• Worldwide Locations   
  • AfricaAsiaAustraliaEuropeNorth and Latin AmericaSouth America
  • Home / Sarbanes Oxley

  • Sarbanes-Oxley Act

  • The Sarbanes-Oxley Act is changing the way corporations do business. Companies who are considering or implementing an advanced analytical costing solution can better comply with sections 404 and 409 of the Sarbanes-Oxley Act while deriving business value from their costing system. Companies can leverage this approach to turn a regulatory cost into a business gain that generates more value over time.

  • One of the biggest challenges faced by many companies has been reconciling their financial analysis systems with their operational analysis systems. Activity-Based Costing (ABC) systems have proven to be useful tools for corporate performance analysis and improving operational efficiencies.

  • Companies can implement Acorn's advanced costing solutions and satisfy critical elements of the Sarbanes-Oxley act in the process.

  • Acorn Systems solutions help companies achieve compliance with the Sarbanes-Oxley Act in three main areas:
  • • Documentation.
    Acorn’s implementation methodology documents and reports critical business processes using standard product functionality. Any adjustments to the process considered a material change in the business are captured as the company maintains the cost models.

  • • Internal Controls.
    Acorn’s bottom-up approach to costing provides an additional method to determine revenue, revenue adjustments, capital costs, direct costs and actual operating costs. The system can automatically report variances between operational realities and financial reporting as part of the regular result validation process implemented by most companies. All variances are analyzed and explained prior to acceptance. In many instances, the implementation of an Acorn solution consolidates data from many disparate systems.

  • • Real-Time Material Event Analysis.
    Acorn’s real-time costing capabilities help companies detect material changes in business. In addition, companies can quickly leverage current period cost analysis and capacity utilization data to actually recover from these changes.

  • Related Resources

  • SOX + ABC = Value
  • Mitchell Max, The Performax group
  • The alignment of two seemingly unrelated stars in the Finance universe is creating a new opportunity for CFOs. Recently, companies have invested heavily in documenting and strengthening controls over business processes to support improved risk management in accordance with requirements such as Sarbanes - Oxley (and, for financial services organizations, Basel II), or to support process initiatives such as Six Sigma. At the same time, a new and innovative approach to developing accurate and meaningful cost information - Time-Driven Activity-Based Costing, has been evolving which directly leverages process documentation, dramatically reducing implementation time and cost.
  • » Read Whitepaper
  • Sarbanes Oxley Act Compliance
  • Torsten Weirich, EVP of Product Development, Acorn Systems
  • This whitepaper illustrates how companies can satisfy three key requirements of the Sarbanes Oxley Act, Sections 404 and 409. Companies can leverage the solutions outlined in this paper to turn a regulatory cost into a business gain that generates more value over time.
  • » Read Whitepaper
  • Acorn Systems Provides: Risk Management Software, Sarbanes Oxley software
      • Acorns Performance Analyzer tool helps us visualize our companys cost structure in an
        easy-to-understand model with a smooth flow of expenses all
      • the way to cost objects.
      • IT Director, Global 2000
        Aluminum Company
    • Copyright 1999 - 2008     I     Acorn Systems, Inc. I     Site Map