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Cross-Listed Companies, Navigating International Reporting Standards 

CFO Talks

For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.

IFRS 98
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Seizing opportunities in finance

Future CFO

Given the advent of artificial intelligence and machine learning, the accounting profession faces challenges in talent as it continues to navigate its way around digitisation and shifts in the market. This transformation is an intertwined act of two complimentary forces: Sustainability and Technology," Abrol explains.

Finance 104
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Members’ Profile: Rofhiwa Irene Singo

CFO Talks

How do you handle professional challenges? For newly qualified accountants aspiring to become CFOs, mastering technical skills early on is essential. When you’re young, focus on deeply understanding the core accounting principles, financial reporting, and regulatory compliance.

CFO 95
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The Dual Purposes of Accounting and Fundraising Software

The Charity CFO

Modern nonprofit leaders are always looking for ways to use technology to make everyday tasks easier. One of the most sought-after tools is a platform or software to integrate your fundraising and accounting data seamlessly. Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance.

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The Talent Tussle: Labor Shortage Hits CPAs and CFOs Alike

Global Finance

And they typically boast a deep understanding of accounting principles, analysis, and business strategy—essentials in guiding an organization toward its goals. Indeed, it’s hard to make accounting sexy when “Instagram influencer” is a viable career option. There’s just one problem, Bokhari says: “We’re competing with glamour.”

CFO 105
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Revenue Recognition for Nonprofits: 4 Mistakes to Avoid

The Charity CFO

All these sources must be carefully managed to ensure compliance with Generally Accepted Accounting Principles (GAAP) and guidelines. Revenue recognition is an accounting process of properly identifying when income has been earned. Your organization’s accounting method really impacts the timing of recognizing transactions.

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Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

They prepare the income statement, balance sheet, and statement of cash flows using the accrual accounting method. Familiarity with Generally Accepted Accounting Principles (GAAP) is essential. Tier 3: Advanced Accounting This tier is most relevant for funded or revenue producing startups.