Bramasol

JULY 22, 2023

From a global perspective, the International Sustainability Standards Board (ISSB), which was established by the IFRS in November 2021 at COP26 in Glasgow, has issued its first two standards. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

IFRS 89

IFRS Accounting SAP Compliance 89

Future CFO

FEBRUARY 1, 2024

According to Susanna Hasenoehrl , head of sustainability for Asia Pacific & Japan at enterprise application software company SAP , sustainability can no longer be considered separately to the finance function because it is increasingly clear that sustainability performance is fundamentally linked to business performance.

Finance 52

Finance SAP Auditing IFRS 52

Bramasol

NOVEMBER 8, 2021

While these reports represented an important element for communicating a company's corporate-citizenship vision and were also positive public relations initiatives, for the most part they did not contain a lot of hard, auditable data. In the area of climate change, this is often referred to as "carbon accounting".

Compliance 85

Compliance Accounting SAP IFRS 85

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. This provides the basis for real-time matching of revenue and cost.

SAP 91

SAP Accounting Reconciliations General Ledger 91

Bramasol

MARCH 24, 2022

Certain climate-related financial statement metrics and related disclosures in a note to its audited financial statements; and ? ISSB was established by the IFRS Foundation in response to the Glasgow COP 26 conference in November 2021. Information about climate-related targets and goals, and transition plan, if any.

Accounting 83

Accounting SAP Analyzing Data IFRS 83