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. According to Allied Market Research, "The global medical equipment rental market was valued at $56.0

Accounting 75

Accounting SAP GAAP IFRS 75

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 85

Accounting Principles IFRS SAP Accounting 85

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 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. What is ChatGPT?

Finance 95

Finance Accounting Auditing IFRS 95

Future CFO

JANUARY 2, 2022

This video considers the accounting for the latest IBOR reform developments, as entities transition their exposures to risk free rates. The post IFRS Video: IBOR reform, year-end considerations appeared first on FutureCFO.

IFRS 40

IFRS Accounting Finance 40

Future CFO

AUGUST 22, 2019

IFRS 16, published by the International Accounting Standards Board (IABS), came into effect on January 1, 2019. In an effort to boost transparency, IFRS 16 eliminates the distinction between finance leases, which were previously capitalized on corporate balance sheets, and operating leases, which were not.

IFRS 52

IFRS Accounting Standards Finance Treasury 52

Future CFO

JULY 12, 2020

After several months of re-deliberations, the International Accounting Standards Board (the Board) has published the final amendments to IFRS 17 Insurance Contracts. The post IFRS 17: Final amendments are out now appeared first on FutureCFO.

IFRS 40

IFRS Accounting Standards Accounting Finance 40

Future CFO

OCTOBER 27, 2020

New report Accounting & tax: the global and local complexities holding multinationals to account analyses and ranks 77 jurisdictions based on the complexity of their accounting and tax laws and practices. Source: TMF 2020.

Accounting 52

Accounting IFRS Auditing GAAP 52

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 95

IFRS Technology SAP Compliance 95

Bramasol

JANUARY 27, 2023

In 2018, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced the release of new accounting standards, ASC 842 and IFRS 16, that redefined how organizations must account for leases. The right of use asset is to be amortized over the life of the lease.

Compliance 85

Compliance IFRS SAP Accounting Standards 85

CFO Talks

MAY 12, 2023

Why Maake believes Treasury was right A core point of Maake’s argument is that State Owned Companies (SOCs) like Eskom are expected to not only adhere to IFRS and the Companies Act, but also the PFMA. All these elements are covered under IFRS. But there must be an alternative way of making management to be accountable.”

IFRS 95

IFRS Treasury Auditing CFO 95

Bramasol

NOVEMBER 8, 2021

As the world has become more serious about mitigating climate change and the issue of corporate responsibility moves to the forefront, ESG reporting is now shifting toward a more rigorous approach that is increasingly based on accounting disciplines and auditable practices.

Compliance 83

Compliance Accounting SAP IFRS 83

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. What is ChatGPT?

Finance 52

Finance Accounting Auditing IFRS 52

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 81

Accounting SAP Analyzing Data IFRS 81

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. Setting the bar too high is likely to affect the ability of the mid-market to comply, he said. Setting the bar too high is likely to affect the ability of the mid-market to comply, he said. “We

IFRS 52

IFRS Accounting Compliance Marketing 52

Future CFO

SEPTEMBER 19, 2019

The CFO Forum and Insurance Europe—representing 23 of the continent’s largest insurers and 95% of premium income—call for a delay of the IFRS 17 implementation deadline to Jan 1, 2023. According to the letter, the organizations also asked for additional changes to IFRS 17.

IFRS 40

IFRS CFO Accounting Finance 40

CFO Talks

MARCH 14, 2023

Written by Leigh Schaller “Growing up in my dad’s business, accounting was natural for me. In high school, I always received the accounting awards. It was a natural progression into the accounting industry,” Ehsaan Moosa, told the CFOClub podcast. He recently shared with CFOClub the knock on effects of load shedding.

IFRS 98

IFRS Marketing Construction Auditing 98

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

Simply Treasury

JUNE 3, 2021

Delay in FX hedging, accounting treatment. The accounting treatment of currency hedging (timing) mismatches remains a major problem that has become more acute in the wake of the health crisis. When payments were in foreign currencies, this may have affected their results because of currency hedging.

