Latest blogs
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Clean Surplus Accounting: Understanding the Link Between Profit and Equity
Clean surplus accounting describes a property of financial statements in which all changes in equity — other than transactions with owners — pass through the income statement. Under clean surplus, reported profit is the complete and sole explanation of how equity grew or shrank during the period, aside from capital contributions and distributions to owners.…
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IFRS and GAAP Compliance with Modern Software
IFRS and US GAAP compliance in a single-entity context is primarily a question of accounting judgment and correct transaction recording — largely handled within the entity’s accounting software. Compliance in a group context is a different challenge. Most of the IFRS standards that create the most compliance pressure for multi-entity groups — IFRS 10 (Consolidation),…
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Entities in Reports: Bringing Entity-Level Visibility into Group Reporting
As group structures grow, consolidated numbers alone are often not enough. Finance teams need to understand where the numbers come from, not just what the final total is. BrizoConsol’s Entities in Reports feature gives users instant visibility into entity-level contributions without leaving the report — by expanding any consolidated report to show each entity as…
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Purchase Price Allocation (PPA): Breaking Down the Cost of an Acquisition
Purchase price allocation (PPA) is the process, required under IFRS 3 and ASC 805, of distributing the total consideration paid in a business combination across the identifiable assets acquired and liabilities assumed at their fair values at the acquisition date. Any remaining excess — the amount paid above the fair value of identifiable net assets…
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Top Integration Options for Cloud Accounting
Cloud accounting platforms — Xero, QuickBooks Online, MYOB, Zoho Books — are designed primarily for single-entity bookkeeping: recording transactions, managing payables and receivables, processing payroll, and filing tax returns. As soon as a group’s reporting needs extend beyond any single entity, additional tools are required. The question of how those tools connect to the accounting…