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This is why Im calling CFOs to rise to the occasion and embrace automation as an act of leadership and stewardship. This allowed leadership to make faster, data-driven decisions. Automation helps organizations comply with IFRS, GRAP, and local tax regulations by ensuring all reporting follows the latest legal frameworks.
Most CFOs didnt land the role by chance. But the CFO role isnt static, and standing still is the fastest way to become irrelevant. But being a modern CFO means becoming a strategist and not just a scorekeeper. Turn Leadership into a Skill, Not a Trait Technical skill gets you the job. What to do : Get hands-on.
Global standards such as IFRS, IFRS for SMEs, and emerging sustainability frameworks have become the common language of credibility. For a CFO, fluency in that language is no longer optional. As a CFO, youre not just signing off on spreadsheets. IFRS evolves. Analysts use them to determine investment potential.
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.
Unveiling the 7th Annual CFO Africa: A Showcase of Financial Leadership and Innovation The 7th Annual CFO Africa event was a dynamic gathering of financial leaders, industry experts, and innovative thinkers. Our CFO Club signed up several new CFOs, welcoming them into our network of forward-thinking financial leaders.
Moreover, the upgraded syllabus seeks to enhance key competencies and behaviours for strategic planning while broadening its scope to include sustainability, such as green finance, environmental costing, and disclosures under IFRS S1/S, as well as other financial technologies like Generative Artificial Intelligence.
Furthermore, 42% of companies have tied executive remuneration to sustainability performance or targets, up from 33% from last years report, showing stronger alignment of leadership incentives with sustainability goals.
The role of enterprise level CFOs has changed radically over the past decade with both a widening scope of influence and greater responsibilities for helping guide corporate transformation programs and technology choices. Sweeping changes in the enterprise technology landscape have also been a key driver in expanding the role of CFOs.
AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),
Due to this unique position, we need to ensure that the Finance Executive that earns our acclaimed CFO(SA) designation , is ready for the future of finance. 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.
He opines that ESG topics have become one of the first agendas in Board/leadership meetings within organisations due to the evolving regulatory landscape. For example, he notes that the ISSB’s IFRS S1 and S2, which were issued in June 2023, fully incorporate the TCFD recommendations.
The Coffee Bean & Tea Leaf ), says the appeal of the financial controller position lies in blending analytical depth with visionary leadership, overseeing financial strategies across sectors. Succeeding amid challenges “Success as a controller relies on an entrepreneurial mindset, analytical rigour, and adept leadership,” says Leonardo.
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.
AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),
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.
Daniel Raubenheimer, CFO at USA-based Silon, expanded on the new ISSM standards in our CFO Talks podcast interview with him. What is happening internationally, through the various CFO organisations from Mexico to France to South Africa, Italy, Germany, Tunisia, Morocco, is that we have all started working together to empower the CFO.
South African-born Daniel Raubenheimer is a passionate MBA graduate with cross-functional experience in tech, FMCG and manufacturing, he’s now CFO at Silon in Atlanta, USA, a leading producer of technical compounds and polyester staple fibres. CFO Talks is a brand of the South African Institute of Business Accountants.
ACCA's guide seeks to help all organisations irrespective of size, industry or sector, focusing on preparing for sustainability reporting in accordance with the IFRS Sustainability Disclosure Standards (or the ‘ISSB Standards’).
Oyinda Akanbi is making a difference beyond finance in her position as CFO at the leading diagnostics provider in Nigeria. CFO Talks is a brand of the South African Institute of Business Accountants. CFO Talks is a brand of the South African Institute of Business Accountants.
Hasenoehrl adds that organisations must take the new International Financial Reporting Standards (IFRS) S1 and S2, which will be used in many countries as the accounting foundation for ESG reporting.
"It needs to be underpinned by consistent disclosures and monitoring that is aligned with existing climate-related disclosure standards such as International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures."
David Wray: Navigating ESG, Sustainability, and the Evolving Role of CFOs In a recent CFO Club podcast episode, Nicolas van Wyk had an insightful discussion with David Wray, a seasoned CFO and expert on ESG (Environmental, Social, and Governance). It’s Nicolaas van Wyk hosting another session for CFO Club.
Nicolaas van Wyk: Good day, CFO Club members, prospective members, and our CFO audience. My name is Nicolaas van Wyk, and I’m hosting another interesting podcast for CFO Club with Dr. Lawrence Nsibandze. I recently met Dr. Lawrence when we were both attending a Marcus Evans event called the 7th CFO Africa Summit.
With our core focus on financial applications such as order-to-cash, revenue recognition, subscription-billing, leasing, treasury and other solutions, Bramasol has significant experience in virtually all aspects of S/4HANA migration that involve the Office of the CFO.
Skip to main content Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. Most importantly, CBAM puts a price on carbon, making it a clear part of the CFO’s mandate. To manage this new financial liability, there are six steps that every CFO should take to prepare.
Regularly reviewing IFRS updates, tax laws, and business regulations ensures compliance and minimises risk. Exploring learning beyond finance, such as behavioural economics and leadership skills, also enhances overall decision-making ability. Curiosity and openness to new ideas drive continuous growth.
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