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.