Tax Transparency System (IFRS)
Tax Transparency System (IFRS)
Today, standards influence all aspects of human life. Standardization creates a basis for interaction and mutual understanding, facilitating and accelerating communications, measurements, production, and trade. Many of these interactions occur at the international level, and the relevant standards are defined globally by the international community.
Economics is no exception. Various accounting and reporting standards, especially for “International Financial Reporting Standards (IFRS),” have been established to ensure financial transparency. Institutions like banks that interact with the global community need to use systems that not only support these standards but can also accommodate inevitable frequent changes. The lack of such coverage might even lead to changes in the bank’s general information and operational systems.
If banks are not equipped for these changes, migrating to new standards and keeping pace with their changes will incur significant costs, particularly in the IT sector.
In many cases, preparing and presenting standard reports is a necessity and an obligation. Additionally, due to the competitive environment where decision-making speed is one of the most critical success factors, organizations need to be able to produce new financial reports and charts when facing new issues to make timely decisions. This requires using a flexible and dynamic tool.
The “Pooya Intelligent Financial Transparency System” is designed and implemented to equip organizations for step-by-step movement towards IFRS standards and to prepare financial reports and charts in the shortest possible time.
By using this system, organizations can quickly obtain reports with any standard and for any purpose, without needing programming or development to cover subsequent changes. Users can migrate to new standards or obtain the necessary reports and charts promptly and cost-free by simply configuring the system.
Introduction to Subsystems:
1. Dynamic Financial Report Generator:
This subsystem is a highly flexible tool for defining financial reports based on user settings. Defining reports, determining rows and columns, and their information references and sources are among the capabilities of the Dynamic Financial Report Generator.
2. Management Dashboard:
This subsystem, in direct connection with the Dynamic Financial Report Generator, can provide managers with charts related to user-generated reports and the text of the reports in a customizable management dashboard. This useful tool allows organization managers to make the most of available information in the shortest possible time by viewing illustrated charts. The Pooya Management Dashboard is a flexible and user-configurable tool.