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The Role of IFRS in Simplifying Cross-Border Financial Reporting 

CFO Talks

The Role of IFRS in Simplifying Cross-Border Financial Reporting In todays interconnected world, businesses are no longer confined by borders. This is where International Financial Reporting Standards (IFRS) come into play. But what does it really mean to be IFRS-compliant? What is IFRS Compliance? Why is it important?

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Cross-Listed Companies, Navigating International Reporting Standards 

CFO Talks

For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.

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The Changing Role of CFOs in a Technology-Driven World

Bramasol

This blog post provides an overview of these major waves of change based Bramasol's more than 27 years of working closely with CFOs and their stakeholders across many industry segments and technology innovation cycles. IFRS S2 sets out specific climate-related disclosures and is designed to be used with IFRS S1. 

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Medical Device Makers Leverage SAP Cloud ERP for New Business Models

Bramasol

Healthcare providers can pay monthly fees for the use of the equipment, which includes regular maintenance, software updates, and access to the latest technology without worrying about large upfront capital expenditures. Proper classification and reporting must be in place to comply with ASC 842 or IFRS 16.

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CIMA unveils upgraded CGMA professional qualification for modern finance

Future CFO

CIMA seeks to meet the growing expectations of modern finance professionals to be high-performance finance business partners capable of utilising technology and applying critical thinking skills, with an emphasis on applied problem solving. The move comes following the findings of AICPA & CIMAs Future of Finance 2.0

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Automated Financial Reporting: A call to Excellence

CFO Talks

The Power of Automation Automation in financial reporting is more than a technological upgrade; its a cultural shift. Automation helps organizations comply with IFRS, GRAP, and local tax regulations by ensuring all reporting follows the latest legal frameworks. Its a commitment to integrity and a strategic step toward excellence.

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IFRS 17 challenges: Disrupting business as usual

Future CFO

One of the major IFRS 17 challenges is that it’s disrupting business as usual for insurers. According to a WTW IRS 17 survey, there are major post-implementation challenges that insurers still need to overcome after reporting their half-year 2023 results under IFRS 17 for the first time.

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