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Navigating IFRS, Key Updates and Changes

CFO Talks

Navigating IFRS , Key Updates and Changes Introduction In today’s fast-paced financial world, staying up to date with the latest International Financial Reporting Standards (IFRS) is critical for CFOs. IFRS 16 Leases: Impact on Balance Sheets IFRS 16 has changed the way leases are recorded on balance sheets.

IFRS 52
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Navigating South Africa’s Reporting Maze: What Every CFO Needs to Know

CFO Talks

These include the Companies Act, the Tax Administration Act, the Financial Sector Regulation Act, and the International Financial Reporting Standards (IFRS), among others. Regular communication with auditors and financial teams is essential to avoid last-minute complications.

CFO 83
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Modernising finance reporting in support of ESG

Future CFO

The balance sheet, income statement, cash flows and stockholder equity have traditionally communicated how — and how much — companies create value. These companies use annual environmental, social, and governance scorecard metrics and weighted modifiers to clearly communicate to stakeholders that executives must deliver on results.

Finance 59
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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

It’s also the risk management part of the role that keeps the role exciting, crucial, and a continuous growth area,” Ramon adds. Proficiency in representing various business functions and offering a balanced perspective on risks and opportunities is crucial for smooth planning amid volatile markets.”

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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

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. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC.

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34 Competencies required to become a CFO(SA)

CFO Talks

Steward Role & Competencies: Accounting, control, risk management and asset preservation are the proficiencies of the Steward. Competencies include: Working knowledge of risk management, budget, and forecasting tools. Competencies include: Working knowledge of risk management, budget, and forecasting tools.

CFO 52
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TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

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. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC.