ValueFinancials is an efficient, simple to use tool for preparing financial statements in accordance with IFRS and is based on PwCs' best practice model financials, Value Accounts. The solution integrates directly with the general ledger and provides a simple mechanism to capture and classify the information needed to prepare financial statements.
The www.valuefinancials.com website provides the user with the ability to:
- capture information external to the general ledger for disclosure
- import data from almost any general ledger
- perform a consolidation of individual entities or prepare consolidated financial statements from your own consolidation system
- post adjust, reclassify and eliminate journals, and integrate these back to your general ledger
- prepare supporting workpapers to the financial statements such as leadsheets, KPIs and variance analysis
- select and modify, where appropriate, the required disclosure for your financial statements.
The tool has comprehensive functionality including a consolidation module, automatic cashflow worksheets and links through to Comperio IFRS as well as integrating directly with almost all general ledger systems including SAP, Peoplesoft, Great Plains, MYOB and Quickbooks.
ValueFinancials contains a complete library of best practice IFRS disclosures for a range of industries which are updated regularly for changes to regulatory requirements and can be modified to meet the needs of specific countries.
