IFRS
Currency Translation Under IAS 21, ASC 830 and FRS 102: What Changes Across Standards
The group had three subsidiaries in three countries, each reporting under a different accounting standard. The UK holding company reported…
BrizoConsol Academy: Our IFRS Consolidation Series Is Now Live
Understanding the accounting standards behind group consolidation is not always straightforward. The IFRS pronouncements that govern which entities you consolidate,…
How to Consolidate an IFRS Subsidiary into a US GAAP Parent: Journals, Fiscal Alignment, and Currency Translation
US-listed companies with overseas subsidiaries face a recurring challenge at every reporting period: those subsidiaries prepare their statutory financial statements…
NCI in the Consolidated Statement of Changes in Equity: How to Build the NCI Column Correctly
The audit partner had reviewed the consolidated financial statements twice. The income statement looked right. The balance sheet reconciled. But…
SFRS vs IFRS: Key Differences in Financial Reporting for Singapore Groups
Singapore has one of the most internationally aligned accounting frameworks in Asia. Since 2018, listed companies in Singapore have applied…
Standalone Entity Reports and Accounting Standard Naming Are Now Live in BrizoConsol
Two improvements to BrizoConsol’s Reports module are now live. First, every financial statement — Balance Sheet, P&L, Comprehensive Income, Changes…
Financial Consolidation, Explained the Friendly Way
Financial consolidation has a reputation. Ask most accounting students or finance professionals about it and you will hear the same…
Multi-Entity Accounting Software: Getting CTA Right at Consolidation
Ask any group financial controller which part of the consolidated close they trust least, and the answer is usually the…
How to Calculate the Cumulative Translation Adjustment (CTA) in Group Consolidation
If you have ever prepared or reviewed a consolidated balance sheet and found yourself staring at a line in equity…
IFRS vs UK GAAP: Key Differences in Financial Reporting
Since the UK’s departure from the EU and the decision not to adopt new IFRS standards automatically, the gap between…