Bramasol

JANUARY 16, 2022

This latest installment in our ongoing DSE blog series takes a step back with a holistic look at the entire order-to-cash process and explores how revenue accounting compliance can seamlessly integrate with DSE. Manual interventions needed for tracking and accounting for subscription revenues. How to Get Started?

Compliance 93

Compliance IFRS SAP Leverage 93

CFO Talks

FEBRUARY 10, 2025

Its not merely numbers on a page but its the heartbeat of accountability and the foundation of trust with external stakeholders, particularly investors. In 2014, an accounting error resulted in the company overstating its income by R849 million. Compliance and Risk Reduction The regulatory landscape is ever evolving. The result?

Financial Reporting 90

Financial Reporting IFRS Leadership Reconciliations 90

Bramasol

JULY 22, 2023

Previous posts in this blog series o n Environmental, Social and Governance (ESG) and carbon accounting have spotlighted carbon accounting as a trend to watch , looked at ESG impacts on M&A , and tracked the emergence of new ESG standards.

IFRS 92

IFRS Accounting SAP Compliance 92

Bramasol

JUNE 25, 2024

However, amidst the ever-expanding role of the Office of the CFO, accounting still is a major responsibility and this arena also is radically changing with the availability of new tools, technologies and challenges. These capabilities address key operational accounting issues as companies transform their business offerings.

Compliance 63

Compliance Accounting Financial Planning and Analysis (FP&A) SAP 63

Bramasol

JUNE 10, 2022

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.

Accounting Principles 90

Accounting Principles IFRS Accounting SAP 90

Future CFO

JUNE 19, 2025

Asset acquisitions, market entries, and decentralised operations demand more than technical expertise, as they require navigation around fragmented regulations, cultural complexities, and resource constraints while ensuring agility and compliance. Serve as a liaison between sales and compliance teams," Kozlov says.

Finance 52

Finance Compliance IFRS GAAP 52

Reval

MARCH 7, 2017

IFRS 9 is changing hedge accounting forever. Companies in the European Union have only begun to kick off their IFRS 9 initiatives since the European Commission endorsed the standard in November 2016. IFRS 9 Advantages in a Nutshell. Under IAS 39, many hedges that did not qualify for hedge accounting may qualify now.

IFRS 52

IFRS Accounting Risk Management Treasury 52

CFO Talks

MAY 27, 2025

Read less about accounting trends and more about human psychology, influence, and communication. With ESG regulations evolving, IFRS standards tightening, and public accountability intensifying, staying compliant isnt optional. What to do : Dont delegate compliance updates to juniors. Invest in coaching.

IFRS 52

IFRS CFO Leadership Compliance 52

CFO Talks

MARCH 13, 2025

Now, picture the opposite: instant access to real-time financial insights, automated compliance checks, and AI-driven forecasts guiding your next move. Reducing Errors and Ensuring Compliance Mistakes in financial reporting can be costly. This means decisions can be made quickly, without waiting for accountants to prepare reports.

Financial Reporting 52

Financial Reporting IFRS Compliance Problem Solving 52

Bramasol

AUGUST 31, 2023

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15.

SAP 94

SAP Accounting Reconciliations General Ledger 94

CFO Talks

AUGUST 21, 2024

Navigating IFRS , Key Updates and Changes Introduction In today’s fast-paced financial world, staying up to date with the latest International Financial Reporting Standards (IFRS) is critical for CFOs. IFRS 16 Leases: Impact on Balance Sheets IFRS 16 has changed the way leases are recorded on balance sheets.

IFRS 52

IFRS Profit and Loss Communication Credit Risk 52

Bramasol

JULY 31, 2023

This new post provides a deeper look at how the leasing of medical equipment along with other bundled services or products presents particular challenges for meshing contracts and lessor accounting with DSE management and revenue recognition. For revenue recognition, they also must comply with ASC 606 and IFRS 15. billion by 2032."

Accounting 81

Accounting SAP GAAP IFRS 81

Future CFO

JUNE 12, 2024

Hence, it is crucial to adopt established standards and frameworks such as the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB), the Greenhouse Gas Protocol and ISO 14064.

Compliance 98

Compliance IFRS Risk Management Finance 98

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.

Technology 100

Technology IFRS SAP Compliance 100

https://trustedcfosolutions.com/feed/

FEBRUARY 18, 2022

Maintaining accurate records across a diversified portfolio can be a considerable challenge in terms of compliance, transparency, and risk. Choosing the right accounting software is important. However, there are exceptional cloud accounting software programs that can take that complexity and make it simple.

GAAP 116

GAAP IFRS Compliance Accounting 116

Bramasol

MARCH 24, 2022

This important issue was previously explored last year in Are You Ready for "Carbon Accounting" Compliance? A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? ISSB was established by the IFRS Foundation in response to the Glasgow COP 26 conference in November 2021.

Accounting 87

Accounting SAP Analyzing Data IFRS 87

CFO Talks

MARCH 5, 2025

Knowing the specific rules for your industry helps you prepare in advance and avoid compliance issues. Keep track of reporting deadlines Use a compliance calendar so you never miss a submission. Risk and compliance teams monitor any changes in regulations and identify potential risks.

IFRS 52

IFRS Auditing Compliance Financial Data 52

CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

Accounting 95

Accounting Finance Auditing IFRS 95

Future CFO

FEBRUARY 11, 2020

South Korea life insurance firm Kyobo Life has implemented a high-performance computing platform for IFRS 17 and K-ICS financial reporting compliance, said AON recently. The post IFRS 17: South Korean insurer implements a computing platform for compliance appeared first on FutureCFO.

