CFO Talks

NOVEMBER 20, 2024

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.

IFRS 98

IFRS GAAP Currencies CFO 98

Bramasol

JULY 26, 2024

As shown below, everything that is needed can be combined within a unified architecture that leverages the inherent scalability of S/4HANA Public Cloud and SAP Business Technology Platform (BTP). GAAP, IFRS) for various countries and ensuring accuracy in financial reporting can add significant complexity and time to the close process.

SAP 80

SAP IFRS GAAP Compliance 80

Bramasol

JULY 31, 2023

In order to take these bundling scenarios to an optimal level, medical equipment makers need to leverage more integrated solutions that bring all the backend processes together in a seamless end-to-end environment that meshes with compliance and reporting mandates. For revenue recognition, they also must comply with ASC 606 and IFRS 15.

Accounting 71

Accounting SAP GAAP IFRS 71

Planful

AUGUST 1, 2017

Multi-GAAP reporting (i.e., US GAAP, Canadian GAAP, IFRS, etc.). So instead, most organizations leverage software applications designed to address all of these requirements – software that also helps them manage and streamline the close, consolidation, and reporting process. Intercompany reconciliations.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

Planful

FEBRUARY 21, 2017

These results then require consolidation following US GAAP or IFRS guidelines. Leveraging spreadsheets and email to manage the financial close and reporting process may work for smaller companies with simple requirements.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

CFO Talks

OCTOBER 1, 2024

Potential for Growth: Opportunities for South Africa to catch up in terms of leveraging data and technology for economic development. IFRS, US GAAP). CFOs must understand that properly leveraging intangible assets can create long-term value and competitive advantages for their business. Why is this important for CFOs?

Leverage 52

Leverage Investments Economics Accounting 52

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. The need for an EPM solution will emerge.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40