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The Changing Role of CFOs in a Technology-Driven World

Bramasol

The first is the Financial Accounting Standards Board (FASB) in the United States. The other is the International Accounting Standards Board (IASB), whose rules for financial reporting are known as International Financial Reporting Standards (IFRS). More details on climate issues below.)

IFRS 94
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A Fresh Look at Ongoing ESG and Carbon Accounting Developments

Bramasol

IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term. The CSRD is intended to revamp and expand information that was already required to be reported since 2017 under the EU’s existing Non-Financial Reporting Directive (NFRD).

IFRS 87
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The 5 Best Corporate Performance Management Software

Spreadym

SAP Business Planning and Consolidation (BPC): SAP BPC is part of the SAP ecosystem and offers comprehensive financial planning and consolidation capabilities. It integrates with other SAP solutions and has strong reporting and analytics features.

SAP 59
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Planful vs. Vena

The Finance Weekly

This lack of automatic communication between features can be frustrating. Vena's unique advantage lies in its deep integration with Microsoft technology, leveraging a native Excel interface as its core. Vena Foundation for FP&A offers tools for financial planning and analysis, including data integration and analysis.

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ExecOpinion: Finance transformation: Strategies in 2023

Future CFO

Gartner says finance transformation encompasses strategic initiatives designed to revolutionise the way the corporate finance function manages its strategy, processes, internal controls, and financial reporting. Gartner Gartner research finds that 85% of finance teams today are in the middle of a finance transformation initiative.

Finance 91
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The best software for financial close and overview of the process

Spreadym

Post-Close Activities: After the books are closed, post-close activities may include archiving financial records, preparing management reports and analysis, conducting financial reviews, and initiating the next period's accounting processes.

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Essentials to successful finance transformation

Future CFO

Wong added that it is important to have open communication and improved employee engagement to build trust. She also posited that the ability to prove to top management that financial reports and analyses have strategic relevance and value is just as important as it enables management to be better placed to define opportunities ahead.

Finance 98