https://trustedcfosolutions.com/feed/

JUNE 2, 2022

Use dimension values to capture your business transactions, operational measures, and budgets in General Ledger. GAAP, IFRS, and cash base side by side for better visibility. Seamless scaling without adding headcount. Ability to implement user-access controls. Ability to view performance on U.S. Define your own workflows.

Finance 104

Finance General Ledger IFRS GAAP 104

Bramasol

AUGUST 31, 2023

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15. This provides the basis for real-time matching of revenue and cost.

SAP 84

SAP Accounting Reconciliations General Ledger 84

Bramasol

JULY 26, 2024

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 79

SAP IFRS GAAP Compliance 79

Bramasol

NOVEMBER 13, 2023

For example, at Bramasol we made a decision over a decade ago to focus on SAP finance solutions for the office of the CFO, with a specific emphasis on the new revenue recognition compliance requirements in ASC 606 and IFRS 15.

SAP 72

SAP General Ledger IFRS Compliance 72

Planful

JUNE 22, 2017

Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. GAAP or International Financial Reporting Standards (IFRS). Consolidating the data following specific financial accounting rules and guidelines, such as U.S.

Accounting 40

Accounting General Ledger IFRS GAAP 40

Bramasol

SEPTEMBER 8, 2024

Event-based revenue recognition is fully integrated with the General Ledger and the recognition data is stored in the same location as cost and revenue data. With Universal Parallel Accounting, you can benefit from the flexibility of the parallel ledgers not only in General Ledger Accounting but also in various subledgers.

SAP 58

SAP General Ledger Compliance Accounting Standards 58

Planful

JANUARY 3, 2017

General ledger accounting. The data in an ERP system is typically summarized in the general ledger module. 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