#XBRL Report
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https://iriscarbon.com/mandates/
IRIS CARBON® (www.iriscarbon.com) is a Collaborative cloud-based SAAS platform for financial and non-financial reporting targeted at the Office of the CFO for XBRL/iXBRL Regulatory Reporting, Disclosure Management and ESG Reporting.
Being the world's leading provider of reporting solutions for over 30 regulators, IRIS CARBON® is trusted by 6000+ enterprises across 52 countries for their disclosure management and regulatory reporting for the past 18 years. The platform seamlessly supports 9 XBRL/iXBRL compliance mandates in various regions, including Europe, India, South Africa, the US, and the UK. Users can leverage the platform to create Quarterly & Annual Reports, Press Releases, ESG reports, and Internal Reports using formats like Word, Excel, and PowerPoint.
Remarkably, IRIS CARBON® Platform has earned #1 rating among Platform/Service Providers for delivering 100% Error-Free Filings and maintaining top-notch quality in US SEC iXBRL reporting, as evaluated by reputable third-party assessors.
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Compilation Report
Inadequate compilation report and accounting services can lead to mismanagement, planning deficiencies, cash flow problems, and regulatory penalties. Hence, it is crucial for Singaporean businesses to find a dependable provider of accounting services that ensures compliance with the country's standards and regulations for the compilation of financial statements in Singapore.
#accounting services#XBRL Singapore#Outsourced accounting firms#singapore accounting#Compilation report#compilation of financial statements singapore#singapore#fiance
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XBRL Singapore
Cost-effectiveness is one of the perks that organizations can relish once you will hire the stellar services of XBRL Singapore which offer a convenient and reliable full-time accountant or bookkeeper that fits your need as a fiddle.
#compilation of financial statements singapore#Unaudited financial statements#tax agent singapore#Compilation report#accounting service provider#Accounting services provider Singapore#Singapore accounting services#XBRL Singapore#accounting services#accounting service providers singapore@#accounting services company#tax consultant singapore
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Microvista - Best MCA XBRL Software for Finance
XBRL is the best way to communicate business information. Mostly XBRL is used to exchange and define financial information like financial statements.
Microvista provides ultimate XBRL Software solutions for analyzing, filing, and preparing annual report sheets in XBRL format. Our experienced team prepares convert2xbrl software for company secretaries and chartered accountants who spend a lot of time in e-filing.
Meet your XBRL requirements with Microvista. Our dedicated developers are with you every step.
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Q and A with the Deloitte & Touche Chair of Accounting at Ohio State University
Calcbench is used by academics around the world. Typically academics have used our platform for teaching or for research — but lately, we increasingly come across examples of academics who use Calcbench for both. Recently, we had the pleasure of talking with Anne Beatty, who uses the Calcbench platform in her advanced accounting course at Ohio State University and also incorporates Calcbench data into her research projects. Below are excerpts from our conversation.
Why do you use Calcbench?
Calcbench is super handy in class for one-off examples. Calcbench is also available to me to research what I teach in class, in a “big sample” way.
For the advanced accounting class that I teach, I rely heavily on information that’s embedded in the footnotes of the financial statements. I show live examples in the classroom. Currently my students do not pull data from Calcbench as part of their assignments, although I may ask students to do so in the fall. One of the things that I like about Calcbench is that it's a single license for the school and anyone at Ohio State, student or faculty, can use the platform with no additional cost.
Goodwill accounting is a topic that’s discussed in my classroom. I also wrote a paper on the topic using Calcbench data. The paper, Is the Goodwill Impairment-Only Model Broken? An Examination of Post-Acquisition Accounting for Goodwill versus Other Intangibles, (co-written with Scott Liao, vice dean, of undergraduate and specialized programs and professor of accounting at the University University of Toronto; and Joseph Weber, George Maverick Bunker professor of management and professor of accounting at MIT Sloan School of Management) was presented at the 2024 Emerging Financial Reporting Issues Research Symposium in April 2024.
How do you use Calcbench?
I use tools such as Compustat and Intelligize, but often I need more data that I can only get from the XBRL tags. I dig into the rules of accounting; the details and layers of data are important. For example, for the goodwill paper, I needed both finite-life and indefinite-life intangible assets. Other providers have accurate data, but they give you an aggregate. I want things broken out. I need to understand whether the intangible assets are amortizable or not. That’s where Calcbench comes in.
Calcbench offers an amazing amount of data; the most challenging part is collecting it. Companies sometimes use different XBRL tags and you need to understand the reporting units that the goodwill is allocated to. With Calcbench, you can use the dimensions data to get that information.
For many of my projects I can spend a lot of time searching for the needle in the haystack. For example, the elimination of intercompany inventory profits: with Calcbench you can usually find the tag and dimension for it.
