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CFO.tools is a platform with financial tools for analyses related to International Financial Reporting Standards (IFRS), tax and other purposes, required in the financial function of the company. Our goal is to promote effective, affordable, easy-to-use, nonetheless compliant tools to assist CFOs, accountants and auditors.

For accounting and audit companies, CFO.tools provides an effective way of serving your clients in respect to analyses and financial aspects of the standards and the regulations.

Quality pledge

Our tools have been developed by a team with significant experience in finance, valuations and statistical analysis, in close collaboration with experienced IFRS and tax specialists. All tools have been already implemented since 2018 in small, medium and large enterprises (including holding companies) in Bulgaria and Europe, audited by local and international auditors (including Big4).

Clear Methodology

The tools are developed with a well-defined methodology and documentation that provides information about the level of detail, input data and assumptions, the process and the calculations.

Comprehensive service

In addition to the tools and their documentation, our team can provide support in using the tools, processing information or interpreting the results.

If you are an accounting firm or an audit firm, we will provide free training so that your professionals can confidently and effectively use the tools for your clients.

Latest blog articles

IASB on discount rates in IFRS

A helpful research of the International Accounting Standards Board about the discount rates used in IFRS, and particularly under:

IFRS 13 Fair Value Measurement,
IAS 36 Impairment of Assets,
IAS 37 Provisions, Contingent Liabilities and Contingent Assets,
IAS 19 Employee Benefits.

Some key points:

According to the report some standards (e.g. IAS 19, IAS 37) are not quite clear about the value basis, inputs and techniques so judgement and interpretation is required. (Probably we will see further clarifications, education materials, amendments on these topics)
The report is useful to confirm and align some discussion topics with what appraisers usually do.
The requirement for the use of a pre-tax discount rate in impairment tests (IAS 36) probably will be removed, as previously discussed also in another Staff Paper of the Board.

About us

CFO.tools is a product of Dill Analytics Ltd

Our team and servers are located in the EU

Contact

Stefan Markov

stefan@dillanalytics.com