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Disclosure Management SmartNotes: End-to-end process to the ESEF and ESG annual report
Our Disclosure Management SmartNotes increases the efficiency in the creation of annual reports and iXBRL reports and helps you to implement the ESEF requirements. Work with SmartNotes from the first data import, through the input of corrections, to the publication of the annual report in a print-ready layout without media discontinuity. Our Disclosure Management System relieves you of the manual work steps so that you can concentrate on essential content.
Referents: Björn Bielesch and Nina Schüller
Go live in 4 days - IFRS 16 with the GlobalLeaseCenter
With the GlobalLeaseCenter you can implement a tested and regularly maintained IFRS 16 leasing tool in record time. The GlobalLeaseCenter is a comfortable standard solution of AMANA to effectively and efficiently account for leasing matters according to IFRS 16. Within a clear and well-structured process the GlobalLeaseCenter supports the user in data collection. Validations of the input data increase the data quality. Based on the entered contract data, the GlobalLeaseCenter intelligently recognises which IFRS 16 facts are present (new contract, modification; reassessment) and automatically carries out their evaluation. The generation of bookings, dicslosures and reports at company level or group level is one of the standard functionalities of our IFRS 16 system. More than just a software solution: our experienced consulting team will accompany and support you both in the project and, if required, in live operation.
Referents: Eva-Maria Kuhlmann and Baris Cabuk
IFRS 16 - Group-wide financial statements without Excel chaos
More than just a software solution: our experienced consulting team will accompany and support you both in the project and, if required, in live operation. Besides the AMANA team in Germany, we have subsidiaries or partners in many countries in Europe. In addition, we will show you how to deal with topics such as master data (e.g. marginal borrowing rate), notes to the financial statements, contract reclassifications and mergers, and currency conversion. Benefit from the Best Practice Project Setup, which has been successfully tested several times. Leave the time-consuming Excel behind you...
Referents: Eva-Maria Kuhlmann
Record speed migration - GlobalLeaseCenter the leasing tool from AMANA
With the GlobalLeaseCenter not only implementation succeeds in record speed if you have to apply IFRS 16 anew. In addition to rapid implementation, migration to the GlobalLeaseCenter is also possible at record speed thanks to a proven and widely used methodology. So even if you are a current IFRS 16 preparer, you can implement a proven and regularly maintained IFRS 16 leasing tool quickly and without major implementation effort.
The GlobalLeaseCenter is a comfortable standard solution of AMANA to effectively and efficiently account for leasing matters according to IFRS 16. Within a clear and well-structured process the GlobalLeaseCenter supports the user in data collection. Validations of the input data increase the data quality. Based on the entered contract data, the GlobalLeaseCenter intelligently recognises which IFRS 16 facts are present (new contract, modification; reassessment) and automatically carries out their evaluation. The generation of bookings, dicslosures and reports at company level or group level is one of the standard functionalities of our IFRS 16 system.
More than just a software solution: our experienced consulting team will accompany and support you both in the project and, if required, in live operation. Besides the AMANA team in Germany, we have subsidiaries or partners in many countries in Europe.
In our webinar we will show you how quickly the GlobalLeaseCenter (On Premise and Cloud) is ready for you and give you a brief insight into our basic functionalities.
In addition, we will show you how to deal with topics such as master data (e.g. marginal borrowing rate), notes to the financial statements, contract reclassifications and mergers, and currency conversion. Benefit from the Best Practice Project Setup, which has been successfully tested several times.
Referents: Eva-Maria Kuhlmann
Global minimum taxation (Pillar 2) in the GTC Suite
With the adoption of the EU Global Minimum Tax Directive (2022/2523), Pillar 2 will become a reality from next year (at least) in the European Union. In our webinar, we will provide an overview of the development status of the Pillar 2 module, and in particular also address the embedding of the safe harbor rules and explain the consideration of the OECD's "GloBE Information Return". Further topics will be the possibility to create side calculations and the interfaces of the module.
The workshop is suitable for all those who are entrusted with the implementation of Pillar 2 and are interested in the procedural and software support and implementation.
Referent: Falk Thörmer
XHTML Table Tags – How to fulfill the auditors requirement of having table tags in PDF-based documents
In some countries auditors require that tables in ESEF reports have to be marked up as XHTML table tags, meaning that that each row and column of a table that is part of a text block tagging in the attachment is explicitly tagged with an XHTML element.
For PDF based reports this is a challenge because of their print-centric layout. It would in fact require companies to base their report for example on Word and thereby lose critical layout capabilities.
AMANA did however, find a solution to this challenge which enables you to keep working with PDF files as a source for your ESEF report while at the same time fulfilling the auditors requirements about XHTML table tags.
In our webinar, we will talk in more detail about this requirement and show you how you can use the XBRL Tagger to create a report that both looks the way you want and still satisfies your auditor.