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

Bramasol

DECEMBER 14, 2023

As we come to the end of another year, this is a good opportunity to look ahead at the key trends to watch during 2024. With global inflation now showing signs of significant abatement, we are switching back to Global Sustainability as the fourth key trend for 2024. SAP operates 57 data centers at 32 locations in 15 countries.

Technology 88

Technology SAP IFRS Compliance 88

PYMNTS

JUNE 10, 2019

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

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. Convergent Charging. Convergent Invoicing.

Compliance 88

Compliance IFRS SAP Leverage 88

Planful

JUNE 22, 2017

Financial Consolidation in the Accounting World. But in the accounting world, “financial consolidation” is a well-defined process that includes several complexities and accounting principles. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g.,

Accounting 40

Accounting General Ledger IFRS GAAP 40

https://trustedcfosolutions.com/feed/

FEBRUARY 18, 2022

Choosing the right accounting software is important. Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place. However, there are exceptional cloud accounting software programs that can take that complexity and make it simple.

GAAP 116

GAAP IFRS Compliance Forecasting 116

Future CFO

MAY 1, 2024

A career “Expectation for a controller continually evolves,” according to Giselle Arellano-Geronimo , vice president – head of finance, accounting & procurement (controller) at Shearwater Health , and the winner of the 2024 FutureCFO Controller of the Year Award.

Leadership 98

Leadership IFRS Finance Communication 98

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

Future CFO

FEBRUARY 1, 2024

It is absolutely critical businesses implement an accounting and reporting system for their ESG data that is as auditable, transparent, and reliable as their financial data accounting," Hasenoehrl says, "2024 is the year we have to start treating enterprise carbon data the same way we treat financial data."

Finance 52

Finance SAP Auditing IFRS 52

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. Previous episodes in this series include DSE in the Medical Device industry , DSE in Utilities industry , and DSE in the Energy Sector.

Transportation 87

Transportation SAP IFRS Compliance 87

Bramasol

OCTOBER 31, 2023

Bringing an Expanded RevRec "Compliance Mindset" into New Business Models: Even though subscription-based, Digital Solutions Economy (DSE) business models are radically changing many industries, RevRec compliance under ASC 606 and IFRS 15 is still required.

SAP 65

SAP IFRS Compliance Construction 65

Future CFO

DECEMBER 4, 2023

ISSB preparedness The research looked at companies’ readiness for meeting the requirements for IFRS S2 Climate-related Disclosures. From a metrics and targets perspective, companies are moving toward disclosing their Scope 3 emissions for the most material categories.

IFRS 52

IFRS Risk Management Planning Finance 52

CFO Share

NOVEMBER 15, 2023

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.) Auditors are good at finding issues, so even the best accounting teams find themselves working with auditors to improve their processes.

Auditing 52

Auditing IFRS GAAP Invoicing 52

Bramasol

FEBRUARY 29, 2024

Last year's post " Overview of GROW and RISE with SAP " was one of the most popular and widely shared episodes in this blog series and so it is now time to take another visit to these topics. In this new post, we explore both the progress SAP has made with RISE and GROW evolution and a look at the exciting opportunities going forward.

SAP 59

SAP IFRS Compliance Leverage 59

Bramasol

AUGUST 29, 2022

This episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the Medical Devices Industry. Click here to read episodes on DSE in the Utilities Industry , and DSE in the Oil, Gas and Energy Sector. Challenges and Disruptive Trends in the MedTech Segment.

IFRS 76

IFRS SAP Manufacturing Compliance 76

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 83

SAP IFRS Compliance Invoicing 83

Bramasol

OCTOBER 31, 2023

Bringing an Expanded RevRec "Compliance Mindset" into New Business Models: Even though subscription-based, Digital Solutions Economy (DSE) business models are radically changing many industries, RevRec compliance under ASC 606 and IFRS 15 is still required.

SAP 52

SAP IFRS Compliance Construction 52

CFO Talks

MARCH 2, 2023

CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. and join our community of accounting and finance executives. and join our community of accounting and finance executives.

Auditing 98

Auditing CFO IFRS Construction 98

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. IBM Cognos Controller supports the close, consolidation and reporting process with the agility and affordability of a cloud-based solution. DOWNLOAD NOW.

Finance 52

Finance IFRS GAAP Accounting Principles 52