https://trustedcfosolutions.com/feed/

JUNE 2, 2022

Suppose your company finances are complicated and include multiple entities or locations. Use dimension values to capture your business transactions, operational measures, and budgets in General Ledger. GAAP, IFRS, and cash base side by side for better visibility. The post How Complex Are Your Business Finances?

Finance 104

Finance General Ledger IFRS GAAP 104

Bramasol

JULY 26, 2024

Within the Five-Step model, Step 4 of ASC 606 and IFRS 15 requires an allocation of the total consideration in a contract, which your company is entitled to collect for each distinct performance obligation. Standalone Selling Price: What is SSP, why is it needed, and how is it determined?

SAP 80

SAP IFRS GAAP Compliance 80

Bramasol

SEPTEMBER 8, 2024

Event-based revenue recognition is fully integrated with the General Ledger and the recognition data is stored in the same location as cost and revenue data. With Universal Parallel Accounting, you can benefit from the flexibility of the parallel ledgers not only in General Ledger Accounting but also in various subledgers.

SAP 59

SAP General Ledger Compliance Accounting Standards 59

Planful

JUNE 22, 2017

Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g., Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. Reporting results to internal and external stakeholders.

Accounting 40

Accounting General Ledger IFRS GAAP 40

Bramasol

NOVEMBER 13, 2023

For example, at Bramasol we made a decision over a decade ago to focus on SAP finance solutions for the office of the CFO, with a specific emphasis on the new revenue recognition compliance requirements in ASC 606 and IFRS 15.

SAP 73

SAP General Ledger IFRS Compliance 73

Planful

JANUARY 3, 2017

General ledger accounting. The data in an ERP system is typically summarized in the general ledger module. Budget data entry templates can be created and tuned to the needs of various departments, but line managers cannot typically override business rules and calculations that have been defined by Finance.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

Onplan

NOVEMBER 30, 2022

Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. Because OnPlan was designed by financial professionals, it has given the company unique insight into the data modeling requirements of a modern finance department. Batch change capabilities.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52