CFO Talks

SEPTEMBER 30, 2024

This is not just an accounting issue; it’s a symptom of a broader problem that threatens our ability to compete in the global economy. At the heart of this issue is IAS 38 , the international accounting standard for intangible assets, which may be doing more harm than good for South Africa’s economic ambitions.

Accounting Standards 98

Accounting Standards Economics IFRS Auditing 98

CFO Talks

JANUARY 7, 2025

Take courses and certifications in evolving or emerging areas in information technology, strategy and accounting. For example, whenever there is a release of a new accounting standard impacting your industry, go for training on such a standard. Continuous development and relevance are key. Earn CPD credits also.

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CFO Leadership Financial Analyst Finance 52

Future CFO

DECEMBER 31, 2021

This could involve investing in tools and technologies that help their F&A employees execute work tasks and better manage their time, whether it be automation for repetitive, time-consuming tasks, or collaboration tools that help teams find more productive and enjoyable ways to connect.

Leadership 98

Leadership Finance GAAP Forecasting 98

PYMNTS

JUNE 10, 2019

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.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

CFO Leadership

OCTOBER 10, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. For instance, could financial statements generated by ChatGPT withstand audit scrutiny? Whether ChatGPT applications could pass a SOC-1 audit, a crucial certification for control over financial reporting, remains to be seen.

Accounting 95

Accounting Finance Auditing IFRS 95

PYMNTS

DECEMBER 16, 2016

A key part of business life is getting the books closed on time, with clean financial reporting that allows a high-level and granular view of what needs to be done next. But technological advances mean that there can be better integration between the two, he said.

IFRS 74

IFRS Reconciliations GAAP Accounting Standards 74

The Finance Weekly

MARCH 28, 2022

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. However, following the recent COP26 conference in 2021, there is now a push for a global standard.

Finance 52

Finance Auditing Accounting Standards IFRS 52

Bramasol

MARCH 24, 2022

A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? From a global perspective, the International Sustainability Standards Board (ISSB) is also working on developing uniform financial reporting rules.

Accounting 76

Accounting SAP Analyzing Data IFRS 76

Future CFO

SEPTEMBER 24, 2023

Manish Modani , CFO at RDC Concrete (India) , discusses what fuels the newfound appreciation for financial expertise hence the observed evolution to the CFO role. However, their responsibilities extend beyond financial management. Over the past few decades, the role of the CFO has undergone a remarkable transformation.

CFO 52

CFO Accounting Standards Manufacturing Compliance 52

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.

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

The Charity CFO

OCTOBER 9, 2024

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. For nonprofits, GAAP ensures transparency, accuracy, and consistency in financial statements.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

The Charity CFO

NOVEMBER 10, 2022

As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit. Governance issues, tight regulations, and high public accountability standards mean strong accounting practices are more important than ever.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

CFO Leadership

OCTOBER 18, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. For instance, could financial statements generated by ChatGPT withstand audit scrutiny? Whether ChatGPT applications could pass a SOC-1 audit, a crucial certification for control over financial reporting, remains to be seen.

Accounting 52

Accounting Finance Auditing IFRS 52

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. The financial close process is crucial for ensuring accurate and reliable financial reporting.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

The Charity CFO

AUGUST 15, 2023

This challenge is most often felt in in-house accounting positions, especially in the nonprofit sector. Outdated workplace: Technology isn’t the wave of the future, it’s an essential element in today’s workplace. Accountants typically work closely with external auditors during the annual audit process. Get the free guide!

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

The Finance Weekly

OCTOBER 31, 2021

Coronavirus (COVID-19) served as a wake-up call for several financially unstable non-profits. There are numerous concerns, but many of them are simple to address, and technology may play a significant part in assisting you in doing so. At the very least, you must have transparent financial reporting.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

The Charity CFO

DECEMBER 15, 2023

Recording Revenue for Nonprofits Donations and Contributions When recording donations for your nonprofit, technology is your best friend. Why use technology to track donations? A strong in-kind donation recording system will help you stay in compliance with accounting standards for in-kind contributions.

Nonprofit 52

Nonprofit Compliance Valuation CFO 52

Spreadym

JUNE 27, 2023

This includes analyzing revenue and expense trends, profitability, cost drivers, key performance indicators (KPIs), and financial ratios. Compliance and Regulation: Financial Planning and Analysis ensures compliance with financial regulations, accounting standards, and reporting requirements.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Financial Analysis Budgeting 52

The Charity CFO

NOVEMBER 30, 2023

You’ll likely want to ask your nonprofit accountant to help you set up your accounting systems so you know they’re correct from the start. Revenue recognition is even more complicated than ever thanks to the changes in how FASB (Financial Accounting Standards Board) now requires nonprofits to record donations.

Nonprofit 52

Nonprofit Auditing Compliance Education 52

Future CFO

NOVEMBER 2, 2020

Jurisdictions in APAC lag significantly behind the adoption of technology to streamline and simplify processes. For example, 70% of jurisdictions in South America mandate electronic transaction reporting, yet this is only the case for two jurisdictions in APAC (15%) – India and South Korea.

Compliance 40

Compliance IFRS GAAP Accounting Principles 40

CFO Talks

OCTOBER 1, 2024

Role of Data and Technology: The potential of data as a strategic business asset, but underutilization in South Africa due to regulatory and economic barriers. Comparisons between South Africa and other countries, where open data initiatives and technology sectors are more advanced. Why is this important for CFOs? IFRS, US GAAP).

Leverage 52

Leverage Investments Economics Accounting 52

BlueLight

JULY 30, 2020

The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting. The interviews were conducted starting March through July 2020.

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CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

Planful

JUNE 3, 2021

Finding ways to overcome these hurdles is critical since consolidated financial statements hold much power. Investing in innovative technology, such as a cloud-based planning and consolidation platform, gives your finance teams the support they need for financials. The solution?

Compliance 40

Compliance Reconciliations Currencies Finance 40

CFO Talks

DECEMBER 26, 2021

The way you would do that is obviously through technology, so there’s a big focus area for CFOs. We expect the same will happen locally, there are a lot of listed companies in South Africa getting loans and credit from the PIC and soon the PIC will also start requiring these types of reports.

CFO 40

CFO Profit and Loss Finance Accounting 40

CFO Talks

JANUARY 27, 2025

Scenario planning, diversification, and embracing technology like AI are vital strategies. Financial leaders must combine human-centered skills with strategic foresight to thrive in uncertain times. In the whole of Africa, that’s what we contribute to the funds that set the standards that we all use to apply financial statements.

CFO 52

CFO Auditing IFRS Accounting 52

CFO Talks

MARCH 12, 2025

New regulations, technologies, and trends emerge, affecting businesses, investments, and financial decision-making. Additionally, financial technology, artificial intelligence, and automation are transforming the industry, making it even more critical to adapt and expand your expertise.

Finance 52

Finance IFRS Compliance Financial Modeling 52