Bartosz Gayer ACMA, CGMA

IFRS 18, which was published in April 2024, represents a significant change in the way entities adopting IFRS will present their financial performance. Companies covered by IFRS will be required to prepare their financial statements using a new structure to make their financial performance more comparable.

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Some people in Finance see KPIs as incidental. They treat the P&L as the main performance report, and the KPIs as the “other data” that are not quite as important. What do you think? I see it the other way round. KPIs are central. And if KPIs are central to performance reporting, then are we taking enough care over what we define as KPIs? I’ve seen it so many times where a Finance team is asked to come up with a KPI report, and they brainstorm a few thoughts and basically let themselves be guided by what data is easily available. There is a better way, and that’s what I’m trying to get across in the following article. (And watch out for the free download that comes with this one!) https://lnkd.in/gS2ygEv #kpi #performancemeasurement #businessperformancemanagement #finance #financefunction #financemaster #cfo

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Everybody needs a CFO in their lives - what is it and why? 🤔 What is a CFO? A CFO is a chief financial officer. Their key roles are: ↗️ providing financial direction and accountability 🖇 linking the operational levers to the financial levers of the business so the impact of moving each is known and anticipated before actions are taken 🫣 the soundboard for creative ideas to bring the necessary financial and often non-financial resources together to map things out This is just 3 of the key roles and is why we love it at Tennick Accountants where we are asked to fulfil this role such as with R.E.P.R.E.S.E.N.T and even more fun when we are asked to be a co-founder. 😐 Why does everybody need this? Every business owner to some extent should be offered and hopefully receive this as they need direction to help move their business forward. They need accountability and a sounding board for actions they are taking. Finally; and most importantly, they need the confidence in terms of struggle to see them through, to ensure they enjoy the journey and can exit their business WHEN they want, with WHAT they want, HOW they want.

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Everybody needs a CFO in their lives - what is it and why? 🤔 What is a CFO? A CFO is a chief financial officer. Their key roles are: ↗️ providing financial direction and accountability 🖇 linking the operational levers to the financial levers of the business so the impact of moving each is known and anticipated before actions are taken 🫣 the soundboard for creative ideas to bring the necessary financial and often non-financial resources together to map things out This is just 3 of the key roles and is why we love it at Tennick Accountants where we are asked to fulfil this role such as with R.E.P.R.E.S.E.N.T and even more fun when we are asked to be a co-founder. 😐 Why does everybody need this? Every business owner to some extent should be offered and hopefully receive this as they need direction to help move their business forward. They need accountability and a sounding board for actions they are taking. Finally; and most importantly, they need the confidence in terms of struggle to see them through, to ensure they enjoy the journey and can exit their business WHEN they want, with WHAT they want, HOW they want.

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Do you want to develop your understanding of 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝘁𝗿𝗲𝗮𝘀𝘂𝗿𝘆? Treasury is a key finance function vital to the financial health and success of every business, large or small. By studying the Certificate in Treasury, you can gain a strong understanding of the fundamental principles and concepts of treasury, and gain insights into the key activities carried out by treasury professionals. 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲𝗮𝘀 𝗼𝗳 𝘁𝗿𝗲𝗮𝘀𝘂𝗿𝘆 𝘄𝗶𝗹𝗹 𝘆𝗼𝘂 𝘀𝘁𝘂𝗱𝘆? ✅ The context of treasury ✅ Cash and liquidity management ✅ Corporate finance ✅ Technology, governance, and ethics ✅ Financial risk analysis and management Start studying today and become a trusted treasury professional: https://okt.to/qEX35a

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Do you want to develop your understanding of 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝘁𝗿𝗲𝗮𝘀𝘂𝗿𝘆? Treasury is a key finance function vital to the financial health and success of every business, large or small. By studying the Certificate in Treasury, you can gain a strong understanding of the fundamental principles and concepts of treasury, and gain insights into the key activities carried out by treasury professionals. 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲𝗮𝘀 𝗼𝗳 𝘁𝗿𝗲𝗮𝘀𝘂𝗿𝘆 𝘄𝗶𝗹𝗹 𝘆𝗼𝘂 𝘀𝘁𝘂𝗱𝘆? ✅ The context of treasury ✅ Cash and liquidity management ✅ Corporate finance ✅ Technology, governance, and ethics ✅ Financial risk analysis and management Start studying today and become a trusted treasury professional: https://okt.to/Z5xyI8

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Think you are a great Finance Business Partner? Most finance professionals do. Unfortunately most finance professionals are not. At theFBPteam we have devised an online assessment that allows you to benchmark yourself against the profession. Done across five key competencies of an FBP we assess you into four different levels. 👉Accountant 👉Analyst 👉Advisor 👉Influential FBP From the data we have collected over the years less than 20% are currently at the level of Advisor. And less than 1% are at the level of Influential FBPs Which means we have a lot of work to do as a profession. The good news – 90% of those that work with us progress at least one step after working with us Take our 10 minute survey and see how you measure up And if you don’t like the answers or disagree then reach out. Take the survey at https://lnkd.in/gsHcy7g8 ------------------- 😎 I own and run the global finance training company theFBPteam 💹 We train, coach and develop the worlds best finance teams who are looking to become more commercial 📨 Join over 3,000 others and Sign up to my newsletter FBP Made Easy 💪 Or join our monthly complimentary FBP Bootcamp to see what all the fuss is about Because once the robots arrive, the only thing left will be business partnering

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Do you know the role of  the Board in Financial Budgeting? The board of directors plays a key role in steering a company’s financial course, particularly in the crucial tasks of budgeting and forecasting for the upcoming year. This responsibility involves a comprehensive review of past performance, the establishment of precise financial targets, and the alignment of strategies to ensure sustainable growth and success. Read more: https://lnkd.in/gb7k6sbD #Bellmac #boardofdirectors #board #directors #goodgovernance #advisoryservices #governance #corporate

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Is the FP&A team involved in the period-end closing process at your company? While the Accounting team typically leads the process, it's not uncommon for FP&A professionals to participate as well. It was fun to collaborate with my fellow AFP FP&A Advisory Council members on this handy FP&A Checklist for Period-End Closing. Take a peek to learn some best practices that you can adapt to fit company's unique needs.

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30 Finance & Accounting Roles Credits to Aleksandar Stojanović, MSc., follow him for more practical finance content. Here's the original post ---- 30 Finance & Accounting Roles Wanna career in Finance & Accounting? Ready to seize the moment? Whether you're at the beginning of your journey or ready to leap into a leadership role, this field promises not just a job, but a thriving career that can shape the backbone of global economies. Discover the Top 30 Finance & Accounting Roles that can skyrocket your career to unprecedented heights ⤵️ 🔹 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴🔹 Immerse yourself in the heart of financial operations, mastering the art of crafting financial statements and managing fiscal strategies. → Accounting Manager → Revenue Accountant → Financial Controller → Senior Accountant → Junior Accountant → Cost Accountant → Tax Accountant 🔸 𝗙𝗣&𝗔🔸 Become the navigator in a corporate sea, guiding financial projections and delving deep into significant margins and metrics. → Senior FP&A Manager → Financial Analyst → VP of Finance → FP&A Analyst → Data Analyst 🔹 𝗔𝘂𝗱𝗶𝘁𝗶𝗻𝗴🔹 Step into the shoes of a financial sentinel, safeguarding the accuracy and completeness of financial records. → Quality Assurance Auditor → Compliance Auditor → Forensic Auditor → Audit Manager 🔸 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆🔸 Shape the financial destiny of organizations, managing resources wisely and steering investments tactfully. → Capital Markets Analyst → Hedge Fund Manager → Investment Strategist → Cash Flow Analyst → Treasury Manager → Liquidity Manager 🔹 𝗧𝗮𝘅🔹 Become a custodian of tax compliance, steering organizations to fruitful horizons while adhering to laws and regulations. → Tax Compliance Specialist → Tax Strategy Manager → Tax Supervisor → Tax Specialist 🔸 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲🔸 Identify golden investment opportunities, orchestrating strategies that meet and exceed financial objectives. → Capital Budgeting Manager → VP of Capital Markets → Investment Banker → Valuations Analyst And then... the pièce de résistance: 💎 𝗧𝗵𝗲 𝗖𝗵𝗶𝗲𝗳 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗢𝗳𝗳𝗶𝗰𝗲𝗿 💎 The epitome of leadership, steering the financial helm with unparalleled foresight and acumen. I intentionally saved the best for last! ---- Follow our page Accounting ABCs to learn more about the fundamentals of Accounting

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Are you struggling to decide whether it’s good to pursue the IFRS course or not? Do you think you have the spark inside you to set yourself as a pioneer in the global accounting sector? Are you tired of scrolling the Google pages to find the right answer that will clear your doubts about the IFRS course? If you nodded yes to these questions, you’re at the right place. We admit the fact that IFRS is a complicated course, and it’s hard for you to make a call about pursuing it at this crucial point of your career. A detailed insight into the IFRS course is all you need to make a firm decision about pursuing the course. We value your passion and interest in becoming an IFRS professional, and the opinions of our experts will guide you on the right track to make that happen seamlessly. In the upcoming series of What IFRS??, we will discuss different aspects of the course including possible IFRS career options, IFRS salaries, and many more.🎙️

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National legislation such as OR 964 and the corresponding regulations, EU directives and standards (e.g. #ESRS, #IFRS or #XBRL) have given rise to new #ESG #disclosure requirements for companies. We have summarised all of the relevant requirements into a clear and concise timeline. https://lnkd.in/dYM3-QfS #ESGRegulation #SustainabilityReporting #AnnualReporting mms solutions

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Our blog below contains the most important tax changes in detail so that your company will be prepared for the new rules coming into force in 2025. #RSMblog #taxchanges

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Types of Finance Professionals Credits to Aleksandar Stojanović, MSc., follow him for more useful content. ------ Here's the original post: 6 Types of Finance Professionals Are you aligned with your financial role? Is your team leveraging its strengths? In the financial sector, different roles come with unique responsibilities and skillsets. Here's a brief insight ⤵️ • 𝗖𝗙𝗢𝘀 are heavily invested in strategic planning, leadership, and risk management, often overlooking the entire financial spectrum. • 𝗖𝗼𝗻𝘁𝗿𝗼𝗹𝗹𝗲𝗿𝘀 play a key role in accounting, financial reporting, and regulatory compliance, ensuring financial integrity. • 𝗙𝗣&𝗔 𝗠𝗮𝗻𝗮𝗴𝗲𝗿𝘀 focus on financial modeling, analytical skills, and business acumen to drive business growth. • 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝗹 𝗔𝘂𝗱𝗶𝘁𝗼𝗿𝘀 specialize in risk management, regulatory compliance, and analytical tasks to ensure internal control. • 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝘁𝘀 are adept at financial modeling, analytics, and reporting to support data-driven decisions. • 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁𝘀 emphasize accounting skills, financial reporting, and regulatory compliance for precise record-keeping. Generally, CFOs and FP&A Managers might spend more time connecting to business stakeholders for strategic decisions, while Controllers and Internal Auditors focus more on regulatory and compliance tasks. Finance Analysts and Accountants are more involved in financial modeling and reporting. These titles and responsibilities can be interchanged in some job descriptions, and the weight of these skills also depends on the industry and project. But this breakdown is still quite helpful when planning career paths or understanding the roles within a finance department. ------- Follow Business Infographics to learn from the best visuals.

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With the new IFRS 18 ‘Presentation and Disclosure in Financial Statements’ replacing the existing IAS 1 ‘Presentation of Financial Statements’, reporting entities need to start preparing properly to apply the new Standard. Read our latest article and get ready for IFRS 18. https://grnt.tn/vnz #IFRS #financialreporting

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Ace Your ACCA: Top Study Materials Revealed By Experts in 2025

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Internal Audit in Cyprus: AGING without COMING OF AGE: Feels like an AGE when I discovered IAg and summarily proceeded to abandon my teaching - very successful program at that - of IFRS & US GAAP (CPA Review courses, the first and only ever in Cyprus) and enthusiastically took to teaching I/Auditing (CIA). This AGE later, I am still as, and even more, enthusiastic, having discovered more of IAg's relevance and value to business and society in general. Especially to ... yes, thoroughly corrupt, Cyprus. I have taught IAg tens of thousands of hours, literally. I have trained, I have consulted, I have spoken, I have publicised promoted and advertised in every possible form and shape, with tremendous passion and energy. To no avail. Stuck. Stagnated. Stunted. Stifled. Retarded. Infantile. If not embryonic. Stage ! An age later, I am decisively aged (difference between a 40 year workaholic and a 66 one), and tired waiting for my beloved profession to COME OF AGE. It is aging - growing old - without COMING OF AGE. Passion, Belief, Energy, Salesmanship, ... lacking. Love lacking. Only short-term-ist, short-sighted love of Self, exploiting it, benefitting from it rather than / without benefitting it.

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