Bramasol

SEPTEMBER 29, 2023

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 97

IFRS Technology SAP Compliance 97

PYMNTS

JUNE 10, 2019

Reports in The Block Crypto late last week said a group of California CPAs has sent a letter to the Financial Accounting Standards Board, a federal board that sets Generally Accepted Accounting Principles (GAAP), requesting that it consider establishing a task force to address a lack of clarity in cryptocurrency accounting standards.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

E78 Partners

JANUARY 5, 2024

Audits are an essential part of ensuring that a company’s financial statements are accurate and compliant with accounting standards. Focus on Key Audit Areas: Concentrate on significant audit areas such as purchase price accounting, transaction costs, fair market value of assets, and complex equity or compensation structures.

Auditing 59

Auditing Valuation Concentration Reconciliations 59

PYMNTS

JUNE 6, 2019

Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. The lease accounting standard overhauls, led by the Securities and Exchange Commission (SEC), change the way companies report their lease commitments.

Accounting 43

Accounting Accounting Standards Auditing Retail 43

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.

Nonprofit 52

Nonprofit Compliance Accounting Standards Budgeting 52

Future CFO

MARCH 1, 2023

Additional key findings Use of Sustainability Accounting Standards Board (SASB) standards and the Task Force on Climate-Related Financial Disclosures (TCFD) framework have increased significantly between 2019 and 2021: there was a 29% increase for SASB standards usage and 30% for the TCFD framework.

Accounting Standards 52

Accounting Standards Auditing Accounting Accounting Firms 52

CFO Share

NOVEMBER 11, 2023

Notice there is little objective validation of the value of intangibles; you cannot easily price them on an open market or compare them to alternatives for sale. Instead, they are created as an accounting “plug” to facilitate double-entry bookkeeping standards. How Long Can I Amortize Intangible Assets?

GAAP 52

GAAP Accounting Standards Strategic Planning Compliance 52

The Finance Weekly

MARCH 28, 2022

In the last 12 months, there has been a growing buzz in the market about environmental, social, and governance (ESG) reporting. 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.

Finance 52

Finance Auditing Accounting Standards IFRS 52

VCFO

MAY 30, 2022

Joining vcfo’s Houston market as a Consulting CFO is Jose Perez-Bello. For 25 years, we have worked with more than 5,000 clients, evolving our service offerings and geographical footprint to meet new industry and market needs—expanding what we offer, the value we provide and the way we deliver it.

CFO 52

CFO Auditing Leadership Financial Modeling 52

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

Bramasol

FEBRUARY 13, 2023

Analytics firm Statista estimates that the SaaS market is worth approximately 146 billion in U.S. Accounting and finance processes as businesses look to automate and streamline their financial operations. dollars and estimated to reach 195 billion U.S. dollars by 2023.

SAP 79

SAP Compliance Leverage Accounting Standards 79

PYMNTS

APRIL 30, 2020

The European Central Bank has cautioned banks to be flexible when applying accounting standards, as the region is one where companies depend more on bank lending than on capital markets for funds. firms, along with Spain’s Banco Santander , led the pack in Europe.

Banking 75

Banking Profit and Loss Accounting Standards Economics 75

The Finance Weekly

APRIL 6, 2024

This accounting principle offers an insightful perspective into a business's worth , underlining the importance of financial reporting in today's market dynamics. Its relation to depreciation highlights why NBV generally falls below the market value in the initial years of an asset's lifespan.

GAAP 52

GAAP Accounting Principles Financial Reporting Accounting Standards 52

Future CFO

MARCH 8, 2023

1) Balancing growth amidst inflationary pressures He observed that headline inflations hit recent highs in many markets globally and that Asia was not been spared its impacts. In many markets, the rising costs outpace the revenue growth, which means we have to run even faster just to stand still,” he pointed out.

CFO 98

CFO Communication Economics Finance 98

PYMNTS

AUGUST 27, 2019

The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

Cash Flow Forecasting 60

Cash Flow Forecasting Accounting Standards Accounting Firms Reconciliations 60

PYMNTS

OCTOBER 26, 2018

Amid reports this week that changes to accounting standards are coming over the next few weeks, the Securities and Exchange Commission (SEC) has said that financial professionals, including accountants, must be mindful of cybersecurity risks.

Accounting Standards 49

Accounting Standards Construction Treasury B2B 49

PYMNTS

JUNE 17, 2019

Separately, at the state level, in California , a number of certified public accountants (CPAs) are calling for an industry watchdog to clarify the standards in place for cryptocurrency-related accounting.

Accounting Standards 43

Accounting Standards Education Leadership Accounting 43

CFO News Room

FEBRUARY 6, 2022

BlackRock regularly makes demands such as these of its portfolio companies, requiring them to meet the standards of its “sustainability accounting standards board.”. Every savvy market participant at the time knew that Engine No. BlackRock, Exxon’s second-largest shareholder, voted for three of Engine No.

Investments 100

Investments Accounting Standards Economics Treasury 100

PYMNTS

JULY 13, 2018

The nation’s Financial Services Commission (FSC) has referred the case to prosecutors, reports said , after finding that the contract drug manufacturing unit violated accounting regulations in regards to its joint venture with Biogen. That notice led to a $6 billion market value loss. Biogen, based in the U.S., ”

Accounting 40

Accounting Profit and Loss Auditing Accounting Standards 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

Planful

JULY 5, 2016

So for a number of years, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working to converge their guidelines for revenue recognition. Improves comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets.