Lastly, I like the ability to search specific disclosure sections and go back to the originally posted data. For class, I am talking about consolidated worksheets, which is a fundamental part of the advanced accounting curriculum. I am also working on a project that looks at Guarantor subs and non-Guarantor subs, the parings and eliminations. I can search the debt disclosure text to get the information I need and I can also pull data from the tables embedded in the notes.
What Calcbench features and functionality do you use?
I use the Bulk Data, XBRL Raw Data Query, and Interactive Disclosure tools. I typically download the data into an Excel file.
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Test Bank For Accounting Information Systems 4th Edition By Vernon Richardson
Test Bank For Accounting Information Systems 4th Edition By Vernon Richardson
Table of Contents
Chapter 1: Accounting Information Systems and Firm Value
Chapter 2: Data Analytics: Addressing Accounting Questions with Data
Chapter 3: Data Analytics: Data Visualizations
Chapter 4: Process Modeling and Documentation Tools
Chapter 5: Data Modeling and Control Concepts
Chapter 6: Relational Databases and Enterprise Systems
Chapter 7: Sales and Collections Business Process
Chapter 8: Purchases and Payments Business Process
Chapter 9: Conversion Business Process
Chapter 10: Integrated Project
Chapter 11: Accounting Information Systems and Internal Controls
Chapter 12: Cybersecurity and Computer Fraud
Chapter 13: Monitoring and Auditing AIS
Chapter 14: eXtensible Business Reporting Language (XBRL)
Chapter 15: Emerging Technologies: Blockchain and AI Automation
Chapter 16: The Balanced Scorecard and Business Value of Information Technology
Chapter 17: Justifying and Planning IT Initiatives Using Project Management Techniques
Read the full article
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Innovative Approaches to Sustainability Report Assurance in a Digital Age
Assuring Sustainability Report Assurance in the digital age calls for innovative approaches that leverage technology and data analytics to enhance transparency, accuracy, and credibility.
Here are some creative approaches:
Block chain Technology: Implementing block chain can provide an immutable and transparent ledger of sustainability data. Companies can record their ESG Assurance metrics on a block chain, ensuring data integrity and enabling stakeholders to verify information independently.
Big Data Analytics: Leveraging big data analytics allows for the processing of large volumes of sustainability data from various sources, such as IoT sensors, social media, and satellite imagery. Advanced analytics can identify trends, anomalies, and potential areas for improvement in sustainability performance.
Artificial Intelligence (AI): AI can analyze unstructured data, such as textual reports and multimedia content, to extract valuable insights on Sustainability Assurance practices and performance. Natural language processing (NLP) techniques can be employed to assess the quality and consistency of sustainability disclosures.
Machine Learning (ML): ML algorithms can predict future Sustainability Report Assurance trends based on historical data, enabling companies to address emerging risks and opportunities proactively. ML models can also optimize resource allocation and decision-making processes to maximize sustainability outcomes.
Remote Sensing Technologies: Satellite imagery and remote sensing technologies can be utilized to monitor environmental impacts, such as deforestation, pollution, and habitat destruction, across global supply chains. This real-time monitoring enhances transparency and accountability in ESG Assurance Provider In Dubai.
Digital Twins: Creating digital twins of physical assets and processes allows companies to simulate and optimize sustainability performance in virtual environments. Digital twins enable scenario analysis and predictive modelling to assess the potential impact of different strategies on sustainability outcomes.
Crowdsourcing and Citizen Science: Engaging stakeholders through crowdsourcing platforms and citizen science initiatives empowers communities to contribute data and insights on local sustainability issues. Companies can incorporate crowdsourced data into their sustainability reports to enhance credibility and relevance.
Open Data Platforms: Establishing open data platforms for sharing sustainability-related information facilitates stakeholder collaboration and knowledge exchange. By promoting data transparency and accessibility, open data platforms drive collective action towards sustainable development goals.
Supply Chain Transparency Tools: Implementing supply chain transparency tools, such as blockchain-based traceability systems and supplier engagement platforms, enables companies to track raw materials and products' origin and sustainability credentials. Transparent supply chains enhance accountability and trust in Sustainability Assurance Provider In Dubai.
Digital Reporting Standards: Developing digital reporting standards, such as XBRL (eXtensible Business Reporting Language) for sustainability data, streamlines the collection, analysis, and comparison of sustainability information across organizations. Standardized digital reporting formats improve data interoperability and facilitate automated assurance processes.
RA Global offer independent verification of sustainability disclosures and reporting, as part of our ESG Assurance or sustainability assurance services. The terms "ESG Assurance" and "Sustainability Assurance" are often used interchangeably, however mean the same which is verification of disclosures included in the ESG or sustainability report.
