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International Financial Reporting Standards/US GAAP Compliance
Comply with regulatory and operational requirements resulting from IAS 39/32 and FAS 133/157. Fermat IAS complements and integrates with your existing information systems, filling any gaps in your data and processes required for IAS compliance.
Fermat IAS delivers a reliable, automated and scalable approach to IAS reporting and account posting, while centralizing all required data. All on and off-balance sheet items, including embedded derivatives are recognized and classified. Fermat IAS does not rely on contractual cash flows and instead leverages industry standard as well as proprietary pricing libraries for instrument evaluation, providing a more accurate view of instrument true value. Fermat IAS delivers:
- Indicators such as fair value, effective interest rate, interest income, amortized cost, and collective and individual evaluation for impairment
- Leverages indicators for disclosure reporting under IAS 32 as well as other accounting purposes
- Impairment tests as defined of IAS/IFRS principles
- Individual or collective cash flow estimates
- Comprehensive support for hedge accounting
- Balance sheet and income statement adjustment values between any local Generally Accepted Accounting Principles (GAAP) and IAS GAAP
- Ability to generate IAS 39 compliant balance sheet and income statements
