Remove CFO Remove GAAP Remove IFRS
article thumbnail

Cross-Listed Companies, Navigating International Reporting Standards 

CFO Talks

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 97
article thumbnail

IFRS 17 cost estimated at US$15B to US$20B for insurers

Future CFO

The total IFRS cost faced by the global insurance sector to implement the standard is estimated to hit the range of US$15 billion - US$20 billion, said Willis Towers Watson recently. Estimated IFRS costs vary significantly by insurer size, according to a Willis Towers Watson study which polled 312 insurers from 50 countries.

IFRS 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Designing Effective Financial Information Systems: A Guide for South African CFOs 

CFO Talks

Designing Effective Financial Information Systems: A Guide for South African CFOs In the ever-changing financial landscape, the strength of your financial information system (FIS) plays an important role in determining your organisation’s success. Regular updates to the system to reflect changes in these regulations are also crucial.

IFRS 98
article thumbnail

Family Office Financial Management

https://trustedcfosolutions.com/feed/

Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place. For single and multiple family offices, governance is key to financial success and is an important element of your organizational structure.

GAAP 116
article thumbnail

The Number One Problem With Selling a Business

Focus CFO

While they may have a bookkeeper and Tax CPA, they do not have a strong accounting department led by a real CFO. GAAP financials when times get tough, and others manage to survive with street smarts. GAAP based Managerial Financial Statements. GAAP or IFRS based. Don’t leave any money on the closing table!

Numbers 52
article thumbnail

IBM Cognos Controller: Financial close management managed by the office of finance

Future CFO

It also helps finance teams deliver financial results, create informative financial and management reports, and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics. It enables finance teams to automate and accelerate the financial close with minimal IT support. DOWNLOAD NOW.

Finance 52
article thumbnail

How to Comply with Accounting Standards for Nonprofits

The Charity CFO

In the United States, these Generally Accepted Accounting Principles (or GAAP) are set by the Financial Accounting Standards Board (FASB). First, nonprofits must follow GAAP, the Generally Accepted Accounting Principles. The post How to Comply with Accounting Standards for Nonprofits appeared first on The Charity CFO.