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Cross-Listed Companies, Navigating International Reporting Standards 

CFO Talks

For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.

IFRS 98
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Members’ Profile: Rofhiwa Irene Singo

CFO Talks

This early encouragement played a key role in shaping my future, as it introduced me to the world of business and numbers. I quickly realised I had a natural affinity for finance and enjoyed working through financial problems. For newly qualified accountants aspiring to become CFOs, mastering technical skills early on is essential.

CFO 95
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Number Of Corporate Accounting Errors Unexpectedly Climbs

PYMNTS

A research firm has discovered that the number of material accounting mistakes made by U.S. listed companies since 2005, finding firms that had to reissue their financials due to errors. For many, the mistakes were discovered when corporate finance teams were changing accounting paperwork to comply with the new U.S.

Numbers 68
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How to Build Shareholder Trust with Reliable Financial Reports

Planful

In an ideal world, financial reports should build shareholder trust by offering accurate data about the performance of the company. In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. Create Detailed, Transparent Reports.

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Seizing opportunities in finance

Future CFO

In connection with this, the Association of Chartered Certified Accountants is urging businesses to take steps to maximise the opportunities of AI and lay foundations for responsible use of new technologies. Technology has long been a game-changer for accounting.

Finance 104
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Nonprofit Accounting Basics for Founders, Board Members & Executives

The Charity CFO

And then, there are a series of reports and financial statements you’ll use to communicate the financial reality of your organization to potential donors, the IRS, watchdog agencies, and other stakeholders. The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. .

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Set Up a Nonprofit Chart of Accounts (Free Template)

The Charity CFO

You don’t record any financial data in the Chart of Accounts itself; it’s like an organizational map of your accounting structure. In a nonprofit’s Chart of Accounts, each account is identified in four ways: number, name, category type, and a short description. Account Description.