General Accounting: Business Complexity Invites Cost Creep

 

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In 2017 and beyond, North American CFOs and controllers in particular will want to be on guard against a rise in manual journal entries. Coming upheavals in regulatory regimes, along with the new business extensions and changing trade patterns, are just a few drivers of major business adjustments these executives can expect. The implication is that CFOs will be battling a new wave of complexity in general accounting processes. Complexity invites manual journal entries as well as cost creep. APQC data illustrates this problem.