Accounts Payable Invoices Data Extractor ๐ ๏ธ
This tool that extracts key invoice details from various file types and generates an Excel summarizing the key information about these invoices.
Maximizing Efficiency: Drafting Notes to Financial Statements using LLMs
This blog post shows how AI can help accountants quickly draft financial notes, so they can focus on more important review tasks.
IAS 23 Borrowing Costs – Capitalisation, Part 2
This blog post explains how to handle borrowing costs in practice, including common challenges and ways to deal with them.
IAS 23 Borrowing Costs – Capitalisation, Part 1
This blog post explains how to treat borrowing costs during construction, using a simple example.
IFRS 16 Lease Contract Reader ๐ ๏ธ
The tool automates the extraction of key lease information from contracts, making the IFRS 16 review process faster and easier.
IFRS 16 Schedules Calculator ๐ ๏ธ
This tool create lease schedules by entering key details, and subsequently generating amortization tables for simple lease scenarios.
Accounting for Assets Held for Sale
This blog post explains how to account for assets that a company plans to sell, using a clear example to show the key steps and considerations.
Impairment Test (Value in Use)
This blog post provides an illustrative Cash Generating Units (CGUs) impairment test Excel file.
Calculation of Carrying Amounts for Cash Generating Units
This blog explains how to calculate the value of Cash Generating Units by allocating assets and ensuring consistency for impairment testing.
Reversal of Impairment for Cash Generating Units
This blog post explains when and how to reverse impairment for cash-generating units, outlining the key conditions and steps involved.