ifrCoworker
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international financial reporting engine for Agents and REST api users journal entries, statement generation, audit trail with workings, financial reporting automation
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What you get from every calculation — not just a number.
Journal entries and measurements each carry the exact IFRS/IAS paragraph that authorizes them. A disclosure checklist flags what must be disclosed — not auto-drafted text, but the precise requirements you need to satisfy. Not just the answer — the authority behind it.
IAS 37 provision feeds into IAS 16 cost, which feeds into IAS 12 DTA. Each module delivers current-period numbers only — scoped to your reporting window. Feed one module's output as the next module's input.
Every required field is documented via/schema. No IFRS treatment is applied by assumption. Rebuttable presumptions must be declared explicitly — the engine refuses to guess.
Every balance sheet, P&L, OCI, and cash flow line in the response carries its XBRL element name and statement location. Feed it directly into your regulatory filing pipeline without a second mapping step.
21 MCP tools plug directly into Claude Code, Cursor, Windsurf, and VS Code. Describe what you need in plain language — the AI handles the IFRS analysis and returns cited, structured results.
Submit all 31 standards as a singleifr_period_end_batchcall. One accounting policy block applies entity-wide with per-class overrides. The response assembles a consolidated trial balance, full financial statements, and disclosure notes in one round trip.
Every response includes aworkingsblock — the formula applied, the inputs used, and the step-by-step arithmetic. Nothing is a black box. Hand the workings directly to auditors as calculation documentation.
The batch response assembles every journal entry from every standard into a single debit/credit trial balance. Balanced to zero. Account codes, IFRS paragraph refs, and XBRL tags included on every line.
Statement of financial position, statement of profit or loss, OCI, and cash flow statement — generated automatically from the batch results. Closing balances with IAS 1 line-item classification included.
Pass any standard's calculate output toifr_apply_ias10to apply events-after-reporting-period analysis. Adjusting events restate the figures; non-adjusting events surface as disclosure requirements — without re-running the original calculation.
Every batch call returns a structureddisclosureNotesblock — IFRS 18-aggregated notes keyed by standard, ready to feed into your reporting template. PassincludeDisclosureNotes: falseto suppress it.
Include anias7item in the batch and the response gains acashFlowStatementkey — IAS 7 indirect method, assembled from the period's journal entries. No separate call needed.
Every period-end batch generates a 12-sheet live-linked Excel workbook, available for a limited window after the call. Sheets:Item Workings · Journal Entries (JEs) · Movements Balance · Movements in SoFP · Financial Performance (SoPL) · Comprehensive Income (SoOCI) · Movements in Equity · Cashflow (IAS 7 indirect) · Disclosure Checklist · Received Requests.Period-movement views throughout — no opening balance sheet required.
The workbook is a single live formula chain. Amend any figure inItem Workingsand the corresponding JE leg updates instantly via a cross-sheet link (='Item Workings'!B{n}); that amount then propagates through=SUMIF(JEData[Account],A{r},…)into every SoPL account line, every SoFP balance, and every SoOCI item — all statement totals recalculate without reopening the file. The Financial Performance sheet uses IFRS 18 five-category by-nature presentation (Operating / Investing / Financing / Income Tax / Discontinued Operations) with mandatory intermediate subtotals per IFRS 18 paras. 60A–60G (effective 2027-01-01; early adoption). A live balance-check row surfaces any JE rounding residual automatically. Ready for sign-off, audit, or regulatory import.
Two further sheets —Valuation Model (DCF)andMultiples & EV Bridge— turn the same statement-set into an editable company valuation: a 5-year FCFF forecast and WACC × terminal-growth sensitivity table, pre-filled with 3% growth and a 12% discount rate (amber, unlocked cells — overtype directly in Excel), plus a net-debt bridge built from this workbook's own standard-tagged accounts (IFRS 16 lease liabilities, IAS 19 pension deficit, IAS 37 debt-like provisions, IFRS 3 contingent consideration). Analytical only — not an IFRS-required statement.
Field names, descriptions, and error messages are written for agent readability — not just human readers. Every/schemaresponse gives an AI agent enough context to map source data to the correct field without additional documentation lookups.
ifr_ingest_documentextracts structured data from plain text or scanned documents via OCR.ifr_propose_mappingmaps extracted fields to the correct standard's schema. Then calculate — from paper to journal entry in one flow.
What we commit to — and what we don't (based on a White Paper self-evaluation)
enter at the element —the engine activates every consequential standard
One call at the economic entry point; the response carriescascadeTrace— every potential chain listed as fired or skipped, with a reason. Completeness is an auditable artifact, not a promise.
There are twelve economic events you can start from — a revenue contract, a lease, an asset, an inventory, a financial instrument, a provision, a share-based payment, an employee obligation, a business combination, an equity-method investment, a disposal group, or a direct item. You name what happened; you never name the standard. On top of these sit the reporting and overlay entries — group consolidation, earnings per share, the cash-flow statement, segments, fair-value measurement, hyperinflation, first-time adoption and separate financials — so every supported standard is reachable from a documented entry. Everything else either attaches to one of these (a grant to its asset, borrowing costs to their qualifying asset) or is a consequence the engine derives: foreign exchange is pulled in 25 times across the graph, deferred tax 13, impairment 10 — always as consequences, never as entry points. Seventy declared cascades do that work, and each entry's/schemalists every chain it can fire. Check it before you trust it.
