IFRS-Gaap

UniQ-IFRS solution is part of UniQ Financial suite. It’s built around Functions and Processes from the UniQ Accounting Engine, General Ledger and Reporting Engine. UniQ IFRS Collects Accounting and Management Data from UniQ Financial or from third party systems performs IFRS classifications, value calculation and bookings.

UniQ Reporting Engine provides functions and features to produce corporate and consolidated financial statements according to various Gaaps such as local, group and IFRS at the same time and from the same data base.

UniQ IFRS can be deployed with UniQ Financial Solution and with any Business or Accounting Application.

UniQ IFRS offers the following functions :

Standard Integration tools to import static, accounting and management data from various data sources,
A Multi Gaap Accounting Referential with various types of accounts, transaction types, accounting schema, etc. ,
A Rule Based Accounting Engine that is able to calculate Effective Interest Rate, Amortized Cost, Fair Value, Asset staging, ECL at the contract level according to IFRS9 needs.
It is also able to process Leased assets according to IFRS 16, Deferred Tax according to IAS12, IFRS 7 and any other IFRS needs.
An Accounting Interpreter able to generate Journal Entries in different Gaaps. This is including Amortized Cost to P&L, Faire Value to P&L and Fair Value to Other Comprehensive Incomes.
Classify and Maintain Customers and Contracts according to their common risk information as defined by the bank.
Balancing control mechanism to assure the equilibrium between Balance Sheet Accounts and Profit and Loss Account in the various Gaaps.
A Reporting Engine that is able to produce various Local IFRS reports.
All data can be exported to Excel, any third party systems, or accessed with any Business Intelligence tools.