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Highlights:

      • Integrated accounting rules engine (ARE)
      • Covers the journalisation process for financials of the banking book and trading book as well as non-financials
      • Integrated accounting rules engine (ARE)
      • Multi-GAAP, multi-entity, multi-currency
      • Parallel accounting, adjustment accounting supported
      • Optional full-size general ledger or shadow ledger
      • Export of D/C entries or accounting events to any third party general ledger
      • Equipped for IFRS 9: template with IFRS 9 compliant accounting logic and chart of accounts. Using experience gained in over 10 years in financial accounting for IAS 39 and in current IFRS 9 projects with different auditors, FERNBACH has developed an accounting logic that covers all business events for the entire portfolio of an entity. The accounting logic and a standard chart of accounts, which can be customised by a simple mapping process during a project, are part of each delivery.
      • Templates for various GAAPs with pre-defined accounting rules and chart of accounts

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  • Components that identify accounting transactions and feed them into the Accounting Rules Engine. 
  • The blueprint focuses on an Accounting Rules Engine. It generates debit/credit entries in parallel GAAPs for the accounting transactions delivered.  Individual settings can be defined for both the chart of accounts and the accounting logic. Hence for many GAAPs, templates are available that provide standard rule sets, accepted and approved in numerous projects world-wide.

  • A General Ledger that provides online access to balance sheets and income statements for multiple GAAPs and definable posting dates.

  • Data Marts that are the basis for financial statements, notes and a 360-degree analysis

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  • Multiple GAAPs
  • Multiple currencies
  • Multiple companies (multi-tenant)


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Figure: Blueprint Financial Accounting

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