MoreBT Product

IFRS Foreign-Currency Reporting

Turn your local-currency trial balance into an IFRS currency balance in one click.

The local-currency trial balance is translated into a foreign-currency balance under IFRS rules: balance-sheet accounts from cumulative balances at the month-end rate, P&L accounts from monthly balances at the average rate; foreign-currency and equity accounts use the historical transaction currency. Conversion rules are defined per account.

FICOIFRS
IFRS Foreign-Currency Reporting
Key Features

What Does It Offer?

Per-account rule: average rate / month-end rate / no conversion
Monthly and cumulative translation options
Flagging of accounts subject to deferred tax
Balanced trial balance via a translation-difference account
IFRS adjustments: discounting, reclassification, inventory, doubtful receivables, fixed assets
Process

How Does It Work?

1
Balance
The local-currency balance is read from SAP.
2
Translate
It is translated with rates by rule.
3
Report
IFRS currency reports are produced.
Benefits

What Your Organisation Gains

No more spreadsheet dependency in reporting
Consistent, repeatable and auditable translation
Shorter closing and reporting cycles
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Learn More About IFRS Foreign-Currency Reporting

Let's look together at how the product fits your processes - contact us for a demo and a quote.

info@morebt.com
Address

Küçükbakkalköy Mah. Kayışdağı Cad. Metal İş Merkezi Kapı No:37/33, 34750 Ataşehir / İstanbul / Türkiye

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