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As Asia's finance leaders navigate an era defined by artificial intelligence, evolving ESG mandates , and data-driven decision-making, the role of the CFO is no longer confined to stewardship—it is increasingly strategic. In 2025, the finance function is being reshaped not just by new tools, but by new expectations.
For chief financial officers overseeing operations across Asia-Pacific, the Middle East, Europe, and the Americas, building compliant, scalable finance functions in unfamiliar jurisdictions is a high-stakes challenge. When it comes to dealing with changes, being one step ahead is a must for organisations to ensure the best result possible.
Whether you’re a finance professional, business owner, or decision-maker, understanding how to leverage FIS can mean the difference between reactive problem-solving and proactive success. From Spreadsheets to Smart Systems Traditionally, businesses used basic spreadsheets to manage their finances.
The CFO’s Expanded Role Modern CFOs are no longer just financial stewards; they are architects of global finance strategy. IFRS, local GAAP)? Technology and Data Integration Your finance systems must support multi-entity, multi-currency, and multi-GAAP reporting. Set up a robust communication and reporting cadence.
Heres what that actually looks like in todays finance landscape. Shift from Finance Chief to Strategy Partner Yes, your financials must be rock-solid. They are finance. Use the tools your finance team uses, dont just approve the licences. But being a modern CFO means becoming a strategist and not just a scorekeeper.
Every business must follow certain rules when reporting its finances, and these rules change depending on the industry. Work Closely with Other Departments Regulatory reporting is not just the finance teams responsibility. From Chaos to Clarity Smarter Regulatory Reporting for CFOs Regulatory reporting is a big part of a CFOs job.
00:33:48 [Speaker Changed] So economic returns is, you know, if you have a bond and you know the market value of that bond moves in a negative direction, even if it pays your yield, you know, net net, you might be losing economic value on holding that position in IFRS. I think it was just the way it was communicated, right.
Career Evolution: A Non-Traditional Pathway Davids career journey reflects a shift from credit enforcement and finance operations to leadership roles in global organisations. Stakeholder Engagement: Effectively communicating ESG efforts to investors, regulators, and other stakeholders is crucial for building trust and securing support.
ASC 606/IFRS 15 Compliance : Under the ASC 606 (U.S.) and IFRS 15 (International) revenue recognition standards, media companies must recognize revenue based on performance obligations, such as when content is made available or when specific services are rendered.
The new IFRS sustainability standards will impact businesses large and small, says Suresh Kana, trustee and deputy chair of the IFRS Foundation. You cannot produce 130 pages of a report or communication that is just waffle,” Kana explained. “We Kana also notes that IFRS will work on industry-specific standards. “If
Navigating IFRS , Key Updates and Changes Introduction In today’s fast-paced financial world, staying up to date with the latest International Financial Reporting Standards (IFRS) is critical for CFOs. IFRS 16 Leases: Impact on Balance Sheets IFRS 16 has changed the way leases are recorded on balance sheets.
IFRS 16, published by the International Accounting Standards Board (IABS), came into effect on January 1, 2019. The new leases standard will affect most companies in the region, because, simply put, most companies use rentals or leasing to access assets as it’s a popular financing solution.
AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.
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.
According to a PwC 2022 Global Digital CFO Survey , 73% of CFOs agree that digitalization of the finance function is a high priority and already 18.5% The other is the International Accounting Standards Board (IASB), whose rules for financial reporting are known as International Financial Reporting Standards (IFRS).
Clearly, CFOs and the finance function have a big role to play here. The balance sheet, income statement, cash flows and stockholder equity have traditionally communicated how — and how much — companies create value. Reporting is no longer just about providing quarterly financial performance.
Among the things finance leaders must focus on for the new year is undoubtedly the rising interest and trend on sustainability. Businesses can then calculate product and corporate carbon footprints, transparently communicate, and comprehensively report auditable sustainability data to their key stakeholders.
As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of a finance controller is anything but ordinary.
Within the Five-Step model, Step 4 of ASC 606 and IFRS 15 requires an allocation of the total consideration in a contract, which your company is entitled to collect for each distinct performance obligation. Standalone Selling Price: What is SSP, why is it needed, and how is it determined?
These include the Companies Act, the Tax Administration Act, the Financial Sector Regulation Act, and the International Financial Reporting Standards (IFRS), among others. Regular communication with auditors and financial teams is essential to avoid last-minute complications.
In a survey conducted by the Institute of Management Accountants (IMA), and sponsored by Blackline, titled “Process Automation in Accounting and Finance,” examining the attitudes and concerns of 750 financial professionals surrounding accounting and month-end closing processes, manual activities remain prevalent — at the cost of time and money.
AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.
Financial Intelligence Centre Act (FICA): FICA aims to combat money laundering and terrorist financing by imposing obligations on businesses, especially those in the financial sector, to verify client identities, keep detailed transaction records, and report suspicious activities.
As a professional body, SAIBA offers the only official designation for Finance Executives, as registered by SAQA. 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. Accounting knowledge (IFRS and taxation).
As a small business owner or finance manager, it’s crucial to approach this process with a clear plan. An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) This will include auditor recommendations but also audit-process issues like communication, file sharing, and general project management.
Personal leadership is a critical facet of a CFO’s performance which is often ignored by many finance professionals aspiring to take leadership roles. Best way to build your strategic mindset is by asking the right strategic result-oriented questions from the right people within non-finance business functions. Operational leadership.
Real estate and utilities are the two sectors that have not come back fully from the COVID effect, but materials, technology and communication services are now reporting significantly higher earnings that before the shut down. The numbers yield interesting insights. .
From Bramasol's perspective as a leading SAP partner creating business management, finance, and compliance solutions for over 25 years, here are five major areas that we are watching closely and helping our clients prepare to deal with in the coming year - and beyond.
Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)-compliant, so you can focus on what matters—telling your company’s financial story. Planful allows you to tag collaborators within the platform, so you can communicate and collaborate asynchronously.
Real estate and utilities are the two sectors that have not come back fully from the COVID effect, but materials, technology and communication services are now reporting significantly higher earnings that before the shut down. The numbers yield interesting insights.
Oyinda Akanbi is making a difference beyond finance in her position as CFO at the leading diagnostics provider in Nigeria. Oyinda is a member of ACCA and she has an MSc in international banking and finance from the University of Salford in the UK. CFO Talks is a brand of the South African Institute of Business Accountants.
Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. Because OnPlan was designed by financial professionals, it has given the company unique insight into the data modeling requirements of a modern finance department. Batch change capabilities.
After a year in that position, I received a scholarship to pursue an MSc in Investment Management and Risk Finance at the University of Westminster in the UK. In addition to my MSc from Westminster, I completed a Doctorate in Business Administration in 2021, specializing in financial management and strategic finance.
McKinsey also notes that finance functions are leading the way to the AI third wave. In addition, from an internal perspective, Bramasol is proactively implementing AI capabilities across virtually all functional areas, including service delivery, customer satisfaction, project management, marketing, sales and finance.
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