Intuit projected that by 2020, 78% of small businesses will already be on the cloud. With this revolution, accountants’ roles are also evolving. Tasks are turned over with minimal human intervention, and time spent in doing manual bookkeeping is lessened as well. 

The roles and functions of a CFO in a company have evolved in the past decades that it’s no longer enough to have accounting expertise alone. For better CFO strategic decision-making, they should have access to better quality financial data. Besides having a strong business acumen, CFOs should also have solid data analysis skills to help them cut through the noise and make data-driven decisions.

Navigating the fast-paced changes in business processes and technology advancement, the business landscape is also becoming more vulnerable to a broad spectrum of risks. The need to respond to these emerging challenges faced by internal auditors is ever increasing, thus bringing in opportunities for the internal audit (IA) function to help them develop their assurance functions internally.

Among the member countries of the Organization for Economic Cooperation and Development (OECD), Australia ranks the sixth highest on life expectancy. Nevertheless, despite its comparatively good performance, Australia still has many challenges in the health system, such as the rising cost of the health system, responding to new health risks, and universal access to health care.

Financial statement analysis and valuation serve as a backbone for businesses to know how their finances are going. Are the funds moving in an increasing trajectory? Is it in the red? Will your existing capital help you stay afloat in the coming fiscal year? With the right financial reports on hand, you can confirm your firm’s current performance, compare it with your past year’s standing and even forecast if you can stay in the green during the next quarter. 

Setting up a medical practice can be a rewarding venture for health professionals in Australia. However, no matter how keen you are to build your practice from the ground up, the idea can be overwhelming. After all, medical schools don’t teach you how to open a medical practice.