A case for eXtensible Business Reporting Language (XBRL)
On the 24th March 2021, the International Financial Reporting Standards (IFRS) Foundation published IFRS Taxonomy 2021. The 2021 taxonomy is an upgrade on previous versions of a digital taxonomy developed by the global reporting standard-setter for digital and electronic reporting that is based on a global reporting language known as XBRL.
Re-imagining the Finance Function
All over the world, there has been a rapid transformation in how businesses operate and thrive. The new order of operation is largely a result of the speedy adoption of new technologies but exacerbated by the pandemic that has now redefined how we live and interact. Business functions within organizations are now forced to reinvent themselves as the effectiveness of their operating models are being challenged.
Global Powers of Retailing 2017 | The art and science of customers
The 20th annual Global Powers of Retailing identifies the 250 largest retailers around the world based on publicly available data for FY2015 (encompassing companies’ fiscal years ended through June 2016), and analyzes their performance across geographies, sectors, and channels. It also provides a look at the world’s 50 biggest e-retailers and the 50 fastest-growing retailers.
Is business analytics another passing fad?
There is little doubt that analytics is one of the leading trends in corporate circles globally. Does that mean it’s worth paying attention to? Business analytics has made a quick rise to the top of many executives’ must-have list. As most business veterans who have been in the trade long enough know, that is ample reason to question whether this is just another passing fad. It could also be a new capability that is going to become essential for any company interested in making smarter decisions.
Deloitte West Africa’s 2017 Restructuring Outlook Survey
Low commodity prices, exchange rate fluctuations and decline in government spending have left many West Africans under strain. Nigeria, for instance, has experienced a “perfect storm” of economic and political events which have placed significant pressure on the economy.
Effective strategy planning for new leaders
When we interview CEOs and boards in preparation for Executive Transition Labs, we often hear they expect the newly promoted or incoming executive to be an effective strategist. Yet, in the lab, I frequently find that transitioning executives cannot clearly articulate the process for framing strategy at their company, and sometimes, the critical strategy choices of the company.
Culture shift: Changing beliefs, behaviors, and outcomes
Culture is like an iceberg. The part that can be seen above the waves reflects the isolated behaviors and outcomes that can surprise and sometimes frustrate incoming executives. The bulk of it, though, the submerged part, comprises the “shared beliefs and assumptions” that are often shaped over generations and can sometimes punch a hole through titanic corporate initiatives.
The CFO Report 2016 – West Africa
What challenges are faced by CFOs in West Africa and the rest of Africa? In this report, 349 CFOs from South Africa, Southern Africa, East Africa and West Africa have given their views on the cost of funding, risk factors, cash flow priorities, expansion plans and strategic intent.