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The Role of IFRS in Simplifying Cross-Border Financial Reporting 

CFO Talks

The Role of IFRS in Simplifying Cross-Border Financial Reporting In todays interconnected world, businesses are no longer confined by borders. While this global reach brings opportunities, it also comes with challengesespecially when it comes to financial reporting. What is IFRS Compliance? Heres why: 1.

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Automated Financial Reporting: A call to Excellence

CFO Talks

Automated Financial Reporting: A call to Excellence By Lutic Molo Mosoane When I reflect on the evolving business landscape, I am reminded of the pivotal role financial reporting plays. Financial reporting is no different. Your reports shape their confidence in your organizations ability to deliver.

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Cross-Listed Companies, Navigating International Reporting Standards 

CFO Talks

For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.

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Financial Reports That Don’t Age Like Milk: The Power of Real-Time Data 

CFO Talks

Financial Reports That Dont Age Like Milk: The Power of Real-Time Data Imagine running a business where financial decisions feel like guessworkwaiting weeks for reports, struggling with outdated data, and constantly fearing human error. Now, real-time dashboards allow them to monitor financial health instantly.

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PodChats for FutureCFO: Succeeding as a finance professional in the AI era

Future CFO

"You can now ask AI questions around your qualification rather than wait for a teacher," notes Balasubramanian, highlighting how technology is not just disrupting finance but also enabling its development. ESG: From voluntary to vital Environmental, Social, and Governance (ESG) reporting is no longer optional.

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Medical Device Makers Leverage SAP Cloud ERP for New Business Models

Bramasol

Healthcare providers can pay monthly fees for the use of the equipment, which includes regular maintenance, software updates, and access to the latest technology without worrying about large upfront capital expenditures. Proper classification and reporting must be in place to comply with ASC 842 or IFRS 16.

SAP
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Future-proofing the finance infrastructure

Future CFO

Harmonising financial reporting and compliance Finding the balance between financial reporting and compliance across multiple jurisdictions, while trying to comply to global standards such US GAAP and IFRS with local tax regimes and regulatory requirements without overburdening local teams can be such a huge task for many organisations.