Top Reporting Challenges facing both the Private and Public Sector.pptx
1. Top Reporting Challenges
facing both the Private and
Public Sector
Senior Data and AI Specialist – Paul Young CPA
CGA
April 3, 2023
2. Paul Young CGA CPA
Senior Data and AI Expert
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and
MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – ESG and Sustainability Reporting
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: paul_young_cga@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
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Agenda • Key areas - 2023 business and legislative
trends for large enterprises
• Top mistakes by CFO
• Top 10 accounting challenges
• Accounting Standards – Segment Reporting
• Key focus areas / Accounting Rules
• Close, consolidate, and reporting solutions
• Asset management and monitoring
• ESG and Circular Economy
• Mobility and Data
• Trends and Data
4. 2023 business and legislative
trends for large enterprises
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5. Top Mistakes by CFO 1. Profits are a dream, but cash is a reality
2. Not focusing on cash flow forecasting precision within a 90-
day window and accuracy after 90 days
3. Lack of clarity & collaboration in your record-to-report
4. Month-end close process that takes longer than five
business days
5. Not having control over your order-to-cash process
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6. Top Accounting Challenges 1. Payroll errors
2. More financial analysis
3. Cyber security threats and mitigation
4. Regulatory changes and new accounting
standards
5. Financial reporting
6. Diversified accounting skills
7. Automation and AI
8. Remote work
9. Advance marketing strategies
10. Cash flow statement
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