Digital Financial Reporting

Blackline has published a special addition book, Modernizing Accounting for Dummies. (If that link does not work, try this). This is a description of the book provided by the book:

Modernizing Accounting For Dummies provides a road map to help you move to modern accounting. After reading this book, you’ll understand the benefits of making the switch, as well as strategies to drive finance automation.

Modern accounting is an evolutionary process rather than a revolution. The book points out, "It’s a journey to automate, rethink, and rework ever more processes over time, using data as your guide, technology as your tool set, and people as your change agents."

There are three pillars to modern accounting: 

• Applying purpose-built automation
• Adopting Continuous Accounting
• Moving to a unified, collaborative process

 Enjoy! I refer to this as Computational Professional Services.  Here is the standards-based automation method I am using.

One thing that I would point out here is that Blackline is a proponent of Lean Six Sigma, see Get Lean on page 28 (PDF page 33).  I have been promoting the use of Lean Six Sigma's principles, philosophies, and techniques for years.  See this document.  My area of study for my MBA was Lean Six Sigma (at the time it was called World Class Manufacturing Techniques).