CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Accounting 95

Accounting Finance Auditing IFRS 95

Future CFO

FEBRUARY 10, 2025

The discussion on Environmental, Social, and Governance (ESG) has not died out, as it only became more relevant within the Finance department, as the global conversation around it continues to evolve.

Investments 52

Investments Education Accounting Standards Communication 52

CFO Talks

FEBRUARY 25, 2025

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.

IFRS 52

IFRS Financial Reporting Compliance Accounting Standards 52

PYMNTS

JANUARY 10, 2019

According to IFAC, incorporating accountants and finance departments in a firm’s risk management strategy can be a critical component of helping businesses understand that risk management is not only about avoiding risky situations, but also aiding in the development of business strategy and identifying opportunity.

Finance 74

Finance Risk Management Auditing Accounting Standards 74

VCFO

NOVEMBER 1, 2023

Assessing Accounting For entities preparing GAAP compliant financial statements, adoption of Revenue Recognition Standard (ASC 606) and Lease Accounting Standard (ASC 842) is now mandatory. The post Strategic Finance Focus at Year-End appeared first on vcfo.

Finance 88

Finance Strategic Planning Auditing CFO 88

PYMNTS

MARCH 6, 2019

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. In the U.K., In the U.S., But researchers warn that corporates continue to find ways to hide the bad news.

Corporate Finance 55

Corporate Finance Finance Accounting Standards Accounting Principles 55

PYMNTS

DECEMBER 12, 2019

Securities and Exchange Commission is turning its attention to a lack of transparency within corporates’ investor disclosures as more businesses use supply chain financing. Reports in Bloomberg Tax this week said SEC Corporation Finance Deputy Chief Accountant Lindsay McCord spoke Tuesday (Dec. Rising Criticism.

Finance 58

Finance Accounting Standards Corporate Finance Auditing 58

The Charity CFO

APRIL 20, 2023

In today’s digital age, technology has revolutionized almost every aspect of business operations, including accounting and finance. For-profit companies have long used accounting software to track their financial transactions and monitor their bottom lines. Some tools may also provide forecasting based on historical data.

Nonprofit 98

Nonprofit Accounting Accounting Standards Budgeting 98

CFO Talks

JANUARY 7, 2025

Starting as an engineering graduate with a curiosity about business finance, Morgan transitioned into the world of accounting and finance, where he has built an impressive career spanning leadership roles at renowned organizations like KPMG, United Bank for Africa, and Africa Finance Corporation. Earn CPD credits also.

CFO 52

CFO Leadership Financial Analyst Finance 52

The Finance Weekly

MARCH 28, 2022

What's behind it, and why should CFOs and finance leaders care about it? Continue reading to learn what ESG reporting is, what's new with ESG reporting standards, why Finance teams should care, and the five benefits of aligning ESG and financial reporting. But CFOs and Finance teams are now starting to become involved.

Finance 52

Finance Auditing Accounting Standards IFRS 52

Future CFO

APRIL 18, 2022

Finance organizations regularly face the challenges of meeting strict deadlines and satisfying data quality requirements for closing the books and delivering accurate financial statements. It enables finance teams to automate and accelerate the financial close with minimal IT support. DOWNLOAD NOW.

Finance 52

Finance IFRS GAAP Accounting Principles 52

Bramasol

MAY 13, 2024

Research and Thought Leadership : The AICPA conducts research and publishes reports on emerging trends, best practices, and thought leadership topics relevant to the accounting profession. Why Should You Care?

Auditing 84

Auditing Compliance SAP Accounting Standards 84

Bramasol

JANUARY 27, 2023

In 2018, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced the release of new accounting standards, ASC 842 and IFRS 16, that redefined how organizations must account for leases.

Compliance 80

Compliance IFRS SAP Accounting Standards 80

Fpanda Club

SEPTEMBER 2, 2021

The growing variety and complexity of tasks within the finance function has resulted in the creation of a discipline that is supposed to become a bridge between the finance and business to support decision-making process by leveraging data and technology. This relates to FP&A which stands for financial planning and analysis.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Forecasting 130

The Charity CFO

MARCH 20, 2025

Audits check whether your financial statements comply with accounting standards. Get our FREE GUIDE to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances. They review transactions, but they dont investigate them. Fake employees and vendors?

Nonprofit 52

Nonprofit Auditing Accounting Standards CFO 52

CFO Thought Leader

JULY 31, 2024

Read More Going forward, a decision by White to specialize in finance, rather than following the traditional rotation between operational and financial roles, was initially met with skepticism inside the military. Early in his career, it was suggested that his focus on finance could limit his promotion prospects.

Finance 52

Finance General Ledger Education Accounting Standards 52

CFO Talks

JANUARY 22, 2025

With over two decades of professional experience spanning finance, accounting, and leadership, Henk’s journey began in high school, where his passion for numbers was ignited by managing his own small business and assisting with his fathers bookkeeping. 2021) Head of Finance, Darling Romery (Pty) Ltd and subsidiaries.

CFO 52

CFO Leadership Manufacturing Auditing 52

CFO News

DECEMBER 22, 2024

Indian Railways has fully transitioned to accrual-based accounting for the 2023-24 fiscal year. This shift, supported by the ICAI, enhances transparency, facilitates access to green financing and aligns with international accounting standards.

Accounting 40

Accounting Finance Accounting Standards 40

CFO Leadership

OCTOBER 18, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Accounting 52

Accounting Finance Auditing IFRS 52

PYMNTS

APRIL 29, 2020

Accounts receivable at many businesses continue[s] to grow as their customers hold onto cash,” Jason Brodmerkel, CPA, AICPA senior manager, Accounting Standards, said in the announcement. Providing liquidity for accounts receivable would help encourage growth and investments in business.”.

Finance 57

Finance Accounting Standards Treasury B2B 57

The Charity CFO

JULY 28, 2022

All nonprofit accounting rules in the United States are defined and codified by the Financial Accounting Standards Board, or “FASB”. Back in 2016, FASB revised its rules related to accounting for leases, which impact any contract to rent property or equipment that lasts more than 12 months.

Nonprofit 98

Nonprofit Accounting Accounting Standards CFO 98

PYMNTS

OCTOBER 25, 2019

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct. As the letter notes, U.S.

Finance 40

Finance GAAP Compliance Accounting Standards 40

Centage

JANUARY 18, 2022

Users can define the formulas and flow as they please, which means they can inadvertently violate your business logic and/or established accounting standards. A modern FP&A solution with pre-programmed business logic and accounting rules prevents users from making such mistakes. Finance at the Speed of Business.

Budgeting 111

Budgeting Forecasting Financial Planning and Analysis (FP&A) General Ledger 111

PYMNTS

AUGUST 1, 2018

Trade finance is a critical part of cross-border trade, particularly for small businesses. The explosion of different kinds of trade finance enables businesses to address multiple areas of cash flow gaps for both buyers and suppliers, all with the same goal: keep the global trade gears turning. Defunct U.K. Defunct U.K.

Finance 40

Finance Mergers and Acquisitions (M&A) Invoicing Accounting Standards 40

PYMNTS

JANUARY 2, 2020

The Big Four auditing firms have also recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are considered debt.

Data Analysis 71

Data Analysis Accounting Standards Auditing Invoicing 71

Future CFO

MARCH 8, 2023

At the conclusion of the FutureCFO Excellence Awards 2023, we spoke to Tay Siang Leng , CFO for QBE Asia and asked him what he thought were the three (3) most challenging aspects of being a finance leader in 2022. (1) By most accounts, the global economy is heading for a slowdown in 2023. Build a diverse team and listen actively.

CFO 98

CFO Communication Economics Finance 98

Bramasol

FEBRUARY 18, 2025

Toward this end, Bramasol places a heavy emphasis on our consultants continuing to hone their skills with specific training and certification for SAP solutions in our key focus areas, such as quote-to-cash, subscription billing, revenue recognition, lease accounting, finance, S/4HANA Cloud ERP, and SAP's ongoing AI initiatives.

SAP 60

SAP Problem Solving Communication Accounting Standards 60

CFO Leadership

DECEMBER 17, 2021

Second, our data suggests that finance managers are less likely than others to be taking actions that would help them manage through the skills shortage. Measuring Stress Among Finance Managers In this research, as in all of our research, we strive to get a significant sample of respondents from finance departments.

Leadership 83

Leadership CFO Finance Education 83

VCFO

JULY 22, 2022

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward.

Accounting 75

Accounting Accounting Standards Economics Advertising 75

PYMNTS

JUNE 4, 2020

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant. In the U.S.,

Accounting 52

Accounting Accounting Standards Cash Flow Forecasting Compliance 52

PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). “In many ways, they are.”

Accounting Standards 46

Accounting Standards Compliance Accounting Corporate Finance 46

CFO News

MAY 31, 2024

Pandey's remarks come as the NFRA plans to engage with large listed companies to promote accounting standards and curb corporate frauds. This regulatory outreach is part of efforts to protect retail stock investors, a focus highlighted by Finance Minister Nirmala Sitharaman.

Auditing 45

Auditing Accounting Standards Communication Finance 45

PYMNTS

DECEMBER 16, 2016

In a survey conducted by the Institute of Management Accountants (IMA), and sponsored by Blackline, titled “Process Automation in Accounting and Finance,” examining the attitudes and concerns of 750 financial professionals surrounding accounting and month-end closing processes, manual activities remain prevalent — at the cost of time and money.

IFRS 74

IFRS Reconciliations GAAP Accounting Standards 74

Bramasol

SEPTEMBER 29, 2023

According to a PwC 2022 Global Digital CFO Survey , 73% of CFOs agree that digitalization of the finance function is a high priority and already 18.5% Globalization CFOs have long needed to assure compliance with two different standards-setting bodies. The first is the Financial Accounting Standards Board (FASB) in the United States.

Technology 89

Technology IFRS SAP Compliance 89

PYMNTS

MAY 3, 2019

The International Accounting Standards Board established the new lease accounting rules because previous lease accounting practices limited investor and analyst visibility into company finances without leases included on the balance sheet, reports explained.

Accounting 49

Accounting Accounting Standards Benchmarking Financial Reporting 49

The Charity CFO

APRIL 13, 2023

Accounting Standards In the United States, all organizations must adhere to the Generally Accepted Accounting Principles (GAAP). For nonprofits, however, there is an additional and specific set of standards that organizations must follow, as set out by the FASB 117. Reach out to us here for a free consultation.

Nonprofit 52

Nonprofit Accounting Standards Compliance Budgeting 52

The Charity CFO

JANUARY 21, 2022

If you’re looking for info on fund accounting in government here is a great resource for you. Both Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) 116/117 require at least a minimum level of fund reporting, so you’ll need it in order to pass an audit.

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98