Bramasol

NOVEMBER 8, 2021

Movement on the part of global accounting groups, such as FASB, IASB and IFRS, to develop detailed compliance guidelines and regulations around carbon-accounting and sustainability. New legislation regarding carbon offsets and disclosure reporting that will materially impact many companies' bottom line.

Compliance 76

Compliance Accounting SAP IFRS 76

https://trustedcfosolutions.com/feed/

FEBRUARY 18, 2022

Maintaining accurate records across a diversified portfolio can be a considerable challenge in terms of compliance, transparency, and risk. Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place.

GAAP 116

GAAP IFRS Compliance Forecasting 116

Future CFO

JUNE 14, 2021

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

IFRS GAAP Auditing Planning 52

Bramasol

SEPTEMBER 29, 2023

Globalization CFOs have long needed to assure compliance with two different standards-setting bodies. The other is the International Accounting Standards Board (IASB), whose rules for financial reporting are known as International Financial Reporting Standards (IFRS). More details on climate issues below.)

Technology 88

Technology IFRS SAP Compliance 88

Bramasol

JUNE 25, 2024

Operational Accounting vs Compliance Accounting One useful way to sort out the accounting landscape is to consider the differences between "operational" and "compliance" accounting responsibilities. Compliance Accounting is more focused on areas such as revenue recognition, closing processes, disclosure reporting, ESG compliance, etc.

Compliance 55

Compliance Financial Planning and Analysis (FP&A) Accounting SAP 55

Bramasol

JUNE 10, 2022

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. They also likely will face different taxation structures for specific countries or even local jurisdictions. Controlling (CO).

Accounting Principles 78

Accounting Principles IFRS Accounting SAP 78

Bramasol

OCTOBER 26, 2021

From the beginning of any project, we believe that compliance should never be addressed by using ad hoc or limited scope approaches because such short-term thinking invariably results in process inefficiencies, manual offline workarounds, and a lack of forward migration capabilities. Overview of Comply, Optimize, Transform.

SAP 79

SAP IFRS Compliance Treasury 79

Bramasol

SEPTEMBER 26, 2022

For example, SAP Revenue Accounting & Reporting (RAR) streamlines and simplifies accounting and reporting of complex revenue streams under ASC 606 / IFRS 15 and SAP Contract & Lease Management (CLM) provides asset management and accounting compliance for ASC 842 / IFRS 16. Implementing Anything-as-a-Service (XaaS).

Transportation 80

Transportation SAP IFRS Compliance 80

Bramasol

JULY 26, 2024

In this episode, we dive into five issues that are at the heart of optimizing Quote-to-Cash to Compliance with SAP Revenue Recognition and subscription management applications, including complex bundling scenarios. Closing and Reporting: How can we shorten our periodic closing cycles while assuring reporting and disclosure compliance?

SAP 79

SAP IFRS GAAP Compliance 79

https://trustedcfosolutions.com/feed/

JUNE 2, 2022

GAAP, IFRS, and cash base side by side for better visibility. Set spending limits to maintain budget compliance with Sage Intacct Spend Management. Ability to implement user-access controls. Use dimension values to capture your business transactions, operational measures, and budgets in General Ledger. Define your own workflows.

Finance 104

Finance General Ledger IFRS GAAP 104

Future CFO

MAY 23, 2021

The post Global IFRS video: Regulatory assets and regulatory liabilities appeared first on FutureCFO. This EY video addresses the IASB’s proposals for the recognition, measurement, presentation and disclosure of regulatory assets, regulatory liabilities, regulatory income and regulatory expense.

IFRS 40

IFRS Auditing Compliance 40

CFO News

MARCH 4, 2025

CFO Gopal Balachandran outlines the companys focus on health insurance expansion, regulatory compliance, IFRS 17 preparedness, and its approach to profitability and risk management. The insurer has achieved a ninefold increase in policy issuance while reducing headcount by 20 per cent, through technology investments.

