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multi-territory financial reporting Caribbean

What actually happens on day one.

Owners expect a transition to be a technology event. It is not. The first day is about custody, authority and cut-off — and the handovers that fail almost never fail at the ledger. IN SHORT Day one establishes three things and nothing else matters until they exist: who may approve what, from what date the...

Every territory has its own tax. The group should still read as one set of numbers.

Local compliance is genuinely local and cannot be harmonised away. What can be harmonised is everything underneath it — the chart, the definitions, the cut-off and the eliminations. Most groups have it the other way round. IN SHORT A multi-territory group has to file locally under local rules, in local currency, to local deadlines. That...

What a finance function is supposed to produce, and how often.

What should a finance department deliver monthly? Finance is the only function in most businesses with no defined output. This article sets out the full schedule — daily, weekly, monthly, quarterly and annual — with what each item is for, and the reader test that removes everything on the list which nobody actually uses.  IN...

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