Improving financial reporting in shared services company of a multinational bank

Financial reporting is a much more complex process in a multinational bank like us due to the consolidation of financial data for all our branches overseas, while taking into consideration the regulatory requirements and scrutiny. It is important for us, a shared services company of a multinational...

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Main Author: Rivera, Ma. Stella Sophia
Format: text
Language:English
Published: Animo Repository 2018
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Online Access:https://animorepository.dlsu.edu.ph/etd_masteral/5470
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Institution: De La Salle University
Language: English
id oai:animorepository.dlsu.edu.ph:etd_masteral-12308
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spelling oai:animorepository.dlsu.edu.ph:etd_masteral-123082021-03-04T01:40:18Z Improving financial reporting in shared services company of a multinational bank Rivera, Ma. Stella Sophia Financial reporting is a much more complex process in a multinational bank like us due to the consolidation of financial data for all our branches overseas, while taking into consideration the regulatory requirements and scrutiny. It is important for us, a shared services company of a multinational bank, to ensure the timeliness and accuracy of our financial reports in order to protect the stability, continuity and reputation not only of our bank, but also our stakeholders, which include shareholders and employees. I, in collaboration with colleagues, conducted this action research to address the pain points in our financial reporting processes. The main issue is delayed and inaccurate financial reports for the Asia branches, which we prepare, as the shared services center of a foreign bank. By using the action research methodology and tools such as the ORJI, Ladder of Inference, and other related methods, our Finance team collaborated during the two research cycles to improve the efficiency and effectiveness in our financial reporting. Our interventions focused on effective communication of the financial reporting procedures and the training of accountants to streamline and improve the joint consolidation of country branch regulatory reports for faster delivery and quality submission of financial reports. 2018-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/etd_masteral/5470 Master's Theses English Animo Repository Banks and banking Financial statements
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
language English
topic Banks and banking
Financial statements
spellingShingle Banks and banking
Financial statements
Rivera, Ma. Stella Sophia
Improving financial reporting in shared services company of a multinational bank
description Financial reporting is a much more complex process in a multinational bank like us due to the consolidation of financial data for all our branches overseas, while taking into consideration the regulatory requirements and scrutiny. It is important for us, a shared services company of a multinational bank, to ensure the timeliness and accuracy of our financial reports in order to protect the stability, continuity and reputation not only of our bank, but also our stakeholders, which include shareholders and employees. I, in collaboration with colleagues, conducted this action research to address the pain points in our financial reporting processes. The main issue is delayed and inaccurate financial reports for the Asia branches, which we prepare, as the shared services center of a foreign bank. By using the action research methodology and tools such as the ORJI, Ladder of Inference, and other related methods, our Finance team collaborated during the two research cycles to improve the efficiency and effectiveness in our financial reporting. Our interventions focused on effective communication of the financial reporting procedures and the training of accountants to streamline and improve the joint consolidation of country branch regulatory reports for faster delivery and quality submission of financial reports.
format text
author Rivera, Ma. Stella Sophia
author_facet Rivera, Ma. Stella Sophia
author_sort Rivera, Ma. Stella Sophia
title Improving financial reporting in shared services company of a multinational bank
title_short Improving financial reporting in shared services company of a multinational bank
title_full Improving financial reporting in shared services company of a multinational bank
title_fullStr Improving financial reporting in shared services company of a multinational bank
title_full_unstemmed Improving financial reporting in shared services company of a multinational bank
title_sort improving financial reporting in shared services company of a multinational bank
publisher Animo Repository
publishDate 2018
url https://animorepository.dlsu.edu.ph/etd_masteral/5470
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