CFO Talks

SEPTEMBER 5, 2024

Moreover, your system must be designed to comply with relevant financial regulations and standards, such as the International Financial Reporting Standards (IFRS), Generally Accepted Accounting Practice (GAAP), and local tax laws. Regular updates to the system to reflect changes in these regulations are also crucial.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

PYMNTS

DECEMBER 16, 2016

This is especially true when multinationals must reconcile data across different accounting standards, such as GAAP and IFRS. Thus, the report concluded, firms would benefit from what is known as continuous accounting, where traditional month-end processes would be accelerated to occur more often and more rapidly.

IFRS 74

IFRS Reconciliations GAAP Accounting Standards 74

PYMNTS

JUNE 10, 2019

Reports in The Block Crypto late last week said a group of California CPAs has sent a letter to the Financial Accounting Standards Board, a federal board that sets Generally Accepted Accounting Principles (GAAP), requesting that it consider establishing a task force to address a lack of clarity in cryptocurrency accounting standards.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

Focus CFO

DECEMBER 6, 2021

GAAP financials when times get tough, and others manage to survive with street smarts. GAAP based Managerial Financial Statements. GAAP or IFRS based. GAAP or IFRS standards in order to maximize the value of the company. The Value of Good Accounting Records. At some point it will be time to sell.

Numbers 52

Numbers GAAP IFRS CFO 52

Future CFO

APRIL 18, 2022

DOWNLOAD NOW. The post IBM Cognos Controller: Financial close management managed by the office of finance appeared first on FutureCFO.

Finance 52

Finance IFRS GAAP Accounting Principles 52

CFO Leadership

OCTOBER 10, 2023

Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.), SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),

Accounting 95

Accounting Finance Auditing IFRS 95

Future CFO

OCTOBER 27, 2020

Local GAAP is much more common than international standards such as IFRS, with 71% of APAC jurisdictions taking the more localised approach. Source: TMF 2020.

Accounting 52

Accounting IFRS Auditing GAAP 52

The Charity CFO

JANUARY 19, 2023

In the United States, these Generally Accepted Accounting Principles (or GAAP) are set by the Financial Accounting Standards Board (FASB). First, nonprofits must follow GAAP, the Generally Accepted Accounting Principles. NPOs must adhere to these accounting policies to remain compliant with the law and maintain their tax-exempt status.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

Planful

JULY 5, 2016

However, the revenue recognition guidance offered under US GAAP vs. IFRS has differed and was in need of improvement. In May of 2014 , the two bodies issued their converged guidance under ASC 606 and IFRS 15. Background – What’s Changing and When?

Budgeting 40

Budgeting IFRS Planning GAAP 40

CFO Share

NOVEMBER 15, 2023

An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) What Do Financial Auditors Look For? Auditors assess your financial statements’ accuracy, ensuring they are free of material misstatements. The validity and accuracy of financial transactions and records. The efficacy of internal controls.

Auditing 52

Auditing IFRS GAAP Invoicing 52

Planful

JANUARY 19, 2016

Consolidating the financial results following US GAAP or IFRS guidelines, including these steps: Performing currency conversions. Ability to consolidate results according to US GAAP, IFRS, and other guidelines – within minutes. Managing complex intercompany reconciliations. Correctly accounting for minority interests.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

Future CFO

NOVEMBER 2, 2020

Many jurisdictions are moving towards international accounting standards such as International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP). Across these regions, local GAAP is more common than international standards, required in 71% and 44% of jurisdictions respectively.

Compliance 40

Compliance IFRS GAAP Accounting Principles 40

Planful

AUGUST 1, 2017

Multi-GAAP reporting (i.e., US GAAP, Canadian GAAP, IFRS, etc.). This includes dealing with the following issues: Currency translation. Non-controlling interest and minority ownership. Intercompany reconciliations. Then there are complexities in reporting to multiple stakeholders: Internal management reporting.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

CFO News Room

JANUARY 18, 2023

IFRS and GAAP now treat as leases as debt, but that is still not the case in many other markets that are not covered by either standard). The numbers yield interesting insights. .

