Quarterly
Financial
Statements as
per AASB 9

Fintellix's Financial position and performance reporting suite helps banks to generate their quarterly financial statements as per AASB 9 standards for submission to APRA. This solution runs on Fintellix's BCBS 239 compliant regulatory reporting data platform which integrates with disparate source systems and is capable of reading both structured and unstructured data.

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APRA Reporting Forms Covered

ARS 322.0

Consolidated Statement of Financial Position

Automates generation of consolidated financial statements covering global operations of the ADI and all its controlled entities according to Australian accounting standards AASB 127 and AASB 3. Provides Edit-Checks to reconcile loan loss provisions disclosed under International Financial Reporting Standards with APRA reporting on a gross basis.

ARS 325.0

International Operations

Helps Australian-owned banks and foreign subsidiary banks to prepare and report on- and off-balance sheets, credit risk profiles, and impaired assets for each of their related overseas entities. Complies with reporting instructions for ARF 112.2A Standardised Credit Risk – Off-Balance Sheet Exposures, ARF 110.0 Capital Adequacy, and ARF 220.0 Impaired Facilities.

ARS 330.0

Statement of Financial Performance

Automates generation of Statement of Financial Performance for all ADIs on both a licensed ADI and consolidated ADI group basis. Complies with Australian accounting standards.

ARS 330.1

Interest Income and Interest Expense

Automates generation of Interest Income and Interest Expense for all ADIs on both a licensed ADI and consolidated ADI group basis. Complies with Australian accounting standards.

ARS 330.2

Other Operating Income

Automates generation of Other Operating Income for all ADIs on both a licensed ADI and consolidated ADI group basis. Complies with Australian accounting standards.

ARS 330.3ss

Other Operating Expense

Automates generation of Other Operating Expenses for all ADIs on both a licensed ADI and consolidated ADI group basis. Complies with Australian accounting standards. ExposureRename section headers for first paragraphs across all tabs as ‘APRA.

 

 

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Highlights of the Solution

Edit-Check Engine

Edit-Check Engine

Embedded Edit-Check engine to
create any number of user-defined
validation rules.

Hierarchy

Data Lineage

Ability to drill-down from reported
fields to underlying accounts for
tracing errors and mismatches.

Data Adjustments

Data Adjustments

Support for data adjustments to
reported fields.

Create Structures

Create Structures

Ability to create user-defined table
structures to pass data adjustments
directly to the Data Hub.

Data Quality

Data Quality

Embedded Data Profiler tool to define
and validate against configurable data
quality thresholds.

 Calendar

Calendar

In-built calendar to automate
generation of reports at pre-defined
frequencies.

Scaling Factor

Metric Scaling

Configurable scaling factor for
reporting financial positions and
performance as per regulatory/
business requirements

Flexibility

Multi-format Reports

Ability to generate reports in multiple
reporting formats – XLSX, CSV, XBRL,
PDF, XFDF etc.

Form Reporting

Version Control

Version controller for reporting forms
with the ability to archive and access
older versions.

Review Process Flow

Review Process Flow

Review Process Flow (RPF) engine to
easily create unlimited number of
user-defined workflows with any
number of approval levels.

Management Module

Profile Management

User Management module to create
and manage users, roles and access
controls.

Audit Trail

Audit Trail

System generated log files for
Audit Trail.

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