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Suresh Kana: What CFOs should know about the new IFRS sustainability standards

CFO Talks

The new IFRS sustainability standards will impact businesses large and small, says Suresh Kana, trustee and deputy chair of the IFRS Foundation. Kana also notes that IFRS will work on industry-specific standards. “If So you could use these standards in the US or you could use them in [IFRS jurisdictions].”

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Reporting Rules That Make or Break Your Reputation

CFO Talks

Global standards such as IFRS, IFRS for SMEs, and emerging sustainability frameworks have become the common language of credibility. Theyve attended the training sessions and can quote the key principles of IFRS. IFRS evolves. Youre setting the benchmark. Its a lens into the organisations future.

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From Chaos to Clarity Smarter Regulatory Reporting for CFOs 

CFO Talks

Follow standard accounting rules In most industries, this means using IFRS (International Financial Reporting Standards) or IFRS for SME (International Financial Reporting Standard for Small and Medium-sized Entities) to prepare financial statements.

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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

Regulatory hurdles Geronimo concedes that the most challenging part of the controller role in 2023 was the changing regulatory guidelines that were impacting financials.

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Moving Financial Consolidation and Reporting to the Cloud – Webinar Recap

Planful

According to a 2014 study by APQC benchmarking the financial close process, the bottom performers took 12 days or more to close and report their results to management. US GAAP, Canadian GAAP, IFRS, etc.). The financial close and reporting process crosses multiple systems, departments, and locations. Intercompany reconciliations.

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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

Benchmarking and KPI tracking across the organization to stay on course. The tool has several custom reporting features, including providing scorecards and benchmarking with external data. Automated reporting also enforces compliance with GAAP and IFRS standards. Dashboards and scorecards for KPI monitoring and benchmarking.

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Transcript: Velina Peneva, Swiss Re Chief Investment Officer

The Big Picture

And then to make sure that we beat the private equity benchmark or the equity benchmark with that selection. I know there’s a bunch of different benchmarks. So what features into our IFRS result is only the yield on that bond, not the market movement. There’s us, there’s Europe, there’s global.