Preparing for the year ahead: Close, audits, and regulatory reporting

For finance teams, the start of a new year is busy. Year-end close, audits, and adapting to the changing regulatory reporting requirements for the year ahead, just to name a few. And that’s on top of the day-to-day processes and tasks that you need to accomplish.?

As your organization grows, the time and complexity to stay on top of processes and regulatory reporting changes only increases. But it can be daunting and time consuming if you’re not prepared with the right resources and tools to support you through it.??

We’ve curated our latest and greatest content on regulatory reporting and financial close to help you navigate the year ahead. Check it out!??

?? How to prepare for regulatory reporting changes, year-end close, and audits in 2024

Hear from Chris Porter, Director of Product Marketing at Prophix, and Stephen Lathrop, Managing Director at UHY Consulting as they dive into how you can get – and stay – ahead of the regulatory reporting changes and close and audit processes to tackle this year with confidence. Watch the full webinar on-demand or catch a preview clip below.

In Europe or the United Kingdom? Catch this webinar live with Alain Delvaux, Vice President of EMEA Sales at Prophix, and Michiel van den Nieuwenhuijzen, Partner at Deloitte on February 22, 2024 at 1pm CET.??

?? GAAP vs IFRS: What’s the difference??

While GAAP isn’t a requirement for non-public companies, many banks and lenders require GAAP compliant financial statements to evaluate, identify trends, and make evidence-based decisions. IFRS has the same purpose, but also details how to maintain records and reports of inventory and income. So, what is the advantage of GAAP or IFRS compliant financial statements for non-required companies? And what do these standards mean for you and your business as you plan for the year ahead? Read the full blog post to find out.

?? 7 ESG report examples for finance teams?

ESG reporting is changing the way businesses plan and report on their environmental, social, and governance impacts. For finance teams, how should you prepare for ESG reporting – even if it’s not mandatory? There’s a lot to know—from frameworks and standards, to setting objectives and writing reports. Are you prepared for ESG reporting? Check out our latest blog post for a deep dive. ??

?? The perfect month-end close checklist for finance teams?

If there’s one thing about month-end close, it’s that it’s predictable. It happens every month. But is your process efficient? And is your month-end close process streamlining your year-end close? This is where our 10-step checklist comes in. Check out the benefits and best practices for month-end close and how to tackle it efficiently and effectively in our blog post. ? ?

?? 5 best practices for strategic financial planning and analysis ?

2024 is the year for proactive and strategic planning. But what best practices can you use as your guide? It starts with data-driven planning, cross-functional communication, accountability, and what-if scenario planning – but that’s just the tip of the iceberg. Watch the video to get the full scoop on how you can make 2024 your best year yet for strategic FP&A.?

Ready for more content to help you get ahead for 2024? Check out the Prophix blog for more resources.??

Do you have insights or best practices to share for regulatory reporting or month-end close? Comment below, share this newsletter with a friend, and subscribe to #BeyondTheNumbers for the latest finance insights and innovation.?