Published: 10 March 2019
ID: G00704417
Analyst(s): Finance Research Team
Accounting leaders are under constant pressure to improve efficiency of their middle-office activities without introducing governance risks. This research provides principles to help chief accounting leaders make better decisions when locating accounting’s middle-office activities.
Definitions
The Current State of the Finance Middle Office
Activity Location Decision Framework
Three Principles for Organizing Middle-Office Activities
Principle 1
Migrate Financial Statement Preparation and Close and Consolidation
Migrate Management Accounting Subprocesses
Principle 2
Principle 3
Create Joint Ownership of Activities Requiring Regional Expertise
Retain Complex External Reporting Subprocesses and Impact Assessment of Enterprise-Level Regulatory Changes
Centralize the Implementation and Management of Internal Controls
Conclusion
Recommended by the Authors
About This Research
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