The financial lifecycle of an organization is not a stand-alone activity. It includes risk management, cash management and proper financial reporting. This session will discuss these activities and strategies to simplify the process to ensure accurate reporting. As a demonstration of CMiC’s financial capabilities, the focus will be on AP workflow & trains, AR cash receipt train, financial close-out processes and reporting.
Understand how the system handles risk management, cash management along with financial close-outs (Month End / Year End) and financial reporting
Overview of the changes necessary for the financial IRFS 15 reporting framework
IFRS 15 impact on revenue recognition, how owner contracts are written and the impact of change orders