From the Microsoft Dynamics 365 Finance and Supply Chain Management blogs: Financial reporting standards; Audit compliance; Fixed assets; Sales pipeline

In this week’s review of the Dynamics 365 Finance and Supply Chain Management blogs:

• D365 Finance & Operations and financial reporting standards
• Enhancing audit compliance with Dynamics 365 Finance: Introducing the audit workbench 
• Streamlining fixed assets and accounts payable integration in Microsoft Dynamics 365 Finance for energy companies
• Streamlining the sales pipeline: AI-enabled sales order processing in Dynamics 365 F&O

D365 Finance & Operations and financial reporting standards

On the CloudFronts blog, Vrushali Nawathye wrote that in today’s business world, companies have to follow specific financial reporting rules to help build trust with investors, meet legal requirements, and support global growth. 

She noted that some companies, especially those with a wider reach, may need to follow more than one set of rules, which means keeping different sets of financial records.

Nawathye stated that certain companies, such as Infosys, ICICI Bank, and TCS, listed on both Indian and US stock exchanges, must prepare financial reports following both Indian and international standards.

In her blog post, Nawathye explained how Microsoft Dynamics 365 Finance supports financial reporting standards.

Enhancing audit compliance with Dynamics 365 Finance: Introducing the audit workbench   

On the ERP SoftwareBlog, an author from Dynamics Square AU wrote that maintaining financial accuracy and keeping up with changing regulations can be a constant challenge for businesses.