0      0


CFO23SS03 - Regulatory Complexity and the Convergence of Direct Tax and Financial Close Processing, presented by Wolters Kluwer


‐ May 12, 2023 7:50am

Traditionally, tax processes have been treated separately from financial reporting processes, resulting in data silos and a lack of visibility into the tax implications of financial transactions. As regulatory change and scrutiny increases and becomes more complex the need for integrated tax and financial accounting systems becomes more pressing. Integrating tax-related data and processes into the financial close and consolidation process helps ensure that tax-related data is accurate and consistent with financial reporting requirements. This “Convergence” includes incorporating tax data into financial statements, automating tax calculations, and streamlining tax reporting processes, resulting in process efficiencies, reduced risk and shorter compliance cycles.


Learning Objectives:

  • Assess potential impact/s of Global Minimum Tax regulatory changes
  • Determine how single platform accounting system’s integrative capabilities eliminate data silos, improving the FC&C, Direct Tax and FP&A functions under the purview of the CFO

Speaker(s):

Category:

Concurrent Session (Onsite and Online)

You must be logged in and own this session in order to post comments.