This new White Paper, ‘Managing Accounting Currency Conversion to the euro’, has, for the first time, drawn together a mass of information provided by consultants, software vendors, accountants and IT specialists on how to manage this exceptional project. It provides advice on project planning and preparation; how to analyse existing systems and decide on a conversion strategy; selecting a changeover date; identifying and scheduling resources; data conversion; the implications for specific applications, databases and reporting systems as well as testing and reconciliation. It also includes case studies from 3M and SAP as well as the first definitive opinion from a leading auditor, KPMG, on what they will consider acceptable when they assess the accounts and financial positions of companies undertaking base currency conversion.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.