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The Changing Role of CFOs in a Technology-Driven World

Bramasol

They are expected to provide financial leadership and insight into the organization's strategic direction. The other is the International Accounting Standards Board (IASB), whose rules for financial reporting are known as International Financial Reporting Standards (IFRS).

IFRS 95
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A Fresh Look at Ongoing ESG and Carbon Accounting Developments

Bramasol

From a global perspective, the International Sustainability Standards Board (ISSB), which was established by the IFRS in November 2021 at COP26 in Glasgow, has issued its first two standards. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

IFRS 87
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Integrating DSE Order-to-Cash with Built-in RevRec Compliance

Bramasol

Compliance with ASC 606 / IFRS 15 requires separate cumbersome processes. To overcome these limitations, many market leading companies are leveraging SAP's Billing and Revenue Innovation Management (BRIM) solution to holistically innovate and scale recurring revenue-based order-to-cash processes. Complex allocations of revenue.

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34 Competencies required to become a CFO(SA)

CFO Talks

In developing the CFO(SA) designation, we identified 34 competencies and four pillars that the Modern CFO needs to fulfill to excel in their leadership position. Accounting knowledge (IFRS and taxation). Competencies include: Leadership and influence. Investment and credit risk knowledge. Corporate governance. Negotiation.

CFO 52
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Mapping Out Successful FP&A Management In the Face of Adversity

The Finance Weekly

However, there have been many organizations that have successfully persevered through the challenges posed by the past couple of years, and among the differentiating factors between such businesses is leadership. Leadership across business departments is a foundational element of success. 5 Leadership Competencies for CFOs 1.

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How the Digital Solutions Economy is Impacting the Transportation Sector

Bramasol

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.

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New RevRec Optimization Enhancements with SAP S/4HANA, RAR, and Cloud Options

Bramasol

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. Freeze periods on time-based POBs.

SAP 83