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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. Globalization CFOs have long needed to assure compliance with two different standards-setting bodies.

IFRS 95
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Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements

Bramasol

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Within the SAP ecosystem, Parallel Accounting is supported by the following financial application components: Financial Accounting (FI).