CFO Talks

JUNE 7, 2022

In developing the CFO(SA) designation, we identified 34 competencies and four pillars that the Modern CFO needs to fulfill to excel in their leadership position. Steward Role & Competencies: Accounting, control, risk management and asset preservation are the proficiencies of the Steward. Accounting knowledge (IFRS and taxation).

CFO 52

CFO IFRS Leadership Risk Management 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. In some ways, the transportation sector has always included services based on subscriptions and usage.

Transportation 87

Transportation SAP IFRS Compliance 87

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

AUGUST 29, 2022

For example, SAP Revenue Accounting & Reporting (RAR) and SAP Contract & Lease Management (CLM) streamline and simplify accounting and reporting of complex revenue streams under ASC 606 / IFRS 15 as well as asset management and accounting under ASC 842 / IFRS 16.

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

The Finance Weekly

JANUARY 31, 2022

However, there have been many organizations that have successfully persevered through the challenges posed by the past couple of years, and among the differentiating factors between such businesses is leadership. Leadership across business departments is a foundational element of success. 5 Leadership Competencies for CFOs 1.

Financial Planning and Analysis (FP&A) 52

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

CFO Talks

JUNE 8, 2022

In a new paper looking at the future of sustainability reporting standards, the authors found that the next 12 to 18 months are likely to result in some of the most significant innovations in corporate accounting and reporting we have seen in decades.

CFO 52

CFO IFRS Education Auditing 52

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

CFO Talks

MARCH 31, 2022

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants. That was attractive to me, so I went down that route.

CFO 40

CFO Finance IFRS Accounting 40

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 90

SAP Accounting Reconciliations General Ledger 90

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.

Compliance 85

Compliance IFRS SAP Accounting Standards 85

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

Bramasol

NOVEMBER 13, 2023

For example, at Bramasol we made a decision over a decade ago to focus on SAP finance solutions for the office of the CFO, with a specific emphasis on the new revenue recognition compliance requirements in ASC 606 and IFRS 15. For more on alternative approaches, read the next section.)

SAP 77

SAP General Ledger IFRS Compliance 77

Planful

SEPTEMBER 6, 2021

In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. The company’s leadership used fake holdings and off-the-books accounting practices to deceive regulators. Include critical accounting policies in the notes with the relevant items.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40

Bramasol

OCTOBER 26, 2021

Overview of Comply, Optimize, Transform.

SAP 86

SAP IFRS Compliance Treasury 86

Bramasol

DECEMBER 13, 2021

They also need to address compliance requirements such as revenue reporting under ASC 606 and IFRS 15, which are still required but can be more complex for DSE business models. This is another subject that we've been tracking closely and have addressed in a recent blog on Carbon Accounting Compliance.

SAP 52

SAP Compliance Profit and Loss IFRS 52

CFO Talks

DECEMBER 26, 2021

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants. So a lot of it was leading back office finance for the company.

Manufacturing 75

Manufacturing CFO Budgeting IFRS 75

Bramasol

DECEMBER 14, 2023

We've also seen benefits from our experience with related functions such as treasury, lessor accounting and the overall S/4HANA ecosystem as new DSE offerings from our clients become more complex with multi-element bundles.

Technology 88

Technology SAP IFRS Compliance 88