We appreciate the subtle differences
Longview recognizes that there are differences in the IASB and FASB reporting requirements and has specifically architected the IFRS version of Longview Tax to address the unique aspects of IAS 12 and 34.
With distinctions in how data is collected, tax calculations are performed and specific terminology and disclosure considerations, Longview has purposefully developed the premier solution for IFRS reporting.
Rather than grappling with a North America centric, ASC designed application, leverage a solution that we built to meet your specific needs.
How is our solution different?
A true balance sheet approach
Start with a balance sheet view to prove out deferreds. Longview provides several options for companies managing their temporary differences using a true balance sheet approach.
Handling IFRS specific needs
Backwards tracing allows for rate change calculations to be appropriately disclosed as income statement or balance sheet movements. Changes and movements relating to unrecognized deferred tax assets are disclosed appropriately, showing only recognized pieces (as appropriate).
Familiar from the beginning
Terminology used in the application and report presentations are all designed based upon the needs of IFRS reporting organizations. When using Longview you’ll feel right at home.
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