Comprehensive IFRS Compliance Suite
Our compliance framework covers all major IFRS standards with automated validation, measurement, and reporting capabilities specifically designed for petroleum operations.
Revenue Recognition (IFRS 15)
Automated revenue recognition validation ensuring compliance with IFRS 15 standards for petroleum sales and service contracts.
Key Capabilities:
Automated Features:
- Five-step revenue model automation
- Contract asset and liability tracking
- Customer advance payment handling
- Multi-element arrangement support
Lease Accounting (IFRS 16)
Complete lease accounting compliance with automated lease classification, measurement, and financial statement presentation.
Key Capabilities:
Automated Features:
- Operating vs finance lease classification
- Lease term determination
- Discount rate calculation
- Variable payment processing
Financial Instruments (IFRS 9)
Comprehensive management of financial instruments with automated classification, measurement, and impairment calculations.
Key Capabilities:
Automated Features:
- Business model assessment
- SPPI test automation
- ECL staging and calculation
- Hedge effectiveness testing
Inventory Valuation (IAS 2)
Accurate inventory valuation and cost tracking in accordance with IAS 2 standards for petroleum products.
Key Capabilities:
Automated Features:
- FIFO/Weighted average costing
- Lower of cost or NRV application
- Inventory aging analysis
- Cost component tracking
Compliance Reporting Engine
Automated generation of IFRS-compliant financial reports and disclosures with built-in validation checks.
Key Capabilities:
Automated Features:
- Financial statement automation
- Note disclosure templates
- Compliance dashboard
- Exception management workflow
Compliance Dashboard
Real-time compliance monitoring with proactive alerts and comprehensive audit reporting capabilities.
Key Capabilities:
Automated Features:
- Executive compliance dashboard
- Risk heat maps
- Compliance trend analysis
- Regulatory change management
Complete IFRS Standards Coverage
Our framework provides comprehensive coverage of all relevant IFRS standards with specialized implementation for petroleum industry requirements.
Revenue Standards
Revenue from Contracts with Customers
Complete automation
Revenue (Legacy support)
Transition assistance
Asset Standards
Leases
Full compliance engine
Inventories
Automated valuation
Property, Plant and Equipment
Depreciation automation
Financial Instruments
Financial Instruments
Complete framework
Financial Instruments Disclosures
Automated disclosures
Presentation Standards
Presentation of Financial Statements
Format automation
Statement of Cash Flows
Automated generation
Compliance Performance Metrics
Our IFRS compliance framework delivers measurable results in accuracy, efficiency, and audit readiness.
Automated Validation Checks
Advanced Audit & Reporting Capabilities
Streamline audit processes and ensure regulatory compliance with comprehensive documentation and automated reporting features.
Comprehensive Audit Trails
Complete transaction tracking with immutable audit logs
Automated Documentation
Self-documenting processes with compliance evidence
Exception Reporting
Proactive identification and resolution of compliance issues
Regulatory Updates
Automatic updates for changing IFRS requirements
Automated Compliance Workflow
Our system automates the entire compliance process, from transaction capture to audit preparation, ensuring accuracy and efficiency at every step.
Transaction Capture
Automatic capture and classification of all business transactions
System identifies transaction types and applies appropriate IFRS treatment rules
Standards Application
Automated application of relevant IFRS standards and validation rules
Built-in compliance engine ensures correct accounting treatment for each transaction
Validation & Verification
Comprehensive validation checks against IFRS requirements
Multi-layer validation ensures accuracy and completeness of financial reporting
Financial Statement Generation
Automated preparation of IFRS-compliant financial statements
Generated statements include all required disclosures and comparative information
Compliance Monitoring
Ongoing monitoring and alerting for compliance deviations
Proactive identification of potential issues with corrective action workflows
Audit Preparation
Comprehensive audit support with documentation and evidence
Complete audit trail and supporting documentation readily available for review
Measurable Compliance Benefits
Our IFRS compliance framework delivers significant improvements in financial reporting accuracy, audit efficiency, and regulatory confidence for Ghana petroleum companies.
Improved Accuracy
Eliminate manual errors with automated compliance validation and calculation engines
Faster Close Cycles
Accelerate financial close with automated reporting and validation processes
Audit Confidence
Comprehensive audit trails and documentation provide complete transparency
Regulatory Confidence
Stay current with evolving IFRS standards through automated updates
Implementation ROI
Technical Specifications & Integration
Built on enterprise-grade technology with seamless integration capabilities for existing financial systems.