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

FEBRUARY 10, 2025

Automation helps organizations comply with IFRS, GRAP, and local tax regulations by ensuring all reporting follows the latest legal frameworks. Challenges of Automating Financial Reporting (And How to Overcome Them) While automation offers many benefits, CFOs must navigate potential hurdles. RiseUpForExcellence.

Financial Reporting 90

Financial Reporting IFRS Leadership Reconciliations 90

Future CFO

APRIL 9, 2025

Compliance with standards like ASC 606 and IFRS 15 is still crucial, but the focus has shifted to optimising operations for growth. Inconsistent application of IFRS 15 and ASC 606 can lead to significant risks, including audit adjustments, compliance penalties, and investor mistrust. Spreadsheets cause manual work and time delays.

IFRS 52

IFRS Auditing Forecasting Compliance 52

Future CFO

NOVEMBER 27, 2023

The Financial Reporting Council (FRC) calls for IFRS 17 disclosures improvements in its recently published IFRS 17 'Insurance Contracts' thematic review. The IFRS 17 disclosures improvements that FR C expects include the following. The post IFRS 17 disclosures improvements needed: FRC appeared first on FutureCFO.

IFRS 52

IFRS Accounting Standards Performance Measuring Reconciliations 52

CFO Talks

SEPTEMBER 5, 2024

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

IFRS GAAP Compliance Reconciliations 98

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 56

Compliance Financial Planning and Analysis (FP&A) Accounting SAP 56

Future CFO

APRIL 18, 2022

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.

Finance 52

Finance IFRS GAAP Accounting Principles 52