article thumbnail

The fundamentals of IFRS 5

Future CFO

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IFRS 5, 'Non-Current Assets Held for Sale and Discontinued Operations'. The post The fundamentals of IFRS 5 appeared first on FutureCFO.

IFRS 98
article thumbnail

Medical Device Makers Leverage SAP Cloud ERP for New Business Models

Bramasol

Medical device companies can offer training, consulting, and certification programs alongside the sale of their equipment to ensure healthcare providers can fully utilize the technology. Accounting standards such as ASC 606 and IFRS 15 provide guidance, but medical device companies must navigate specific nuances for different models.

SAP 82
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Webinar: Leveraging Universal RevRec for Pre-built Process Efficiency and Optimized Best Practices

Bramasol

As organizations deal with increasingly complex revenue streams across sales, services, subscriptions, and projects, the need for a flexible, scalable, and industry-tailored revenue recognition solution has never been more critical. Enter Universal RevRec (URR) —SAP S/4HANA Cloud Public Edition’s powerful new revenue recognition platform.

article thumbnail

The five biggest challenges for revenue recognition in 2025

Future CFO

Compliance with standards like ASC 606 and IFRS 15 is still crucial, but the focus has shifted to optimising operations for growth. Inconsistent application of IFRS 15 and ASC 606 can lead to significant risks, including audit adjustments, compliance penalties, and investor mistrust.

IFRS 52
article thumbnail

Future-proofing the finance infrastructure

Future CFO

Harmonising financial reporting and compliance Finding the balance between financial reporting and compliance across multiple jurisdictions, while trying to comply to global standards such US GAAP and IFRS with local tax regimes and regulatory requirements without overburdening local teams can be such a huge task for many organisations.

Finance 52
article thumbnail

Hedging or de-hedging, that is the question…

Simply Treasury

Many companies have suffered from the effects of the crisis and the drop in their sales, or sometimes they have simply experienced delays in delivery from their suppliers or payment from their customers. Any hiccup may require readjustment of the accounting of the transactions, as required by IFRS 9.

IFRS 130
article thumbnail

Financial Reports That Don’t Age Like Milk: The Power of Real-Time Data 

CFO Talks

Financial Information Systems help businesses automate compliance checks, ensuring they meet regulations such as International Financial Reporting Standards (IFRS 17) and tax laws. Often, finance teams work separately from sales, operations, and HR, leading to inconsistent financial data.