aiestes case studies

Introduction FinRep (IFRS und HGB) (EN)

Challenge

With the publication of the "Implementing Technical Standards on Supervisory Reporting" (ITS) in 2013 and its extension in 2015, all credit institutions must now report their financial information to the European Banking Authority. Four reporting approaches are used to gradate the reporting complexity in relation to the importance of the company. Furthermore, a differentiation is made according to accounting standards (IFRS or national GAAP/ HGB), among others. The complexity of finrep reporting poses challenges for data provision and the availability of information down to individual contract level. The scope of the project includes the technical conception, the adjustments in SAP BA, of processes and (credit) application systems, the training of employees, the adjustment of the ICS and the execution of technical tests, as well as support for the first FinRep reporting.

Procedure

  • Determination of the scope of reporting
  • (Technical) Concepts
  • Gap analyses
  • Adaptation/expansion of the data budget
  • Creation/ adjustment/ mapping of charts of accounts
  • Test of the implementation

Result

  • Audit-proof implementation
  • Practical conception and evaluation of analyses
  • Linking of business departments, IT and processes as well as interface topics
  • Consistent data reporting in the context of cross-validation of related supervisory reports

Skills aietes

  • Several years of experience in the FinRep environment
  • Sub-project management
  • Implementation planning and technical conception
  • Preparation of the data requirements
  • Linking business and IT departments
  • Test Management

Your contact

Markus Wittenberg
Markus WittenbergSenior Manager

This email address is being protected from spambots. You need JavaScript enabled to view it.

+41 78 670 68 19

Reference projects

  • Conceptual design and implementation of various finrep taxonomies (German credit institution)
  • Several years of professional management (German credit institution)
  • Implementation First-time adoption Finrep (IFRS and HGB) (German credit institution)