdictional nuances. The documents created through this process – underpin business reports and other processes such as corporate tax and transfer pricing. But the slightest statutory financial reporting mistake can even put brand reputation at risk. Increasing demands from stakeholders and regulators make the process more challenging than ever. Without the right technology capabilities ..read more
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Why ASIC’s Proactivity Should Have CFOs on Edge
CFO Magazine Australia » Accounting
by Tom Ravlic
3M ago
A look down the list of the Australian Securities and Investment Commission’s web site’s public statements indicates the corporate plod is actively chasing down people it believes are failing to comply with company law in areas that should matter for Chief Executives and Chief Financial Officers. The reason the regulator’s proactivity should matter is that each enforcement action undertaken by the regulator is not just a sanction applied to a specific fact pattern but also a message to the marketplace that certain principles in law matter. Take the lodgement of financial statements with the co ..read more
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Setting the Standard
CFO Magazine Australia » Accounting
by Tom Ravlic
3M ago
Dr Keith Kendall, Chairman | AASB By Tom Ravlic Dr Keith Kendall has been the Chairman of the Australian Accounting Standards Board for almost 12 months and only now is it a job that is starting to look even remotely normal. The coronavirus lockdown has meant that the chief of the body that sets accounting standards has spent more time removed from his team than engaging with it face to face. Kendall came to standard setting following a career that included stints as a barrister, a specialist tax lawyer, an academic and a tax adviser at Deloitte. He began his new job after lockdowns began in M ..read more
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