This article provides an overview of the following EU-Directives: CSRD: Corporate Sustainability Reporting Directive, NFRD: Non-Financial Reporting Directive and SFDR: Sustainable Finance Disclosure Regulation. These directives of the EU foresee non-financial reporting (ESG-reporting) at a much larger scale (i.e. for more companies and with additional information). The directives will give consumers additional ESG information in… Continue reading SFDR – CSRD – NFRD – What’s it about?
In a Small-Medium Enterprise (SME) several accounting and financial-related tasks are typically headed by the Finance Manager. Whereas in large corporates these tasks are separated under different responsibilities, in SME’s these are often bundled in the Finance Department. The Finance Department of a SME is therefore often composed of these departments: Accounting, Controlling, Treasury, IT… Continue reading Finance Department Organization in SME’s
Contracts govern nearly every aspect of day-to-day life in ways one may not even realize. From accepting the Terms and Conditions of an app on our smartphones to haggling over prices at a neighborhood yard sale, contracts are a fundamental part of modern life. We’ll explain what are the benefits of a written contract vs… Continue reading When a verbal agreement doesn’t cut it
Today’s accounting department must not only deal with the collection of financial information, but has to deal with non-financial information, controlling, IT and process topics to demonstrate that valid, meaningful actual and planning data can be provided to various stakeholders. The increasing complexity should lead to more transparency, but accounting departments have to adapt to… Continue reading Accounting Trends for International Businesses
While the coronavirus massively spread across various regions globally, the main focus for retailers is to limit the pandemic’s impact on both the employees and customers. As essential service providers, you are forced to adopt new guidelines and protective protocols according to local and state directives. In most regions around the world, the retail sector… Continue reading Retailers Health Measures to Protect Employees
Financial services quickly embraced new technology because its use in generating value was readily apparent to investors and customers. Gathering information in real-time and timing transactions based on the steady flow of information helps financial industry players and customers at same time. A big industry: AI for Insurers and Lawyers. Impact for Insurers The insurance… Continue reading AI-Impact for Insurers and Lawyers
The term glocal, used to describe global and local actions together, is used in several ways by business today. Many people supporting the local movement, such as local food advocates and those proposing ways to use local business for community building, suggest that some business activities should always consider transportation to the end market, including… Continue reading Managing the global and local supply chain