By embracing these innovative approaches, organizations can strengthen the credibility and effectiveness of sustainability reporting in the digital age, driving positive environmental and social impacts while meeting stakeholders' expectations.
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Navigating the Future: Emerging Trends in Financial Reporting
Financial reporting is undergoing a significant transformation, driven by evolving business dynamics, regulatory requirements, and technological advancements. As organizations strive to enhance transparency, accountability, and stakeholder trust, it's essential to stay informed about the latest trends shaping the landscape of financial reporting.
Sustainability Reporting:
With growing stakeholder interest in environmental, social, and governance (ESG) issues, sustainability reporting has become a crucial aspect of financial disclosure.
Organizations are integrating ESG factors into their reporting frameworks to provide investors and other stakeholders with comprehensive insights into their environmental and social impact.
Integrated Reporting:
Integrated reporting goes beyond traditional financial reporting by providing a holistic view of an organization's performance, including financial, environmental, social, and governance aspects.
By connecting financial and non-financial information, integrated reporting helps stakeholders understand the value creation process and assess the long-term sustainability of a business.
Digital Reporting:
Rapid advancements in technology have revolutionized financial reporting, enabling organizations to adopt digital reporting formats such as XBRL (eXtensible Business Reporting Language) and Inline XBRL.
Digital reporting enhances transparency, accessibility, and usability of financial information, allowing stakeholders to analyze data more effectively and make informed decisions.
Narrative Reporting:
In addition to numerical data, narrative reporting emphasizes the importance of qualitative information and contextual insights in financial disclosures.
By incorporating storytelling techniques, organizations can communicate the strategic rationale behind financial performance, risks, and opportunities, enhancing stakeholder understanding and engagement.
AI and Automation:
Artificial intelligence (AI) and automation are revolutionizing financial reporting processes, from data collection and analysis to report generation and compliance.
AI-powered tools and algorithms enable organizations to streamline reporting tasks, reduce errors, and enhance efficiency, freeing up resources for more strategic activities.
By embracing these trends, organizations can enhance their reporting practices, strengthen stakeholder trust, and unlock new opportunities for growth and innovation.
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Maximizing Your Corporate Tax Benefits: Expert Corporate Tax Services in Singapore
In the bustling business landscape of Singapore, navigating corporate tax regulations is essential for ensuring compliance and optimizing financial outcomes. As businesses strive to maximize profitability and growth, enlisting the expertise of professional corporate tax services in Singapore becomes paramount. With a deep understanding of local tax laws and regulations, these services can help businesses minimize tax liabilities, capitalize on available incentives, and navigate the complexities of corporate taxation with confidence.
SBS Consulting provides incorporation services to Singapore-based companies. Additionally, we also offer secretarial, bookkeeping, accounting, taxation, GST, XBRL, and payroll services.
Understanding Corporate Tax Services in Singapore
Corporate tax services in Singapore encompass a wide range of activities aimed at assisting businesses in managing their tax obligations effectively. These services may include tax planning, compliance, advisory, and representation before tax authorities. By partnering with experienced tax professionals, businesses can ensure that they fulfill their tax obligations while maximizing tax efficiency and minimizing risks.
Navigating Singapore's Tax Landscape
Singapore's tax regime is renowned for its simplicity, competitiveness, and attractive tax incentives. However, staying abreast of tax laws and regulations is crucial for businesses to optimize their tax positions and avoid potential pitfalls. Professional corporate tax services in Singapore offer comprehensive knowledge of local tax laws, including corporate income tax, goods and services tax (GST), and withholding tax. By staying informed about legislative changes and tax updates, these services help businesses adapt their tax strategies accordingly.
Key Benefits of Corporate Tax Services in Singapore
Engaging corporate tax services in Singapore offers numerous benefits for businesses operating in the region. Firstly, these services provide tailored tax planning strategies to optimize tax efficiency and minimize liabilities. By analyzing business operations, structure, and transactions, tax professionals identify opportunities for tax savings and advise on the most tax-efficient approaches. Moreover, corporate tax services ensure compliance with Singapore's tax laws, reducing the risk of penalties and audits.
Maximizing Tax Incentives and Reliefs
Singapore offers a range of tax incentives and reliefs to encourage business growth, innovation, and investment. However, navigating these incentives can be complex, requiring a thorough understanding of eligibility criteria and application procedures. Corporate tax services in Singapore assist businesses in identifying and maximizing available tax incentives and reliefs, such as the Productivity and Innovation Credit (PIC) scheme, Pioneer Certificate Incentive, and Development and Expansion Incentive (DEI). By leveraging these incentives, businesses can enhance their competitiveness and fuel growth.
