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

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. ” Meanwhile, previous research from Audit Analytics has also revealed that the number of accounting errors among the U.S.’s

Corporate Finance 55

Corporate Finance Finance Accounting Standards Accounting Principles 55

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

CFO Leadership

OCTOBER 10, 2023

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. They’re not very good at mathematics or dealing with numbers in general.

Accounting 95

Accounting Finance Auditing IFRS 95

Musings on Markets

JANUARY 5, 2024

The numbers that I computed opened my eyes to how much perspective on the high, low, and typical values, i.e., the distribution of margins, helped in valuing the company, and how little information there was available, at least at that time, on this dimension. Aggregate operating numbers 3. Insider, CEO & Institutional holdings 2.

Valuation 105

Valuation Financial Analysis Analyzing Data Profit and Loss 105

Bramasol

JUNE 10, 2022

The choice of which approach to use depends on a variety of factors such as the number of accounts or ledgers that are needed for managing multiple entities within the overall organization. Other key factors include where the company stands with regard to implementing new accounting standards (ASC 606, IFRS 15, ASC 842, IFRS, 16, etc.)

Accounting Principles 79

Accounting Principles IFRS Accounting SAP 79

PYMNTS

APRIL 15, 2020

The company’s increased loan-loss reserves also reflected the Day 2 impact of the new CECL accounting standard. In terms of headline numbers, Citi reported that first-quarter earnings came in at $2.4 It’s also continued to roll out new digitally led value propositions such as Citi Wealth Builder. billion, or $1.05 per share ($4.7

Accounting Standards 56

Accounting Standards CFO Banking Sales 56

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. How can we plan for an uncertain economy?

Budgeting 111

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

The Finance Weekly

MARCH 28, 2022

Converging ESG and Sustainability Reporting Standards There are several competing standards for ESG/Sustainability reporting including the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), Carbon Disclosure Project (CDP), and others.

Finance 52

Finance Auditing Accounting Standards IFRS 52

Fpanda Club

SEPTEMBER 2, 2021

Another important aspect to consider within the discussed topic is how exactly FP&A is different from other finance disciplines, namely accounting, corporate finance and financial control.

Financial Planning and Analysis (FP&A) 130

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

Planful

JULY 5, 2016

So for a number of years, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working to converge their guidelines for revenue recognition. In May of 2014 , the two bodies issued their converged guidance under ASC 606 and IFRS 15.

Budgeting 40

Budgeting Planning IFRS GAAP 40

Future CFO

MARCH 8, 2023

3) Legislation and regulatory changes “Within the insurance industry, we are implementing a new accounting standard, IFRS17, which represents the most major change to insurance accounting requirements in over 20 years,” he revealed.

CFO 98

CFO Communication Economics Finance 98

PYMNTS

JUNE 17, 2019

Separately, at the state level, in California , a number of certified public accountants (CPAs) are calling for an industry watchdog to clarify the standards in place for cryptocurrency-related accounting.

Accounting Standards 43

Accounting Standards Education Leadership Accounting 43

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. billion, to more than $18 billion.

Accounting 63

Accounting Banking Forecasting CFO 63

Future CFO

AUGUST 18, 2022

The number of global companies obtaining independent assurance on their ESG information increased from 51% to 58% in 2020, compared to the previous year, said the International Federation of Accountants ( IFAC ) recently. The use of, or reference to, Sustainability Accounting Standards Board (SASB) standards more than doubled in 2020.

IFRS 52

IFRS Auditing Accounting Standards Accounting Firms 52

PYMNTS

SEPTEMBER 21, 2017

“Bots like Alan will handle the traditional number-crunching and repetitive manual work, while we accountants become the analytical and strategic partners of organizations that guide companies through the increasingly dynamic nature of today’s business [world].”. “In

Accounting 45

Accounting Accounts Payable Cash Management Accounting Standards 45

Future CFO

SEPTEMBER 24, 2019

Singapore need to further digitize when it comes to accounting and tax, according to the TMF Group. While the island state has adhered relatively well to international accounting standards—a trend only seen in 21% of jurisdictions in Asia Pacific, it trails behind its Asian counterparts in digitization, TMF Group pointed out.

Accounting 40

Accounting Invoicing Accounting Standards Compliance 40

PYMNTS

JULY 6, 2018

Reports in the Australian Financial Review said the Australian Securities and Investments Commission (ASIC) has reviewed 2017 statements of 90 corporates in the country to assess their compliance to new accounting rules that came into effect on Jan. 1 of this year.

Accounting 41

Accounting Auditing Accounting Standards Compliance 41

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. billion, to more than $18 billion.

Banking 56

Banking Forecasting CFO Concentration 56

PYMNTS

SEPTEMBER 20, 2017

percent, according to the most recent numbers, and analysts were only anticipating a 0.7 Coming out of a mediocre report, the retailer noted Hurricane Harvey, restructuring costs and new accounting standards had a heavy hand on the scale for last quarter’s results. percent decline. billion, a decrease of approximately 1.7

Restructuring 40

Restructuring Accounting Standards Sales Retail 40

CS Lucas

NOVEMBER 29, 2023

This tracking covers any periodic interest or principal payments across an unlimited number of concurrent structures. Accounting Compliance Specialist tools guarantee lending treatments comply fully with evolving IFRS accounting standards. Management and auditors gain on-demand reporting.

