How Our Financial Analysis Works
2 — 15 minutes
You input into ReadyRatios tables financial statement of your company, prepared according to IFRS or US GAAP rules:
— A statement of financial position (balance sheet) and
— A statement of comprehensive income (income statement).
Instead of manual input, your data can be uploaded in XBRL format.
analyses it instantly20 — 40 seconds
ReadyRatios online software produces a complete financial analysis of your statements: more than 40 ratios and indicators, unique conditional comments, tables, diagrams and summary.
No financial knowledge is required. Our unique online financial analysis software performs this task!
You receive a detailed
analytical report2 — 5 seconds
You will effortlessly get a detailed report about the financial condition of your company without the investment of time.
You will not be able to tell this report from a professionally made human report!
Perfect IFRS Reporting with Our Tool (IFRT)
- Input numerical data
- Input text notes
- Make adjustment entries (if necessary)
- Get perfect IFRS reporting
- 1. IFRS reporting is comprised of hundreds of indexes. You will enter such data in a convenient-to-use tabular form. Indicators consistency in the reporting and notes thereto is ensured by the software.
- 2. IFRS reporting is not only limited to figures, but also includes multiple text notes. We have collected everything that you need to include in the reporting.
- 3. In order to adjust the finalized reporting it is possible to make adjustment entries. Entries are made intuitively, similarly to accounting programs (Debit-Credit). Software automatically records entries to all international reporting forms.
- 4. As a result, you have ready international reporting, 100% compliant with IFRS requirements. If you fill out statements in the national currency and would like to have it in any other currency (for instance, US Dollars or Euro), you only need to enter exchange rate, while IFRT will automatically compute exchange differences and accurately display them in the statements.
Our statements are fully compliant with international standards. It is the fullest and most accurate set of reporting forms, verified against IASB adopted standards and IFRS Taxonomy. It may be
used as a checklist to verify the statements
that you already have.
The software enables to create high quality IFRS reporting much faster than it usually takes to make it with Excel. You can enter data randomly (for instance, first you may enter the sum and then its components).
More convenient than Excel
The software was created specifically for IFRS reporting. Information input is convenient and intuitive: you immediately see permitted errors and discrepancies.Try it now
For whom it will be helpful?
International Financial Reporting Tool is a crucial tool for the companies of any scale and types of activities, from small firms to transnational corporations, which are willing to make their reporting in full compliance with IFRS requirements.
IFRS Disclosure Guide
What is it?
IFRS Disclosure Guide (DG) is the reference book comprising all items which should be disclosed according to International Financial Reporting Standards. Our disclosure guide is composed from IFRS taxonomy which is officially presented by International Accounting Standards Board (IASB).
Who needs it?
IFRS DG is the indispensable information source for everyone who makes or audits IFRS statements. It's almost impossible to prepare IFRS compliant statements without our guide! It's also essential knowledge source for students. IFRS DG is our contribution to improving IFRS statements worldwide.
Use it for free!
- February 12, 2018 IPSASB Proposes a Draft Strategy on Accrual-based Workplan The International Public Sector Accounting Standards Board (IPSASB) is seeking views on its draft strategy and plan for the period 2019-2023, with increasing focus on adopting accruals-based accounting and standards so ...
- February 9, 2018 ICAEW Fined an Accountant for Using Offensive Language ICAEW has recently ordered an accountant to pay a sum of £8,000 in costs in addition to imposing a fine of £1,500 after the accountant was found to be guilty of breaching rules of professional behavior as used ...
- February 7, 2018 CIPFA Recognition Revoked as an Audit Qualifying Body The UK based independent regulator Financial Reporting Council (FRC) has revoked the recognition of the Chartered Institute of Public Finance (CIPFA) as an audit qualifying body, effective from December 18, 2017. ...
- February 6, 2018 PwC is the Most Valuable Brand Among Big Four According to a recently released report, all the Big Four firms have improved their brand value in the past year and therefore have also improved their brand position in the table of the most valuable brands in the ...
- October 30, 2017 Employers can no longer use their Credit Cards to pay their PAYE Liability Commencing from June 13, 2018, HMRC announced that employers can no longer use their credit cards to pay PAYE penalties from their own personal titled credit cards. Although, employers can use company credit cards ...
Now financial analysis is amazingly easy to do using our financial analysis software. Just input your financial statement (balance sheet & profit and loss statement) and receive ready financial analysis report (including current ratio, debt ratio, profitability ratios, liquidity ratio, etc.)
Most WantedFinancial Terms
- Most Important Financial Ratios
- Debt-to-Equity Ratio
- Financial Leverage
- Current Ratio
- Interest Coverage Ratio (ICR)
- Receivable Turnover Ratio
- Return On Capital Employed (ROCE)
- Accounts Payable Turnover Ratio
- Debt Service Coverage Ratio
- Solvency Ratio
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