Bramasol

JULY 31, 2023

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.

Accounting 75

Accounting SAP GAAP IFRS 75

Simply Treasury

JUNE 3, 2021

Many companies hedge on a budgetary basis and qualify hedges of future cash flows by applying the so-called "cash-flow hedge" method under IFRS 9 (ex-IAS 39). Thus, when circumstances required it, companies had to shift the timing of transactions initially planned for a specific date.

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

Bramasol

AUGUST 29, 2022

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 76

IFRS SAP Manufacturing Compliance 76

Future CFO

MARCH 5, 2024

Despite agreeing to climate commitments, about 56% of those surveyed in Southeast Asia do not disclose a transition plan to back these. Of those that do disclose plans (44%), the level of detail remains limited. Agriculture, however, falls behind, with 47% of those surveyed in that sector disclosing any form of transition plan.

IFRS 52

IFRS Compliance Leverage Transportation 52

Bramasol

OCTOBER 31, 2023

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 65

SAP IFRS Compliance Construction 65

CFO Share

NOVEMBER 15, 2023

As a small business owner or finance manager, it’s crucial to approach this process with a clear plan. An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) Based on the audit findings, create an action plan to address any issues and refine your financial processes. What Do Financial Auditors Look For?

Auditing 52

Auditing IFRS GAAP Invoicing 52

Future CFO

MAY 1, 2024

Unlike IFRS standards that are well-structured and finance practices that allow flexibility based on internal business needs, changing regulatory guidelines has caused ambiguity and anxiety due to the very fluid and subjective interpretations that can lead to material dollar spend for the company.”

Leadership 98

Leadership IFRS Finance Communication 98

Bramasol

OCTOBER 31, 2023

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

SAP IFRS Compliance Construction 52

CFO Leadership

OCTOBER 10, 2023

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. With a large and diverse enough data set (e.g.

Finance 95

Finance Accounting Auditing IFRS 95

Planful

JULY 5, 2016

But Robert Kugel , SVP and Research Director at Ventana Research, recently published an article highlighting the impact the new guidelines can have on budgeting and planning. However, the revenue recognition guidance offered under US GAAP vs. IFRS has differed and was in need of improvement. Background – What’s Changing and When?

Budgeting 40

Budgeting IFRS Planning GAAP 40

Future CFO

APRIL 18, 2022

Click on the link to download to discover in detail a list of the benefits that IBM Cognos Controller provide for finance teams: Data collection and validation Reconciliations Workflow and tasks to improve the close cycle Currency conversion Minority interest calculations Inter-company eliminations Group closing adjustments Management adjustments Allocations (..)

Finance 52

Finance IFRS GAAP Accounting Principles 52

Planful

JULY 27, 2016

Are you wondering how best to make the business case to your company for investing in a cloud-based planning or reporting solution? Reducing Reliance on Spreadsheets for Budgeting, Planning, and Reporting. The key challenges in using spreadsheets and email for budgeting and planning: Too much manual work – the process takes too long.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Value-Added Analysis Budgeting 40

CFO Leadership

OCTOBER 18, 2023

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. With a large and diverse enough data set (e.g.

Finance 52

Finance Accounting Auditing IFRS 52

CFO Talks

MARCH 2, 2023

Financial indices are all positive, we’ve just presented our business plans to our shareholders and we’re still portraying a positive business plan for next year. I leave the younger generation to worry about the technicalities in the IFRS books, in the tax books, that’s what you have the specialist skills in the business for.

Auditing 98

Auditing CFO IFRS Construction 98

CFO Talks

JUNE 7, 2022

Accounting knowledge (IFRS and taxation). Competencies include: Staff planning. Information quality and control rationalisation are top-of-mind issues for the Steward. Competencies include: Working knowledge of risk management, budget, and forecasting tools. Investment and credit risk knowledge. Project management. Corporate finance.

CFO 52

CFO IFRS Leadership Risk Management 52

The Finance Weekly

JANUARY 31, 2022

This is another key pillar of the leadership development for financial planning and analysis (FP&A) professionals. An FP&A leader should be able to integrate financial planning with strategic and operational planning in order to drive the overall business performance that will result in the financial success of the organization.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leadership IFRS Budgeting 52

CFO Talks

JUNE 8, 2022

Clear action plans on environmental and social priorities strengthen the operational resilience of a business and strengthen competitiveness by cutting costs. For corporates, ESG must work alongside financial factors to save, not increase, costs. It is only in this way that companies will give these critical issues their full attention.

CFO 52

CFO IFRS Education Auditing 52

Planful

JANUARY 19, 2016

Consolidating the financial results following US GAAP or IFRS guidelines, including these steps: Performing currency conversions. The financial close and consolidation modules provided by cloud-based EPM providers, such as Planful , make the year-end close and reporting process much less painful. Enter cloud-based EPM software.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

Planful

FEBRUARY 21, 2017

These results then require consolidation following US GAAP or IFRS guidelines. At the recently-held webinar, War Stories from the Fiscal Year-End Close and Reporting Season of 2016 , sponsored and led by Planful, the focus was on learning from the mistakes of the past and trying to formulate a new approach in 2017.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

CFO Talks

MARCH 31, 2022

Let’s talk about life-long learning, you are coming from an interesting and unconventional because of your planning and analysis experience, which is, in a way, what the CFO is employed to do, so that they can indicate what are the drivers of the business, what are the profits and loses.