Technology 52

Technology Treasury IFRS Compliance 52

CFO Thought Leader

MAY 21, 2023

While chief accountant for the SEC’s investment management division, Alison Staloch reports, she found herself being greeted by a degree of inclusive enthusiasm that she had seldom encountered before. The SEC Fellows Program, however, was different. “I I thought to myself, ‘Wow!—this

CFO 52

CFO Accounting Investments Accounting Standards 52

CFO Network

SEPTEMBER 9, 2022

Instead, it’s more subtle than this; malware or malicious activity can happen through something as simple a debit card number being inputted incorrectly on web pages where users aren’t aware of what they’re doing – which then leads them straight towards an electronic form of theft!

Securities 52

Securities Accounting Accounting Standards CFO 52

Spreadym

JUNE 13, 2023

It serves as a framework for organizing and classifying financial transactions, providing a standardized structure for recording and reporting financial information. In the chart of accounts, each account is assigned a unique code or number and is categorized into various groups or categories.

Accounting 52

Accounting Financial Analysis Compliance Financial Reporting 52

Planful

OCTOBER 20, 2015

As the number and complexity of these spreadsheets grow, the process soon becomes too time-consuming and tedious to do by hand. However, as the number of people who work with these spreadsheets grows, more and more errors are introduced into the data. Excel is inherently manual. The built-in formulas, templates, etc.

General Ledger 40

General Ledger Accounting Standards Auditing Currencies 40

Future CFO

NOVEMBER 5, 2023

CFOs must uphold compliance with accounting standards and take a cautious approach to accounting positions, often providing additional disclosures in situations with any potential for debate. It promptly provides trustworthy and detailed financial information, a key factor in fostering investor confidence.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Benchmarking Risk Management 52

The Finance Weekly

JANUARY 9, 2022

The Task Force on Climate-related Financial Disclosures (TCFD), and the Sustainability Accounting Standards Board (SASB) have developed platforms for climate related disclosures and sustainability accounting standards that have a high probability of being used by public organizations, and later on being integrated into private ones as well.

CFO 52

CFO Forecasting Leadership Budgeting 52

CFO Leadership

OCTOBER 18, 2023

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. They’re not very good at mathematics or dealing with numbers in general.

Accounting 52

Accounting Finance Auditing IFRS 52

PYMNTS

JUNE 29, 2018

The firm stated in its release that online accounts and data can be sold for 60 times more via the dark web and, thus, hold more allure to fraudsters than simple credit card numbers. The company said it has tripled revenues in the past year.

Startups 40

Startups Accounting Standards Valuation Treasury 40

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. Improves compliance.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

Planful

JUNE 3, 2021

Your finance team’s scrambling to gather data from the various business units within the organization, dealing with an overwhelming number of spreadsheets, and creating multiple versions of the same consolidated financial statement to comply with different regulatory bodies. It’s close time. Sound familiar? The solution?

Compliance 40

Compliance Reconciliations Currencies Finance 40

The Charity CFO

NOVEMBER 30, 2023

A missing record or inaccurate numbers make it difficult for the auditors to verify financial transactions. 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

The Charity CFO

DECEMBER 28, 2022

One way to ensure you remain within the confines of your tax-exempt status is to file and share a number of financial statements. You have a primary responsibility to your donors, grantmakers, and other stakeholders to find ways to share these statements while still following the highest accounting standards.

Nonprofit 52

Nonprofit GAAP Accounting Financial Reporting 52

CFO Talks

DECEMBER 23, 2022

That’s been quite interesting and what really instilled a love of numbers in my life. How, in your perspective, has the role of the finance department and the senior leaders within that department changed over the years to address some of the challenges that you’ve just mentioned?

CFO 52

CFO Manufacturing Finance Accounting 52

Musings on Markets

JANUARY 9, 2021

In closing, I also want to dispense with the notion that data is objective and that numbers-focused people have no bias. Finally, it is worth noting that, notwithstanding the travails of last year, the number of firms in the data universe increased from 44,394 firms at the start of 2020 to 46,579 firms, a 4.9%

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

CFO Talks

APRIL 11, 2022

Marsh Africa operates in seven African countries and Michelle is responsible for a number of different teams across the African continent. I think the accounting profession is not just about numbers anymore, I think it goes further than that. I want to get your take on that. Absolutely, I think definitely life-long learning.

CFO 40

CFO Leadership Communication Accounting 40

CS Lucas

FEBRUARY 10, 2020

Troubling numbers, given that business-partners are a valuable resource. Suppose new accounting standard requires certain position to use a different basis of valuation. Treasury accountant should be able to go to the equivalent of an “app store” where he can find the appropriate app for this purpose. C) Why not Apps?

Treasury 40

Treasury Accounting Standards Valuation Finance 40