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Navigating IFRS, Key Updates and Changes

CFO Talks

Navigating IFRS , Key Updates and Changes Introduction In today’s fast-paced financial world, staying up to date with the latest International Financial Reporting Standards (IFRS) is critical for CFOs. IFRS 16 Leases: Impact on Balance Sheets IFRS 16 has changed the way leases are recorded on balance sheets.

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Cross-Listed Companies, Navigating International Reporting Standards 

CFO Talks

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.

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The 5 Best Financial Reporting Software to Enhance the Productivity of CFO

Spreadym

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

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How to Comply with Accounting Standards for Nonprofits

The Charity CFO

Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Their mission is usually anchored on a cause or social purpose, not on the generation of profits. NPOs must adhere to these accounting policies to remain compliant with the law and maintain their tax-exempt status.

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Creating a sustainable future with ESG and finance

Jedox Finance

1 These pros and cons are enough to motivate the C-suite to expedite their ESG efforts, starting with determining the department responsible for ESG planning and reporting. The standards are designed to bring sustainability reporting on par with financial reporting over time.

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Leading with Purpose: Dr. Lawrence Nsibandze on Managing Public Service Pensions and Strategic Finance

CFO Talks

We develop financial strategies, direct the finance team, liaise with auditors and regulators, and produce annual financial statements. A big part of our work is ensuring compliance with International Financial Reporting Standards (IFRS). A CFO, on the other hand, takes a much broader view.

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166: Nicolaas van Wyk

CFO Talks

So it’s interesting that the focus isn’t only on climate change and reporting thereon and how to reduce emissions, but also on business efficiencies. The stakes are very high because you can lose your funding and investments and that means losses of jobs, losses of expansion of new branches or factories.

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