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From creation to dissemination, disclosure management should streamline the reporting workflow and facilitate collaboration with stakeholders, all while adhering to accounting standards, rules and regulations.
Your reports are getting done. But when it comes to quality, are your internal and external documents on the leading edge of disclosure? Learn where disclosure research fits in and how you can parallel efficiency and quality.
With disclosure integrity top of mind, here we discuss the significance and value of automation, consistency and peer analysis and comparison in your external reporting processes.
These resources are for executives like you. Wondering who’s doing what, where and, most importantly, why? Learn from your peers and model your own business after best practices.
From daily, weekly and monthly performance reports to ad hoc immediate requests, there’s no shortage of internal documents for any finance professional. Follow these reporting practices to effectively communicate intelligence internally.
eXtensible Business Reporting Language (XBRL) is a computer-readable language designed to provide more consistent financial information and comparison abilities for investors and analysts.
Follow regulated standards, analyze peer documents, minimize risk and streamline your reporting processes. Don’t just follow best practices - create them by reading these featured resources now.
To us, the moment you realize you need to submit a report is the moment the Disclosure Management Cycle comes into action. Disclosure management is more than plugging numbers into a report; it’s the very process that will entice investors and inevitably ensure your business’ growth and success.
From internal controls, to data input, to formatting submissions and more, disclosures evolve with enhanced financial reporting practices like outward modeling and peer analysis. In optimizing the Disclosure Management Cycle, you optimize your organization’s growth.
Your company has worked hard to produce results. Communicate them best with these practices and resources.
You’re under reporting deadline pressure, there’s no one around to collaborate with and you have to adhere to a new accounting standard. Now what?
This is where disclosure research fits in.
Compiling benchmarks, facilitating team intelligence in a single source and reviewing early adopters of new standards are processes that set the best reports apart from the rest. Not only does disclosure research contribute to quality reporting, but it also saves time that can be better allocated to strategic decision making.
It’s no secret that every filer wants to eliminate low value, high risk, time consuming tasks when it comes to external reporting. But the reality is that many professionals still face common obstacles. These range from redundant manual processes, inconsistent data across multiple reports, inefficient research practices, no access to accounting standards and little to no security, audit trails and controls.
But there are opportunities to increase control and reduce risk in your reporting cycle. And if you’ve got the will, then we’ve got the way.
Read on for knowledge on how to streamline and ensure the success of your external reports.
When every report is filed with ease and quality top of mind, disclosure everywhere is improved – making for healthier markets and informed decisions. We’re focused on revolutionizing financial reporting and helping you create disclosures of the highest quality.
These resources focus on what the best finance leaders are doing to elevate their efficiency. While exploring how today’s leaders are staying on top of new regulations, mandates and best practices, you too are provided with meaningful guidance on how to stay on the leading edge.
Board packages, budget books and management reports are just a few internal documents that require regular maintenance. Internal reports are used to update significant stakeholders like executive management and your company’s board.
Critical to strategic decision making and executive forecasting, internal reports guide the trajectory of your company. And when they’re done right, they make you look really good. That’s why the importance of internal reporting practices can’t go understated.
With the SEC’s mandate to protect investors, maintain market integrity and facilitate capital formation, companies know that disclosure requirements constantly evolve in order to accomplish the SEC’s mission. And in 2011, the SEC began requiring public companies in the U.S. to file their statements in an XBRL format in addition to filing their standard Form 10-Ks and 10-Qs. XBRL is intended to pave the way towards simplified transparency and comparison abilities for investors and analysts.
Though the intentions behind XBRL entirely align with the SEC’s mandate, the journey to XBRL compliance has not been simple for most companies. Extension tags, outsourcing, transparency and SEC repercussions: filers today are not only tasked with XBRL integration but they’ve also been burdened with separating the knowledge from the noise when it comes to XBRL trends.
As filers continue to integrate XBRL into their financial reports, the SEC is simultaneously taking a firmer stance on XBRL compliance, meaning that companies will likely be subject to more severe penalties for noncompliance.
Now more than ever, filers need to look to market trends as beacons for evolving their reporting workflows to keep current with best practices.
XBRL compliance is a non-negotiable for U.S. companies; but how compliance is achieved is up for discussion. Read on for resources that explore best practices when it comes to cost-savings, XBRL analytics and how to file quality disclosures faster.