This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
According to Med Device Online , "Many manufacturers are implementing innovative pricing models to lower buyer-side pressure. Market dynamics and uncertainties are making revenues less predicable for MedTech manufacturers, thereby impairing forecasting and planning processes. How DSE Applies to the Medical Device Sector.
For example, according to Med Device Online , "Many manufacturers are implementing innovative pricing models to lower buyer-side pressure. For leasing, this means International Accounting Standards Board’s (IASB’s) IFRS 16 and US GAAP Financial Accounting Standards Board’s (FASB’s) ASC 842.
Bringing an Expanded RevRec "Compliance Mindset" into New Business Models: Even though subscription-based, Digital Solutions Economy (DSE) business models are radically changing many industries, RevRec compliance under ASC 606 and IFRS 15 is still required.
Strategic Measure: CFOs should focus on strong cash flow forecasting and planning for different scenarios. Practical Example: A South African manufacturing company, expecting a possible rise in inflation, bought its raw materials in advance.
Bringing an Expanded RevRec "Compliance Mindset" into New Business Models: Even though subscription-based, Digital Solutions Economy (DSE) business models are radically changing many industries, RevRec compliance under ASC 606 and IFRS 15 is still required.
They can also gain full cash visibility across the enterprise and predict cash flow with AI-enabled forecasting capabilities, optimising liquidity, accelerating cash flow, and simulating future outcomes. Acting quickly and proactively. Preparing for what's next.
Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)-compliant, so you can focus on what matters—telling your company’s financial story. Your financial reports and forecasts should quickly engage shareholders and investors, and manual, Excel-based processes aren’t set up to do that.
Using the words of IFRS (1.7), ‘ Information is material if omitting, misstating or obscuring it could reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements, which provide financial information about a specific reporting entity ’.
They also need to address compliance requirements such as revenue reporting under ASC 606 and IFRS 15, which are still required but can be more complex for DSE business models. Sales – streamlining of sales master data, sales contract management, sales order processing, billing, invoicing, claims, returns, refunds, and sales forecasting.
Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. OnPlan is a financial modeling and forecasting tool built by financial planners and analysts. Budgeting and rolling forecasts, as well as what-if scenario planning. Key features.
Between 1897 and 1905, for instance, Westinghouse Electric & Manufacturing neither published an annual report, not held a shareholder meeting. Of course, but investors know that already and can make their own corrections to these forecasts.
IFRS, US GAAP). Is there a significant difference between US GAAP and IFRS , or are we just being a bit too conservative here in South Africa? So, whether you’re in financial services, telecommunications, or even manufacturing, investing in intangibles is highly correlated with better performance.
How Understanding Industry Dynamics Gives You a Strategic Edge Most finance professionals spend their days buried in budgets, forecasts, and board packsbut those who rise above the rest understand the bigger picture: the dynamics shaping their industry. Its the same mindset CIBA members need: dont just analyse the nowscan for whats next.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content