Latest blogs
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What is Impairment Reversal?
Impairment reversal is the accounting recognition of an asset’s recovery in value following a prior impairment loss — permitted under IFRS when the conditions that caused the original impairment have improved, subject to a ceiling that prevents overstating the asset’s carrying value. Understanding impairment reversal requires understanding the impairment framework it operates within, the ceiling…
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Intercompany Reconciliations: How to Streamline the Most Time-Consuming Step in Consolidation
Ask any group finance team what slows down the consolidation close most, and the answer is almost always the same: intercompany reconciliations. Not the elimination entries — those are mechanical once the balances are agreed. The problem is getting to agreement. Each entity records its intercompany transactions independently. By month-end, the numbers often don’t match.…
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What is Quasi-Equity?
Quasi-equity is a broad term for financial instruments that sit between debt and equity in a company’s capital structure. Like debt, they often involve repayment obligations or priority rights over pure equity holders. Like equity, they may give investors participation in the company’s upside, and they absorb losses before senior creditors. The precise features vary…
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Intercompany Loans and Interest: How to Eliminate Them in Consolidation
Intercompany loans are a common financing tool within corporate groups. A parent may lend funds to a subsidiary, or two subsidiaries may arrange a loan between themselves. On the surface, these transactions provide flexibility in managing liquidity across the group. But when it comes to preparing consolidated financial statements, these loans — along with the…
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BrizoConnector is now officially available on the Intuit App Store!
BrizoConnector is designed to seamlessly connect your QuickBooks Online data with BrizoSystem, making financial consolidation and reporting across multiple entities faster, easier, and more accurate. By integrating QuickBooks Online with BrizoSystem through BrizoConnector, businesses can: This availability makes it even easier for QuickBooks Online users in different regions to get started with BrizoSystem. 👉 You…