Our
solution

IFRS SYSTEM makes the preparation of statutory financial reports easier.

IFRS SYSTEM makes the preparation of statutory financial accounts easier.

The problem

Today, the majority of statutory financial reports are prepared by cutting, pasting and manipulating data from financial systems into spreadsheets and word processors as shown below.

Today, the majority of statutory financial accounts are prepared by cutting, pasting and manipulating data from financial systems into spreadsheets and word processors as shown below.

This approach can lead to errors, omissions, unnecessary re-work and audit trails being lost or difficult to follow.

The IFRS SYSTEM solution

Step 1
Enter the name of the reporting entity and any subsidiaries.

Step 2
Use drop down lists or data entry fields to choose or specify reporting options.

Step 3
Choose allocation method and import the trial balance(s).

Step 4
Enter non-trial balance data with the inbuilt disclosures tool or manually.

Step 5
Make adjustments or edit notes as required.

Step 6
Publish and review outputs.

Step 7
Repeat steps 5 and 6 (usually 4 drafts) until a ‘final’ report is ready for signing. Repeat steps 5 and 6 (usually 4 drafts) until the ‘final’ accounts are ready for signing.

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