The Finance Weekly

MARCH 28, 2022

What's behind it, and why should CFOs and finance leaders care about it? Continue reading to learn what ESG reporting is, what's new with ESG reporting standards, why Finance teams should care, and the five benefits of aligning ESG and financial reporting. But CFOs and Finance teams are now starting to become involved.

Finance 52

Finance Auditing Accounting Standards IFRS 52

Future CFO

APRIL 18, 2022

Finance organizations regularly face the challenges of meeting strict deadlines and satisfying data quality requirements for closing the books and delivering accurate financial statements. It enables finance teams to automate and accelerate the financial close with minimal IT support. DOWNLOAD NOW.

Finance 52

Finance IFRS GAAP Accounting Principles 52

PYMNTS

DECEMBER 12, 2019

Securities and Exchange Commission is turning its attention to a lack of transparency within corporates’ investor disclosures as more businesses use supply chain financing. Reports in Bloomberg Tax this week said SEC Corporation Finance Deputy Chief Accountant Lindsay McCord spoke Tuesday (Dec. Rising Criticism.

Finance 58

Finance Accounting Standards Auditing Corporate Finance 58

PYMNTS

MARCH 6, 2019

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. In the U.K., In the U.S., But researchers warn that corporates continue to find ways to hide the bad news.

Corporate Finance 55

Corporate Finance Finance Accounting Standards Accounting Principles 55

The Charity CFO

APRIL 20, 2023

In today’s digital age, technology has revolutionized almost every aspect of business operations, including accounting and finance. For-profit companies have long used accounting software to track their financial transactions and monitor their bottom lines. Some tools may also provide forecasting based on historical data.

Nonprofit 98

Nonprofit Accounting Accounting Standards Budgeting 98

PYMNTS

OCTOBER 25, 2019

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct. As the letter notes, U.S.

Finance 40

Finance GAAP Compliance Accounting Standards 40

Future CFO

OCTOBER 29, 2023

FP&A functions bring in a lot of value to the banking sector across numerous time horizons simultaneously--even in the highly compliance-focused area of meeting the requirements of important new accounting standards. The post FP&A as foundation for banks' risk management appeared first on FutureCFO.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Risk Management Banking Accounting Standards 52

PYMNTS

APRIL 29, 2020

Accounts receivable at many businesses continue[s] to grow as their customers hold onto cash,” Jason Brodmerkel, CPA, AICPA senior manager, Accounting Standards, said in the announcement. Providing liquidity for accounts receivable would help encourage growth and investments in business.”.

Finance 57

Finance Accounting Standards Treasury B2B 57

The Charity CFO

APRIL 13, 2023

Accounting Standards In the United States, all organizations must adhere to the Generally Accepted Accounting Principles (GAAP). For nonprofits, however, there is an additional and specific set of standards that organizations must follow, as set out by the FASB 117. Reach out to us here for a free consultation.

Nonprofit 52

Nonprofit Compliance Accounting Standards Budgeting 52

PYMNTS

AUGUST 1, 2018

Trade finance is a critical part of cross-border trade, particularly for small businesses. The explosion of different kinds of trade finance enables businesses to address multiple areas of cash flow gaps for both buyers and suppliers, all with the same goal: keep the global trade gears turning. Defunct U.K. Defunct U.K.

Finance 40

Finance Mergers and Acquisitions (M&A) Invoicing Accounting Standards 40

Future CFO

NOVEMBER 27, 2023

The review assessed disclosures made by a sample of interim financial statements of ten companies against the requirements of the accounting standard in their first year of application, the accounting body said.

IFRS 52

IFRS Accounting Standards Performance Measuring Reconciliations 52

The Charity CFO

JULY 28, 2022

All nonprofit accounting rules in the United States are defined and codified by the Financial Accounting Standards Board, or “FASB”. Back in 2016, FASB revised its rules related to accounting for leases, which impact any contract to rent property or equipment that lasts more than 12 months.

Nonprofit 98

Nonprofit Accounting Accounting Standards CFO 98

Future CFO

NOVEMBER 5, 2023

To instill trust in potential investors, the CFO’s second crucial task is building proficient finance teams across various functions. These include controllership, Financial Planning and Analysis (FP&A), Investor Relations (IR), financial operations (FinOps), business finance, tax, treasury, and more.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Benchmarking Risk Management 52

VCFO

JULY 22, 2022

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward.

Accounting 78

Accounting Accounting Standards Economics Advertising 78

PYMNTS

JUNE 4, 2020

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant. In the U.S.,

Accounting 52

Accounting Accounting Standards Cash Flow Forecasting Compliance 52

Fpanda Club

SEPTEMBER 2, 2021

The growing variety and complexity of tasks within the finance function has resulted in the creation of a discipline that is supposed to become a bridge between the finance and business to support decision-making process by leveraging data and technology. This relates to FP&A which stands for financial planning and analysis.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

VCFO

MAY 30, 2022

Jose is a senior finance professional with more than 30 years of experience in financial management roles in manufacturing and international energy ventures. Joining vcfo’s Houston market as a Consulting CFO is Jose Perez-Bello. Jose is fluent in both English and Spanish. About vcfo.

CFO 52

CFO Auditing Leadership Financial Modeling 52

Future CFO

OCTOBER 8, 2023

Hefty cost of IFRS 17 The total cost faced by the global insurance industry to implement the IFRS 17 accounting standard is now estimated to be US$21-27billion, WTW observed. Dividend-paying capacity unaffected: Nearly all 2023 survey participants declared that dividend-paying capacity has been unaffected by IFRS 17.

