article thumbnail

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.

IFRS 52
article thumbnail

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. 

IFRS 95
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

Hedge Accounting: 3 Key Benefits of IFRS 9

Reval

IFRS 9 is changing hedge accounting forever. Companies in the European Union have only begun to kick off their IFRS 9 initiatives since the European Commission endorsed the standard in November 2016. IFRS 9 Advantages in a Nutshell. IFRS 9 enables hedgers to treat “costs of hedging” as a separate component of equity.

IFRS 52
article thumbnail

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
article thumbnail

Stronger momentum needed for sustainable financing in Southeast Asia

Future CFO

These pose a considerable challenge to accelerate the innovation and adoption of sustainable technologies, infrastructure and practices, thereby hindering progress," Lim points out.

Finance 52
article thumbnail

MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

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.

article thumbnail

How the Digital Solutions Economy is Impacting the Transportation Sector

Bramasol

Railway freight services are turning to new technologies for tracking, efficiency and flexibility. Waymo has built on autonomous driving technologies to become a trusted turnkey services partner with automated driving solutions for companies that move people as well as companies that move freight.