Discover why the outsourcing industry will remain a driving force in the Philippine economy. Read the article below, based on Aira’s technical session, ‘Business Outsourcing Outlook in 2023,’ at the Accounting Week Celebration (AWC) 2023: Spotlight on Commerce and Industry.
In today’s business landscape, managing working capital efficiently is vital. Extending payment terms can strain suppliers and harm buyer-supplier relationships. To address this, we need to fix our supplier finance programs. These programs foster collaboration between buyers, suppliers, and financial institutions to streamline payments and enhance liquidity management. By adhering to ASU 2022-04, we ensure transparency in financial reporting, paving the way for a more sustainable and productive supplier ecosystem.
Cash flow forecasting for waterfall distributions is indeed vital for financial planning in the cleantech industry. By estimating cash flows over a specific period and appropriately allocating funds to debt, investors, and reserves, companies can effectively manage their finances. In this blog, you’ll discover eight clear steps that will guide you in managing your finances and meeting the necessary requirements for distributing cash flows.
LIBOR ends due to rigging allegations; SOFR becomes alternative. Transition impacts companies, requiring contract updates and posing challenges in accounting and hedging. Extension granted till Dec 2024 for necessary preparations.
To ensure smooth operations and compliance with regulations, it is crucial to prioritize accounting. Many non-profits are now considering outsourcing this function to a hassle-free accounting partner. Here are nine signs indicating that outsourcing could be the ideal solution for your organization.
The FASB has implemented changes to enhance transparency in financial reporting for Troubled Debt Restructurings (TDRs). These changes provide clearer financial information, improve transparency in statements, and contribute to greater accountability in the industry.
