Future CFO

AUGUST 22, 2019

IFRS 16, published by the International Accounting Standards Board (IABS), came into effect on January 1, 2019. The new leases standard will affect most companies in the region, because, simply put, most companies use rentals or leasing to access assets as it’s a popular financing solution.

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IFRS Accounting Standards Finance Treasury 52

Reval

MARCH 7, 2017

IFRS 9 is changing hedge accounting forever. A recent Reval survey shows that 70% of finance teams say that they have or will implement new hedging strategies as a result of the new standard. IFRS 9 Advantages in a Nutshell. Finance professionals had to hedge for all risks, rather than for just the aluminum component.

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IFRS Accounting Risk Management Treasury 52

Future CFO

JUNE 27, 2022

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IFRS 8, Operating Segments. The post The fundamentals of IFRS 8 appeared first on FutureCFO.

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IFRS Financial Reporting Accounting Standards Accounting 52

Future CFO

OCTOBER 8, 2023

One of the major IFRS 17 challenges is that it’s disrupting business as usual for insurers. According to a WTW IRS 17 survey, there are major post-implementation challenges that insurers still need to overcome after reporting their half-year 2023 results under IFRS 17 for the first time.

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IFRS Accounting Standards Accounting Investments 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.

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IFRS Accounting Standards Performance Measuring Reconciliations 52

Future CFO

FEBRUARY 7, 2023

IFRS 17 will change insurers' reported earnings and equity as it alters their profit recognition patterns and measurement of liabilities, while not directly affecting insurers' creditworthiness, said Moody's recently. The post IFRS 17 won't directly affect insurers' creditworthiness appeared first on FutureCFO.

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Future CFO

JUNE 22, 2022

Insurers have reported that there is still a huge amount of work to complete in order to successfully deliver IFRS 17 ahead of the 2023 deadline, said WTW recently. According to WTW’s latest survey, entitled ‘IFRS 17: Will we make it?’, insurers report material progress has been made since WTW’s previous IFRS 17 poll in 2021.

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IFRS Accounting Standards Valuation Accounting 52

CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. 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.

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Accounting Finance Auditing IFRS 95

CFO Talks

MARCH 13, 2025

Whether you’re a finance professional, business owner, or decision-maker, understanding how to leverage FIS can mean the difference between reactive problem-solving and proactive success. From Spreadsheets to Smart Systems Traditionally, businesses used basic spreadsheets to manage their finances.

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Financial Reporting IFRS Compliance Problem Solving 52

Future CFO

DECEMBER 2, 2019

In the third of EY's Global IFRS video series on the implementation of IFRS 16, Emily Moll and Victor Chan discuss agenda decisions reached by the IFRS Interpretations committee about the application of IFRS 16. The post IFRS Interpretations Committee agenda decisions on IFRS 16 (I) appeared first on FutureCFO.

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CFO Talks

MARCH 5, 2025

Every business must follow certain rules when reporting its finances, and these rules change depending on the industry. Work Closely with Other Departments Regulatory reporting is not just the finance teams responsibility. From Chaos to Clarity Smarter Regulatory Reporting for CFOs Regulatory reporting is a big part of a CFOs job.

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IFRS Auditing Compliance Financial Data 52

Future CFO

AUGUST 15, 2021

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IFRS 2, “Share-based Payment”, in this short video. The post The fundamentals of IFRS 2 appeared first on FutureCFO.

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IFRS Financial Reporting Accounting Finance 40

CFO Talks

MAY 12, 2023

However, seasoned finance professional, Thabo Maake believes that National Treasury was correct in its decision. Why Maake believes Treasury was right A core point of Maake’s argument is that State Owned Companies (SOCs) like Eskom are expected to not only adhere to IFRS and the Companies Act, but also the PFMA.

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IFRS Treasury Auditing Accounting 95

Future CFO

JULY 3, 2024

Clearly, CFOs and the finance function have a big role to play here. Financial materiality refers to the effect of sustainability matters on the company’s current or future cash flows, development, performance, position, cost of capital, or access to external finance mechanisms.

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Finance IFRS Quantitative Data Communication 59

Future CFO

JANUARY 28, 2020

In this episode, EY Global covers the key reminders and considerations about the implementation of IFRS 16 Leases by lessees as calendar year-end entities finalise their annual financial statements. The post IFRS 16 Leases: Key issues and challenges appeared first on FutureCFO.

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IFRS Accounting Finance 40

Future CFO

JULY 12, 2020

After several months of re-deliberations, the International Accounting Standards Board (the Board) has published the final amendments to IFRS 17 Insurance Contracts. The post IFRS 17: Final amendments are out now appeared first on FutureCFO.

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IFRS Accounting Standards Accounting Finance 40

Future CFO

FEBRUARY 23, 2020

The post Global IFRS: IBOR transition discussions appeared first on FutureCFO. Tony Clifford and David Bradbery from EY talk through the tentative decisions taken in January 2020 by the IASB for their IBOR reform project.

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IFRS Accounting Finance 40

Future CFO

AUGUST 26, 2019

In the second of our Global IFRS video series on the implementation of IFRS 16, Emily Moll and Victor Chan discuss a recent survey on the disclosure of the expected impact of adopting IFRS 16 on the date of initial application by large entities.

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IFRS Accounting Finance 40

Future CFO

JANUARY 5, 2020

The survey was conducted to learn more about emerging presentation and disclosure practices, as well as the transition effect of IFRS 15 on entities in selected sectors. The post Overview of EY IFRS 15 presentation and disclosure survey appeared first on FutureCFO.

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IFRS Accounting Finance 40

Future CFO

JANUARY 2, 2022

The post IFRS Video: IBOR reform, year-end considerations appeared first on FutureCFO. This video considers the accounting for the latest IBOR reform developments, as entities transition their exposures to risk free rates.

