Global Finance

MARCH 2, 2025

The key benefit of Benfords law is that it doesnt matter what kind of firm it ispublic, private, what accounting policies it follows, what currency it operates in, whether its loss-making, whether its a growth company, highly leveraged or no leverage at allmakes absolutely no difference. But nothings impossible. They price it in.

Forecasting

CFO Talks

AUGUST 6, 2025

IFRS, local GAAP)? Are there statutory audit requirements? What are the filing deadlines, documentation standards, and audit tolerances? Cash Flow and Currency Risk Cash doesn’t move freely across all borders. Don’t wait for external audits to uncover issues. Set up a robust communication and reporting cadence.

Foreign Exchange

Future CFO

JUNE 19, 2025

Oleg Kozlov , head of internal audit at Modern Mills Company , discusses how CFOs traverse multi-jurisdictional finance challenges in 2025. Kozlov recounts to his experience, saying he has seen local teams frequently overburdened by maintaining multiple sets of books, such as IFRS, US GAAP, local tax. "To

Finance

Planful

JANUARY 19, 2016

Then we would key the numbers into a spreadsheet and perform the currency translations there. (I The financial close is an iterative process that typically requires many steps: Collecting financial results from multiple systems, divisions, subsidiaries – often with different charts of accounts, currencies, and business practices.

IFRS

Planful

AUGUST 1, 2017

You’re expanding internationally, which often brings new complexities, such as currency conversions and intercompany eliminations across multiple divisions and subsidiaries. You’re preparing for an IPO or external audit, which requires having rock-solid financial statements. Multi-GAAP reporting (i.e.,

GAAP

Planful

JUNE 22, 2017

GAAP or International Financial Reporting Standards (IFRS). This includes the following: Foreign currency translation. Undetected errors can occur and spreadsheets don’t provide adequate audit trails regarding changes to financial results in the process. Reporting results to internal and external stakeholders.

Accounting

Planful

FEBRUARY 21, 2017

From the collection and consolidation of financial results, to the creation of year-end financial statements, to audits and regulatory filings – finance teams are often distraught throughout the process. These results then require consolidation following US GAAP or IFRS guidelines.

Reconciliations