Referents: Janis Steinmann
ESG Reporting with AMANA: Automated Data Flow and integrated XBRL Tagging
The current European Sustainability Reporting Standard (ESRS) exposure draft, as published by EFRAG defines 178 sector-agnostic disclosure requirements, sector specific disclosure requirements are not yet defined. Those disclosure requirements describe hundreds of single data points and narrative disclosures that must be reported in a human-readable report, as well as in a digital and machine-readable format.
It includes data points on water and energy consumption, Greenhouse Gas emissions, pollution, biodiversity as well as many social aspects like disclosures on workforce. Policies, targets, and specific action plans will have to be reported in order to see how companies are going to face the challenges of a changing world and climate change.
In our webinar, we are going to summarize the challenges regarding the actual reporting and publication process, which includes:
• How to calculate, collect and consolidate the required data points by using solutions from AMANA partners.
• Using disclosure management software to be able to work collaboratively on the sustainability statements.
• Automate the data flow from various sources into management reports in order to eliminate manual and error-prone process as well as to optimize the last-mile reporting process.
• Options how to handle formatting and the production of glossy and ready-to-print reports in Word or InDesign as well as online reports.
• Digital tagging of sustainability and financial statements with the ESRS or ISSB XBRL taxonomy.
• Auditing and publication of the final report.
Referents: Richard Bössen and Philipp Stampfuß
How to audit the upcoming ESEF text block taggings
The ESEF regulation mandates listed companies to publish their annual financial reports in iXBRL digital format. In many EU countries, the ESEF reports also have to be audited or reviewed. The main challenge of auditing iXBRL reports is the technical validation, checking of tags selected by the report creator and the comparison of the traditional format (PDF) with the new iXBRL format. Auditing iXBRL reports requires new knowledge for auditors and can only be done with a proper certified XBRL software.
Starting from 2022, the full notes to the financial statements have to be tagged with text block taggings, additionally to the main financial statements, which is a new challenge for preparers and audit firms. Various technical and business details have to be considered as part of the assurance.
In the webinar we explain the new rule, and show how the XBRL Auditor can used to face the challenge, and which new features have been implemented in the version 1.2 to facilitate the textblock tagging assurance.
The AMANA XBRL Auditor was developed on the basis of our many years of experience from hundreds of XBRL projects with a clear focus on the review and audit of iXBRL reports according to the ESEF regulation. Moreover, our software is already successfully used by numerous audit firms including Big Four firms .In our webinar, we will show you the features and benefits of the XBRL Auditor when auditing ESEF reports, as well as our experiences from the first year of ESEF.
Referents: Richard Bössen and Nina Schüller
How to create an ESEF reporting in no time - Plug & Play with the AMANA XBRL Tagger
In our webinar, we will present our solution outlining the simple handling of report production and the automated tagging support feature based on artificial intelligence (AI) developed by AMANA, which significantly simplifies the creation of ESEF reports.
Referents: Nina Schüller and Janis Steinmann
How to solve ESG reporting and publication challenges with AMANA & Envoria
The latest European Sustainability Reporting Standard (ESRS) exposure drafts defining sector-agnostic disclosure requirements were published in November. The new drafts significantly reduce the number of disclosure requirements and data points. However, this reduction should not obscure the burden that continues to be placed on companies. 84 disclosure requirements and 1,144 quantitative and qualitative data points still must be reported.
To ensure reporting in accordance with the ESRS in due time, companies required to disclose ESRS information need to invest time now and set up or optimize their data collection and reporting process.
Together with our partner Envoria, SaaS specialist in sustainability reporting, we summarize the challenges regarding the reporting and publication process, which includes:
● How to understand the regulatory objectives
● How to calculate, collect, and consolidate required data points
● How to work collaboratively on sustainability statements using supportive tools
● How to automate the data flow from various sources into management reports
● How to digitally tag stainability and financial statements with the ESRS or ISSB XBRL taxonomy
● How to handle formatting and the production of glossy and ready-to-print reports
● How to implement the audit and publication of the final report
Referents: Philipp Stampfuß (Managing Director, AMANA) und Sven Schubert (Co-Founder & CEO, Envoria)
ESEF text block tagging - Lessons Learned
According to the new ESEF Regulation, the tagging scope for the preparation of ESEF annual reports ending after 01.01.2022 has been significantly increased. The full notes to the financial statements have to be tagged with text block taggings, additionally to the main financial statements, which is a new challenge for preparers and audit firms.
In our webinar, the experiences from the first year of ESEF implementation will be presented, especially regarding text block tagging. In addition to the technical requirements, we will also discuss practical examples of our intelligent software solution SmartNotes.
Referents: Paul Beckmann and Catalina Ibanez