Comprehensive Tax Compliance and Reporting
Ensuring accurate tax compliance and reporting is essential for avoiding penalties and maintaining good standing with tax authorities. Corporate tax services in Singapore handle all aspects of tax compliance, including filing corporate income tax returns, preparing financial statements, and fulfilling reporting requirements. By entrusting these responsibilities to experienced professionals, businesses can streamline their tax processes and focus on their core operations with confidence.
Conclusion
In conclusion,corporate tax services singapore helping businesses navigate Singapore's tax landscape with ease and confidence. By partnering with experienced tax professionals, businesses can optimize their tax positions, minimize liabilities, and capitalize on available incentives and reliefs. Whether it's tax planning, compliance, or advisory services, investing in expert corporate tax services in Singapore is essential for maximizing tax benefits and ensuring long-term financial success. Don't leave your tax matters to chance—partner with trusted tax professionals and unlock the full potential of your business today.
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Prepare Your XBRL Report within just 3 days with the help of experts at Humsabka Advisor
Contact us to know the details
Call or WhatsApp:
7669256170/ 87008 46995
Know More: https://humsabkaadvisor.com/
#XBRL#XBRL Filing#XBRL Report#XBRL Experts#Singaporeans#Accounting#ITR Filing#GST Update#MSME Registration#Trademark Registration#FSSAI Registration#Humsabka Group#Humsabka Advisor
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Effortless Compliance: Master Financial Reporting with Top XBRL Filing Software
Explore the best XBRL filing software for streamlined financial reporting. Navigate regulatory complexities effortlessly and enhance accuracy in your financial disclosures. Stay compliant and in control.
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Singapore Accounting
Accounting in Singapore can help you navigate the country's often complex and confusing tax laws. They can advise you on how to organize your finances best to minimize your tax liability, and even represent you in audits or other tax-related proceedings. Whether you are an individual or a business, a tax consultant can save you time, money, and a lot of stress.
#compilation of financial statements singapore#Unaudited financial statements#tax agent singapore#Compilation report#accounting service provider#Accounting services provider Singapore#Singapore accounting services#XBRL Singapore#accounting services#accounting service providers singapore
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How to Find TLAC Disclosures
As we all prepare for Q3 earnings releases and quarterly reports to arrive within days, Calcbench wanted to fire off one more post about a performance metric important to the banking sector.
Total loss-absorbing capacity, or TLAC.
TLAC was born after the financial crisis of 2008, as a means to keep large banks solvent enough to avoid needing government bailouts. Simply put, banks must hold a certain amount of safe financial instruments on their balance sheets so that if financial conditions go south, those instruments can keep the bank stable enough to go through an orderly liquidation process (rather than the messy liquidations we saw in 2008).
The securities that can be held as TLAC include common equity, subordinated debt, and some senior debt, but what they are isn’t as important as how much the bank holds. Under rules set down by the Federal Reserve, globally systemically important banks (G-SIBs) must keep either 18 percent of their total risk-weighted assets or 7.5 percent of total leverage exposure as TLAC.
Anyway, that’s not the most important point in our post today. The most important point is that Calcbench does have this data, if you’re a financial analyst who follows banks and you’re looking for it.
Unfortunately TLAC disclosures are not tagged in XBRL, which means Calcbench users cannot automatically pull it from banks’ financial statements. But banks do include TLAC information in their Management Discussion & Analysis disclosures — so you can search through the disclosures of one or more banks using our Interactive Disclosure tool, typing “TLAC” into the text search field.
For example, we established a search group of all filers with an SIC code in the 6000s, which is the category that includes depository institutions. Then we searched “TLAC” in the text search box, and found 47 large banks that disclosed TLAC information to various extents.
For example, JPMorgan Chase (JPM) disclosed this nifty table listing TLAC volumes:
Another example comes from State Street Corp. (SST) and its most recent 10-K filing.
As you can see, TLAC can be reported as a percentage of assets, dollar amounts, or both. When banks have surplus TLAC, that means they are (in theory) more than well-capitalized for any sudden liquidity stress. Banks under their TLAC goals, on the other hand, can face penalties from the Fed such as a freeze on asset growth.
That’s all for today. Let’s see what the banks have to say when they start filing quarterly reports in another week or so!
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A Complete XBRL Software Solution for Preparation & Filing of Annual Reports in XBRL Mode!
Unlocking Seamless Collaboration: Revolutionize teamwork with Web-XBRL Software, empowering multiple users to work together effortlessly on XBRL reporting. 🚀👥
👉 To know more, visit >> https://lnkd.in/dhvpR4A
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#compliance #XBRL #FinancialExcellence #XBRLSoftware #EfficiencyBoost #WebXBRL #compliancesolution #Outsource #webtel
#webtel#entrepreneur#founder#finance#economy#commercial#accounting#branding#ecommerce#gst#software#technology
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