SUPERIOR IAS 39 CAPABILITIES OF ALMIS
- Both Marco and Micro approaches
- Fair Value & Cash-Flow
- Auto ‘best fit’ Hedge designation
- Fair Value calculations and Effectiveness testing
- Accounting journals
- Retrospective vs Prospective reconciliation
ALMIS’ Hedge Accounting Module is an integral part of the society, giving us flexibility to carry out functions such as best fit, maximising our Hedge Accounting potential.
Using one common source of data, ALMIS is able to bring everything together into one neat package.
We’ve found it a lot easier to carry out Hedge Accounting using a macro system rather than a micro system, as it is a more straightforward and speedy process. There is a great variety of reports available within ALMIS to analyse the portfolio, allowing us to get information quickly, which is fully auditable, improving our Hedge Accounting process.
We chose ALMIS because it was the most user friendly system and gave the best results. The ALMIS planner allows us to easily input changes to our scenarios and see the results quickly.