The Clausion IFRS package enables company level reporting according to both IFRS and FAS standards. For FAS reporting, the Clausion IFRS package includes FAS accounts, FAS report templates, and the FAS reporting (FAS) role and UI block for using them. The elimination document series are included in the default tasks.

Add the FAS elimination document series to the task and template settings if they have been added customer-specifically. Otherwise the FAS reporting tasks can be used only for company level FAS reporting if eliminations differ.

The account structure for reporting income statement and balance sheet is applied according to the Finnish requirements (FAS). "IFRS only" accounts for assets and liabilities related to for example discontinued operations and investment properties are excluded from the balance sheet. The user is responsible for checking that the total of FAS entries is zero for these items.

All the tasks are related to company reporting, but also all elimination series are included for proper reporting when cost centers are used as input levels. Instead of IFRS adjustment series, the FAS adjustment series are included by default.