Finance professionals were already gearing up for change, but the COVID-19 pandemic has shortened timelines and piled on the pressure.
Jacek, Sylvia and Rob dive into the listener-voted topic of global accounting and tax trends with guest Pavlo Boyko, accounting and tax global solution architect at TMF Group.
Learn how COVID-19 has impacted the accounting environment and broader business landscape, and what additional tasks are piling up on the CFO’s desk.
The team also discuss the key trends and findings of the 2020 Global Business Complexity Index.
Short on time? Skip ahead:
00:01 Intro
07:19 How COVID-19 is affecting CFOs and the finance function
14:14 Moving to a centralised finance and accounting model – pros and cons to consider
18:47 Global Business Complexity Index 2020 – what this year’s findings mean for financial compliance
25:18 Modernisation versus tradition – what old accounting practices should we let go?
28:15 Technology versus simplification – recent advancements and what’s next
32:33 How the role of the accountant is starting to merge with that of an IT professional and others
34:53 What these global accounting and tax trends mean for cross-border businesses
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