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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. Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns.

Finance 95
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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. Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns.

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