Focus CFO

DECEMBER 6, 2021

The Number One Problem With Selling a Business. GAAP or IFRS based. GAAP or IFRS standards in order to maximize the value of the company. The post The Number One Problem With Selling a Business appeared first on FocusCFO. By Michael Stier. GAAP based Managerial Financial Statements. At some point it will be time to sell.

Numbers 52

Numbers GAAP IFRS CFO 52

https://trustedcfosolutions.com/feed/

FEBRUARY 18, 2022

It used to be the domain of a relatively small number of wealthy families. Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place. Family offices are growing in popularity.

GAAP 116

GAAP IFRS Compliance Accounting 116

Bramasol

JUNE 10, 2022

For example, a company with branches doing business in the United States and the European Union will need to comply with both GAAP and IFRS accounting principles. The account-based approach uses account logic identifiers to assign accounting principles, such as using unique prefixes to determine which accounts use IFRS vs GAAP principles.

Accounting Principles 79

Accounting Principles IFRS Accounting SAP 79

Future CFO

JUNE 12, 2024

Hence, it is crucial to adopt established standards and frameworks such as the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB), the Greenhouse Gas Protocol and ISO 14064.

Compliance 98

Compliance IFRS Risk Management Finance 98

Bramasol

JULY 31, 2023

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. For revenue recognition, they also must comply with ASC 606 and IFRS 15.

Accounting 71

Accounting SAP GAAP IFRS 71

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.

SAP 85

SAP Accounting Reconciliations General Ledger 85

CFO Leadership

OCTOBER 10, 2023

They’re not very good at mathematics or dealing with numbers in general. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),

Accounting 95

Accounting Finance Auditing IFRS 95

PYMNTS

JUNE 10, 2019

The CPAs’ request comes as the International Financial Reporting Standards Foundation (IFRS) Interpretations Committee prepares to meet this week in London to discuss standards in the cryptocurrency taxation space. Earlier this year EY launched a corporate cryptocurrency accounting and tax management solution.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

CFO News Room

JANUARY 18, 2023

The question of whether a company is making or losing money should be a simple one to answer, especially in an age where accounting statements are governed by a myriad of rules, and a legion of number-crunchers follow these rules to report profits generated by a firm. The numbers yield interesting insights. .

Marketing 130

Marketing Hurdle Rate Investments Accounting 130

Future CFO

MAY 1, 2024

Giselle Arellano-Geronimo A controller, for Geronimo, also has the privilege to make a story out of the numbers and convert the results of the financials into actionable business decisions and strategies that help shape the business. “A

Leadership 98

Leadership IFRS Finance Communication 98

Future CFO

MAY 16, 2024

Last year, the amount of sustainable financing provided to our clients to support the region’s transition towards a low-carbon economy more than doubled from 2022 numbers to S$44.5 "We are seeing the same trend at UOB.

Finance 52

Finance IFRS Construction Education 52

Future CFO

AUGUST 18, 2022

The number of global companies obtaining independent assurance on their ESG information increased from 51% to 58% in 2020, compared to the previous year, said the International Federation of Accountants ( IFAC ) recently. SASB’s parent organisation, The Value Reporting Foundation, will consolidate into the IFRS Foundation on Aug.

IFRS 52

IFRS Auditing Accounting Standards Accounting Firms 52

Planful

JULY 5, 2016

However, the revenue recognition guidance offered under US GAAP vs. IFRS has differed and was in need of improvement. So for a number of years, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working to converge their guidelines for revenue recognition.

Budgeting 40

Budgeting Planning IFRS GAAP 40

Planful

JANUARY 19, 2016

Half of the time the numbers were unreadable, so we had to confirm them via phone. Then we would key the numbers into a spreadsheet and perform the currency translations there. (I It’s More Than Just Rolling-Up Numbers. Ability to consolidate results according to US GAAP, IFRS, and other guidelines – within minutes.

IFRS 40

IFRS Reconciliations GAAP Auditing 40

Musings on Markets

FEBRUARY 27, 2022

Measuring Profitability The question of whether a company is making or losing money should be a simple one to answer, especially in an age where accounting statements are governed by a myriad of rules, and a legion of number-crunchers follow these rules to report profits generated by a firm. The numbers yield interesting insights.

Hurdle Rate 99

Hurdle Rate Investments Accounting Entertainment 99

CS Lucas

NOVEMBER 29, 2023

This tracking covers any periodic interest or principal payments across an unlimited number of concurrent structures. Accounting Compliance Specialist tools guarantee lending treatments comply fully with evolving IFRS accounting standards. Management and auditors gain on-demand reporting.

Technology 52

Technology Treasury IFRS Compliance 52

CFO Leadership

OCTOBER 18, 2023

They’re not very good at mathematics or dealing with numbers in general. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),

Accounting 52

Accounting Finance Auditing IFRS 52

Planful

JULY 27, 2016

Not being compliant with US GAAP or IFRS. The good news here is that cloud-based solutions have been available for a number of years, and many now offer the same capabilities as on-premises solutions. They also provide a number of advantages over on-premises solutions: Speed of deployment. Lack of controls and audit trails.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Value-Added Analysis Budgeting 40

Planful

JUNE 22, 2017

GAAP or International Financial Reporting Standards (IFRS). Financial Consolidation is More Than Just Adding Up Numbers. To those who aren’t familiar, financial consolidation might sound like simply adding up numbers from a group of companies—but it’s more than this. Reporting results to internal and external stakeholders.

