Aptitude Software CEO, Tom Crawford, recently shared his thoughts with Accounting Today on how the upcoming IFRS/FASB regulatory changes can help drive innovation & finance transformation.
Today’s CFOs may be feeling a bit overwhelmed when they consider the storm of accounting regulations that is approaching. New accounting standards around leasing (ASC 842/IFRS 16), insurance contracts (ASC 942/IFRS 17), revenue recognition (ASC 606/IFRS 15) and financial instruments (CECL/IFRS 9) are pushing CFOs to the limit. The effects are being felt across the business, from customer contract structures to pricing, product design, tax and reporting.
But there is a silver lining.
Our CEO Tom Crawford shares his thoughts on how CFOs can look for the opportunities within the current storm of standards.
Read the full article on Accounting Today.
21st March 2018
Today’s CFOs may be feeling a bit overwhelmed when they consider the storm of accounting regulations that is approaching. New accounting standards around leasing (ASC 842/IFRS 16), insurance contracts (ASC 942/IFRS 17), revenue recognition (ASC 606/IFRS 15) and financial instruments (CECL/IFRS 9) are pushing CFOs to the limit. The effects are being felt across the business, from customer contract structures to pricing, product design, tax and reporting.