Future CFO

AUGUST 9, 2020

Brian O’Donovan from KPMG International Standards Group provides an update on plans to amend IFRS 16 Leases in response to the COVID-19 coronavirus pandemic. The post What changes are being made to IFRS 16 because of COVID-19? appeared first on FutureCFO.

IFRS 40

IFRS Planning Accounting Finance 40

Future CFO

JANUARY 13, 2025

Although over half (62%) of companies studied have included sections on nature and biodiversity in their sustainability report, only 7% disclosed that they currently refer to the TNFD framework for their nature and biodiversity reporting, while 11% plan to align with it in the future.

IFRS 52

IFRS Leadership Planning CFO 52

https://trustedcfosolutions.com/feed/

FEBRUARY 18, 2022

Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place. All the data you need is captured in real-time for improved financial forecasting, reporting, and planning accuracy.

GAAP 116

GAAP IFRS Compliance Accounting 116

Bramasol

JULY 22, 2023

From a global perspective, the International Sustainability Standards Board (ISSB), which was established by the IFRS in November 2021 at COP26 in Glasgow, has issued its first two standards. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

IFRS 82

IFRS Accounting SAP Compliance 82

The Finance Weekly

JUNE 17, 2024

Financial planning and analysis (FP&A) is important in automating all of the manual tasks in the finance department and giving everyone greater insights into the data. FP&A not only supports business and financial decision-making but also provides management with insights into the organization’s strategic plans and investments.

Financial Planning and Analysis (FP&A) 52

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

Bramasol

OCTOBER 26, 2021

Of course, one of the things that we've all learned over the years is that there is rarely a perfect one-size-fits-all solution for everyone, so we encourage clients to consider all the available options, especially when planning a major business transformation program. Overview of Comply, Optimize, Transform.

SAP 81

SAP IFRS Compliance Treasury 81

CFO Talks

SEPTEMBER 5, 2024

Ensuring Data Integration In today’s interconnected world, your FIS must seamlessly integrate with other business systems, such as Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Human Resources (HR) systems. Planning for Scalability Finally, it’s crucial to design your FIS with the future in mind.

IFRS 98

IFRS GAAP Compliance Reconciliations 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 29, 2022

Market dynamics and uncertainties are making revenues less predicable for MedTech manufacturers, thereby impairing forecasting and planning processes. The shift from CAPX purchase models to subscription based offerings requires medical device manufacturers to adapt their revenue recognition and reporting systems to assure compliance.

SAP 71

SAP IFRS Manufacturing Compliance 71

Planful

JULY 5, 2016

But Robert Kugel , SVP and Research Director at Ventana Research, recently published an article highlighting the impact the new guidelines can have on budgeting and planning. However, the revenue recognition guidance offered under US GAAP vs. IFRS has differed and was in need of improvement. Background – What’s Changing and When?

Budgeting 40

Budgeting IFRS Planning GAAP 40

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. Digital Transformation: Is there a way to map out an incremental plan for migrating our business to S/4HANA? What are the options?

SAP 80

SAP IFRS GAAP Compliance 80

Future CFO

DECEMBER 4, 2023

ISSB preparedness The research looked at companies’ readiness for meeting the requirements for IFRS S2 Climate-related Disclosures. Yet the study shows that only 53% of the surveyed companies are providing disclosure against some kind of transition plan.

IFRS 52

IFRS Risk Management Planning Finance 52

Planful

JULY 27, 2016

Are you wondering how best to make the business case to your company for investing in a cloud-based planning or reporting solution? Reducing Reliance on Spreadsheets for Budgeting, Planning, and Reporting. The key challenges in using spreadsheets and email for budgeting and planning: Too much manual work – the process takes too long.

Financial Planning and Analysis (FP&A) 40

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

E78 Partners

AUGUST 22, 2024

Outsourcing tax and compliance risks can alleviate the burden, allowing leaders to focus on growth.

Accounting 59

Accounting IFRS Compliance Strategic Planning 59

CFO Leadership

OCTOBER 10, 2023

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC. With a large and diverse enough data set (e.g.

Accounting 95

Accounting Finance Auditing IFRS 95

CFO Talks

MARCH 2, 2023

Financial indices are all positive, we’ve just presented our business plans to our shareholders and we’re still portraying a positive business plan for next year. 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

Bramasol

MARCH 24, 2022

Information about climate-related targets and goals, and transition plan, if any. ISSB was established by the IFRS Foundation in response to the Glasgow COP 26 conference in November 2021. Certain climate-related financial statement metrics and related disclosures in a note to its audited financial statements; and ?

Accounting 76

Accounting SAP Analyzing Data IFRS 76

E78 Partners

AUGUST 22, 2024

Outsourcing tax and compliance risks can alleviate the burden, allowing leaders to focus on growth.

Accounting 52

Accounting IFRS Compliance Strategic Planning 52

Future CFO

MAY 1, 2024

Unlike IFRS standards that are well-structured and finance practices that allow flexibility based on internal business needs, changing regulatory guidelines has caused ambiguity and anxiety due to the very fluid and subjective interpretations that can lead to material dollar spend for the company.”

