CFO Leadership

OCTOBER 10, 2023

With the pending release of ChatGPT plugins that can do everything from browse the internet to write computer code, an array of additional functionalities such as real-time analytics, advanced forecasting, and intelligent customer service are coming in the very near future. With a large and diverse enough data set (e.g.

Accounting 95

Accounting Finance Auditing IFRS 95

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

Bramasol

JULY 31, 2023

It can quickly become unmanageable to try and handle lease contract management, lessor accounting, maintenance services, sales of consumables, revenue recognition and disclosure reporting all with different siloed software. In addition, global companies need the flexibility to comply and report according to multiple accounting standards.

Accounting 71

Accounting SAP GAAP IFRS 71

PYMNTS

FEBRUARY 5, 2020

For lenders large and small, a new accounting rule could start to tighten lending standards, with the ripple effect of perhaps making credit a bit scarcer. CECL stands for “Current Expected Credit Losses” and replaces the Allowance for Loan and Lease Losses accounting standard.

Accounting 63

Accounting Banking Forecasting CFO 63

Future CFO

OCTOBER 29, 2023

FP&A allows lenders to embrace rolling forecasts, promoting more agility as organisations make use of the availability of more timely data. Considering this, financial planning and analysis (FP&A) has been proven to become useful for effective strategy management and risk mitigation.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Risk Management Banking Accounting Standards 52

Future CFO

JUNE 22, 2022

The total cost faced by the global insurance industry to implement the accounting standard is now estimated by WTW to be US$18 billion to US$24 billion, survey report indicates. People: More than 10,000 people will be required to deliver the accounting standard in the next two to three years.

IFRS 52

IFRS Accounting Standards Valuation Accounting 52

PYMNTS

AUGUST 27, 2019

The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

Cash Flow Forecasting 60

Cash Flow Forecasting Accounting Firms Accounting Standards Accounting 60

PYMNTS

FEBRUARY 5, 2020

For lenders large and small, a new accounting rule could start to tighten lending standards, with the ripple effect of perhaps making credit a bit scarcer. CECL stands for “Current Expected Credit Losses” and replaces the Allowance for Loan and Lease Losses accounting standard.

Banking 56

Banking Forecasting CFO Concentration 56

The Finance Weekly

JANUARY 9, 2022

Environmental standards may seem like a non-urgent issue if laws haven’t been passed yet, but the CFO needs to be the reminder that these issues are imminent for budgeting, forecasting, and the overall long term vision of the company. Climate change adds another layer of volatility and uncertainty to the already shaky market.

CFO 52

CFO Forecasting Leadership Budgeting 52

Spreadym

JUNE 27, 2023

It involves forecasting, budgeting, analyzing, and reporting financial information to support strategic planning and operational decision-making. Financial Forecasting: FP&A professionals forecast the financial performance of an organization over a specific period, typically one to five years. annual or multi-year).

Financial Planning and Analysis (FP&A) 52

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

Beacon CFO Plus

NOVEMBER 30, 2023

Compliance and Reporting: The public accounting firm is primarily responsible for ensuring compliance with accounting standards, tax regulations, and external reporting requirements. The CFO should work closely with the accounting firm to provide the necessary information for audits and reporting.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

Bramasol

FEBRUARY 13, 2023

Compliance: The adoption of ASC 606 and IRFS 15 accounting standards for revenue recognition introduced new requirements for SaaS companies, particularly around the allocation of revenues and the recognition of variable consideration.

SAP 72

SAP Compliance Accounting Standards Leverage 72

PYMNTS

JULY 6, 2018

“Directors and preparers should ensure that they understand the impact of new accounting standards and have systems and processes in place to support reporting under these new standards.”. The new rules, reports explained, fall under AASB 15 and AASB 9 regulations.

Accounting 41

Accounting Auditing Accounting Standards Compliance 41

Future CFO

APRIL 18, 2022

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Finance 52

Finance IFRS GAAP Accounting Principles 52

Bramasol

SEPTEMBER 8, 2024

Enhanced Compliance : Facilitates adherence to accounting standards and regulations, reducing the risk of non-compliance and associated penalties. The subscription is mapped into a provider contract in CBRR and the billing forecast into a billing plan for the scheduled billings from Subscription Billing.

SAP 59

SAP General Ledger Compliance Accounting Standards 59

CFO Leadership

OCTOBER 18, 2023

With the pending release of ChatGPT plugins that can do everything from browse the internet to write computer code, an array of additional functionalities such as real-time analytics, advanced forecasting, and intelligent customer service are coming in the very near future. With a large and diverse enough data set (e.g.

Accounting 52

Accounting Finance Auditing IFRS 52

The Finance Weekly

APRIL 28, 2024

This not only transforms financial tasks like reporting, budgeting, and forecasting but also lightens the load for the IT department. It has real-time automated reporting to get all of your P&L, Balance sheet, Cash flow, budget, and forecast data in a simplified and efficient manner.

Financial Planning and Analysis (FP&A) 52

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

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

CFO Share

MARCH 14, 2022

Audited financial statements focus on compliance with GAAP accounting standards, whereas Quality of Earnings reports focus on the company’s earnings history and potential. What is the difference between a quality of earnings report and an audit?

Auditing 52

Auditing GAAP Accounting Principles Profit and Loss 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.

Financial Planning and Analysis (FP&A) 52

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

The Charity CFO

MAY 11, 2023

There is no one size fits all solution. When determining your needs, be sure to consider what your complete financial package looks like and where you might need some help.

Nonprofit 52

Nonprofit Communication Accounting Auditing 52

The Finance Weekly

OCTOBER 31, 2021

Ideally, you'll be able to assign financial responsibilities to contributors and managers within your NPO, updating plans and forecasts frequently to stay on track. Master the basics of accounting. Standard accounting and financial management might be complex for nonprofits.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

BlueLight

JULY 30, 2020

After hiring a finance leader, the accounting firm is usually retained to handle book keeping while the finance leader focuses on financial forecasting and strategic planning. The new accounting standards aim for international alignment on how companies recognize revenue from contracts with customers. Recruiting ?—?Startups

CFO 52

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

CFO Talks

OCTOBER 1, 2024

The conversation about the underinvestment in intangible assets in South Africa, and the challenges of accounting for these assets (due to subjective accounting treatments), directly impacts how CFOs approach financial reporting. We also build forecasts and automate analytical systems for companies. IFRS, US GAAP).

Leverage 52

Leverage Investments Economics Accounting 52

Musings on Markets

JANUARY 9, 2021

One reason is that these businesses are not only not required to publicly disclose their financial details in most parts of the world, but often follow more malleable accounting standards, making the data less reliable and comparable.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

CFO News Room

FEBRUARY 6, 2022

BlackRock regularly makes demands such as these of its portfolio companies, requiring them to meet the standards of its “sustainability accounting standards board.”. After the proxy battle, Exxon plans to keep oil output at the lowest level in two decades, a 20% decline from prior forecasts.

Investments 100

Investments Accounting Standards Economics Treasury 100

Barry Ritholtz

MARCH 21, 2023

RITHOLTZ: Right, ASNESS: Compared to any forecast or trailing version of inflation and doing that consistently through time, bonds were about tied with giving you the least they’ve ever given you. But we don’t trade on a 10-year forecast. But imagine you have a forecast. This is a 5 to 10-year view. RITHOLTZ: Right.

Profit and Loss 69

Profit and Loss Valuation Forecasting Investments 69