Address your IPSAS Transition Financials and Reporting and then Create A Reporting Foundation for your transition year and Beyond with IPSAS PARTNER
Draft your IPSAS Financial Statements and Notes with IPSAS PARTNER
IPSAS PARTNER provides a critical module in your journey to IPSAS. The IPSAS PARTNER Financial Statements and Notes Manager helps you to develop your IPSAS and your current reporting comparatives for your transition year along with IPSAS disclosures and then supports the drafting of your ongoing IPSAS financials as you provide IPSAS compliant statements to your shareholders and regulators.
Create and Manage Financial Statements – Your Current Reporting and IPSAS
IPSAS PARTNER allows your organization to create the required opening transition balance sheet and then develop ongoing quarterly/annual comparatives for your IPSAS transition year for your current reporting and IPSAS. Link your reporting spreadsheets to report on both IPSAS and how you currently reporting balances and adjustments. Gain strong control for internal control over financial reporting purposes.
As you build your statements IPSAS PARTNER automatically links the appropriate IPSAS financial statement presentation from the IFAC standards to ensure that you have all the key elements to disclose and present. It then cross references IPSAS to your current reporting to assist you in assuring that your transition from your current reporting to IPSAS is done accurately and allows appropriate proofing from the familiar to the new standards.
Meet IPSAS Disclosure Requirements and Then Review and Customize IPSAS Notes
IPSAS PARTNER automatically builds the required IPSAS disclosure instructions as you format your various financial statements. This ensures that your reporting team stays up-to-date on the latest reporting requirements. As the IFAC makes disclosure changes IPSAS PARTNER provides you with updates to keep you in sync. Then it gets better. With IPSAS PARTNER you have a regularly updated and customizable library of IPSAS notes and schedules at your finger tips. You can select from notes relating specific IPSAS standards and more.
Preview the notes for reference purposes and then open the note for editing and customization to your company’s financials. Your notes will then be formatted for use in Word with embedded Excel or as just straight Word documents. It’s that simple. IPSAS PARTNER makes it fast and easy.
Merge Financials Statements and Notes and Create A Complete Financial Reporting Package
IPSAS PARTNER provides special capabilities that allow you to produce a draft quality financial reporting package in Word format. The software automatically combines all notes in the order you specify creating the financial statements automatically. Statements can be regenerated by the system to accommodate custom pagination required. Reduction of clerical work saves time and reduces the chance of errors. This provides your team with a significant time savings and keeps your high priced talent from spending their time on clerical formatting work.
Provide Graphics and Analytics To Help Management Understand Financial Trends
IPSAS PARTNER provides financial comparatives between your current reporting and IPSAS as well as between reporting periods. Present this valuable information in amounts and percentages for ease of evaluation. In the case of IPSAS PARTNER a picture is worth more than, dare we say it, a thousand dollars. Are we having fun yet? Seriously.
So, if you are moving to IPSAS you are going to need a partner - IPSAS PARTNER
The need governments to become IPSAS compliant financial statements will increase the burden on your organizational reporting processes in months leading up to your adoption of IPSAS. If you are considering the impact of IPSAS on your financials and want to lay a solid transition foundation for IPSAS compliant financials in the near future, you need IPSAS PARTNER. The IPSAS PARTNER Financial Statements and Notes Manager module provides your organization with a head start to delivering IPSAS financial statements and supporting disclosures.
To arrange for a product demonstration of this module or the whole IPSAS PARTNER solutions please go to the Contact Us page.