Budgeting 40

Budgeting IFRS Planning GAAP 40

The Finance Weekly

JANUARY 9, 2022

Climate change adds another layer of volatility and uncertainty to the already shaky market. Many investors and stakeholders are attempting to hold companies to a certain standard of emissions and mitigation efforts, or a future commitment to one.

CFO 52

CFO Forecasting Leadership Budgeting 52

PYMNTS

MAY 21, 2018

M&G chief executive Anne Richards, HM Treasury non-executive director and deputy chair of Kinnevik Amelia Fawcett, and former audit partner at PwC and former chair of the Accounting Standard Board Mary Keegan are all on the panel.

Accounting 40

Accounting Auditing Treasury Accounting Standards 40

Future CFO

AUGUST 22, 2019

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. These factors include your corporate trajectory.

IFRS 52

IFRS Accounting Standards Finance Treasury 52

CFO Leadership

DECEMBER 17, 2021

From tracking new sales channels and increasingly complex supply chains to new tax rules and accounting standards, finance looks a lot different now than it did three years ago. Or contact Kristin Todd, Vice President of Marketing, kristin@cfolc.com. Everyone can use a brush up on skills and practices from time to time.

Leadership 83

Leadership CFO Finance Education 83

PYMNTS

DECEMBER 12, 2019

auditing firms — EY, Deloitte, KPMG and PwC — for guidance from the Financial Accounting Standards Board in October with regard to how supply chain finance should be classified on financials, similarly pointing to an increased use of reverse factoring arrangements. The SEC’s remarks follow requests by the Big Four U.S.

Finance 58

Finance Accounting Standards Auditing Corporate Finance 58

Michigan CFO

MARCH 21, 2023

A goodwill asset is a non-physical, intangible asset that increases a business’s purchase price beyond its physical or tangible assets’ estimated market value. It is the amount of money a buyer pays above the fair value market price in the sale of a business. billion with liabilities of $45.56 billion.

Valuation 40

Valuation CFO IFRS GAAP 40

Fpanda Club

SEPTEMBER 2, 2021

This is true in all possible economic situations: in times of growth FP&A participates in setting business objectives, analyzing options of growth, assessing market opportunities and risks, while in times of recession FP&A can contribute to corrective action plans, cost-cutting and other initiatives to preserve company’s financial health.

Financial Planning and Analysis (FP&A) 130

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

Spreadym

JUNE 27, 2023

This involves projecting revenues, expenses, and other key financial metrics based on historical data, market trends, and business strategies. FP&A also helps assess financial risks, such as liquidity risks, market risks, or operational risks, allowing organizations to develop risk mitigation strategies and contingency plans.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

NOVEMBER 8, 2019

As reported by the site eu-startups.com , Michael Riegel, founder and CEO of Comtravo, stated: “The German business travel market is huge — 52.5 The tech-driven offering helps companies transition to new lease accounting standards mandated by the FASB, IASB and the GASB. billion Euros. Here in the U.S.,

Investments 40

Investments B2B Accounting Standards Compliance 40

CFO Talks

DECEMBER 23, 2022

We then at that stage still had converting plants in Port Elizabeth, Cape Town, Durban and Wadeville, which we then effectively took the rolls of brown paper and convert them into a box that we then supply into the market, either commercially or agriculturally.

CFO 52

CFO Manufacturing Finance Accounting 52

Spreadym

JUNE 13, 2023

By using the chart of accounts, organizations can ensure that financial information is recorded in a logical and structured manner, facilitating efficient bookkeeping, financial analysis, and compliance with accounting standards and regulations.

Accounting 52

Accounting Financial Analysis Compliance Benchmarking 52

PYMNTS

MAY 17, 2018

A few key themes emerged from the fallout, however, with analysts citing Carillion as a prime example of how a consolidated auditing market risks lackluster accounting standards, as well as how late payments by large corporates can have detrimental impacts on small suppliers. In some circles, there is a crisis of confidence.”.

Auditing 40

Auditing Accounting Standards Construction Accounting 40

The Charity CFO

DECEMBER 8, 2022

Grants are the lifeblood of nonprofits, giving them the much-needed cash injection to market the organization, fund a project, or get an initiative off the ground. But in order to get the most out of these grants, you need to understand how to properly manage and account for them.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

CFO Talks

FEBRUARY 21, 2022

Select’s focus is in servicing the unbanked or entry-level retail credit market, which is often overlooked by the formal banking sector. Then the residential offering consists of about 150 completed apartments, which we offered to the rental market. Then we have listed and unlisted medium-term notes on the local capital market.

CFO 40

CFO Accounting Accounting Standards Auditing 40

PYMNTS

APRIL 7, 2017

Bitcoin’s market cap sat at just over $19.1 Additionally, the government of Australia set out to create accounting standards f or bitcoin in November of last year. In the days following the news, bitcoin rose over 25 percent from its period low around $935 in the last week of March amid hard fork fears and the SEC letdown.

Accounting Standards 41

Accounting Standards Currencies Auditing Retail 41

CFA Institute

DECEMBER 29, 2020

The explanatory power of the financial information reported to investors for market valuation has plummeted in recent decades.

Financial Reporting 52

Financial Reporting Accounting Valuation Performance Measuring 52