Bramasol

AUGUST 29, 2022

For example, SAP Revenue Accounting & Reporting (RAR) and SAP Contract & Lease Management (CLM) streamline and simplify accounting and reporting of complex revenue streams under ASC 606 / IFRS 15 as well as asset management and accounting under ASC 842 / IFRS 16.

IFRS 78

IFRS SAP Manufacturing Compliance 78

Bramasol

SEPTEMBER 26, 2022

For example, SAP Revenue Accounting & Reporting (RAR) streamlines and simplifies accounting and reporting of complex revenue streams under ASC 606 / IFRS 15 and SAP Contract & Lease Management (CLM) provides asset management and accounting compliance for ASC 842 / IFRS 16.

Transportation 89

Transportation SAP IFRS Compliance 89

Future CFO

FEBRUARY 1, 2024

Hasenoehrl adds that organisations must take the new International Financial Reporting Standards (IFRS) S1 and S2, which will be used in many countries as the accounting foundation for ESG reporting.

Finance 52

Finance SAP Auditing IFRS 52

Bramasol

SEPTEMBER 12, 2022

Although the initial compliance phase for ASC 606 and IFRS 15 revenue recognition mandates is in the rear-view mirror for most companies, it's important to also keep a focus on the road ahead because optimization of overall RevRec processes across the enterprise will be key to ongoing success.

SAP 85

SAP IFRS Compliance Invoicing 85

Bramasol

NOVEMBER 8, 2021

Movement on the part of global accounting groups, such as FASB, IASB and IFRS, to develop detailed compliance guidelines and regulations around carbon-accounting and sustainability. New legislation regarding carbon offsets and disclosure reporting that will materially impact many companies' bottom line.

Compliance 85

Compliance Accounting SAP IFRS 85

CFO Talks

JUNE 8, 2022

It starts by recognising that the leadership required to address climate issues will need to be more strategic, integrated, and responsive than we’ve ever been in the past,” explains David Wray, President of the DFCG International Group.

CFO 52

CFO IFRS Education Auditing 52

CFO Talks

MARCH 31, 2022

Tell us about your viewpoint about that and what are these skills that the CFO is expected to know, research shows that these are softer skills like communication, strategy, team leadership and that kind of thing. What’s your view on that? For me, learning is a constant thing, we live in an evolving and changing world.

CFO 40

CFO Finance IFRS Accounting 40

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. The account-based approach uses account logic identifiers to assign accounting principles, such as using unique prefixes to determine which accounts use IFRS vs GAAP principles.

Accounting Principles 86

Accounting Principles IFRS SAP Accounting 86

Bramasol

JANUARY 27, 2023

In 2018, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced the release of new accounting standards, ASC 842 and IFRS 16, that redefined how organizations must account for leases.

Compliance 87

Compliance IFRS SAP Accounting Standards 87

Bramasol

AUGUST 31, 2023

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15.

SAP 91

SAP Accounting Reconciliations General Ledger 91

Bramasol

NOVEMBER 13, 2023

For example, at Bramasol we made a decision over a decade ago to focus on SAP finance solutions for the office of the CFO, with a specific emphasis on the new revenue recognition compliance requirements in ASC 606 and IFRS 15.

SAP 79

SAP General Ledger IFRS Compliance 79

Planful

SEPTEMBER 6, 2021

In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. The company’s leadership used fake holdings and off-the-books accounting practices to deceive regulators. Valuations are a classic example of hole-filled financial reporting.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40

Bramasol

MARCH 24, 2022

ISSB was established by the IFRS Foundation in response to the Glasgow COP 26 conference in November 2021. From a global perspective, the International Sustainability Standards Board (ISSB) is also working on developing uniform financial reporting rules.

Accounting 83

Accounting SAP Analyzing Data IFRS 83

Bramasol

OCTOBER 26, 2021

Overview of Comply, Optimize, Transform.

SAP 88

SAP IFRS Compliance Treasury 88

CFO Talks

DECEMBER 26, 2021

But being in the CFO position, you really need to know the leadership and the strategic position that the company currently has and where we can be in a year, in two years, in five years, in ten years. It’s an incredible story of leadership and courage. These are merely things that you really do need to understand thoroughly.

Manufacturing 75

Manufacturing CFO IFRS Budgeting 75

Bramasol

DECEMBER 13, 2021

They also need to address compliance requirements such as revenue reporting under ASC 606 and IFRS 15, which are still required but can be more complex for DSE business models.

SAP 52

SAP Compliance Profit and Loss IFRS 52

Bramasol

DECEMBER 14, 2023

According to the IFRS, "IFRS S1 and IFRS S2 are built on and consolidate the TCFD recommendations , SASB Standards , CDSB Framework , Integrated Reporting Framework and World Economic Forum metrics to streamline sustainability disclosures. 

Technology 90

Technology SAP IFRS Compliance 90