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The Changing Role of CFOs in a Technology-Driven World

Bramasol

They are expected to provide financial leadership and insight into the organization's strategic direction. This involves not just managing financial data but also interpreting it to guide decision-making. IFRS S2 sets out specific climate-related disclosures and is designed to be used with IFRS S1. 

IFRS 95
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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

Additionally, they can sometimes produce incorrect or misleading information, particularly on topics updated beyond their last training data or when asked to predict or speculate about future events. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC.

Finance 95
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The future of sustainability reporting in the finance function

Future CFO

"It is absolutely critical businesses implement an accounting and reporting system for their ESG data that is as auditable, transparent, and reliable as their financial data accounting," Hasenoehrl says, "2024 is the year we have to start treating enterprise carbon data the same way we treat financial data."

Finance 52
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TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

Additionally, they can sometimes produce incorrect or misleading information, particularly on topics updated beyond their last training data or when asked to predict or speculate about future events. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC.

Finance 52
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Looking Ahead at Five Key Trends to Watch in 2022

Bramasol

They also need to address compliance requirements such as revenue reporting under ASC 606 and IFRS 15, which are still required but can be more complex for DSE business models. Sales – streamlining of sales master data, sales contract management, sales order processing, billing, invoicing, claims, returns, refunds, and sales forecasting.

SAP 52