If a company prepares separate and consolidated reports, or a group of companies prepares several reports of a similar format at once, the Caseware Financials program will greatly facilitate the work of preparing reports of this format, since users can once configure a report template with an already configured iXBRL format and then distribute it to all other users or other companies.
Three modules are available for working with financial reporting: for ordinary enterprises, for banks and for insurance companies. If the Group of Companies includes companies with different types of activity, the modules can be used simultaneously. All modules have the same set of functions and capabilities, they differ only in content and tags of the corresponding taxonomy.
The Caseware Financials solution allows you to use up-to-date templates that ensure compliance with new standards and practices. Organizations have different business specifics and, accordingly, different disclosure needs. That’s why Caseware Financials financial reporting solution includes a number of best examples and templates that can be adapted to the needs of a specific industry or organization.
Users can make their own settings according to the specifics of the industry in which the company operates, easily change all elements of reports, notes and disclosures using extensive software configuration options. Users can also tag all their own additions in accordance with the UA XBRL IFRS Taxonomy and convert ready-made reporting into iXBRL format.
Financials Bank is a template created specifically for Ukrainian banks in accordance with International Financial Reporting (including the taxonomy of UA IFRS XBRL reporting) and Methodological recommendations of the National Bank of Ukraine. Allows you to automatically generate reports with appropriate notes and disclosures, import analytical accounts to fill in more detailed information.
The Financials for Banks template can be used out-of-the-box or customized according to the organization’s requirements and distributed to all end users. Formed financial statements and other information that the bank is required to submit to the regulator can be transformed into the iXBRL format and submitted to the financial information collection cente.
Financials Insurance is a modern solution for insurance companies of Ukraine. Automation of processes, simplified formation of financial reporting when performing functional tasks are the primary tasks of this template. The main purpose of the template is the formation of business information of insurance companies for the purpose of standardized submission in electronic form and in the iXBRL format.
The template contains the main reporting forms of Ukrainian companies, which have been transformed in accordance with the reporting requirements of insurance companies.
The template intended for insurance companies contains automated disclosures that are not typical for ordinary enterprises, taking into account all the peculiarities of insurance activity. The standard tags of the current insurance taxonomy are already inserted in the template, if necessary, the user can make changes to them.