CFO 40

CFO Finance IFRS Accounting 40

https://trustedcfosolutions.com/feed/

FEBRUARY 18, 2022

Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place. All the data you need is captured in real-time for improved financial forecasting, reporting, and planning accuracy.

GAAP 116

GAAP IFRS Compliance Forecasting 116

Musings on Markets

JULY 14, 2021

In the years since, disclosure requirements have changed and expanded, with companies in foreign markets creating their own rules in IFRS (International Financial Reporting Standards), with many commonalities and a few differences from GAAP.

GAAP 52

GAAP Forecasting Accounting Numbers 52

Bramasol

OCTOBER 26, 2021

Of course, one of the things that we've all learned over the years is that there is rarely a perfect one-size-fits-all solution for everyone, so we encourage clients to consider all the available options, especially when planning a major business transformation program. Overview of Comply, Optimize, Transform.

SAP 86

SAP IFRS Compliance Treasury 86

Bramasol

MARCH 24, 2022

Information about climate-related targets and goals, and transition plan, if any. ISSB was established by the IFRS Foundation in response to the Glasgow COP 26 conference in November 2021. Certain climate-related financial statement metrics and related disclosures in a note to its audited financial statements; and ?

Accounting 81

Accounting SAP Analyzing Data IFRS 81

Jedox Finance

JULY 11, 2023

1 These pros and cons are enough to motivate the C-suite to expedite their ESG efforts, starting with determining the department responsible for ESG planning and reporting. Numerous associations, consultants, and analysts have promoted the idea of the finance function assuming the core responsibility for ESG planning, tracking, and reporting.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Compliance Profit and Loss 52

CFO Talks

DECEMBER 26, 2021

So that you will eventually have the CFO focusing on three reporting areas, the traditional IFRS, then secondly, business efficiencies, and then because of the difficult economic circumstances we are in, the only way that you can still maintain the bottom line is through better efficiencies.

CFO 40

CFO Profit and Loss Finance Accounting 40

Spreadym

AUGUST 10, 2023

The best financial reporting software solutions , Spreadym : an easy-to-use platform that is widely used for financial planning and analysis. Compliance: Adherence to accounting standards and regulations, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

The Charity CFO

JANUARY 19, 2023

There are ongoing efforts to establish International Financial Reporting Standards (IFRS) for nonprofits, which, if successful, could result in greater consistency and comparability of financial information across countries.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

Planful

SEPTEMBER 6, 2021

Planful offers a robust library of reporting formats and distribution options, so you’re able to produce a variety of interactive financial and management reports from one source of truth. Centralize your data by moving from Excel-based planning to a Continuous Planning platform like Planful.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40

Planful

SEPTEMBER 5, 2019

Our customers love to tell us how many inefficiencies they had in their reporting process before they started using the Planful Platform for financial reporting. Planful Reporting has even helped some of our customers reduce their reporting times by 90% ! That’s just one simple example. That’s huge, and it’s easily attainable. .

Financial Reporting 40

Financial Reporting IFRS GAAP Auditing 40

Musings on Markets

OCTOBER 6, 2023

It is true that IFRS has moved faster in bringing intangible assets on to balance sheets, albeit not always in the most sensible ways, but even with those rules in place, progress on bringing intangible assets onto balance sheets has been slow. IPO Proceeds : News stories suggest that Birkenstock is planning to offer about 21.5

Valuation 104

Valuation Profit and Loss Accounting Investments 104

Planful

JANUARY 3, 2017

Although the name makes it sound like a system that’s optimized for planning, in reality, an ERP system is designed and optimized for back-office transaction processing and operational process support. Let’s take a look at how an EPM suite handles some of these processes – starting with budgeting, planning, and forecasting.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

Planful

JUNE 22, 2017

GAAP or International Financial Reporting Standards (IFRS). While these systems have historically been deployed in on-premises data centers, they are now available as Cloud Financial Planning and Analysis Solutions. . Consolidating the data following specific financial accounting rules and guidelines, such as U.S.

Accounting 40

Accounting General Ledger IFRS GAAP 40

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. Supply Chain – goods issue and receipt, warehouse management, shipping, logistics, material requirements planning, and vendor information sharing.

SAP 52

SAP Compliance Profit and Loss IFRS 52

Planful

AUGUST 1, 2017

If the latter is the case, Planful recently held a webinar focused on how you can automate and accelerate the financial close, consolidation, and reporting process and free up more Finance time for value-added analysis. US GAAP, Canadian GAAP, IFRS, etc.). And it recognized Planful as a leader in this market.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

Bramasol

DECEMBER 14, 2023

This includes understanding the scope of the migration, identifying the resources needed, and developing a migration plan. Develop a migration plan : Businesses need to develop a detailed migration plan that includes a timeline, a risk assessment, and a contingency plan.

Technology 88

Technology SAP IFRS Compliance 88

Onplan

NOVEMBER 30, 2022

Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. In this buyer’s guide to the best FP&A software, we’ll provide an overview of the top financial planning and analysis tools to consider. However, not all FP&A tools are created equal.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52