CFO Talks

AUGUST 21, 2024

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.

Corporate Finance 52

Corporate Finance Finance Cash Flow Forecasting IFRS 52

Bramasol

OCTOBER 31, 2023

Bringing an Expanded RevRec "Compliance Mindset" into New Business Models: Even though subscription-based, Digital Solutions Economy (DSE) business models are radically changing many industries, RevRec compliance under ASC 606 and IFRS 15 is still required.

SAP 52

SAP IFRS Compliance Entertainment 52

Focus CFO

DECEMBER 6, 2021

GAAP or IFRS based. If you are a manufacturer or in construction, you need good cost accounting records. GAAP or IFRS standards in order to maximize the value of the company. These are most likely accrual basis financial statements. You need to have good internal controls, written process and procedures in place.

Numbers 52

Numbers GAAP IFRS CFO 52

CFO Talks

SEPTEMBER 17, 2024

This allows for smooth data flow and eliminates duplication or manual data entry errors. Automation to Reduce Human Error One of the primary benefits of a robust IT system is the ability to automate repetitive financial tasks. Automation reduces human error, which is one of the biggest risks in financial reporting.

Financial Reporting 52

Financial Reporting Auditing IFRS CFO 52

Bramasol

MARCH 24, 2022

ISSB was established by the IFRS Foundation in response to the Glasgow COP 26 conference in November 2021. From a global perspective, the International Sustainability Standards Board (ISSB) is also working on developing uniform financial reporting rules.

Accounting 77

Accounting SAP Analyzing Data IFRS 77

Bramasol

NOVEMBER 8, 2021

Movement on the part of global accounting groups, such as FASB, IASB and IFRS, to develop detailed compliance guidelines and regulations around carbon-accounting and sustainability. New legislation regarding carbon offsets and disclosure reporting that will materially impact many companies' bottom line.

Compliance 79

Compliance Accounting SAP IFRS 79

CFO Talks

SEPTEMBER 13, 2024

While based in Bologna, we’ll visit car manufacturers like Ferrari, Lamborghini, and Ducati as part of a mini-MBA program. Past tours have led to real business deals, such as when one of our members signed a distribution agreement with a Mexican car parts manufacturer. There will also be trips to Florence, Venice, and possibly Milan.

Finance 97

Finance Auditing CFO Leadership 97

Bramasol

NOVEMBER 13, 2023

In previous blog posts, we have addressed the challenges and opportunities regarding digital transformation and the Digital Solutions Economy (DSE) across a range of industries including, software & SaaS , semiconductors , media & entertainment , medical devices , transportation , electronics manufacturing , energy , and utilities.

SAP 74

SAP General Ledger IFRS Compliance 74

CFO Talks

MARCH 2, 2023

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.

Auditing 98

Auditing CFO IFRS Construction 98

CFO Talks

JUNE 23, 2022

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. ESG means using environmental, social and governance factors to report on a company’s sustainability.

IFRS 52

IFRS CFO Accounting Standards Education 52

Future CFO

MAY 15, 2023

Improving supply chain visibility can help strengthen the supply chain, increase the return on investment, and optimise all manufacturing and logistics activities. Effective hedge accounting strategies can be executed with real-time visibility into FX and interest rate exposures, ensuring compliance with regulations such as EMIR and IFRS 9.

IFRS 52

IFRS SAP Accounts Payable Compliance 52

CFO Talks

DECEMBER 26, 2021

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.

Manufacturing 75

Manufacturing CFO Budgeting IFRS 75

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. Agree on timelines for preparing data, so information is available in advance, and there’s enough time for close and consolidation.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 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

Bramasol

DECEMBER 13, 2021

They also need to address compliance requirements such as revenue reporting under ASC 606 and IFRS 15, which are still required but can be more complex for DSE business models. are generating lots of information and triggering actions in real time.

SAP 52

SAP Compliance Profit and Loss IFRS 52

Musings on Markets

OCTOBER 6, 2023

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.

Valuation 106

Valuation Profit and Loss Accounting Investments 106

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 82

Hurdle Rate Investments Accounting Entertainment 82

Musings on Markets

OCTOBER 19, 2021

Using the words of IFRS (1.7), ‘ Information is material if omitting, misstating or obscuring it could reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements, which provide financial information about a specific reporting entity ’.

Profit and Loss 73

Profit and Loss Accounting Numbers Valuation 73

Musings on Markets

JULY 14, 2021

Between 1897 and 1905, for instance, Westinghouse Electric & Manufacturing neither published an annual report, not held a shareholder meeting. In the years before the First World War, the demands for more disclosure came from critics of big business, concerned about their market power, but few companies responded.

GAAP 52

GAAP Forecasting Accounting Numbers 52

CFO Talks

DECEMBER 26, 2021

So that you will eventually have the CFO focusing on three reporting areas, the traditional IFRS, then secondly, business efficiencies, and then because of the difficult economic circumstances we are in, the only way that you can still maintain the bottom line is through better efficiencies.

CFO 40

CFO Profit and Loss Finance Accounting 40

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? So, whether you’re in financial services, telecommunications, or even manufacturing, investing in intangibles is highly correlated with better performance.

Leverage 52

Leverage Investments Economics Accounting 52

Bramasol

DECEMBER 14, 2023

The importance of these elements has been underscored consistently in our work on implementing DSE solutions across many different industries including media & entertainment , telecom , software & SaaS , semiconductors , transportation , medical devices , electronics manufacturing , oil & gas , and utilities.

Technology 84

Technology SAP IFRS Compliance 84

Onplan

NOVEMBER 30, 2022

Automated reporting also enforces compliance with GAAP and IFRS standards. Some of the industries that Centage caters to are finance and insurance, healthcare, manufacturing, and software. 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