For banks, convergence with IFRS is expected to have a significant impact on their financial position and financial performance, directly affecting key parameters such as capital adequacy ratios and the outcomes of valuation metrics that analysts use to measure and evaluate performance. International Accounting Standard 39 (IAS 39) on Financial Instruments: Recognition and Measurement along with its related guidance, is one of the most complex and comprehensive accounting pronouncements under IFRS. Substantially all the assets and liabilities of banking companies comprise financial instruments that would be governed by the provisions of IAS 39.
aurionPro partners with specialist companies to market and implement International Financial Reporting Standards (IFRS) product. The International Financial Reporting Standards module provides bank with the comfort of complying with the deadlines specified by the regulators.
With FRS Global’s IFRS Solution from aurionPro you have: