The close process is uniquely stressful for the accounting professionals that do the work. It takes the pressure of an inflexible deadline and adds the need for complete accuracy. Even worse, there is the risk of severe business consequences if either factor is missed. Closing the books is such a critical task that even non-accountants know the expression. Knowing where […]

The finance function and CFOs are at a crucial turning point due to market developments, regulatory changes, business strategy shifts, and technological advancements. They have a choice: stick to traditional accounting, reporting, and auditing practices or transform their role into a vital driver of business success, growth, agility, and resilience. The decisions made by CFOs will determine whether finance functions […]

The world of accounting and finance is undergoing a rapid transformation driven by technological advancements. In this whitepaper, four key technology trends are highlighted for CFOs and accounting professionals to consider as they strive to stay ahead of the curve. By embracing these technology trends, finance professionals can revolutionize their roles and add value to their organizations. It’s time be […]

For successful businesses, the Accounting department is the operational backbone, delivering insights to help leaders understand where the company stands, what — if any — changes need to be made, and what the past can tell them about the future. To get to that point, however, Controllers need to walk a tightrope between ensuring sound tactics and building a strategic […]

The talent crisis and constant pressure to do more with less have accounting departments in flux, and an uncertain economic environment is exacerbating these pain points. In the fourth installation of Controller’s Guidebook, FloQast, in partnership with the University of Georgia, invited a diverse group of accountants to dream about how the profession might be different if they were in […]

It’s safe to say that most Controllers see the end of the month as a stressful time. The accounting monthly close can be hectic, high pressure, and often feel chaotic no matter how much effort–or how many hours–you put in. Closing can be complex, but it doesn’t have to be difficult. You can make your month-end smoother and less stressful […]

Burnout in the accounting profession has been measured with academic approaches never-before-applied in the industry. FloQast, in partnership with the University of Georgia, analyzed survey data from a diverse group of accounting professionals to understand what’s causing burnout, how it impacts both business outcomes and personal lives, and what steps can be taken to create a roadmap for the future.

We asked ChatGPT, “Can you tell me 5 things to watch out for when accounting for intercompany transactions?” and followed up with “What steps should I take to ensure my company is ASC 842 compliant?” Its answers are instructive for companies considering adopting AI and machine learning techs — and for those that are not. Download our guide to see […]