The International Financial Reporting Standards (IFRS) aim to ensure the international comparability of the financial statements of capital market-oriented enterprises around the world. In particular, transaction valuation in accordance with IAS 39 and hedge accounting pose major challenges to banks. zeb/ifrs is a comprehensive solution for compliance with international accounting requirements which is integrated in the overall bank management system.
The zeb/ifrs software builds on the tried-and-tested, efficient zeb//control bank management software and it uses the existing infrastructure.
- The categorizer implements customer-specific categorization pursuant to IAS 39.
- The EGK calcualtion engine measures all individual transactions pursuant to IAS 39.
- The hedge engine includes both cash flow and fair value hedge accounting, as well as the fair value option with controlling at overall bank level and integration in the controlling and treasury management processes.
- The impairment solution is used to ascertain individual, general and portfolio value adjustments as well as the unwinding effect in accordance with IFRS.
- The freely configurable posting engine can be used to transfer accounting information, e.g. the hedge profit, to the bank's accounting system for posting.