IFRS 45

IFRS CFO Investments Risk Management 45

CFO Talks

AUGUST 28, 2024

Navigating South Africa’s Reporting Maze: What Every CFO Needs to Know Navigating the complex landscape of regulatory reporting in South Africa can be daunting, especially for CFOs who bear the responsibility of ensuring compliance while also driving strategic financial decisions.

CFO 83

CFO Auditing Compliance IFRS 83

Bramasol

SEPTEMBER 12, 2022

Although the initial compliance phase for ASC 606 and IFRS 15 revenue recognition mandates is in the rear-view mirror for most companies, it's important to also keep a focus on the road ahead because optimization of overall RevRec processes across the enterprise will be key to ongoing success.

SAP 76

SAP IFRS Compliance Invoicing 76

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

E78 Partners

AUGUST 22, 2024

They fear that the costs and complexities of compliance may divert resources from core operations and impact profitability. For these companies, ESG is not just a compliance issue—it may be a competitive differentiator. Outsourcing tax and compliance risks can alleviate the burden, allowing leaders to focus on growth.

Accounting 59

Accounting IFRS Compliance Strategic Planning 59

Future CFO

NOVEMBER 2, 2020

China is the most complex jurisdiction for financial compliance in Asia Pacific while Hong Kong is the easiest, said TMF Group recently. Many jurisdictions are moving towards international accounting standards such as International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP).

Compliance 40

Compliance IFRS GAAP Accounting Principles 40

Bramasol

AUGUST 29, 2022

The shift from CAPX purchase models to subscription based offerings requires medical device manufacturers to adapt their revenue recognition and reporting systems to assure compliance. How DSE Applies to the Medical Device Sector. to optimize readiness, availability, usage levels, locations, maintenance and remote device management.

SAP 70

SAP IFRS Manufacturing Compliance 70

Bramasol

JULY 31, 2023

In order to take these bundling scenarios to an optimal level, medical equipment makers need to leverage more integrated solutions that bring all the backend processes together in a seamless end-to-end environment that meshes with compliance and reporting mandates. For revenue recognition, they also must comply with ASC 606 and IFRS 15.

Accounting 69

Accounting SAP GAAP IFRS 69

Bramasol

AUGUST 31, 2023

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15.

SAP 84

SAP Accounting Reconciliations General Ledger 84

CFO Talks

MARCH 5, 2025

Knowing the specific rules for your industry helps you prepare in advance and avoid compliance issues. Keep track of reporting deadlines Use a compliance calendar so you never miss a submission. Risk and compliance teams monitor any changes in regulations and identify potential risks.

IFRS 52

IFRS Auditing Compliance Financial Data 52

CFO Talks

SEPTEMBER 26, 2024

It outlines compliance requirements such as annual financial statement submissions, director duties, and shareholder rights. CFOs must ensure compliance with various tax deadlines, proper record-keeping, and adherence to SARS guidelines to avoid penalties and interest charges.

IFRS 52

IFRS Compliance Auditing Financial Reporting 52

CFO Talks

FEBRUARY 10, 2025

Compliance and Risk Reduction The regulatory landscape is ever evolving. Automation helps organizations comply with IFRS, GRAP, and local tax regulations by ensuring all reporting follows the latest legal frameworks. Case in Point: IBM automated its financial reporting processes and cut 75% of its time spent on closing the books.

Financial Reporting 90

Financial Reporting IFRS Leadership Reconciliations 90

CFO News

FEBRUARY 20, 2025

IFRS 17, the global insurance accounting standard, took effect in 2023, with India aligning through Ind AS 117, issued in August 2024. While the initial compliance deadline was 2025, IRDAI has extended it to 2027, giving insurers more time to adapt. Heres what they shared.

Accounting Standards 40

Accounting Standards IFRS Accounting Compliance 40

PYMNTS

JULY 9, 2020

That can lead to more complex transactions, with amendments to customer orders and more compliance standards, which RecVue’s product can help streamline. RecVue , meanwhile, boasts a revenue management solution that can help companies going through a period of rapid growth in recurring revenue.

