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IFRS 17: South Korean insurer implements a computing platform for compliance

Future CFO

South Korea life insurance firm Kyobo Life has implemented a high-performance computing platform for IFRS 17 and K-ICS financial reporting compliance, said AON recently. within 30 hours, with no significant impact on the calculation run-time even when the number of scenarios increased from 200 to 1,000, according to AON.

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Musings on Markets: Data Update 5 for 2022: The Bottom Line!

CFO News Room

The question of whether a company is making or losing money should be a simple one to answer, especially in an age where accounting statements are governed by a myriad of rules, and a legion of number-crunchers follow these rules to report profits generated by a firm. The numbers yield interesting insights. . Superior unit economics.

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How the New Revenue Recognition Rules Could Impact Budgeting and Planning

Planful

However, the revenue recognition guidance offered under US GAAP vs. IFRS has differed and was in need of improvement. So for a number of years, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working to converge their guidelines for revenue recognition.

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Data Update 5 for 2022: The Bottom Line!

Musings on Markets

Measuring Profitability The question of whether a company is making or losing money should be a simple one to answer, especially in an age where accounting statements are governed by a myriad of rules, and a legion of number-crunchers follow these rules to report profits generated by a firm. The numbers yield interesting insights.

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172: Oyinda Akanbi

CFO Talks

Give us a sense of business and economic conditions in Nigeria at the moment. Unfortunately, that slowed down economic activity because people couldn’t get around. Initially I was thinking about economics but then I changed my mind. It’s been fun, it’s a lot of work but it’s been fun.

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

Musings on Markets

In closing, I also want to dispense with the notion that data is objective and that numbers-focused people have no bias. Finally, it is worth noting that, notwithstanding the travails of last year, the number of firms in the data universe increased from 44,394 firms at the start of 2020 to 46,579 firms, a 4.9%

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Disclosure Dilemma: When more (data) leads to less (information)!

Musings on Markets

In the years since, disclosure requirements have changed and expanded, with companies in foreign markets creating their own rules in IFRS (International Financial Reporting Standards), with many commonalities and a few differences from GAAP. In 2019, Uber claimed that its TAM was $5.2

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