AMANA Live - Webinars with our experts
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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: Nina Schüller and Philipp Stampfuß
Disclosure Management SmartNotes: End-to-end process to the 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
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
GlobalLeaseCenter - Presentation of the new release
This webinar is for our GLC customers. We will present the main innovations of the release, which will be rolled out starting at the end of August.
Referents: Eva-Maria Kuhlmann
SmartNotes - Layout-Roboter, InDesign-Converter and SN-Layout-Helper
With our two-part SmartNotes layout module - consisting of the InDesign Converter and the Layout Robot - we enable you to create a print-ready report directly from SmartNotes. You can take two different paths with our solutions. If you continue to work with your external layout agency or your internal layout team, e.g. your IR department, then you can use our InDesign Converter to avoid time-consuming and costly correction loops. With it, you can do up to 80% of the preliminary work in terms of layout and provide your agency with a directly processable document. Alternatively, you can use our layout robot in SmartNotes to create a print-ready report. It can be flexibly adapted to your table layout and controls it centrally, so you can achieve a consistent print-ready report layout in no time at all.
Referents: Nicole Tödtmann and Thomas Lohrengel
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. 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. Leave the time-consuming Excel behind you...
Referents: Eva-Maria Kuhlmann
For a coffee with AMANA: Received a new contract too late - what to do?
A new lease contract whose information has to be entered into the system and the whole thing preferably still in the month of the beginning of the lease...ideal world, optimally running process - no problem!
The reality is different and here, unfortunately, the information is usually available much later - a problem?
We discuss the topic over coffee. Easy to understand and solution oriented...welcome to "For a coffee with AMANA".
Referents: Eva-Maria Kuhlmann
IFRS 16 in the GLC - Series for Users and Interested People: Possible uses of BI in the leasing process
The topic of business intelligence is becoming more and more important in companies. More and more processes, information and data are being digitized and automated - often in many different systems. It is therefore all the more important for almost all areas of a company to be able to clearly display, analyze and evaluate data (from different systems). In our daily work we have found that this also applies to leasing. In a first webinar we would like to give a general overview of the possible applications in connection with leasing.
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
For a coffee with AMANA: Forgot modification - what to do?
Payment changes, lease extensions are just a few of the accounting-relevant events whose information must be entered into the system, and preferably in the month of the event...ideal world, optimally running process - no problem!
The reality is different and here, unfortunately, the information is usually available much later - a problem?
We discuss the topic over coffee. Easy to understand and solution oriented...welcome to "For a coffee with AMANA".
Referents: Eva-Maria Kuhlmann
IFRS 16 in the GLC - Series for Users and Interested People: ESEF and ESG - Does this affect the leasing process?
Environmental Social Governance (ESG) is one of the most important current topics in the financial sector. Leasing tools and the leasing contracts administered in them are not yet in focus here. In this webinar, we will discuss how we believe ESG requirements can affect the leasing process and the leasing tool.
The GlobalLeaseCenter is a convenient standard solution from AMANA to map leasing issues effectively and efficiently on the basis of the IFRS 16 accounting standard. The software product is accompanied by a professionally and technically experienced consulting team in which the knowledge about the product and the processes surrounding the product is available to you in a bundled form.
Referents: Eva-Maria Kuhlmann
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
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 in the GLC: The number of contracts does not matter - Why excel is not a permanent solution
In 2019, many companies decided to do the IFRS 16 accounting in Excel. Excle was the market leader in "leasing tools". In the meantime, we at AMANA have supported numerous companies in automating their leasing process and switching from Excel to a software solution - the AMANA GlobalLeaseCenter. The number of leasing contracts did not play a role here. Companies with fewer than 20 leasing contracts have also made the migration. The number of leases is therefore not an argument for the permanent use of Excel for lease accounting. In this webinar, we will explain the reasons why migration to a software makes sense in any case: for the employees who maintain and balance contracts, but also for the decision-makers.
The GlobalLeaseCenter is a convenient standard solution from AMANA to effectively and efficiently lease acounting according to IFRS 16. The software product is accompanied by a professional and technically experienced team of consultants, in which the knowledge about the product and the processes surrounding the product are bundled and made available to you.
Referents: Eva-Maria Kuhlmann
For a coffee with AMANA: Auditor's finding: Wrong contract parameters in the leasing tool - what to do?
"The results do not meet our expectations. Please check and correct." The auditor has identified differences in the course of the audit - despite an existing ICS and actually conclusive reasoning for matters that require management assessment. A problem?
We discuss the topic over coffee. Easy to understand and solution oriented...welcome to "For a coffee with AMANA".
Referents: Eva-Maria Kuhlmann
IFRS 16 in the GLC - Series for Users and Interested People: AMANAIntelligence - Review in the leasing process made easy
In our focus webinar on the topic of BI, we would like to show how BI can simplify the review in the leasing process and save time. As for every process in the company, an appropriate ICS must be implemented for the leasing process. This includes various coordination and review activities of data in the leasing tool. In this context, BI can be an exciting tool to carry out the review more efficiently and with increased quality.
The GlobalLeaseCenter is a convenient standard solution from AMANA to effectively and efficiently lease acounting according to IFRS 16. The software product is accompanied by a professional and technically experienced team of consultants, in which the knowledge about the product and the processes surrounding the product are bundled and made available to you.
Referents: Eva-Maria Kuhlmann
IFRS 16 in the GLC - Series for Users and Interested People: AMANAIntelligence - Forecasting for leasing made easy
In our webinar on the subject of BI, we would like to show how BI can simplify the forecast for leasing and save time.
The GlobalLeaseCenter is a convenient standard solution from AMANA to effectively and efficiently lease acounting according to IFRS 16. The software product is accompanied by a professional and technically experienced team of consultants, in which the knowledge about the product and the processes surrounding the product are bundled and made available to you.
Referents: Eva-Maria Kuhlmann
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