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Closing / Locking and Unlocking Periods
HI, We recently completed the implementation of Board's Consolidation module using the latest version GCR. We run into some issues when closing prior periods wherein it prevents the 'Run Conso" command from executing. The only way around that we found is to unlock all locked periods, run conso and then relock the prior…
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iXBRL with Seahorse
1. Abstract ESMA (European Securities and Markets Authority) is the EU’s financial markets regulator and supervisor. ESMA has developed the regulatory technical standards (RTS) which specify the European Single Electronic Format (ESEF) that is the reporting format in which issuers, whose securities are admitted to trading…
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How to load IC details in BFC
1. Abstract During the first steps of a consolidation process, there are two possible ways to enter the Intercompany details: during the loading of the trial balances or in a subsequent moment, using a specific screen (IC integration screen) . In order to enter the Intercompany details using the IC integration screen, the…
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Equity Method Accounting BFC/GCR
1. Abstract The equity method is a crucial accounting approach used to reflect investments in associated entities accurately. This abstract provides a comprehensive overview of the equity method, elucidating its fundamental principles, application, and implications for financial reporting while focusing on its…