Leadership 98

Leadership IFRS Finance Communication 98

Bramasol

JUNE 25, 2024

This has enabled clients to smoothly comply with ASC 842 and IFRS 16. Financial Planning and Analysis (FP&A): In addition to capturing and reporting what has happened, CFOs and their staff also need tools for looking ahead to assure improved success in the future. That's where FP&A plays a key role.

Compliance 56

Compliance Financial Planning and Analysis (FP&A) Accounting SAP 56

CFO Talks

SEPTEMBER 26, 2024

Complex Reporting Standards: Adhering to both International Financial Reporting Standards (IFRS) and local regulations can complicate financial reporting. For SMEs, the IFRS for SMEs standard simplifies reporting but still requires thorough understanding and application.

IFRS 52

IFRS Compliance Auditing Financial Reporting 52

Future CFO

APRIL 18, 2022

Click on the link to download to discover in detail a list of the benefits that IBM Cognos Controller provide for finance teams: Data collection and validation Reconciliations Workflow and tasks to improve the close cycle Currency conversion Minority interest calculations Inter-company eliminations Group closing adjustments Management adjustments Allocations (..)

Finance 52

Finance IFRS GAAP Accounting Principles 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 62

SAP IFRS Compliance Entertainment 62

CFO Talks

JULY 16, 2024

Held over two days, this year’s event focused on the expanding roles of CFOs in forecasting, planning, and strategic decision-making, highlighting the importance of technological advancements in driving business innovation. Pieter highlighted the importance of fostering collaboration and sharing best practices among CFOs globally.

Leadership 52

Leadership CFO IFRS Strategic Planning 52

Future CFO

MAY 16, 2024

Lim explains that an implementable climate transition plan would mean that it is sufficiently robust to deliver on the said ambition. "It

Finance 52

Finance IFRS Construction Education 52

CFO Share

NOVEMBER 15, 2023

As a small business owner or finance manager, it’s crucial to approach this process with a clear plan. An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) Based on the audit findings, create an action plan to address any issues and refine your financial processes. What Do Financial Auditors Look For?

Auditing 52

Auditing IFRS GAAP Invoicing 52

CFO Talks

AUGUST 21, 2024

Strategic Measure: CFOs should focus on strong cash flow forecasting and planning for different scenarios. By creating different financial plans for various economic situations, CFOs can better prepare for and respond to potential problems.

Corporate Finance 52

Corporate Finance Finance Cash Flow Forecasting IFRS 52

Future CFO

MARCH 5, 2024

Despite agreeing to climate commitments, about 56% of those surveyed in Southeast Asia do not disclose a transition plan to back these. Of those that do disclose plans (44%), the level of detail remains limited. Agriculture, however, falls behind, with 47% of those surveyed in that sector disclosing any form of transition plan.

IFRS 52

IFRS Compliance Leverage Transportation 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

CFO Talks

JUNE 7, 2022

Accounting knowledge (IFRS and taxation). Competencies include: Staff planning. Information quality and control rationalisation are top-of-mind issues for the Steward. Competencies include: Working knowledge of risk management, budget, and forecasting tools. Investment and credit risk knowledge. Project management. Corporate finance.

CFO 52

CFO IFRS Risk Management Leadership 52

Bramasol

SEPTEMBER 8, 2024

Better Insights : Provides deeper insights into revenue metrics and performance, supporting better decision-making and strategic planning. Upon the release of a service contract, revenue is calculated and posted according to the billing plan tied to the contract items. This PoC is then applied to the planned cost.

SAP 59

SAP General Ledger Compliance Accounting Standards 59

Planful

JANUARY 19, 2016

Consolidating the financial results following US GAAP or IFRS guidelines, including these steps: Performing currency conversions. The financial close and consolidation modules provided by cloud-based EPM providers, such as Planful , make the year-end close and reporting process much less painful. Enter cloud-based EPM software.

IFRS 40

IFRS Reconciliations GAAP Auditing 40

The Finance Weekly

JANUARY 31, 2022

This is another key pillar of the leadership development for financial planning and analysis (FP&A) professionals. An FP&A leader should be able to integrate financial planning with strategic and operational planning in order to drive the overall business performance that will result in the financial success of the organization.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leadership IFRS Budgeting 52

CFO Leadership

OCTOBER 18, 2023

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC. With a large and diverse enough data set (e.g.

Accounting 52

Accounting Finance Auditing IFRS 52

Planful

SEPTEMBER 5, 2019

Our customers love to tell us how many inefficiencies they had in their reporting process before they started using the Planful Platform for financial reporting. Planful Reporting has even helped some of our customers reduce their reporting times by 90% ! That’s just one simple example. That’s huge, and it’s easily attainable. .

Financial Reporting 40

Financial Reporting IFRS GAAP Auditing 40

Jedox Finance

JULY 11, 2023

1 These pros and cons are enough to motivate the C-suite to expedite their ESG efforts, starting with determining the department responsible for ESG planning and reporting. Numerous associations, consultants, and analysts have promoted the idea of the finance function assuming the core responsibility for ESG planning, tracking, and reporting.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Profit and Loss Compliance 52

Planful

JUNE 22, 2017

GAAP or International Financial Reporting Standards (IFRS). While these systems have historically been deployed in on-premises data centers, they are now available as Cloud Financial Planning and Analysis Solutions. . Consolidating the data following specific financial accounting rules and guidelines, such as U.S.

Accounting 40

Accounting General Ledger IFRS GAAP 40