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IFRS 16: How to enable a smooth transition

Future CFO

IFRS 16, published by the International Accounting Standards Board (IABS), came into effect on January 1, 2019. In an effort to boost transparency, IFRS 16 eliminates the distinction between finance leases, which were previously capitalized on corporate balance sheets, and operating leases, which were not.

IFRS 52
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A Fresh Look at Ongoing ESG and Carbon Accounting Developments

Bramasol

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.

IFRS 87
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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

Unlike IFRS standards that are well-structured and finance practices that allow flexibility based on internal business needs, changing regulatory guidelines has caused ambiguity and anxiety due to the very fluid and subjective interpretations that can lead to material dollar spend for the company.”

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How the Digital Solutions Economy is Impacting the Medical Devices Industry

Bramasol

The factors that make a relationship like this work are open communication of utilization and outcomes, willingness to share responsibility for quality improvements in products and hospital procedures, and an approach to product and service efficacy—not just a price-based mentality.".

IFRS 75
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How to Prepare for a Financial Audit

CFO Share

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.

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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

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. 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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34 Competencies required to become a CFO(SA)

CFO Talks

Accounting knowledge (IFRS and taxation). Competencies include: Staff planning. Communication/ presentation skills and executive presence. Information quality and control rationalisation are top-of-mind issues for the Steward. Competencies include: Working knowledge of risk management, budget, and forecasting tools. Negotiation.

CFO 52