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IFRS 16: How to enable a smooth transition

Future CFO

IFRS 16, published by the International Accounting Standards Board (IABS), came into effect on January 1, 2019. Most organizations operating in Asia Pacific are aware of this new standard but may not be aware of a better way to make the transition.

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

Bramasol

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
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Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements

Bramasol

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger. Asset Accounting (FI-AA).

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The Future of Syndicated Lending Demands Specialized Technology

CS Lucas

Syndicated lending has grown rapidly over the past decade to become an essential source of financing for large corporations and institutions. For borrowers, syndicates allow more access to financing with potentially better terms than direct bi-lateral agreements. Management and auditors gain on-demand reporting.

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Data Update 1 for 2021: A (Data) Look Back at a Most Forgettable Year (2020)!

Musings on Markets

One reason is that these businesses are not only not required to publicly disclose their financial details in most parts of the world, but often follow more malleable accounting standards, making the data less reliable and comparable. Macro Data I do not report much macroeconomic data for two reasons.

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165: Daniel Raubenheimer

CFO Talks

Before that, Daniel was a finance lead and senior project manager at the world’s largest brewer, Anheuser Busch in the Czech Republic, which, of course, is fairly well known to South Africans. After my degree I got employed by a company called Fox5 as a finance manager and worked there for five years.