Accounting 40

Accounting General Ledger IFRS GAAP 40

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 96

Profit and Loss Accounting Numbers Marketing 96

Musings on Markets

OCTOBER 6, 2023

These are also the sectors with the lowest book values, relative to market value, suggesting that whatever accountants are doing to bring in intangibles in these companies into book value is not having a tangible effect on the numbers. So, how far has accounting come in bringing intangible assets on to balance sheets?

Valuation 126

Valuation Profit and Loss Accounting Investments 126

The Finance Weekly

MARCH 28, 2022

At COP26, the International Financial Reporting Standards Foundation (IFRS Foundation), which supervises accounting standards in more than 140 countries, predominantly in Europe and Asia, announced the formation of the , International Sustainability Standards Board (ISSB).

Finance 52

Finance Auditing Accounting Standards IFRS 52

Planful

SEPTEMBER 5, 2019

Think about your current reporting process and start counting the number of ways you could improve upon it. Planful gives you a robust library of report templates to build the foundation of GAAP and IFRS-compliant balance sheets, income statements, statements of cash flow, and other financial and statutory reports. Edwards Deming.

Financial Reporting 40

Financial Reporting IFRS GAAP Auditing 40

Planful

SEPTEMBER 6, 2021

Let go of spreadsheets—error-prone, inefficient, and often hindering—and move toward technology that allows you and the shareholders to trust the numbers. Planful supports collaboration and data integration across the business, so you can be confident in your numbers and view the data from a single source of truth.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40

Planful

AUGUST 1, 2017

Consolidating financial results might sound easy on the surface, but it’s more than just adding up numbers. US GAAP, Canadian GAAP, IFRS, etc.). In an organization that’s operating with multiple divisions, in multiple countries and regions, the process can become complex. Non-controlling interest and minority ownership.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

Musings on Markets

JANUARY 9, 2021

In closing, I also want to dispense with the notion that data is objective and that numbers-focused people have no bias. Finally, it is worth noting that, notwithstanding the travails of last year, the number of firms in the data universe increased from 44,394 firms at the start of 2020 to 46,579 firms, a 4.9%

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

Musings on Markets

JULY 14, 2021

In the years since, disclosure requirements have changed and expanded, with companies in foreign markets creating their own rules in IFRS (International Financial Reporting Standards), with many commonalities and a few differences from GAAP. In 2019, Uber claimed that its TAM was $5.2

GAAP 52

GAAP Forecasting Accounting Numbers 52

CFO Talks

MARCH 31, 2022

Again, we get a lot of that from the bodies that we are members of, with ACCA there are loads of webinars about things that are constantly changing, even for IFRS, for instance, that is always constantly changing. For me, learning is a constant thing, we live in an evolving and changing world.

CFO 40

CFO Finance Accounting IFRS 40

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

Onplan

NOVEMBER 30, 2022

Despite its extensive number of integrations, Adaptive has seen users complain that ERP integrations tend to break and require a long time and multiple support interventions to repair. Automated reporting also enforces compliance with GAAP and IFRS standards. It also offers convenient multi-currency management.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52

CFO Talks

JANUARY 27, 2025

So, for example, they would be the liaison for the IFRS Foundation either through the ISB, so the International Accounting Standards Board, or the International Sustainability Standards Board as an example. I once did a analysis of the IFRS Foundation’s budget. So that’s a little bit about my journey.

CFO 52

CFO Auditing IFRS Accounting 52

CFO Talks

SEPTEMBER 13, 2024

A big part of our work is ensuring compliance with International Financial Reporting Standards (IFRS). So, while accountants focus on the numbers, a CFO needs to have a much wider perspective, ensuring that all aspects of the business are aligned to create long-term value.

Finance 97

Finance Auditing CFO Leadership 97

Bramasol

DECEMBER 14, 2023

The number of subscribers has grown significantly, from around 370 in 2015 to over 20,000 in 2022. According to the IFRS, "IFRS S1 and IFRS S2 are built on and consolidate the TCFD recommendations , SASB Standards , CDSB Framework , Integrated Reporting Framework and World Economic Forum metrics to streamline sustainability disclosures. 

Technology 83

Technology SAP IFRS Compliance 83

CFO Talks

APRIL 2, 2025

Too many CFOs and finance leaders focus only on internal numbers. Because understanding these shifts is the difference between: Taking bold, confident decisionsor hesitating too long Seeing an opportunity earlyor being left behind Being a number cruncheror a strategic force For finance leaders, this isnt theoretical, its survival.

IFRS 52

IFRS CFO Healthcare Numbers 52

Musings on Markets

FEBRUARY 23, 2025

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. With only 145 corporate defaults, 2024 was a relatively quiet year, since that number was slightly lower than the 153 defaults in 2023, and the default rate dropped slightly (from 3.6%

Hurdle Rate 75

Hurdle Rate Marketing Investments IFRS 75