Technology

The financial reporting software evolved out of our need for a superior automated financial reporting tool. In 2004 when FRS were looking for a tool that could assist us to prepare client’s financial reports, we were unable to find one that did everything to the high standard required. We solved the problem by internally developing our own financial reporting software.

Since 2004 the financial reporting software has undergone extensive development and testing and it has been used successfully to prepare interim and annual financial reports for hundreds of clients.

The FRS process combined with our financial reporting software provides is a unique and cost effective method of quickly and efficiently preparing International Financial Reporting Standards (IFRS), Australian Accounting Standards Board (AASB), Australian Securities and Investments Commission (ASIC) and Australian Stock Exchange (ASX) compliant financial reports for our clients.

A combination of patented technology as well as a tried and tested methodology and a very rich content base ensures that our financial reports meet your needs and accepted by your auditors.

As well as the annual and interim financial reports we also provide, the following supporting documentation:

- Audit trails / lead schedules;
- Cash flow workings;
- Ratio analysis;
- Earnings per share workings for listed entities; and
- Compare documents *

* Produced for each subsequent draft of the financial report – assists in the review of changes made from the previous draft