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IFRS 17: Huge work required before delivery success

Future CFO

Insurers have reported that there is still a huge amount of work to complete in order to successfully deliver IFRS 17 ahead of the 2023 deadline, said WTW recently. According to WTW’s latest survey, entitled ‘IFRS 17: Will we make it?’, insurers report material progress has been made since WTW’s previous IFRS 17 poll in 2021.

IFRS 52
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MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

For leasing, this means International Accounting Standards Board’s (IASB’s) IFRS 16 and US GAAP Financial Accounting Standards Board’s (FASB’s) ASC 842. For revenue recognition, they also must comply with ASC 606 and IFRS 15.

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How the Digital Solutions Economy is Impacting the Medical Devices Industry

Bramasol

Market dynamics and uncertainties are making revenues less predicable for MedTech manufacturers, thereby impairing forecasting and planning processes. The shift from CAPX purchase models to subscription based offerings requires medical device manufacturers to adapt their revenue recognition and reporting systems to assure compliance.

IFRS 75
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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC. a model could be trained to become an expert in finance and accounting.

Finance 95
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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 64
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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
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TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC. a model could be trained to become an expert in finance and accounting.

Finance 52