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Parallel Accounting

Standardized and innovative solution scenarios

Accounting requirements are becoming more complex for both global and local organizations.  In addition to local accounting standards, additional financial statements are often required for a number of reasons including:

  • Tax regulations (tax balance sheet)
  • International and national standards (IFRS and local GAAPs)
  • Supervisory regulations (e.g. Solvency II)
     

Recognition and valuation rules, which relate to different ledgers and all associated functional requirements, have not only increased in number, but also in complexity. These developments are also recognized in both group accounting and consolidation.

To obtain an optimum position in their own markets, companies try to find solutions which are as standardized and innovative as possible, which fulfil business requirements and ensure closing processes are efficient. Increasing data quality in order to portray several parallel accounting standards in one reporting system also plays a key role. ConVista can assist you on any issues related to business, technology, and methodology in this area. We have years of experience and expertise in the design and implementation of projects for mapping parallel accounting within the New General Ledger framework and taking ledgers or accounts approach in the SAP environment into account.

  • Standardized and future-oriented solution scenarios
  • Efficient closing processes
  • Increased data quality to portray several parallel accounting standards in one reporting system
  • Portraying parallel accounting standards in the New General Ledger Accounting and taking ledgers or accounts approach in the SAP environment into account 

Samuel Gonzalez

+49 221 888 26 490