Remove GAAP Remove IFRS Remove Marketing
article thumbnail

Cross-Listed Companies, Navigating International Reporting Standards 

CFO Talks

The next logical step might be to take your company to international markets by listing on a foreign stock exchange. IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving. Under IFRS 16, virtually all leases go on the balance sheet as liabilities.

IFRS 98
article thumbnail

IFRS 17 cost estimated at US$15B to US$20B for insurers

Future CFO

The total IFRS cost faced by the global insurance sector to implement the standard is estimated to hit the range of US$15 billion - US$20 billion, said Willis Towers Watson recently. Estimated IFRS costs vary significantly by insurer size, according to a Willis Towers Watson study which polled 312 insurers from 50 countries.

IFRS 52
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

Musings on Markets: Data Update 5 for 2022: The Bottom Line!

CFO News Room

That said, about 31% of the net profits of all publicly traded firms listed globally in 2021 were generated by financial service firms; that percent is lower in the US and higher in emerging markets. 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).

Marketing 130
article thumbnail

How Complex Are Your Business Finances?

https://trustedcfosolutions.com/feed/

The ability to receive those quick business insights also helps you respond to rapidly changing market conditions, so you remain highly competitive in a very demanding business environment. GAAP, IFRS, and cash base side by side for better visibility. The benefits don’t end there. . Ability to implement user-access controls.

Finance 104
article thumbnail

MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

According to Allied Market Research, "The global medical equipment rental market was valued at $56.0 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. billion in 2022, and is projected to reach $94.5 billion by 2032."

article thumbnail

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

Bramasol

Within the Five-Step model, Step 4 of ASC 606 and IFRS 15 requires an allocation of the total consideration in a contract, which your company is entitled to collect for each distinct performance obligation. Standalone Selling Price: What is SSP, why is it needed, and how is it determined?

SAP 80
article thumbnail

Designing Effective Financial Information Systems: A Guide for South African CFOs 

CFO Talks

The South African market offers a range of solutions, from cloud-based platforms that offer flexibility and scalability to on-premises systems that provide greater control and customization. Choosing the Right Software and Technology Selecting the appropriate financial software is a critical decision.

IFRS 98