The growing convergence of finance and tax

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Posted by AccountingWEB in Tax, Sales & Use Tax, Accounting & Auditing on 02/22/2010 - 01:21

Corporate tax and financial executives are finding that the tax impact of both actual and forecasted financial results is now a key point of integration between finance and tax. Facing closer SEC scrutiny of financial reporting of income taxes and related internal controls, along with talent shortages, tax and financial executives need solutions that can help them work together to get the job done.

By tightly integrating Enterprise Resource Planning (ERP) financial applications with enterprise tax solutions, companies like Vertex have been successful in reducing operational complexity of managing the global tax process with the result of building tighter integration between financial and tax data.

Read how this process works in the whitepaper, The Growing Convergence of Finance and Tax - and What it Means for the Future of Tax Technology, provided by Vertex Inc.

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Amidst a certain amount of controversy, the AICPA and the Chartered Institute of Management Accountants have launched a new designation for global management accountants, the CGMA (Chartered Global Management Accountant). The designation is available to members of both organizations.
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Gail Perry, CPA
Editor-in-Chief, AccountingWEB
editor@accountingweb.com


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