Latest blogs
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Unmasking Unrealized Profit: The Key to True Group Performance
When one entity in a group sells goods or services to another at a profit, and those goods or services haven’t yet been sold or consumed outside the group, the profit is unrealized from the consolidated perspective. The selling entity has booked a real profit in its own accounts. The group has not — because…
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Foreign Exchange Impact Explained: Turning FX Volatility into Transparent Reporting
The technical accounting for foreign exchange in consolidation — IAS 21, closing vs average rates, CTA in OCI — is well-established. The harder problem is communication: how do you present FX impact to a board, a management team, or an investor in a way that actually helps them understand what the business did, versus what…
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Understanding Provisioning in Accounting
A provision is a liability of uncertain timing or amount — recognised in the financial statements when a present obligation exists that will probably require a future outflow of resources and can be reliably estimated. Provisions sit at the intersection of the matching principle (recognise costs in the period they relate to) and prudence (don’t…
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Foreign Currency Translation in Consolidation: Techniques and Best Practices
Foreign currency translation is the process of converting a foreign subsidiary’s financial statements from its functional currency into the group’s presentation currency so that they can be combined in the consolidated financial statements. The basic mechanics — balance sheet items at closing rate, P&L items at average rate, translation differences in OCI — are well-established…
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Introducing BrizoConsol AI Assistants – Beta Launch!
We’re excited to announce the beta launch of BrizoConsol’s AI Assistants, designed to make financial management easier, faster, and more intuitive than ever. Our AI-powered helpers are ready to guide you, automate repetitive tasks, and provide insights — all from within BrizoSystem. Meet the BrizoConsol AI Team Each AI assistant is like a friendly robot…