Why this is the value.Accounting events rarely live inside one standard. A machine purchase touches IAS 16, IAS 23, IAS 37, IAS 36 and IAS 12; a receivable touches IFRS 9, IAS 21 and IAS 12. The cascade guarantees the cross-standard work happens — andcascadeTrace+ignoredInputsprove it per response: which chains fired, which were considered and skipped (with the reason), and that every submitted field was used.
Your agent reads the documents — or guides the client through intake. ifrCoworker handles the standards. Your senior reviews the output.
Two paths — pick the one that fits your workflow:
Client maintains a free-text narrative in Google Docs — appending each new month. Agent reads it via Google Drive MCP and runs the full YTD batch. One command:"prepare the annual accounts."
Agent scans contracts, invoices, or lease agreements and extracts key terms — DocuSign, Drive, OCR API.
Agent callsifr_schema, learns what ifrCoworker needs, then asks the client the right questions — nothing reportable missed.
No raw documents stored — only extracted text reaches ifrCoworker
Runs the IFRS/IAS engine: measurement, discounting, amortisation, deferred tax cascade. Returns statements, journal entries, and workings — paragraph-referenced.
ifr_period_end_batch ifr_generate_workpaper ifr_propose_mapping
Every period-end batch produces a 12-sheet live-linked Excel workbook:Item Workings · Journal Entries (JEs) · Movements Balance · Movements in SoFP · Financial Performance (SoPL) · Comprehensive Income (SoOCI) · Movements in Equity · Cashflow (IAS 7 indirect) · Disclosure Checklist · Received Requests— plusValuation Model (DCF)andMultiples & EV Bridge, an editable valuation pack pre-filled with 3% growth and a 12% discount rate.
The sheets form a single live formula chain — alter any Item Workings figure and the linked JE leg recalculates via='Item Workings'!B{n}, which then propagates through=SUMIF(JEData[Account],A{r},…)into every statement line without a file refresh. The SoPL follows IFRS 18 five-category by-nature presentation (IFRS 18 paras. 60A–60G, effective 2027-01-01, early adoption permitted). Period-movement views throughout — no opening balance sheet required. The valuation sheets derive their net-debt bridge from this workbook's own standard-tagged accounts (IFRS 16 leases, IAS 19 pension, IAS 37 provisions, IFRS 3 consideration) — analytical only, not an IFRS-required statement.
calculationSheetsUrl → in every response
or push directly to Google Sheets via your agent
- Journal entries (Dr/Cr, XBRL-tagged)
- Full workings per standard
- Movements in Financial Position (period delta)
- Statement of P&L and OCI
- Paragraph references throughout
No historical data stored on our side. Send the full year-to-date packet each period — the engine re-derives every number from scratch.
You keep the source of truth. We keep the IFRS logic.
Client documents never leave your environment. Your agent passes only the extracted figures — no PDF uploads, no OCR calls to ifrCoworker.
GDPR-safe by architecture, not configuration
example prompt — copy & paste into your agent
claude.ai · MidCo Manufacturing Ltd — May 2026 monthly close
Process the May 2026 month-end close for MidCo Manufacturing Ltd
Reporting date: 31 May 2026 · Previous: 30 April 2026 · Currency: EUR · 15 economic events · 9 standards
Return: journal entries (Dr/Cr, paragraph-referenced) · workings per standard · Movements Balance · Movements in SoFP · Financial Performance (SoPL) · OCI (SoOCI) · Movements in Equity · Cashflow (SoCF) · disclosure notes · Excel workbook download link (incl. editable DCF valuation model)
01 IAS 16 Factory Building HQ Budapest · cost €2,400,000 · life 40 yr · straight-line · openingCA €2,200,000 · prev 2026-04-30
02 IAS 16 CNC Milling Machine · cost €185,000 · life 8 yr · reducing balance 25% · openingCA €63,770 · prev 2026-04-30
03 IAS 38 CRM Software v4 · cost €96,000 · life 5 yr · straight-line · openingCA €32,000 · prev 2026-04-30
04 IFRS 16 Budapest Warehouse Lease (renewal) · fixed €130,000/yr · term 36 months · IBR 5.8% · commenced 2026-01-01 · openingLiability €319,700 · prev 2026-04-30
05 IFRS 9 2-yr Trade Receivable · face €450,000 · EIR 5.2% · stage 1 · openingCA €441,450 · prev 2026-04-30
06 IFRS 9 Corporate Bond — FVOCI debt · face €500,000 · coupon 4.5% · EIR 4.8% · matures 2028-06-30 · openingCA €497,290 · prev 2026-04-30
07 IFRS 9 Strategic Equity Stake — FVTPL · cost €280,000 · fair value at 2026-05-31 €318,500 · openingFV €312,000 · dividend received €4,200
08 IFRS 9 Equipment Term Loan — amortised cost · face €320,000 · EIR 6.8% · openingCA €295,840 · prev 2026-04-30
09 IAS 40 Győr Investment Property — fair value model · cost €890,000 · current FV €968,000 · prior FV €950,000 · prev 2026-04-30
10 IAS 19 Defined Benefit Pension · DBO €1,682,400 · plan assets €1,618,000 · discount rate 3.8% · monthly service cost €4,860 · prev 2026-04-30
11 IAS 19 Accrued Bonus H1 2026 — short-term employee benefit · obligation €23,580 · settled within 12 months
12 IFRS 15 SaaS Subscription Revenue · contract €480,000/yr · performance OVER_TIME · recognise 1/12 for May 2026
13 IFRS 15 H1 Management Reporting Service · fee €14,000 · performance POINT_IN_TIME · delivery 2026-05-31
14 IAS 2 Raw Materials Inventory — weighted average · cost €1,240,000 · NRV €1,295,000 · no write-down
15 IAS 12 Deferred Tax — cascade · tax rate 9% · compute DTA/DTL from all temporary differences above
enter at the economic element — no MCP required
One endpoint family covers every economic element. The engine resolves the governing standard server-side and fires the automatic companion calculations (deferred tax, FX, borrowing costs, impairment, events after the period). Same three-step contract everywhere:schema→validate→calculate.
