Back in May 2019, the market told us what Thomas Cook accountant’s and financial reports were not prepared to say, “According to Citigroup, Thomas Cook’s tour operations and airline are worth £738m, but its debt is around the same “and implies zero equity value”.
It was effectively worthless, and so were the financial reports that went with the “material uncertainty” statement and £1.5bn half year loss.
So is this the death knell for traditional financial reporting, or do we carry on regardless?
Continue reading “Why the end of Thomas Cook is one step closer to the end of Accounting”
“Digital is the new normal.”
In this paper, Deloitte explores several core factors which organisations should consider when looking to improve their digital maturity levels – digital leadership, the structure of the digital enterprise and digital talent. It includes interviews with business leaders and several case studies, used in order to understand which practices are being adopted in thriving digital businesses today.
Continue reading “Building your digital DNA: Digital transformation in progress”
Written by Johannes Vogel
Business Partners, digitalization is hot – many value-creating innovations are fast becoming available.
To get the most out of this innovation, consider checking some “basic” aspects of your finance processes, organization and systems.
Continue reading “Getting the basics right for Finance Transformation: seven steps to start the today”