CFO Leadership

OCTOBER 10, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. 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.

Accounting 95

Accounting Finance Auditing IFRS 95

CFO Talks

OCTOBER 2, 2024

Chinese Study highlights limitations on IAS 38, accounting for intangible assets A recent study from China highlighted the limitations of IAS 38 —the International Accounting Standard that governs intangible assets—and its impact on innovation, particularly in high-tech industries.

Accounting 98

Accounting CFO Economics Accounting Standards 98

Bramasol

JULY 31, 2023

This new post provides a deeper look at how the leasing of medical equipment along with other bundled services or products presents particular challenges for meshing contracts and lessor accounting with DSE management and revenue recognition. For revenue recognition, they also must comply with ASC 606 and IFRS 15. billion by 2032."

Accounting 69

Accounting SAP GAAP IFRS 69

Bramasol

NOVEMBER 8, 2021

As the world has become more serious about mitigating climate change and the issue of corporate responsibility moves to the forefront, ESG reporting is now shifting toward a more rigorous approach that is increasingly based on accounting disciplines and auditable practices.

Compliance 76

Compliance Accounting SAP IFRS 76

Bramasol

JUNE 25, 2024

The role of enterprise level CFOs has changed radically over the past decade with both a widening scope of influence and greater responsibilities for helping guide corporate transformation programs and technology choices. Sweeping changes in the enterprise technology landscape have also been a key driver in expanding the role of CFOs.

Compliance 55

Compliance Financial Planning and Analysis (FP&A) Accounting SAP 55

Bramasol

MARCH 24, 2022

This important issue was previously explored last year in Are You Ready for "Carbon Accounting" Compliance? A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? ISSB was established by the IFRS Foundation in response to the Glasgow COP 26 conference in November 2021.

Accounting 75

Accounting SAP Analyzing Data IFRS 75

PYMNTS

JUNE 10, 2019

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

CS Lucas

NOVEMBER 29, 2023

The Need for Specialized Technology Solutions To address this pressing need, treasury teams are relying on CS Lucas Treasury Management System’s dedicated syndicated loan modules. Let’s explore some of the key capabilities of CS Lucas: 1. Management and auditors gain on-demand reporting.

Technology 52

Technology Treasury IFRS Compliance 52

Bramasol

SEPTEMBER 26, 2022

For example, shipments of goods are typically billed based on weight, size and distance and customers that maintain subscription accounts with carriers can receive discounts on their shipping costs. Railway freight services are turning to new technologies for tracking, efficiency and flexibility.

Transportation 80

Transportation SAP IFRS Compliance 80

Future CFO

OCTOBER 27, 2020

New report Accounting & tax: the global and local complexities holding multinationals to account analyses and ranks 77 jurisdictions based on the complexity of their accounting and tax laws and practices. Source: TMF 2020.

Accounting 52

Accounting IFRS Auditing GAAP 52

CFO Leadership

OCTOBER 18, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. 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.

Accounting 52

Accounting Finance Auditing IFRS 52

PYMNTS

DECEMBER 16, 2016

In a survey conducted by the Institute of Management Accountants (IMA), and sponsored by Blackline, titled “Process Automation in Accounting and Finance,” examining the attitudes and concerns of 750 financial professionals surrounding accounting and month-end closing processes, manual activities remain prevalent — at the cost of time and money.

IFRS 74

IFRS Reconciliations GAAP Accounting Standards 74

Bramasol

JULY 26, 2024

As the SAP partner with the most revenue recognition implementations and deepest involvement in the ongoing refinement of solutions such as SAP Revenue Accounting and Reporting (RAR) and Automated Revenue Management solutions, Bramasol can help you navigate the most complex RevRec scenarios.

SAP 79

SAP IFRS GAAP Compliance 79

CFO Talks

SEPTEMBER 5, 2024

Choosing the Right Software and Technology Selecting the appropriate financial software is a critical decision. Moreover, your system must be designed to comply with relevant financial regulations and standards, such as the International Financial Reporting Standards (IFRS), Generally Accepted Accounting Practice (GAAP), and local tax laws.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

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

Bramasol

SEPTEMBER 12, 2022

Although the initial compliance phase for ASC 606 and IFRS 15 revenue recognition mandates is in the rear-view mirror for most companies, it's important to also keep a focus on the road ahead because optimization of overall RevRec processes across the enterprise will be key to ongoing success. Freeze periods on time-based POBs.

SAP 76

SAP IFRS Compliance Invoicing 76

Future CFO

MAY 1, 2024

A career “Expectation for a controller continually evolves,” according to Giselle Arellano-Geronimo , vice president – head of finance, accounting & procurement (controller) at Shearwater Health , and the winner of the 2024 FutureCFO Controller of the Year Award.

Leadership 98

Leadership IFRS Finance Communication 98

Simply Treasury

SEPTEMBER 9, 2020

However, CFF’s ought to be consolidated (in IFRS format) at least quarterly, with a monthly review, with forecasts going forward to at least the end of the current financial year and with a subsequent review to explain the variances and to instil forecasting discipline. For many, CFFs are simply a sort of budget revision exercise.

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

CFO News Room

JANUARY 18, 2023

The question of whether a company is making or losing money should be a simple one to answer, especially in an age where accounting statements are governed by a myriad of rules, and a legion of number-crunchers follow these rules to report profits generated by a firm. The numbers yield interesting insights. .

Marketing 130

Marketing Hurdle Rate Investments Accounting 130

Future CFO

MAY 29, 2024

The Association of Chartered Certified Accountants (ACCA) released a guide for the preparation of sustainability report that helps all involved, especially professional accountants, paving way for better business.

Finance 52

Finance IFRS Risk Management Accounting 52

Bramasol

FEBRUARY 29, 2024

In combination with the SAP Business Technology Platform, the core cloud ERP has access to a wide range of applications and third-party extensions that help clients differentiate their businesses with technologies such as machine learning, process automation and artificial intelligence (AI), such as Joule.

SAP 58

SAP IFRS Compliance Leverage 58

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 125

Valuation Profit and Loss Accounting Investments 125

CFO Talks

SEPTEMBER 26, 2024

Complex Reporting Standards: Adhering to both International Financial Reporting Standards (IFRS) and local regulations can complicate financial reporting. For SMEs, the IFRS for SMEs standard simplifies reporting but still requires thorough understanding and application.

IFRS 52

IFRS Compliance Auditing Financial Reporting 52

Bramasol

NOVEMBER 13, 2023

For example, at Bramasol we made a decision over a decade ago to focus on SAP finance solutions for the office of the CFO, with a specific emphasis on the new revenue recognition compliance requirements in ASC 606 and IFRS 15. For more on alternative approaches, read the next section.)

SAP 72

SAP General Ledger IFRS Compliance 72

Musings on Markets

FEBRUARY 27, 2022

Measuring Profitability The question of whether a company is making or losing money should be a simple one to answer, especially in an age where accounting statements are governed by a myriad of rules, and a legion of number-crunchers follow these rules to report profits generated by a firm. The numbers yield interesting insights.

Hurdle Rate 98

Hurdle Rate Investments Accounting Entertainment 98

CFO Talks

JULY 16, 2024

Held over two days, this year’s event focused on the expanding roles of CFOs in forecasting, planning, and strategic decision-making, highlighting the importance of technological advancements in driving business innovation.

Leadership 52

Leadership CFO IFRS Strategic Planning 52

Future CFO

NOVEMBER 2, 2020

China’s financial environment is the region’s most complex, followed by Vietnam, South Korea, Malaysia and Indonesia, according to TMF Group’s report titled Accounting & tax: The global and local complexities holding multinationals to account. However, APAC and EMEA take a much more localised approach.

Compliance 40

Compliance IFRS GAAP Accounting Principles 40

Planful

JANUARY 19, 2016

When I was a staff accountant back in the mid-1980s, I remember spending many nights and weekends working to close the year-end books. Of course, the technology we were using to collect and consolidate financial results back then was pretty arcane. Life is so much easier for accounting and Finance staff now with today’s technology.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

Future CFO

MAY 15, 2023

Business perspective: Why managing Inflation is important and how smart technologies can help Inflation has become a major concern for businesses and individuals alike, with the rate of inflation reaching its highest level in 40 years. In the past, stand-alone business technologies lived in siloes, and data was hoarded.

IFRS 52

IFRS SAP Accounts Payable Compliance 52

Musings on Markets

OCTOBER 19, 2021

The first is that technology has made it possible to collect more granular data, and on more dimensions of business, than ever before in history, and to report that data. 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 93

Profit and Loss Accounting Numbers Valuation 93

The Finance Weekly

JANUARY 31, 2022

Effective practices in this indispensable aspect of business can be defined by 4 categories; personal leadership, technological leadership, operational understanding, financial competency and strategic capacity. Technological leadership. 5 Leadership Competencies for CFOs 1.

Financial Planning and Analysis (FP&A) 52

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

Bramasol

DECEMBER 13, 2021

They also need to address compliance requirements such as revenue reporting under ASC 606 and IFRS 15, which are still required but can be more complex for DSE business models. 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

CFO Talks

JUNE 8, 2022

In a new paper looking at the future of sustainability reporting standards, the authors found that the next 12 to 18 months are likely to result in some of the most significant innovations in corporate accounting and reporting we have seen in decades.

CFO 52

CFO IFRS Education Auditing 52

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

Planful

FEBRUARY 21, 2017

But thanks to technology, the process need not be such a stressful and painful affair anymore. It usually begins with the collection of financial results from multiple systems, divisions, and subsidiaries with each having their own charts of accounts and business practices. Complexities of the Financial Close.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

The Finance Weekly

JUNE 17, 2024

Overview of Planful Planful is a cloud-based software designed to empower finance, accounting, and business users with a range of financial applications. One Size Does Not Fit All – Generic AI technology solutions often fail to meet the specific needs of finance. Planful addresses these challenges with Predict.

Financial Planning and Analysis (FP&A) 52

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

Planful

SEPTEMBER 6, 2021

Let go of spreadsheets—error-prone, inefficient, and often hindering—and move toward technology that allows you and the shareholders to trust the numbers. The company’s leadership used fake holdings and off-the-books accounting practices to deceive regulators. Create Detailed, Transparent Reports.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40