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ESEF Mandate Fact Check

Interested in learning more about how the ESEF mandate will affect your process and timeline? Register for free and join the Workiva ESEF Roadshow.

The ESEF (European Single Electronic Format) is now present in the Official Journal of the European Union, and therefore law. As a result, there has been an explosion of papers, articles and blog posts (including this one).

More information is generally a good thing, but this is typically when there starts to be signs of confusion.

Digital Strategy for Statutory Nonfinancial Reporting

The disclosure of nonfinancial information is vital for managing change toward a sustainable global economy.

Managing the ESEF Mandate's Impact on Your Annual Financial Report

The 2020 ESEF mandate is likely to change the way your organisation handles annual financial reports. Implementing the right technology can boost AFR efficiency as well.

4 Current and Recent IFRS Implementations You Should Be Aware Of

For most, summer is the time of year when things slow down a bit, and holidays at the beach and picnics in the park take priority.

However, this summer has been a little busier for accounting and finance teams. There are calls for regulatory change in the audit profession. Political uncertainty is working its way into accounting estimates. Plus, organisations are in the middle of the highest number of IFRS implementations in 10 years.

3 Statutory Reporting Risks CFOs and Controllers Need to Know

CFOs and controllers of multinational companies need to trust their local entity reporting. Without the right tools and processes, local mistakes can become global concerns. See why an increase in oversight is critical.

Continuous Improvement in the Financial Close Process

You don't have to settle for "better" when what you really want is "best in class." Bring a mindset of continuous improvement to the financial close reporting process.

How to Successfully Implement Change in Your Financial Close

Change can be scary. Make it more palatable for your team by developing an action plan, testing new procedures, and fine-tuning based on their feedback.

Finding Tools to Improve the Month-End Close Process

Once you have created a financial close process flowchart, you can use it to identify risks, opportunities and the right technology for improving your process. Here is a checklist for evaluating which tools are right for your team.

Spotting Opportunities to Improve the Financial Close Process

Once you have built a flowchart of your month-end reporting process, the next step to simplifying it is to identify risks at each step. That will reveal improvement opportunities, some of which seem to come up over and over.

How to Build a Financial Close Process Flowchart

A process map or flowchart can help teams pinpoint what parts of the close process need improvement. Read how to build a process flowchart for your financial close, step by step.