Preparing perfect IFRS reporting
- Input numerical data
- Input text notes
- Make adjustment entries (if necessary)
- Get perfect IFRS reporting
- 1. IFRS reporting consists of hundreds of key figures. You enter this data in an easy-to-use tabular form. The software ensures consistency of key figures and notes in the report.
- 2. IFRS reporting is not limited to figures, but also includes numerous text notes. We have collected everything you need to include in your reporting.
- 3. In order to adjust the finalized reporting, it is possible to make adjusting entries. Entries are made intuitively, similar to accounting programs (debit-credit). The software automatically records entries in all international reporting forms.
- 4. As a result, you have ready international reporting that is 100% compliant with IFRS requirements. If you fill out statements in local currency and want to have them in another currency (for example, US dollars or euros), you only need to enter the exchange rate, while IFRT automatically calculates the exchange differences and accurately displays them on the statements.
Our financial statements are fully compliant with international standards. It is the most complete and accurate set of reporting forms, verified
against the standards adopted by the IASB
and the IFRS Taxonomy. It can be used
as a checklist to review the financial
statements that you already have.
The software enables you to produce high quality IFRS reports much faster than it would take to do so in Excel. You can enter data in any order (for example, you can enter the total first and then its components).
More convenient than Excel
The software is designed specifically for IFRS reporting. Entering information is convenient and intuitive: errors and discrepancies are immediately visible.Try it now
Who will it help?
International Financial Reporting Tool is an essential tool for companies of all sizes and types of activities, from small companies to transnational corporations, who are ready to make their reporting fully compliant with IFRS requirements.
Latest Accounting News
- 22 February 2021 IASB Plans to Extend IFRS 16 support for Lessees The International Accounting Standards Board (IASB) recently published a consultation with regards to a proposal related with the extension in the application period of amendment to IFRS 16 Leases, by one year. The ...
- 12 February 2021 IASB Issues Reporting Guidance related to Going Concern through IFRS Foundation The International Accounting Standards Board (IASB) recently issued guidance (through IFRS Foundation) regarding applying going concern judgments when preparing and finalizing financial statements, in light of the ...
- 31 July 2020 IASB has Deferred Amendments made to IAS 1 The International Accounting Standards Board (IASB) has decided to defer the effective date by one year of amendments to International Accounting Standard (IAS) 1 Presentation of Financial Statements regarding the ...
- 22 July 2020 IASB issues amendments to IFRS 17 Amendments to IFRS 17, Insurance Contracts, has been issued by the International Accounting Standards Board (IASB) to address implementation concerns and challenges identified after it was first introduced in May ...
- 7 May 2019 IASB consults Regarding Accounting Changes Concerning Interest Rate Benchmarks The International Accounting Standards Board (IASB) is consulting with regards to making changes to the accounting standards that deals with financial instruments, IFRS 9 and IAS 39, in wake of the reform to major ...
We know how to
Most WantedIFRS Terms
- Cost of Sales
- Shareholders Equity
- Statement of Comprehensive Income
- Finance Costs
- Deferred Tax Assets (Deferred Tax Liabilities)
- Intercompany Eliminations
- Distribution Costs
- Earnings per Share (EPS)
- Inventories: International Accounting Standard (IAS) 2 Overview
- Share Premium
- Cash and Cash Equivalents
- Capital Expenditure (CAPEX)