Bramasol

SEPTEMBER 8, 2024

SAP Universal Revenue Management (SAP Universal RevRec) is a cutting-edge solution engineered to elevate and simplify the complexities of revenue recognition. Enhanced Compliance : Facilitates adherence to accounting standards and regulations, reducing the risk of non-compliance and associated penalties.

SAP 59

SAP General Ledger Compliance Accounting Standards 59

Bramasol

JANUARY 9, 2023

Since the release of new lease accounting standards ASC 842 and IFRS 16 in 2018, companies have taken a variety of approaches to comply, but many are now aiming to optimize their lease accounting processes for efficiency and long-term manageability.

SAP 88

SAP Accounting IFRS Reconciliations 88

Bramasol

MAY 13, 2024

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. 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 86

Auditing Compliance SAP Accounting Standards 86

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 81

Compliance IFRS SAP Accounting Standards 81

Bramasol

JULY 31, 2023

In addition, global companies need the flexibility to comply and report according to multiple accounting standards. For leasing, this means International Accounting Standards Board’s (IASB’s) IFRS 16 and US GAAP Financial Accounting Standards Board’s (FASB’s) ASC 842.

Accounting 72

Accounting SAP GAAP IFRS 72

Bramasol

SEPTEMBER 29, 2023

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. Just last week, SAP announced Joule, a natural-language, generative AI copilot that will transform the way business runs.

IFRS 91

IFRS Technology SAP Compliance 91

Bramasol

JUNE 10, 2022

Ideally, companies need to have accounting systems that can both adapt to different regulations and seamlessly provide visibility and analytic capabilities across the entire enterprise. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger. Inventory Accounting (MM and ML).

Accounting Principles 81

Accounting Principles IFRS SAP Accounting 81