Excel workbooks generated by your calculations, available for 24 hours.
Schema and validate calls are always free. Request consumption is charged on calculate, batch, and data export. Every calculate runs pre-validation first — if validation fails, nothing is charged. Every successful calculate response includes step-by-step workings per standard.
No credit card required. Activate immediately after Google sign-in. Covers ~20 calculate calls.
- ✓ 6 standards: IAS 2, 12, 16, 36, 37 · IFRS 15
- ✓ Schema queries unlimited & free
- ✓ Step-by-step workings per standard
- ✓ XBRL/ESEF tags on every response
- ✗ ★ Full standards excluded
- ✗ Batch & statement set excluded
Batch formula: 25 (overhead) + 2 per standard + 15 statements + 15 calculation-sheets download. Covers ~6 period-end batch runs for a 5-standard company, or ~250 single calculate calls.
- ✓ 21 core IAS/IFRS standards
- ✓ calculate: 2 cr · batch overhead: 25 cr
- ✓ Statement set (P&L, OCI, SOFP): +15 cr
- ✓ Calculation Sheets (Excel, 12 tabs incl. DCF valuation pack, live-linked): +15 cr
- ✓ Step-by-step workings per standard
- ✓ XBRL/ESEF tags included
- ✓ MCP + REST API access
- ✗ ★ Full standards — contact us
Unlocks all 31 standards including the ★ Full tier: IFRS 2, 3, 6, 8, 10, 11, 20, IAS 28, IAS 33, IAS 41. Custom credit volume, priority support, dedicated token.
- ✓ All 28 IAS/IFRS standards
- ✓ ★ Full tier: IFRS 2, 3, 6, 8, 10, 11, 20, IAS 33, 41
- ✓ All Standard credit costs apply
- ✓ Step-by-step workings per standard
- ✓ Custom XBRL taxonomy extensions
Cross-standard cascades (IAS 12 / IAS 21 / IAS 23 auto-triggered) each count as one calculate credit.
31 standards. 200+ transaction types,full period processing, XBRL-tags
disclosurerequirement checklist included
Opening IFRS balance sheet at date of transition · Deemed cost elections for PPE, intangibles & investments (IFRS 1.D5–D7) · FCTR reset to zero (D13) · IAS 19 cumulative actuarial recognition (D10) · Deferred tax on all adjustments · IFRS 1.24 equity & TCI reconciliation disclosures
Vesting schedule & cumulative expense · Black-Scholes option fair value · Equity vs cash-settled classification · Modification: incremental fair value · Forfeiture rate adjustment
Goodwill — full & partial NCI method · Fair value allocation of net assets · Bargain purchase gain recognition · Contingent consideration measurement · Step acquisition & remeasurement
Reclassification criteria assessment · Lower of CA / FV less costs to sell · Impairment loss & subsequent reversal · Discontinued operation P&L split · Disposal group measurement
Cost vs revaluation model election · Impairment trigger assessment (6 indicators) · Reclassification on technical feasibility · E&E asset derecognition · Restoration & rehabilitation provision
Reportable segment identification (10% thresholds) · Aggregation criteria assessment · Segment profit/loss & asset/liability disclosure · Reconciliation to entity totals · Entity-wide disclosures (products, geography, customers)
ECL staging (Stage 1 / 2 / 3) · 12-month vs lifetime ECL calculation · EIR amortisation schedule · Hedge effectiveness (prospective & retrospective) · SPPI test & business model classification
Multi-level holding hierarchy (parent → sub → sub-sub, unlimited depth) · Sequential bottom-up consolidation with W1–W5 working papers at every level · Sub↔sub intercompany elimination · Step acquisition (IFRS 3.41 remeasurement at any level) · Sub-holding disposal (consolidated CA basis) · Treasury share elimination · Accounting policy uniformity & date-difference usability checks (IFRS 10.19/22/B93) · NCI: proportionate or full-goodwill method
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