This page includes an illustrative script showing how to apply the COA design logic outlined in the account numbering section of COA implementation guidance page (link).
This logic makes the COA infinitely adjustable so it can be used by any entity of any size or complexity.
The page also includes scripts for mapping standardized COA to IFRS and/or GAAP compatible financial statements.
Capturing a particular company's particular financial structure will require some customization.
The downloadable COAs available in this section provide a perfectly adequate, ready‑to‑use foundation for financial statement mapping. While perfectly workable, some companies prefer the tailored feel of a bespoke solution. While the customization may be handled in‑house the effort and cost may be avoided by having a fully configured COA / financial statement map made to measure. Prices for tailored COAs mapped to custom financial statements start at €500.
For those who would rather outsource the entire process, prices for complete financial reports including statements of comprehensive income, cash flows and changes in equity, footnotes and fully validated XBRL integration start at €10,000.
Please be aware that IFRS and US GAAP, while similar, do not provide fully compatible guidance. Consequently, adjustments must be made for a single COA is to be used to support both IFRS and US GAAP statements.
The most important differences are presented on our illustration page (link).