CFO Talks

NOVEMBER 20, 2024

For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.

IFRS 98

IFRS GAAP Currencies CFO 98

CFO Talks

AUGUST 21, 2024

Navigating IFRS , Key Updates and Changes Introduction In today’s fast-paced financial world, staying up to date with the latest International Financial Reporting Standards (IFRS) is critical for CFOs. IFRS 16 Leases: Impact on Balance Sheets IFRS 16 has changed the way leases are recorded on balance sheets.

IFRS 52

IFRS Profit and Loss Communication Credit Risk 52

Simply Treasury

JUNE 3, 2021

Delay in FX hedging, accounting treatment. The accounting treatment of currency hedging (timing) mismatches remains a major problem that has become more acute in the wake of the health crisis. Accounting consequences of hedging adjustments. Cash-Flow Hedge (CFH) Method applied. TMS), and shifted in time.

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

The Charity CFO

JANUARY 19, 2023

Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

Musings on Markets

OCTOBER 6, 2023

The Value of Intangible Assets Accounting has historically done a poor job dealing with intangible assets, and as the economy has transitioned away from a manufacturing-dominated twentieth century to the technology and services focused economy of the twenty first century, that failure has become more apparent.

Valuation 126

Valuation Profit and Loss Accounting Investments 126

Musings on Markets

OCTOBER 19, 2021

The second is that interest groups have become much more savvy about lobbying regulatory groups and accounting rule writers to get their required data items on the required list. The second is the notion of materiality , a key component of how accountants and regulators think about what needs to be disclosed.

Profit and Loss 96

Profit and Loss Accounting Numbers Valuation 96

Bramasol

DECEMBER 13, 2021

However, as DSE moves into the next phase, it will be increasingly important for companies to refine and optimize their end-to-end DSE processes in order to maintain profitability and competitiveness. This is another subject that we've been tracking closely and have addressed in a recent blog on Carbon Accounting Compliance.

SAP 52

SAP Compliance Profit and Loss IFRS 52