IFRS 40

IFRS Compliance Risk Management Economics 40

Bramasol

SEPTEMBER 26, 2022

For example, shipments of goods are typically billed based on weight, size and distance and customers that maintain subscription accounts with carriers can receive discounts on their shipping costs. DSE and RevRec Compliance , DSE Data Volume, Velocity, Density and Complexity. Implementing Anything-as-a-Service (XaaS).

Transportation 92

Transportation SAP IFRS Compliance 92

E78 Partners

AUGUST 22, 2024

They fear that the costs and complexities of compliance may divert resources from core operations and impact profitability. For these companies, ESG is not just a compliance issue—it may be a competitive differentiator. Outsourcing tax and compliance risks can alleviate the burden, allowing leaders to focus on growth.

Accounting 59

Accounting IFRS Compliance Strategic Planning 59

Bramasol

JULY 26, 2024

In this episode, we dive into five issues that are at the heart of optimizing Quote-to-Cash to Compliance with SAP Revenue Recognition and subscription management applications, including complex bundling scenarios. The good news is you don't necessarily have to take on more complexity than you need to get the job done.

SAP 90

SAP IFRS GAAP Compliance 90

Bramasol

OCTOBER 26, 2021

From the beginning of any project, we believe that compliance should never be addressed by using ad hoc or limited scope approaches because such short-term thinking invariably results in process inefficiencies, manual offline workarounds, and a lack of forward migration capabilities. Overview of Comply, Optimize, Transform.

SAP 91

SAP IFRS Compliance Treasury 91

https://trustedcfosolutions.com/feed/

JUNE 2, 2022

In that case, you may be looking for more powerful real-time accounting solutions to provide you with a better view of your entire operation and help with things like taxation, HR, multiple currencies, and more. Secure access to your key data from anywhere, at any time, because your accounting solution is cloud-based.

Finance 104

Finance General Ledger IFRS GAAP 104

Bramasol

SEPTEMBER 12, 2022

Although the initial compliance phase for ASC 606 and IFRS 15 revenue recognition mandates is in the rear-view mirror for most companies, it's important to also keep a focus on the road ahead because optimization of overall RevRec processes across the enterprise will be key to ongoing success. Freeze periods on time-based POBs.

SAP 88

SAP IFRS Compliance Invoicing 88

E78 Partners

AUGUST 22, 2024

They fear that the costs and complexities of compliance may divert resources from core operations and impact profitability. For these companies, ESG is not just a compliance issue—it may be a competitive differentiator. Outsourcing tax and compliance risks can alleviate the burden, allowing leaders to focus on growth.

Accounting 52

Accounting IFRS Compliance Strategic Planning 52

Bramasol

MAY 16, 2025

Revenue Recognition Compliance: Navigating ASC 606 / IFRS 15 rules for multi-element arrangements and variable consideration. Account Expansion Strategy: Converting a land-and-expand model into upsells and renewals consistently. SOX compliance) and financial transparency. IT, finance, end users). APIs, cloud providers).

SAP 85

SAP IFRS Compliance Auditing 85

Bramasol

AUGUST 29, 2022

The shift from CAPX purchase models to subscription based offerings requires medical device manufacturers to adapt their revenue recognition and reporting systems to assure compliance. How DSE Applies to the Medical Device Sector. to optimize readiness, availability, usage levels, locations, maintenance and remote device management.

SAP 82

SAP IFRS Manufacturing Compliance 82

Future CFO

OCTOBER 27, 2020

TMF Group is a global provider of critical compliance and administrative services, with some 7,800 in-house experts across 80-plus jurisdictions. The Accounting & Tax report further explores the findings of the Global Business Complexity Index (GBCI) 2020, delving deeper into the nuances of accounting and tax laws and practices.

Accounting 52

Accounting IFRS Auditing GAAP 52

Future CFO

AUGUST 16, 2022

When it comes to sustainability standards, the needs of mid-market businesses must be taken into account, said Grant Thornton International recently. The post Sustainability standards: SMEs’ needs must be taken into account appeared first on FutureCFO.

IFRS 52

IFRS Accounting Compliance Marketing 52

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 News

FEBRUARY 20, 2025

IFRS 17, the global insurance accounting standard, took effect in 2023, with India aligning through Ind AS 117, issued in August 2024. While the initial compliance deadline was 2025, IRDAI has extended it to 2027, giving insurers more time to adapt. Heres what they shared.

Accounting Standards 40

Accounting Standards IFRS Accounting Compliance 40

Bramasol

OCTOBER 31, 2023

Augmented in recent years by our additional specialization in SAP Quote-to-Cash solutions, Bramasol now offers a unique approach for integrating both frontend customer-facing processes and backend compliance processes within a unified approach that can adapt and scale to virtually any requirements.

SAP 69

SAP IFRS Compliance Entertainment 69

Future CFO

NOVEMBER 2, 2020

China is the most complex jurisdiction for financial compliance in Asia Pacific while Hong Kong is the easiest, said TMF Group recently. By contrast, Hong Kong, Australia, Singapore, New Zealand and Philippines were seen as the least complex for multinational companies when it comes to accounting and tax laws and practices, the report states.

Compliance 40

Compliance IFRS GAAP Accounting Principles 40

PYMNTS

JULY 9, 2020

RecVue, which works in order-to-cash automation, has entered into a partnership with Effectus Group, a consulting firm working with technical accounting practices, to help companies access the best order-for-cash services and get money from B2B payments flowing more smoothly.

IFRS 65

IFRS Compliance B2B Accounting Firms 65

CFO Talks

SEPTEMBER 5, 2024

Whether it’s streamlining financial reporting, enhancing data accuracy, or ensuring compliance with South African regulatory standards, clearly defining these objectives will guide the entire design process. Choosing the Right Software and Technology Selecting the appropriate financial software is a critical decision.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

CFO Leadership

OCTOBER 18, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

Accounting 52

Accounting Finance Auditing IFRS 52