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IFRS Accounting Finance 40

Future CFO

JANUARY 3, 2021

In this video Tony Clifford, Jane Hurworth and David Bradbery discuss some practical issues in applying the IFRS IBOR reform amendments, with some illustrative examples. The post Global IFRS video: Applying the IBOR reform amendments in practice appeared first on FutureCFO.

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IFRS Accounting Finance 40

Future CFO

FEBRUARY 11, 2020

South Korea life insurance firm Kyobo Life has implemented a high-performance computing platform for IFRS 17 and K-ICS financial reporting compliance, said AON recently. The post IFRS 17: South Korean insurer implements a computing platform for compliance appeared first on FutureCFO.

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IFRS Compliance Risk Management Economics 40

https://trustedcfosolutions.com/feed/

FEBRUARY 18, 2022

Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place. Software like Sage Intacct automates many of the manual accounting and finance functions and allows your team to focus on higher-value tasks.

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GAAP IFRS Compliance Accounting 116

Future CFO

AUGUST 9, 2020

Brian O’Donovan from KPMG International Standards Group provides an update on plans to amend IFRS 16 Leases in response to the COVID-19 coronavirus pandemic. The post What changes are being made to IFRS 16 because of COVID-19? appeared first on FutureCFO.

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IFRS Planning Accounting Finance 40

Future CFO

MAY 3, 2020

The post Global IFRS: Management performance measures in the financial statements appeared first on FutureCFO. In this episode, experts from EY discuss the changes being proposed by the IASB in relation to management performance measures (MPMs) in its recent ED, General Presentation and Disclosures.

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Future CFO

SEPTEMBER 19, 2019

The CFO Forum and Insurance Europe—representing 23 of the continent’s largest insurers and 95% of premium income—call for a delay of the IFRS 17 implementation deadline to Jan 1, 2023. According to the letter, the organizations also asked for additional changes to IFRS 17.

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IFRS CFO Accounting Finance 40

Future CFO

JANUARY 21, 2020

At its October 2019 meeting, the IASB made progress in phase two of its project to amend IFRS in response to the financial reporting challenges posed by IBOR reform. The post Global IFRS IBOR reform: Phase 2 Classification and Measurement issues appeared first on FutureCFO.

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IFRS Financial Reporting Accounting Finance 40

Bramasol

JULY 22, 2023

From a global perspective, the International Sustainability Standards Board (ISSB), which was established by the IFRS in November 2021 at COP26 in Glasgow, has issued its first two standards. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

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IFRS Accounting SAP Compliance 82

Future CFO

MAY 29, 2024

ACCA's guide seeks to help all organisations irrespective of size, industry or sector, focusing on preparing for sustainability reporting in accordance with the IFRS Sustainability Disclosure Standards (or the ‘ISSB Standards’). The post Finance professionals' guide to preparing sustainability reports appeared first on FutureCFO.

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Finance IFRS Risk Management Accounting 52

Future CFO

NOVEMBER 17, 2019

The post Global IFRS: IBOR reform – phase 1 complete; phase 2 underway appeared first on FutureCFO. In this video on the IBOR reform project, Tony Clifford and David Bradbery provide an overview of the IASB’s work so far and the EY organization’s view of how we see it.

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IFRS Accounting Finance 40

Bramasol

SEPTEMBER 29, 2023

According to a PwC 2022 Global Digital CFO Survey , 73% of CFOs agree that digitalization of the finance function is a high priority and already 18.5% The other is the International Accounting Standards Board (IASB), whose rules for financial reporting are known as International Financial Reporting Standards (IFRS).

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Technology IFRS SAP Compliance 89

Bramasol

JUNE 10, 2022

For example, a company with branches doing business in the United States and the European Union will need to comply with both GAAP and IFRS accounting principles. The account-based approach uses account logic identifiers to assign accounting principles, such as using unique prefixes to determine which accounts use IFRS vs GAAP principles.

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Accounting Principles IFRS Accounting SAP 79

Future CFO

MAY 16, 2024

Sustainable financing has gained substantial momentum in Southeast Asia in the recent years, but even if the progress is notable, the amount of sustainable financing in the region still falls way short of the levels required to drive transition towards net zero targets. We are seeing the same trend at UOB. billion."

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Finance IFRS Construction Education 52

Future CFO

JUNE 12, 2024

Stephen Adams , director in the Gartner Finance practice, says: “ESG reporting is more widely watched than many CFOs realise. For example, he notes that the ISSB’s IFRS S1 and S2, which were issued in June 2023, fully incorporate the TCFD recommendations. This will improve consistency and comparability amongst organisations.

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Compliance IFRS Risk Management Finance 98

Future CFO

APRIL 18, 2022

Finance organizations regularly face the challenges of meeting strict deadlines and satisfying data quality requirements for closing the books and delivering accurate financial statements. It enables finance teams to automate and accelerate the financial close with minimal IT support. DOWNLOAD NOW.

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Finance IFRS GAAP Accounting Principles 52

Future CFO

FEBRUARY 1, 2024

Among the things finance leaders must focus on for the new year is undoubtedly the rising interest and trend on sustainability. The future of finance and sustainability Hasenoehrl believes 2024 is the year that finance and sustainability become inextricably linked.

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Finance SAP Auditing IFRS 52

CFO Talks

AUGUST 21, 2024

Anticipating Financial Challenges: Strategic Measures for Corporate Finance As a CFO in South Africa or elsewhere in Africa, you’re no stranger to the financial hurdles that come your way. Following local tax laws, international financial reporting standards (IFRS), and other rules is essential but challenging.

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