article thumbnail

Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

However, they still have a place in corporate finance and accounting. LLMs are already reshaping the productivity landscape across the business world, including finance and accounting departments. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC.

Finance 95
article thumbnail

Using Specialists for Revenue Recognition and Quote-to-Cash Projects Can Increase Value and Lower Risk

Bramasol

Bringing an Expanded RevRec "Compliance Mindset" into New Business Models: Even though subscription-based, Digital Solutions Economy (DSE) business models are radically changing many industries, RevRec compliance under ASC 606 and IFRS 15 is still required.

SAP 65
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Why It's Important to Work with Specialists in RevRec and QTC

Bramasol

Bringing an Expanded RevRec "Compliance Mindset" into New Business Models: Even though subscription-based, Digital Solutions Economy (DSE) business models are radically changing many industries, RevRec compliance under ASC 606 and IFRS 15 is still required.

SAP 52
article thumbnail

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

CFO Leadership

However, they still have a place in corporate finance and accounting. LLMs are already reshaping the productivity landscape across the business world, including finance and accounting departments. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC.

Finance 52
article thumbnail

34 Competencies required to become a CFO(SA)

CFO Talks

Competencies include: Working knowledge of risk management, budget, and forecasting tools. Accounting knowledge (IFRS and taxation). This role is oriented toward best practices of the finance function itself. Corporate finance. Information quality and control rationalisation are top-of-mind issues for the Steward.

CFO 52
article thumbnail

Data Update 1 for 2021: A (Data) Look Back at a Most Forgettable Year (2020)!

Musings on Markets

For instance, I have always computed the present value of lease commitments in future years and treated that value as debt, a practice that IFRS and GAAP have adopted in 2019, but that computation requires explicit disclosures of lease commitments in future years. Macro Data I do not report much macroeconomic data for two reasons.