IAS Statements and XBRL Consultancy
Starting from January 1, 2020, even those companies, listed in the stock exchange of a EU country, that create their financial statement in compliance with the international principles, will be compelled to present their statement in XBRL format.
Hence, in addition to the Italian taxonomy, controlled by the Chamber of Commerce, the IAS/ESEF taxonomy, established by international organizations and regulated by the European legislation, is now included.
It is a crucial step in the process of digitalization and it will serve as key reference for all non-listed companies adopting international principles.
Our most significant project experiences are concentrated in the financial domain. This field can reach different meanings and levels of complexity when referred to groups and companies of medium or large dimensions, national or international.
For instance, dealing with financial statements can refer to the civil ones for individual companies or to the consolidated statements for company groups, statements that can be created according to the Italian regulations or to IAS/IFRS, not to mention the distinction between civil/tax environment and administrative environment.
We have offered SAP consulting for more than fifteen years, developing significant projects both in Italy and abroad.
B&B Soft Products
We have engaged with all our experience in the financial domain to create “BIL-X The Extensible Balance Sheet”, a solution for the creation of financial statements that can be easily integrated into every accounting system. It is entirely based on the XBRL technology.
In 2012 and 2013 Regione Veneto contributed to fund the “BIL-X Cloud” project, whose purpose was to offer all BIL-X services but in the Cloud environment, bringing considerable advantages to the small and medium Italian companies.