Developing the IT background of IFRS 9 transition

AREA:

FINANCIAL INSTITUTION SOLUTIONS

PROJECT LENGTH:

16 MONTHS

BRIEF

During the project, BCS introduced an IFRS calculating and accounting solution on bank level. Developed the input interfaces for back-end systems handling lending and treasury products. Introduced a solution for the production of IFRS accounting and reporting.

Introduction of EIR calculation,
commission amortization, development of unwinding calculation,
introduction of individual and group loss calculation,
introduction of fair value calculation and CVA / DVA calculation,
Provision of analytics under IFRS 9 to meet internal and external reporting needs,
make the necessary changes to the legacy systems and performing interfacing improvements.

TECHNOLOGY:

SAP BANK ANALYZER / AFI

PROCESS

1.

Adapting bank-specific business needs to SAP solutions

2.

Parameterization of prototype based system and interface development on product group basis

3.

Generating general ledger records and reporting

4.

Support for IFRS audit, fine-tuning the IFRS framework

5.

Supporting the initiation of IFRS accounting software

RESULT

BCS has been able to efficiently support business customer areas as a specialist in SAP banking solutions, utilizing the integrated business IFRS content in SAP.