Financial Reporting Process Automation

As more U.S. companies look to adopt the International Financial Reporting Standards (IFRS), CCG has been building an industry-leading role to fully integrate IFRS 2 reporting functionality into various record-keeping systems. IFRS 2 is the portion of the International Financial Reporting Standards that specifically addresses the expensing of equity compensation granted by companies. While a decision by the SEC that would mandate U.S.-based companies to adhere to IFRS is not expected until 2011, some companies already have statutory IFRS reporting obligations today, and a growing number are evaluating how they might proactively meet the standards.

FAS123 (R) and IFRS 2

CCG has partnered with large corporate clients to streamline their process of determining FAS123(R) and IFRS 2 expenses. CCG has developed automated processes to:

• Apply to the valuation of stock options and restricted stock
• Calculate monthly expense for internal and external (GAAP) reporting
• Post results to the general ledger.

Our systems include:

• The ability to Track participant location at grant, vest and exercise
• End-to-end tracking of multiple LOAs
• Original grant vesting schedules are retained, even if modified
• Processes to calculate actual and trended forfeiture rates
• Tools to apply these calculations when calculating estimated forfeiture rate and expense true-up.
• Support for the Black-Scholes and Binomial models for options expensing
• Full library of reports, including activity and transactional, notifications and statements, and corporate reports.
• Ad hoc reporting. Build reports from scratch or start with a system template and add, remove or sort data fields as you see fit
• Complete report scheduling capability, as well as notification and flexable delivery options
• Selectively share your custom reports with individuals, departments or larger groups