IFRS 52

IFRS Accounting Standards Accounting Investments 52

Future CFO

MARCH 8, 2023

At the conclusion of the FutureCFO Excellence Awards 2023, we spoke to Tay Siang Leng , CFO for QBE Asia and asked him what he thought were the three (3) most challenging aspects of being a finance leader in 2022. (1) By most accounts, the global economy is heading for a slowdown in 2023. Build a diverse team and listen actively.

CFO 98

CFO Communication Economics Finance 98

Bramasol

SEPTEMBER 29, 2023

According to a PwC 2022 Global Digital CFO Survey , 73% of CFOs agree that digitalization of the finance function is a high priority and already 18.5% Globalization CFOs have long needed to assure compliance with two different standards-setting bodies. The first is the Financial Accounting Standards Board (FASB) in the United States.

IFRS 95

IFRS Technology SAP Compliance 95

PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). “In many ways, they are.”

Accounting Standards 46

Accounting Standards Compliance Accounting Auditing 46

The Charity CFO

JANUARY 19, 2023

Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Because of their unique structure and operational model, nonprofits must comply with various accounting standards that are, in many ways, different from for-profit organizations.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

CFO Leadership

DECEMBER 17, 2021

Second, our data suggests that finance managers are less likely than others to be taking actions that would help them manage through the skills shortage. Measuring Stress Among Finance Managers In this research, as in all of our research, we strive to get a significant sample of respondents from finance departments.

Leadership 83

Leadership CFO Finance Education 83

CFO Share

NOVEMBER 15, 2023

As a small business owner or finance manager, it’s crucial to approach this process with a clear plan. This article includes small business accounting tips to prepare for an audit while minimizing its expenses and findings. An audit evaluates: Compliance with accounting standards (GAAP or IFRS.)

Auditing 52

Auditing IFRS GAAP Invoicing 52

PYMNTS

OCTOBER 28, 2019

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

B2B 40

B2B Accounting Standards Finance Invoicing 40

The Charity CFO

JANUARY 18, 2022

Zack joins us after two decades as a not-for-profit accountant in both public accounting and the nonprofit industry. In this new role, he will serve as one of our in-house experts on existing and emerging nonprofit accounting standards and auditing best practices.

CFO 52

CFO Nonprofit GAAP Accounting Principles 52

PYMNTS

JANUARY 2, 2020

The Big Four auditing firms have also recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are considered debt.

Data Analysis 71

Data Analysis Accounting Standards Auditing Invoicing 71

PYMNTS

JANUARY 30, 2020

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases.

Accounting 40

Accounting Accounting Standards Compliance Securities 40

PYMNTS

JANUARY 2, 2020

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.

Auditing 52

Auditing Corporate Finance Finance Invoicing 52

Future CFO

JUNE 22, 2022

The total cost faced by the global insurance industry to implement the accounting standard is now estimated by WTW to be US$18 billion to US$24 billion, survey report indicates. People: More than 10,000 people will be required to deliver the accounting standard in the next two to three years.

IFRS 52

IFRS Accounting Standards Valuation Accounting 52

Future CFO

FEBRUARY 6, 2020

Whether your tax, accounting and finance operations are locally-based, centralised or otherwise, investing in the right tools and resources optimises your company’s ability to meet evolving regulatory requirements and gives your team the time it needs to focus on planning, strategy and analysis.

Technology 40

Technology Compliance Accounting Standards CFO 40

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

As your business reaches the end of each month, your finances require precise maintenance , but that also means diving headfirst into endless spreadsheets and financial statements —an absolute nightmare. Best Practices Your accountant is under a lot of pressure at the end of the month to manage the close in a timely manner.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

Accountancy Today

APRIL 20, 2023

Rather than proposing the development and adoption of new standards, the report draws on the standards and frameworks that already exist and are relevant and useful for the public sector.

Accounting Standards 52

Accounting Standards Accounting Planning Corporate Finance 52

PYMNTS

MAY 3, 2019

The International Accounting Standards Board established the new lease accounting rules because previous lease accounting practices limited investor and analyst visibility into company finances without leases included on the balance sheet, reports explained.

Accounting 49

Accounting Accounting Standards Benchmarking Financial Reporting 49

Bramasol

FEBRUARY 13, 2023

Accounting and finance processes as businesses look to automate and streamline their financial operations. Human resources management (HRM) to improve the efficiency and usability of HR processes.

SAP 77

SAP Compliance Leverage Accounting Standards 77

The Finance Weekly

APRIL 6, 2024

Getting to Know Depreciation First Depreciation is a concept in accounting and finance that represents the method through which companies allocate the cost of tangible assets over their useful lives. Determining Eligibility for Depreciation To accurately apply depreciation, it is essential to first determine which assets are eligible.

GAAP 52

GAAP Accounting Principles Financial Reporting Accounting Standards 52

CFO Network

SEPTEMBER 9, 2022

The data breach industry and the finance sector are also on an upswing with more threats coming out every day – don’t let your guard down! 6 Essential Accounting Cyber Security Practices for Accounting Departments. This is a severe issue. Know Your Regulations. Design an Approval and Validation System.

Securities 52

Securities Accounting CFO Accounting Standards 52