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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 89
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MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

For example, according to Med Device Online , "Many manufacturers are implementing innovative pricing models to lower buyer-side pressure. 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.

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How the Digital Solutions Economy is Impacting the Medical Devices Industry

Bramasol

According to Med Device Online , "Many manufacturers are implementing innovative pricing models to lower buyer-side pressure. Market dynamics and uncertainties are making revenues less predicable for MedTech manufacturers, thereby impairing forecasting and planning processes. How DSE Applies to the Medical Device Sector.

IFRS 77
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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 66
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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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The Number One Problem With Selling a Business

Focus CFO

GAAP or IFRS based. If you are a manufacturer or in construction, you need good cost accounting records. GAAP or IFRS standards in order to maximize the value of the company. These are most likely accrual basis financial statements. You need to have good internal controls, written process and procedures in place.

Numbers 52
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Are You Ready for "Carbon Accounting"  Compliance?

Bramasol

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.