With the upcoming already extended deadline for the adoption of ASC 842, the new lease accounting standard in the US, many companies who have already adopted are struggling with managing the accounting under the new standard in spreadsheets or because they already chose a standalone software but are not happy with the results due to a lack of integration, causing reconciling issues or reporting inaccuracies.

The demands on corporate treasury departments are driving constant change. Requirements for increased accountability, better monitoring and improved performance means treasury leaders need to constantly upgrade their technical expertise, reduce costs and mitigate uncertainty. Treasurers also need to cope with the growing complexity of financial instruments, volatile financial markets and the introduction of new regulations and accounting practices.

Last year and this year we've all been doing our fair share of binge watching as there's been plenty of content to keep us occupied.

This week's "Friday Big So What" episode focuses on Practice, along with a discussion of following points:

• What makes a good Practice?
• What a Practice is?
• Five areas of Practice.

This week's "Friday Big So What" episode focuses on Agility, along with a discussion of the six key factors for managing agile projects for optimal results.

This week's "Friday Big So What" episode focuses on Predictability, with a quick look at why it's important, how it can put people at ease, and a review of what's entailed with creating it.

This week's Friday Big So What episode looks at "Possibilities" and how you can make them reality by leveraging concepts such as Design Thinking, The Art of the Possible and Zero-Based Design approaches.  Learn how you can turn the current disruptive environment into real opportunities for change in order to maximize your possibilities in the post-COVID new normal.

Each Friday, I'll be sharing a new "Big So What" episode, which consists of a short (5 minute) discussion of observations on human behavior and directly relates these perspectives to real world challenges in optimizing your finance and business decisions.

This week's episode looks at "Choice" with a peek into how we can become blocked by too few choices or paralyzed by too many!

The latest Association for Financial Professionals^® (AFP) 2019 AFP Risk Survey - The Evolving Treasury Ecosystem, examines the challenges that companies are facing regarding their treasury operations, with an emphasis on how they are looking to leverage new technologies.

Today’s CFO is bombarded with buzzwords and talk about the latest and greatest trends in corporate finance. The typical finance professional is usually occupied with more practical considerations. Buzzwords aren’t high on the agenda when some new regulatory control is fighting for your attention or you’re busy keeping an eye on the bottom line.

Still, those buzzwords and trends persist. It’s little wonder that finance pros are confused by it all.

Here are a few such terms you might have heard of:

1. Predictive accounting – using accounting to predict revenue.
2. Machine learning in finance and accounting.
3. Robotic Process Automation (RPA).

It’s natural to ask whether any of this matters. Is it worth devoting mental bandwidth to these new trends?

This post is a summary of why I think these trends may be relevant to you, and how getting onboard now can help you add long-term value to your organization.