IFRS 65

IFRS Compliance B2B Accounting Firms 65

CFO Leadership

OCTOBER 10, 2023

As AI permeates finance, questions about its compliance with audits and financial governance will arise. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),

Accounting 95

Accounting Finance Auditing IFRS 95

E78 Partners

AUGUST 22, 2024

They fear that the costs and complexities of compliance may divert resources from core operations and impact profitability. For these companies, ESG is not just a compliance issue—it may be a competitive differentiator. Outsourcing tax and compliance risks can alleviate the burden, allowing leaders to focus on growth.

Accounting 52

Accounting IFRS Compliance Strategic Planning 52

Bramasol

OCTOBER 31, 2023

Augmented in recent years by our additional specialization in SAP Quote-to-Cash solutions, Bramasol now offers a unique approach for integrating both frontend customer-facing processes and backend compliance processes within a unified approach that can adapt and scale to virtually any requirements.

SAP 61

SAP IFRS Compliance Entertainment 61

Bramasol

MARCH 24, 2022

This important issue was previously explored last year in Are You Ready for "Carbon Accounting" Compliance? ISSB was established by the IFRS Foundation in response to the Glasgow COP 26 conference in November 2021. and also identified as one the Five Key Trends to Watch in 2022.

Accounting 75

Accounting SAP Analyzing Data IFRS 75

Bramasol

FEBRUARY 29, 2024

Instead, the Comply, Optimize, Transform approach inherently keeps the future in mind by emphasizing integration of compliance solutions within the overall business operations, while also laying the groundwork for future transformation.

SAP 58

SAP IFRS Compliance Leverage 58

Future CFO

MAY 1, 2024

As they assist in compliance audits and the monitoring of internal controls to ensure that everyone within the company does their job correctly, they are also expected to thrive and flourish amid the challenges along the way for the benefit of the organisation.

Leadership 98

Leadership IFRS Finance Communication 98

Future CFO

APRIL 18, 2022

Click on the link to download to discover in detail a list of the benefits that IBM Cognos Controller provide for finance teams: Data collection and validation Reconciliations Workflow and tasks to improve the close cycle Currency conversion Minority interest calculations Inter-company eliminations Group closing adjustments Management adjustments Allocations (..)

Finance 52

Finance IFRS GAAP Accounting Principles 52

Future CFO

AUGUST 16, 2022

The ISSB, formed by the International Financial Reporting Standards ( IFRS ) Foundation after last year’s UN climate change conference, COP26, published two exposure drafts (EDs) in March 2022 for comment — one on general requirements and a second on climate disclosures.

IFRS 52

IFRS Accounting Compliance Marketing 52

Future CFO

OCTOBER 27, 2020

TMF Group is a global provider of critical compliance and administrative services, with some 7,800 in-house experts across 80-plus jurisdictions. Local GAAP is much more common than international standards such as IFRS, with 71% of APAC jurisdictions taking the more localised approach. Source: TMF 2020.

Accounting 52

Accounting IFRS Auditing GAAP 52

Bramasol

OCTOBER 31, 2023

Augmented in recent years by our additional specialization in SAP Quote-to-Cash solutions, Bramasol now offers a unique approach for integrating both frontend customer-facing processes and backend compliance processes within a unified approach that can adapt and scale to virtually any requirements.

SAP 52

SAP IFRS Compliance Entertainment 52

CS Lucas

NOVEMBER 29, 2023

There are rollover dates, renewal terms, mandatory pre-payments, covenant compliance, reporting deadlines, administration fees, and much more to orchestrate. This covers volumes, rates, currencies, compliance terms, documentation, counterparties, jurisdictions , timelines, and associated analytics.

Technology 52

Technology Treasury IFRS Compliance 52

Bramasol

SEPTEMBER 8, 2024

With a 28 year track record as one of SAP's longest serving partners and the recognized experts in SAP revenue compliance and SAP BRIM/OTC offerings , the Bramasol team has deep experience tailoring SAP solutions to specific client requirements.

SAP 58

SAP General Ledger Compliance Accounting Standards 58