Future CFO

JULY 3, 2024

Integrated financial sustainability reporting is here In June 2023 the International Sustainability Standards Board (ISSB) issued its first two IFRS Sustainability Disclosure Standards, IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures.

Finance 59

Finance IFRS Quantitative Data Communication 59

CFO Talks

SEPTEMBER 5, 2024

Whether it’s streamlining financial reporting, enhancing data accuracy, or ensuring compliance with South African regulatory standards, clearly defining these objectives will guide the entire design process. Choosing the Right Software and Technology Selecting the appropriate financial software is a critical decision.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

Planful

SEPTEMBER 5, 2019

Periodic financial reporting is a great example. Most organizations put a great deal of manual effort into their periodic reporting. Our customers love to tell us how many inefficiencies they had in their reporting process before they started using the Planful Platform for financial reporting.

Financial Reporting 40

Financial Reporting IFRS GAAP Auditing 40

CFO Talks

SEPTEMBER 30, 2024

In South Africa, we seem to apply IAS 38 with extra caution—thanks in part to our regulatory environment , where bodies like the Independent Regulatory Board for Auditors (IRBA) enforce stringent controls on audit firms that forces them to favour conservatism over practical considerations to avoid fines and penalties from the IRBA.

Accounting Standards 98

Accounting Standards Economics IFRS Auditing 98

CFO Leadership

OCTOBER 18, 2023

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. As AI permeates finance, questions about its compliance with audits and financial governance will arise.

Accounting 52

Accounting Finance Auditing IFRS 52

CFO Talks

SEPTEMBER 13, 2024

My name is Lawrence Nsibandze, and I began my career back in 2001 with the Price Hotel Group as an audit clerk. I spent about four and a half years there, doing external audits for clients under international standards. In this role, I introduced a risk-based auditing approach and later became the bank’s financial manager.

Finance 97

Finance Auditing CFO Leadership 97

The Charity CFO

JANUARY 19, 2023

The goal is to create an accurate and comprehensive record of all transactions that can be used for both internal and external reporting, including audits and tax returns. Implement Internal Controls To ensure compliance with accounting standards, you must have proper internal controls in place.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

Future CFO

JUNE 12, 2024

Hence, it is crucial to adopt established standards and frameworks such as the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB), the Greenhouse Gas Protocol and ISO 14064.

Compliance 98

Compliance IFRS Risk Management Finance 98

Bramasol

JULY 26, 2024

Within the Five-Step model, Step 4 of ASC 606 and IFRS 15 requires an allocation of the total consideration in a contract, which your company is entitled to collect for each distinct performance obligation. Standalone Selling Price: What is SSP, why is it needed, and how is it determined?

SAP 72

SAP IFRS GAAP Compliance 72

The Finance Weekly

MARCH 28, 2022

Continue reading to learn what ESG reporting is, what's new with ESG reporting standards, why Finance teams should care, and the five benefits of aligning ESG and financial reporting. It expects to release two reporting protocols on disclosures in the second half of 2022.

Finance 52

Finance Auditing Accounting Standards IFRS 52

Bramasol

MARCH 24, 2022

Certain climate-related financial statement metrics and related disclosures in a note to its audited financial statements; and ? From a global perspective, the International Sustainability Standards Board (ISSB) is also working on developing uniform financial reporting rules.

Accounting 77

Accounting SAP Analyzing Data IFRS 77

Future CFO

MAY 1, 2024

As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of a finance controller is anything but ordinary.

Leadership 98

Leadership IFRS Finance Communication 98

Future CFO

NOVEMBER 2, 2020

Many jurisdictions are moving towards international accounting standards such as International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP). This drops to only 71% of jurisdictions in APAC, showing a higher demand for individuals representing these companies to be locally resident.

Compliance 40

Compliance IFRS GAAP Accounting Principles 40

Planful

JULY 27, 2016

Limited reporting and analysis capabilities, and too much manual effort. Not being compliant with US GAAP or IFRS. Lack of controls and audit trails. Time-consuming and costly audit process. Managing Budgeting, Planning and Financial Reporting in the Cloud. Automate and accelerate financial reporting by 50%.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Value-Added Analysis Budgeting 40

Jedox Finance

JULY 11, 2023

In 2022, requirements related to several ESG issues accelerated with the European Financial Reporting Advisory Group (EFRAG) approving the European Sustainability Reporting Standards (ESRS). The standards are designed to bring sustainability reporting on par with financial reporting over time.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Profit and Loss Compliance 52

Planful

JUNE 22, 2017

Consolidating the data following specific financial accounting rules and guidelines, such as U.S. GAAP or International Financial Reporting Standards (IFRS). Reporting results to internal and external stakeholders. Loading data from different systems is a manual process.

Accounting 40

Accounting General Ledger IFRS GAAP 40

Planful

AUGUST 1, 2017

You’re preparing for an IPO or external audit, which requires having rock-solid financial statements. So what does the financial consolidation and close process entail? The financial close and reporting process crosses multiple systems, departments, and locations. Multi-GAAP reporting (i.e.,

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

CFO Talks

DECEMBER 26, 2021

SAIBA’s CEO, Nicolaas van Wyk, provides interesting feedback from the recent CFO World Congress in Mexico, how developments at COP26 will soon change a CFO’s reporting obligations, and the trends for CFOs going into 2022. CFO Talks is a brand of the South African Institute of Business Accountants.

CFO 40

CFO Profit and Loss Finance Accounting 40

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. IFRS, US GAAP). Why is this important for CFOs? I would love to hear your thoughts on this.

Leverage 52

Leverage Investments Economics Accounting 52

Onplan

NOVEMBER 30, 2022

Adaptive is one option companies use for modeling, budgeting, forecasting, and financial reporting. In addition to offering financial and sales planning solutions, Workday Adaptive also caters to workforce and operational planning needs. Automated reporting also enforces compliance with GAAP and IFRS standards.

Financial Planning and Analysis (FP&A) 52

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