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

Navigator SAP

JULY 1, 2022

Choosing an enterprise resource planning (ERP) software solution is a big decision. ByDesign is fully localized in 19 countries, not just in terms of language but also when it comes to tax and local accounting standards and practices; these countries include France, Germany, Italy, Spain, China, India, the U.K.,

SAP 199

SAP Accounts Payable Accounting Standards Sales 199

Planful

JULY 5, 2016

But Robert Kugel , SVP and Research Director at Ventana Research, recently published an article highlighting the impact the new guidelines can have on budgeting and planning. The exception here is for those contracts that fall under the scope of other accounting standards (for example, insurance contracts or lease contracts).

Budgeting 40

Budgeting IFRS Planning GAAP 40

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. Develop a Plan and Timeline: Establish a clear project plan and timeline for management and the audit team. This proactive approach helps streamline the audit process.

Auditing 59

Auditing Valuation Concentration Reconciliations 59

Beacon CFO Plus

NOVEMBER 30, 2023

Define Roles and Responsibilities: The CFO typically focuses on financial strategy, planning, and management, while the accounting firm handles compliance, audits, and financial reporting. The CFO should work closely with the accounting firm to provide the necessary information for audits and reporting.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

Accountancy Today

APRIL 20, 2023

These hail from organisations including the International Sustainability Standards Board (ISSB), the International Public Sector Accounting Standards Board (IPSASB) and the Global Reporting Initiative (GRI).

Accounting Standards 52

Accounting Standards Accounting Planning Corporate Finance 52

E78 Partners

SEPTEMBER 21, 2023

This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit. Furthermore, in an era of intricate financial landscapes, preparing for compliance with complex accounting standards becomes non-negotiable.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

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

AUGUST 15, 2019

Enterprise lease accounting software company LeaseAccelerator is teaming up with Clearlink Partners to help joint clients ease the administrative burden of complying with changes in lease accounting standards. The companies announced their partnership in a press release issued Wednesday (Aug.

Compliance 40

Compliance Accounting Accounting Standards Technology 40

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

Future CFO

SEPTEMBER 24, 2023

Manish Modani According to Modani, the modern CFO to such mundane responsibilities as they have become leaders in charge of critical decision-making and planning. They establish robust internal controls, comply with accounting standards and regulations, and deliver accurate and transparent financial reporting and analysis.

CFO 52

CFO Manufacturing Accounting Standards Compliance 52

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

Fpanda Club

SEPTEMBER 2, 2021

This relates to FP&A which stands for financial planning and analysis. Typical FP&A activities and responsibilities Financial planning and analysis is one of the pillars of the modern finance function. Planning relates to determining the company’s short-term (1-year) and long-term (3-5 years) objectives.

Financial Planning and Analysis (FP&A) 130

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

CFO Share

NOVEMBER 11, 2023

It’s also outside the management’s control, set by accounting standards rather than business decisions. For small business owners, the key takeaway is that while amortization of intangible assets is part of accounting compliance, it shouldn’t be a priority in your strategic planning or financial decision-making.

GAAP 52

GAAP Accounting Standards Strategic Planning Compliance 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

CFO Leadership

OCTOBER 10, 2023

How to use AI in Finance & Accounting As we look to the future, the role of AI in finance will likely expand. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. a model could be trained to become an expert in finance and accounting.

Finance 95

Finance Accounting Auditing IFRS 95

Future CFO

NOVEMBER 5, 2023

These include controllership, Financial Planning and Analysis (FP&A), Investor Relations (IR), financial operations (FinOps), business finance, tax, treasury, and more. These teams must excel at their roles and prioritise continuous training and development to meet the high standards of transparency that investors expect.

Financial Planning and Analysis (FP&A) 52

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

VCFO

MAY 30, 2022

Prior to joining vcfo, Jose held roles as Fractional CFO with the Strategic CFO, CFO, Executive Director, and Senior Vice President for Greenfields Petroleum Corporation, as well as senior roles with Enron International, Enron Energy Services, and Brunel Energy.

