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IFRS 17 challenges: Disrupting business as usual

Future CFO

One of the major IFRS 17 challenges is that it’s disrupting business as usual for insurers. According to a WTW IRS 17 survey, there are major post-implementation challenges that insurers still need to overcome after reporting their half-year 2023 results under IFRS 17 for the first time.

IFRS 52
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IFRS 17: Huge work required before delivery success

Future CFO

Insurers have reported that there is still a huge amount of work to complete in order to successfully deliver IFRS 17 ahead of the 2023 deadline, said WTW recently. According to WTW’s latest survey, entitled ‘IFRS 17: Will we make it?’, insurers report material progress has been made since WTW’s previous IFRS 17 poll in 2021.

IFRS 52
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The Changing Role of CFOs in a Technology-Driven World

Bramasol

Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too.

IFRS 95
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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. Meanwhile, fine-tuning AI models for specific finance and accounting tasks is a promising but costly endeavor. Companies like Google and Amazon are investing heavily in AI R&D to customize models for their needs.

Finance 95
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TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. Meanwhile, fine-tuning AI models for specific finance and accounting tasks is a promising but costly endeavor. Companies like Google and Amazon are investing heavily in AI R&D to customize models for their needs.

Finance 52
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It’s crunch time for CFOs when it comes to ESG reporting

CFO Talks

ESG reporting is becoming an integral part of the modern CFO’s role. . Potential investors increasingly consider this information when contemplating an investment. . Why CFOs must take ESG reporting seriously. The post It’s crunch time for CFOs when it comes to ESG reporting appeared first on CFO Club Africa.

IFRS 52
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How is Goodwill Taxed When Selling a Business?

Michigan CFO

In accounting, indefinite lifespan refers to an asset where its rate of capital depreciation isn’t known or cannot be easily calculated. This is good news for business owners because the tax rates for a long-term capital gain investment are less than other asset tax rates, such as short-term capital gains.