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The Role of IFRS in Simplifying Cross-Border Financial Reporting 

CFO Talks

Being IFRS-compliant means that a company follows a set of internationally recognised accounting rules when preparing its financial statements. These rules, set by the International Accounting Standards Board (IASB), are designed to make financial reports clear, comparable, and reliable.

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US Eases New Banking Rule On Reporting Bad Loans

PYMNTS

1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). Bank regulators have rolled back the Jan. National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

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California CPAs Call For Crypto Accounting Clarity

PYMNTS

Reports in The Block Crypto late last week said a group of California CPAs has sent a letter to the Financial Accounting Standards Board, a federal board that sets Generally Accepted Accounting Principles (GAAP), requesting that it consider establishing a task force to address a lack of clarity in cryptocurrency accounting standards.

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IBM Cognos Controller: Financial close management managed by the office of finance

Future CFO

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Finance 52
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Universal RevRec - The Next Breakthrough in SAP Revenue Recognition Unification

Bramasol

Enhanced Compliance : Facilitates adherence to accounting standards and regulations, reducing the risk of non-compliance and associated penalties. With Universal Parallel Accounting, you can benefit from the flexibility of the parallel ledgers not only in General Ledger Accounting but also in various subledgers.

SAP 58
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The Future of Syndicated Lending Demands Specialized Technology

CS Lucas

This covers volumes, rates, currencies, compliance terms, documentation, counterparties, jurisdictions , timelines, and associated analytics. Accounting Compliance Specialist tools guarantee lending treatments comply fully with evolving IFRS accounting standards. Management and auditors gain on-demand reporting.

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Libor: This APAC country sets up a steering committee to deal with transition

Future CFO

Libor is the rate at which banks can borrow from each other, for up to a year, in dollars and other currencies including sterling, Swiss francs, yen and euro. The accounting standard body said that it will assess if further changes to its standards are necessary once it has clarity about what the new rates are.