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TechTalk Blog -- 86% of Accounting Tasks Can Be Automated With Current Technology -- Management Accountants Need to Review New Technologies

What are some of the tech skills accountants of the future will need?...We will need to start now as we move into the future of digital reporting and assurance of data that will be required by the management accountant

David Colgren's profile image


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TechTalk Blog -- UNITED AIRLINES; REPUTATION RISK; FINANCIAL DAMAGE; NON-FINANCIAL DISCLOSURE & FUTURE RISK MITIGATION

Today management accountants are also taking responsibility for managing information which includes non-financial data as well as financial data through their performance management, budgeting, corporate governance, risk management, and internal controls activities.


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TechTalk Blog - Need for Digital Assurance Services Grow As Structured Data (XBRL) Gains Momentum by Both Capital Markets & Governments For Better Decision Making

Consequently, as structured data enhances the need for reporters to control the quality of the digital disclosure of financial and non-financial information the need for digital assurance services will grow to provide that independent third-party endorsement of this data– just liked audit reports used by companies today in paper move to XBRL GLOBAL DIGITAL FORMAT… Unfortunately, the transition between assurance of paper audited reports and digital tagging data elements using structured data formats like XBRL has not happened in the marketplace and new audit and accounting professional standards ARE NEEDED AS WE ENTER INTO THE DIGITAL AGE… Management accountants can play an important role in offering new services related to digital assurances of XBRL structured data tagged documents as the demand for structured data expands into other asset classes beyond public company disclosures such as Standard Business Reporting and the use of structured data contained in XBRL Blockchain for derivatives, mortgages, municipal bond marketplace, tax, insurance, financial data contained in health/medical reporting for example… PLEASE NOTE: WE ARE IN THE BEGINNING STAGES OF USING STRUCTURED DATA IN THE WORLD OF ACCOUNTING, TAX, AUDIT AND CORPORATE GOVERNANCE



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TechTalk Blog: DATA AMPLIFIED GLOBAL CONFERENCE IN PARIS HELD ON NOVEMBER 6-8, 2017 TO DISCUSS FUTURE OF BUSINESS REPORTING & DISCLOSURE

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TechTalk Blog - XBRL ADOPTION GROWING WORLDWIDE IMPACTING MILLIONS OF COMPANIES FOR REDUCTION OF REGULATORY REPORTING BURDEN & BETTER ANALYTICS

XBRL allows management accountants to not only review their own company’s financial operation but also look at peers for data analytic comparisons and exceptions

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TechTalk Blog -- NEW LEGISLATION INTRODUCED IN CONGRESS TO MOVE XBRL ACROSS ALL US FEDERAL FINANCIAL AGENCIES FOR BUSINESS REPORTING

The IMA supports the build-out of XBRL because it allows management accountants to move away from keying data into Excel spreadsheets and move to data analytics – predictive analytics for companies they serve


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TechTalk Blog - European Financial Transparency Gateway Construction Moves Forward For Better EU Public Company Disclosures to Help Global Investors

Watch out United States EDGAR Online – the European Union is building a “next generation” -- “EDGAR-LIKE” corporate disclosure platform to be used by 28 EU member states for global investors that will be built upon BLOCKCHAIN and global financial and non-financial data access standards like...