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. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Accounting 52

Accounting Finance Auditing IFRS 52

Planful

JANUARY 19, 2016

Consolidating the financial results following US GAAP or IFRS guidelines, including these steps: Performing currency conversions. Ensuring adequate audit trails for internal and external auditors. They’ll conclude that there’s a total lack of security, control, and audit trails when using spreadsheets.

IFRS 40

IFRS Reconciliations GAAP Auditing 40

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). Across these regions, local GAAP is more common than international standards, required in 71% and 44% of jurisdictions respectively.

Compliance 40

Compliance IFRS GAAP Accounting Principles 40

Planful

JULY 27, 2016

Not being compliant with US GAAP or IFRS. Lack of controls and audit trails. Time-consuming and costly audit process. Improve audit trails, reduce audit costs. Challenges in consolidating multiple spreadsheets and correcting errors. Limited reporting and analysis capabilities, and too much manual effort.

Financial Planning and Analysis (FP&A) 40

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

Planful

AUGUST 1, 2017

You’re preparing for an IPO or external audit, which requires having rock-solid financial statements. Multi-GAAP reporting (i.e., US GAAP, Canadian GAAP, IFRS, etc.). So what does the financial consolidation and close process entail? This includes dealing with the following issues: Currency translation.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

Planful

JUNE 22, 2017

GAAP or International Financial Reporting Standards (IFRS). Undetected errors can occur and spreadsheets don’t provide adequate audit trails regarding changes to financial results in the process. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g.,

Accounting 40

Accounting General Ledger IFRS GAAP 40

Planful

SEPTEMBER 5, 2019

Planful gives you a robust library of report templates to build the foundation of GAAP and IFRS-compliant balance sheets, income statements, statements of cash flow, and other financial and statutory reports. It integrates with other on-premise and cloud-based business systems to eliminate cut-and-paste tedium and human error.

Financial Reporting 40

Financial Reporting IFRS GAAP Auditing 40

Planful

FEBRUARY 21, 2017

From the collection and consolidation of financial results, to the creation of year-end financial statements, to audits and regulatory filings – finance teams are often distraught throughout the process. These results then require consolidation following US GAAP or IFRS guidelines.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

Spreadym

AUGUST 10, 2023

Compliance: Adherence to accounting standards and regulations, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Audit Trail: A record of changes made to financial data and reports, ensuring transparency and accountability.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

CFO Talks

OCTOBER 1, 2024

IFRS, US GAAP). Is there a significant difference between US GAAP and IFRS , or are we just being a bit too conservative here in South Africa? They need to determine how to capitalize intangible assets and ensure compliance with local and international accounting standards (e.g.,

Leverage 52

Leverage Investments Economics Accounting 52

Onplan

NOVEMBER 30, 2022

The Basic level offers essential modeling and planning features, while the Professional and Enterprise plans offer additional security and compliance features, like Audits and App Lifecycle Management. Automated reporting also enforces compliance with GAAP and IFRS standards. Custom dashboards and reporting.

Financial Planning and Analysis (FP&A) 52

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

Bramasol

APRIL 7, 2025

Better Accounting Compliance: Cloud-based ERP systems ensure accurate financial reporting, adherence to tax laws, and audit readiness. IFRS or GAAP) becomes easier, and financial data can be tracked and reported in real-time. Compliance with local and international standards (e.g.,

SAP 58

SAP Leverage Compliance IFRS 58