Marketing 130

Marketing Hurdle Rate Investments Accounting 130

CFO Leadership

OCTOBER 18, 2023

Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.), SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),

Accounting 52

Accounting Finance Auditing IFRS 52

Planful

JULY 27, 2016

Not being compliant with US GAAP or IFRS. Challenges in consolidating multiple spreadsheets and correcting errors. Limited reporting and analysis capabilities, and too much manual effort. Lack of controls and audit trails. Lack of security. Time-consuming and costly audit process.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Value-Added Analysis Auditing 40

Planful

JUNE 22, 2017

GAAP or International Financial Reporting Standards (IFRS). Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g., Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts.

Accounting 40

Accounting General Ledger IFRS GAAP 40

Planful

SEPTEMBER 5, 2019

Planful gives you a robust library of report templates to build the foundation of GAAP and IFRS-compliant balance sheets, income statements, statements of cash flow, and other financial and statutory reports. It integrates with other on-premise and cloud-based business systems to eliminate cut-and-paste tedium and human error.

Financial Reporting 40

Financial Reporting IFRS GAAP Auditing 40

Planful

FEBRUARY 21, 2017

These results then require consolidation following US GAAP or IFRS guidelines. It usually begins with the collection of financial results from multiple systems, divisions, and subsidiaries with each having their own charts of accounts and business practices.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

Musings on Markets

FEBRUARY 27, 2022

IFRS and GAAP now treat as leases as debt, but that is still not the case in many other markets that are not covered by either standard). The numbers yield interesting insights.

Hurdle Rate 98

Hurdle Rate Investments Accounting Entertainment 98

Planful

SEPTEMBER 6, 2021

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.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40

Planful

JANUARY 3, 2017

These systems provide built-in support for complexities such as currency translation, intercompany eliminations, and reporting under multiple accounting guidelines, such as US GAAP or IFRS.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

Musings on Markets

OCTOBER 6, 2023

In sum, the accounting obsession with intangibles, and how best to deal with them, has not translated into material changes on balance sheets, at least with GAAP in the United States.

Valuation 125

Valuation Profit and Loss Accounting Investments 125

Michigan CFO

MARCH 21, 2023

Oops, You Just Missed Out on Thousands… When goodwill valuations stand up to investor scrutiny, you can unlock the true potential of your business Maximize Your Goodwill Examples of Goodwill Assets Examples of intangible assets that can be classified as goodwill in the sale of a business include: Brand reputation Earning capacity Customer loyalty Employee (..)

Valuation 40

Valuation CFO IFRS Sales 40

Spreadym

AUGUST 10, 2023

Compliance: Adherence to accounting standards and regulations, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Data Visualization: Graphs, charts, and visual representations of financial data to help users better understand trends, patterns, and insights.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

Musings on Markets

JULY 14, 2021

Almost in parallel, accounting as a profession found its footing and worked on creating rules that would apply to reporting, at least at publicly traded companies, with GAAP (Generally Accepted Accounting Principles) making its appearance in 1933.

GAAP 52

GAAP Forecasting Accounting Numbers 52

Musings on Markets

JANUARY 9, 2021

For instance, I have always computed the present value of lease commitments in future years and treated that value as debt, a practice that IFRS and GAAP have adopted in 2019, but that computation requires explicit disclosures of lease commitments in future years.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

CFO Talks

OCTOBER 1, 2024

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? They need to determine how to capitalize intangible assets and ensure compliance with local and international accounting standards (e.g.,

Leverage 52

Leverage Investments Economics Accounting 52

Onplan

NOVEMBER 30, 2022

Automated reporting also enforces compliance with GAAP and IFRS standards. Automated financial reporting: Planning Maestro uses built-in accounting logic to automate financial reporting, including KPI and variance analysis.

Financial Planning and Analysis (FP&A) 52

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

Musings on Markets

FEBRUARY 23, 2025

It was only in 2019 that the accounting rule-writers (IFRS and GAAP) finally did the right thing, albeit with a myriad of rules and exceptions.

Hurdle Rate 75

Hurdle Rate Marketing Investments IFRS 75