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

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

Planful

JANUARY 19, 2016

Then we would key the numbers into a spreadsheet and perform the currency translations there. (I Intercompany reconciliations were a nightmare, with many phone calls to the foreign subs. Consolidating the financial results following US GAAP or IFRS guidelines, including these steps: Performing currency conversions.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

Planful

FEBRUARY 21, 2017

These results then require consolidation following US GAAP or IFRS guidelines. If the business operates in different geographies there will be the additional complexity of multiple currency conversions, intercompany reconciliations and accurate accounting of minority interests. Attend to Reconciliations Early.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

Bramasol

SEPTEMBER 8, 2024

The matching principle is supported inherently and therefore no periodic batch jobs are needed for reconciliation. Improved Compliance - Ensures compliance with ASC 606, IFRS 15, and other relevant accounting standards through a robust set of predefined rules and configurable options.

SAP 58

SAP General Ledger Compliance Accounting Standards 58

Planful

AUGUST 1, 2017

You’re expanding internationally, which often brings new complexities, such as currency conversions and intercompany eliminations across multiple divisions and subsidiaries. This includes dealing with the following issues: Currency translation. Intercompany reconciliations. US GAAP, Canadian GAAP, IFRS, etc.).

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40