CFO 52

CFO Auditing Leadership Financial Modeling 52

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.”. Before the proxy battle, Exxon had planned to increase oil and gas production by 25% over the next five years. Jennifer Grancio.

Investments 100

Investments Accounting Standards Economics Treasury 100

PYMNTS

JANUARY 2, 2020

KPMG said it would make a $5 billion investment, PricewaterhouseCoopers said it will spend $3 billion and Ernst & Young plans to invest $1 billion.

Data Analysis 71

Data Analysis Accounting Standards Auditing Invoicing 71

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

AUGUST 15, 2023

It’s the role of nonprofit accountants to help establish and enforce these controls to protect the organization’s assets. Budgeting and Planning Budgeting and planning are two essential aspects of a nonprofit accounting system. It’s the accountant’s responsibility to participate in the budgeting process.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

CFO Leadership

OCTOBER 18, 2023

How to use AI in Finance & Accounting As we look to the future, the role of AI in finance will likely expand. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. a model could be trained to become an expert in finance and accounting.

Finance 52

Finance Accounting Auditing IFRS 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

The Finance Weekly

JANUARY 9, 2022

This particularly affects budgeting and forecasting, and makes financial planning that much more difficult. It’s a CFO’s job to drive home the importance and action plan for these scenarios. Lastly, it’s simply more professional to have a climate change mitigation plan when approaching investors.

CFO 52

CFO Forecasting Leadership Budgeting 52

Bramasol

FEBRUARY 13, 2023

Compliance: The adoption of ASC 606 and IRFS 15 accounting standards for revenue recognition introduced new requirements for SaaS companies, particularly around the allocation of revenues and the recognition of variable consideration.

SAP 77

SAP Compliance Leverage Accounting Standards 77

Future CFO

APRIL 18, 2022

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Finance 52

Finance IFRS GAAP Accounting Principles 52

The Finance Weekly

APRIL 6, 2024

Recognizing the contrast between NBV and market value, and the impact of depreciation strategies, can equip professionals with insights that are important in financial planning and reporting. 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

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. The joint venture, Samsung Bioepis , was not disclosed to the FSC, reports said.

Accounting 40

Accounting Profit and Loss Auditing Accounting Standards 40

The Charity CFO

NOVEMBER 10, 2022

As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit. Governance issues, tight regulations, and high public accountability standards mean strong accounting practices are more important than ever.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

The Charity CFO

MAY 11, 2023

A bookkeeping or accounting service that is right for you will be able to accommodate your needs. Transitioning Transitioning from in-house to outsourced accounting services can be complex and time-consuming. There is no one size fits all solution.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

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

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

BlueLight

JULY 30, 2020

System for a high functioning finance office Integrating disparate finance tools Getting full visibility to subscription revenue Financial planning of the CFO suite How do you view the responsibility of the CFO suite? Post Series B, it becomes a full-time job to support strategic planning. Edited for readability. Recruiting ?—?Startups

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

PYMNTS

AUGUST 1, 2018

Supply chain financing programs offered by banks and alternative lenders do not necessarily require disclosure of the debts under corporate accounting standards. Overall, companies surveyed by PwC agreed that their supply chain financing programs were successful and most said they planned to expand their SCF initiatives.

Finance 40

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

PYMNTS

APRIL 10, 2017

While the world probably didn’t need much confirmation in the way of Amazon’s growth-oriented ambitions, it got some nonetheless this past week, as the company released plans to notably grow its workforce. Additionally, the government of Australia set out to create accounting standards for bitcoin in November of last year, said CoinDesk.

Currencies 43

Currencies Accounting Standards Construction Auditing 43

PYMNTS

APRIL 7, 2017

Switzerland has become a highly bitcoin-friendly nation as of late with Finma ’s plans to clarify regulation , the nation’s railway ticketing systems’ recent adoption of bitcoin ATM functionality, etc. Additionally, the government of Australia set out to create accounting standards f or bitcoin in November of last year.

Accounting Standards 41

Accounting Standards Currencies Auditing Retail 41