The Impact of Compliance on Finance Operations

Topics:
Revenue recognition,
Sarbanes Oxley Compliance
Tags:
Compliance,
Contract Management,
Finance,
Financial Services,
Operational Accounting,
Revenue Recognition,
Service Management,
Softrax
Source:
Softrax

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Overview: This paper reveals about a report that recently surveyed 118 business leaders about how they are responding to the challenges of compliance. The survey was conducted by email and all responses were on an anonymous basis. More than 85% of respondents are CFOs, Controllers, and other senior finance executives. A majority is from companies with up to $200 million in sales. Some of the key findings reveal that revenue recognition accounting and contract management and administration pose the most difficulty for establishing internal controls, and the revenue recognition, budgeting/planning, and contract management and administration systems top the list of solutions having the most potential to improve compliance initiatives.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 226KB | Date: Sep 2004 | Pages: 11

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