Bramasol

SEPTEMBER 29, 2023

They are expected to provide financial leadership and insight into the organization's strategic direction. 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% of the CFO’s time is devoted to digitalization.

IFRS 91

IFRS Technology SAP Compliance 91

Future CFO

JUNE 12, 2024

Stephen Adams , director in the Gartner Finance practice, says: “ESG reporting is more widely watched than many CFOs realise. He opines that ESG topics have become one of the first agendas in Board/leadership meetings within organisations due to the evolving regulatory landscape.

Compliance 98

Compliance IFRS Risk Management Finance 98

Future CFO

MAY 1, 2024

As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of a finance controller is anything but ordinary. Giselle A Geronimo “This is the career to pursue if someone is up for turning challenges into opportunities and using changes for levelling up skills.”

Leadership 98

Leadership IFRS Finance Communication 98

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.

Accounting Principles 81

Accounting Principles IFRS SAP Accounting 81

Bramasol

JANUARY 27, 2023

In 2018, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced the release of new accounting standards, ASC 842 and IFRS 16, that redefined how organizations must account for leases.

Compliance 81

Compliance IFRS SAP Accounting Standards 81

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.

IFRS 83

IFRS Accounting SAP Compliance 83

CFO Talks

JUNE 7, 2022

As a professional body, SAIBA offers the only official designation for Finance Executives, as registered by SAQA. Due to this unique position, we need to ensure that the Finance Executive that earns our acclaimed CFO(SA) designation , is ready for the future of finance. Accounting knowledge (IFRS and taxation).

CFO 52

CFO IFRS Leadership Risk Management 52

The Finance Weekly

JANUARY 31, 2022

However, there have been many organizations that have successfully persevered through the challenges posed by the past couple of years, and among the differentiating factors between such businesses is leadership. Leadership across business departments is a foundational element of success. 5 Leadership Competencies for CFOs 1.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leadership IFRS Budgeting 52

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 72

SAP IFRS GAAP Compliance 72

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.

Transportation 83

Transportation SAP IFRS Compliance 83

Bramasol

SEPTEMBER 8, 2024

By leveraging our leadership in deploying more RAR implementations than any other partner, Bramasol is also at the forefront of helping refine and deploy these new Universal RevRec capabilities. You can post different data for each ledger and therefore also display or select data from different ledgers in many Finance apps.

SAP 59

SAP General Ledger Compliance Accounting Standards 59

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 74

SAP General Ledger IFRS Compliance 74

The Finance Weekly

JUNE 17, 2024

Financial planning and analysis (FP&A) is important in automating all of the manual tasks in the finance department and giving everyone greater insights into the data. Overview of Planful Planful is a cloud-based software designed to empower finance, accounting, and business users with a range of financial applications.

Financial Planning and Analysis (FP&A) 52

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

Planful

SEPTEMBER 6, 2021

In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. The company’s leadership used fake holdings and off-the-books accounting practices to deceive regulators. Valuations are a classic example of hole-filled financial reporting.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40

CFO Talks

MARCH 31, 2022

Oyinda Akanbi is making a difference beyond finance in her position as CFO at the leading diagnostics provider in Nigeria. Oyinda is a member of ACCA and she has an MSc in international banking and finance from the University of Salford in the UK. CFO Talks is a brand of the South African Institute of Business Accountants.

CFO 40

CFO Finance IFRS Accounting 40

CFO Talks

DECEMBER 26, 2021

Before that, Daniel was a finance lead and senior project manager at the world’s largest brewer, Anheuser Busch in the Czech Republic, which, of course, is fairly well known to South Africans. After my degree I got employed by a company called Fox5 as a finance manager and worked there for five years.

Manufacturing 75

Manufacturing CFO Budgeting IFRS 75

Bramasol

DECEMBER 13, 2021

From Bramasol's perspective as a leading SAP partner creating business management, finance, and compliance solutions for over 25 years, here are five major areas that we are watching closely and helping our clients prepare to deal with in the coming year - and beyond.

SAP 52

SAP Compliance Profit and Loss IFRS 52

Bramasol

DECEMBER 14, 2023

McKinsey also notes that finance functions are leading the way to the AI third wave. In addition, from an internal perspective, Bramasol is proactively implementing AI capabilities across virtually all functional areas, including service delivery, customer satisfaction, project management, marketing, sales and finance.

Technology 84

Technology SAP IFRS Compliance 84