FP&A: How does your company handle accruals?
I'm curious as to how your company handles month end close, specifically accruals vs. actuals? Seems like most companies use SAP or Oracle.
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I'm confused by this question. Are you asking what GL technologies companies use during their close, applications used for reporting( e.g. Hyperion, Essbase) or the process for which they review actuals vs accruals.
Similar topic, how do companies true up their accrual vs. actual. Is this automated (SAP recognizes an invoice has been received for and updates the GL accordingly) or is a manual effort.
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