Remove Finance Remove IFRS Remove SAP
article thumbnail

The Changing Role of CFOs in a Technology-Driven World

Bramasol

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).

article thumbnail

A Fresh Look at Ongoing ESG and Carbon Accounting Developments

Bramasol

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 82
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements

Bramasol

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.

article thumbnail

From Chaos to Clarity Smarter Regulatory Reporting for CFOs 

CFO Talks

Every business must follow certain rules when reporting its finances, and these rules change depending on the industry. Some useful tools include: ERP (Enterprise Resource Planning) systems These systems (such as SAP, Oracle, or Sage) help track financial transactions and automate reporting.

IFRS 52
article thumbnail

Top Five Questions Clients Are Asking About RevRec and Quote-to-Cash

Bramasol

In addition to highlighting trends such as the Digital Solutions Economy (DSE), industry-focused solutions, and SAP initiatives like artificial intelligence and S/4HANA cloud, this Insights Series will also periodically provide answers to the top questions that we hear from our clients and partners.

SAP 80
article thumbnail

Universal RevRec - The Next Breakthrough in SAP Revenue Recognition Unification

Bramasol

SAP Universal Revenue Management (SAP Universal RevRec) is a cutting-edge solution engineered to elevate and simplify the complexities of revenue recognition. Let's look closer at each of these critical elements that make up SAP Universal RevRec.

SAP 59
article thumbnail

How the Digital Solutions Economy is Impacting the Transportation Sector

Bramasol

Solutions such as SAP Billing and Revenue Innovation Management (BRIM) enable transportation companies to smoothly transition from their conventional business models to new subscription based offerings. Other related solutions in the SAP ecosystem are key to helping transportation companies make the transition to these new business models.