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Global ESG Regulatory Requirements One of the major ESG compliance developments to watch is the US Securities and Exchange Commission (SEC) proposed regulation on Climate-Related Disclosures and ESG Investing. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.
He adds that the accelerating implementation is fuelled not only by stakeholder expectations to make a positive impact on the environment but also through financing mechanisms to drive change such as sustainable investing and financing. This will improve consistency and comparability amongst organisations.
It’s clear that African CFOs are highly focused on education and development, perhaps because there’s so much investment and growth happening in Africa. As CFO of the Public Service Pension Fund, he plays a crucial role in managing pensions for thousands of public servants and making key investment decisions.
These include the Companies Act, the Tax Administration Act, the Financial Sector Regulation Act, and the International Financial Reporting Standards (IFRS), among others. Identify any gaps, invest in the necessary tools and training, and foster a culture of compliance within your finance team.
Some of the driving forces behind this shift to hard data and carbon accountability are: Increased emphasis by investment funds and individuals in choosing companies that can demonstrate tangible programs and quantifiable results in their carbon mitigation efforts.
Income from financial holdings (including cash balances, investments in financial securities and minority holdings in other businesses) are added back, and interest expenses on debt are subtracted out to get to taxable income. Returns on Invested Capital (or Equity). The numbers yield interesting insights. .
They have not invested in their accounting department or accounting records because they consider it “overhead”. Make the investment in real financial management and solid accounting records – and enjoy the business value you deserve. GAAP or IFRS based. GAAP or IFRS standards in order to maximize the value of the company.
It’s an international brand, one of the top manufacturers and suppliers of this equipment, who are your typical clients? I leave the younger generation to worry about the technicalities in the IFRS books, in the tax books, that’s what you have the specialist skills in the business for.
Practical Example: A South African manufacturing company, expecting a possible rise in inflation, bought its raw materials in advance. Following local tax laws, international financial reporting standards (IFRS), and other rules is essential but challenging. CFOs must balance short-term financial stability with long-term growth goals.
Income from financial holdings (including cash balances, investments in financial securities and minority holdings in other businesses) are added back, and interest expenses on debt are subtracted out to get to taxable income. The numbers yield interesting insights.
Metrics are not standardised, but can include how much water or electricity is used in the manufacturing process or how many business flights are taken annually or the diversity of a workforce. Potential investors increasingly consider this information when contemplating an investment. . Why CFOs must take ESG reporting seriously.
The Value of Intangible Assets Accounting has historically done a poor job dealing with intangible assets, and as the economy has transitioned away from a manufacturing-dominated twentieth century to the technology and services focused economy of the twenty first century, that failure has become more apparent.
A CFO in a manufacturing company can have their financial software integrated with the production system to automatically pull cost data, ensuring accurate and timely reporting of cost of goods sold. A system that works for a small business today might not meet the needs of a rapidly expanding company tomorrow.
South African-born Daniel Raubenheimer is a passionate MBA graduate with cross-functional experience in tech, FMCG and manufacturing, he’s now CFO at Silon in Atlanta, USA, a leading producer of technical compounds and polyester staple fibres. Before moving here, I worked for our company as a controller.
Improving supply chain visibility can help strengthen the supply chain, increase the return on investment, and optimise all manufacturing and logistics activities. Acting quickly and proactively. Once the impact is clear, the next step is to act quickly and proactively. Preparing for what's next.
The net effect is that investors feel more confused now, when investing in companies, than ever before, even though the push towards more disclosures has ostensibly been for their benefit. As we look at the explosion of disclosures around the world, there are many obvious culprits. One size (does not) fit all!
Between 1897 and 1905, for instance, Westinghouse Electric & Manufacturing neither published an annual report, not held a shareholder meeting. It is worth remembering that the reason that we have 10-Ks and S-1s at companies is for shareholders, interested in investing in the company, not regulators, consumers, accountants or lawyers.
So that’s climate change reporting, where it seems that the world’s investors would stop investing in your company, if you do not issue a progress report on how to get your company to net zero. As they move from manufacturing to retail, to the service industry, they get this experience that they need to be at the pinnacle.
South Africa’s lag in investing in intangible assets compared to advanced economies. Challenges with Intangible Asset Investments: Limited investment in intellectual property, data, and patents in South Africa. The importance of a thriving tech sector, with data-driven businesses and investments in disruptive technologies.
Key features — The top features each platform is known for or has invested in. Since Workday acquired Adaptive Planning, they’ve invested a lot in making the two systems work well together. Automated reporting also enforces compliance with GAAP and IFRS standards. Some clients have reported implementations of over a year.
Whether youre in agriculture, fintech, healthcare, manufacturing, education, or professional services, one truth holds firm if you can read the game, you can change it. They guide investment decisions, pricing strategies, risk management, and even organisational design. They turn insight into actionand action into advantage.
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. The problem with using this rationale for not borrowing money is that it misses the other side of debt usage, where using more debt reduces the equity that you will have to invest.
From an enterprise perspective, the adoption of new Gen-AI applications has triggered a flood of new initiatives and investment. Consolidation will help companies to benefit from their investments they’ve already made in sustainability disclosures while reducing the ‘alphabet soup’ of sustainability disclosures." trillion to $4.4
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