Bramasol

JUNE 10, 2022

For example, a company with branches doing business in the United States and the European Union will need to comply with both GAAP and IFRS accounting principles. Other key factors include where the company stands with regard to implementing new accounting standards (ASC 606, IFRS 15, ASC 842, IFRS, 16, etc.)

Accounting Principles

CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. 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.

Accounting

Future CFO

APRIL 18, 2022

Finance organizations regularly face the challenges of meeting strict deadlines and satisfying data quality requirements for closing the books and delivering accurate financial statements. It enables finance teams to automate and accelerate the financial close with minimal IT support. DOWNLOAD NOW.

Finance

Bramasol

JULY 26, 2024

Within the Five-Step model, Step 4 of ASC 606 and IFRS 15 requires an allocation of the total consideration in a contract, which your company is entitled to collect for each distinct performance obligation. Standalone Selling Price: What is SSP, why is it needed, and how is it determined?

SAP

CFO Talks

SEPTEMBER 5, 2024

It’s essential to engage with various stakeholders—including finance teams, auditors, and even IT professionals—to identify the specific needs that your system must address. A user-friendly interface can significantly reduce the learning curve and increase the system’s adoption rate among your finance team.

IFRS

PYMNTS

DECEMBER 16, 2016

In a survey conducted by the Institute of Management Accountants (IMA), and sponsored by Blackline, titled “Process Automation in Accounting and Finance,” examining the attitudes and concerns of 750 financial professionals surrounding accounting and month-end closing processes, manual activities remain prevalent — at the cost of time and money.

IFRS

CFO Leadership

OCTOBER 18, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. 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.

Accounting

The Charity CFO

JANUARY 19, 2023

In the United States, these Generally Accepted Accounting Principles (or GAAP) are set by the Financial Accounting Standards Board (FASB). First, nonprofits must follow GAAP, the Generally Accepted Accounting Principles. NPOs must adhere to these accounting policies to remain compliant with the law and maintain their tax-exempt status.

Accounting Standards

CFO Share

NOVEMBER 15, 2023

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.) Embarking on your first financial audit can be nerve-wracking. What Do Financial Auditors Look For? The efficacy of internal controls.

Auditing

Planful

JANUARY 19, 2016

With the right tools and processes in place, the year-end close and reporting process can be less stressful and painful for the Finance team, maybe – dare I say it – even something you look forward to. Life is so much easier for accounting and Finance staff now with today’s technology. Watch the Webinar Replay. Ah, the memories!

IFRS

Planful

AUGUST 1, 2017

If the latter is the case, Planful recently held a webinar focused on how you can automate and accelerate the financial close, consolidation, and reporting process and free up more Finance time for value-added analysis. Many Finance professionals may think that only large enterprises need a formal financial consolidation process and system.

GAAP

CFO News Room

JANUARY 18, 2023

IFRS and GAAP now treat as leases as debt, but that is still not the case in many other markets that are not covered by either standard). The numbers yield interesting insights. .

Marketing

Planful

JUNE 22, 2017

Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g., GAAP or International Financial Reporting Standards (IFRS). GAAP or International Financial Reporting Standards (IFRS). Reporting results to internal and external stakeholders.

Accounting

Planful

JULY 27, 2016

Not being compliant with US GAAP or IFRS. Finance time shifts to value-added analysis, reduce hiring needs. Challenges in consolidating multiple spreadsheets and correcting errors. Limited reporting and analysis capabilities, and too much manual effort. Lack of controls and audit trails. Lack of security.

Financial Planning and Analysis (FP&A)

Planful

SEPTEMBER 5, 2019

They throw finance bodies at the task of requesting, gathering, collating, and organizing the required data. Planful gives you a robust library of report templates to build the foundation of GAAP and IFRS-compliant balance sheets, income statements, statements of cash flow, and other financial and statutory reports.

Financial Reporting

Planful

FEBRUARY 21, 2017

From the collection and consolidation of financial results, to the creation of year-end financial statements, to audits and regulatory filings – finance teams are often distraught throughout the process. These results then require consolidation following US GAAP or IFRS guidelines. Complexities of the Financial Close.

Reconciliations

Musings on Markets

FEBRUARY 27, 2022

IFRS and GAAP now treat as leases as debt, but that is still not the case in many other markets that are not covered by either standard). The numbers yield interesting insights.

Hurdle Rate

Planful

JANUARY 3, 2017

Budget data entry templates can be created and tuned to the needs of various departments, but line managers cannot typically override business rules and calculations that have been defined by Finance. This allows organizations to automate and accelerate the period-end close and reporting process, and free up more Finance time for analysis.

General Ledger

Planful

SEPTEMBER 6, 2021

Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)-compliant, so you can focus on what matters—telling your company’s financial story. “Now we have one set of data and one view of life,” says Mark Cohen, VP of finance at Thule.

Financial Reporting

Musings on Markets

JANUARY 9, 2021

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.

Valuation

Onplan

NOVEMBER 30, 2022

Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. Because OnPlan was designed by financial professionals, it has given the company unique insight into the data modeling requirements of a modern finance department. Batch change capabilities.

Financial Planning and Analysis (FP&A)