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Ventana Research

Intercompany Financial Management (IFM) Self-Assessment

Page 1 Questions

Ventana Research defines intercompany financial management (IFM) as a discipline for structuring and handling transactions within a corporation and between its legal entities that is designed to maximize staff efficiency and accounting accuracy while also optimizing tax exposure, minimizing tax leakage, and ensuring consistent tax and regulatory compliance. Better execution of IFM can have a meaningful impact on the bottom line, improve financial control, and reduce reputational and other risks. The following 13 questions are designed to be a quick diagnostic for gauging your organization’s readiness – and need – for IFM.
1. 1. Which of the following best describes your title or role in your company?  *This question is required.
2. 2. Which of the following best describes your functional area of responsibility?  *This question is required.
3. 3. To what degree are you involved in your organization's intercompany accounting and financial processes? *This question is required.
4. 4. How long after the end of the calendar quarter or half-year does your company finish closing its books? *This question is required.
5. 5. How well does your company manage its accounting for intercompany transactions? *This question is required.
6. 6. How confident are you that you have full control and visibility of the regulatory and tax consequences of your worldwide intercompany processes? *This question is required.
7. 7. How much time does the accounting staff spend on reconciling intercompany transactions? *This question is required.
8. 8. How confident are you that you have full control and visibility of your worldwide transfer pricing? *This question is required.
9. 9. How confident are you that your company is not overpaying indirect taxes such as value-added tax (VAT) related to your intercompany transactions? *This question is required.
10. 10. To what degree are your intercompany accounting and close processes standardized across geographies and business units? *This question is required.
11. 11. To what extent does your company use spreadsheets to manage intercompany accounting? *This question is required.
12. 12. How well does your company handle chargebacks in its intercompany processes? *This question is required.
13. 13. How frequently does your company experience a month-end or quarter-end crunch that requires accounting staff to be reassigned to handle the spike in workload? *This question is required.
14. 14. Which of the following best describes how your company organizes its intercompany billing and payments? *This question is required.
15. 15. In how many countries does your company have operations? *This question is required.
16. 16. Including your main ERP system, how many different ERP systems does your entire corporation use? *This question is required.
17. 17. In terms of employee headcount, how large is your entire organization?  *This question is required.
18. 18. In terms of revenue, what size is your organization?  *This question is required.
19. 19. Which of the following best describes the industry in which your company competes? *This question is required.
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