Expense filing. Disclosures. Deferred tax and EPS reporting. US GAAP and ASC 718 compliance. IFRS 2.<\/p>\n
Do these sound familiar to you? If they do, then they probably don\u2019t sound fun to you.<\/p>\n
All of the items listed above are necessary, complicated, and extremely time-consuming aspects of financial reporting.<\/p>\n
But with Global Shares\u2019 Financial Reporting, you don\u2019t need to worry about adding this to your extremely long to-do list. Now, you can have a team of experts do it for you \u2013 all you need to do is push a button.<\/p>\n
Our financial reporting functionality is weaved into our employee share plan management system. This means that everything that happens in your share plan \u2013 vest events, forfeitures, transactions, etc. \u2013 impacts your financial reports immediately. Valuation, expense accrual \u2013 whatever report you\u2019re running, you know it\u2019s up-to-the-minute.<\/p>\n
We support a large suite of reports, including:<\/p>\n
And our reports come with a number of functions, to ensure they\u2019re top-of-the-line.<\/p>\n
Determining fair value can be tricky. Option-based awards, Restricted Shares, what are they all worth? That\u2019s why for both, we have both system-generated (Black-Scholes Model, intrinsic value, etc.) and imported valuation methods available.<\/p>\n
It\u2019s never been easier to run expense reports. If you\u2019re determining how expenses are amortized over an award\u2019s service period, you can use either the straight line (pure and modified) or the front-loaded attribution method.<\/p>\n
Different participants have different expectations \u2013 namely, forfeiture assumptions. With our reports, each participant can be assigned to an assumption group with an assigned estimated forfeiture rate. Any changes during the expense period are taken into account.<\/p>\n
You have a choice of forfeiture rate application methods \u2013 non-hyperbolic (static) or hyperbolic (dynamic).<\/p>\n
Participants are assigned to a tax entity with individual effective rates, and changes in tax rates, as well as participant movement between entities, is tracked with an effective date. In addition to summary accounting entry reports, detail tracking and transaction reports are available to download.<\/p>\n
It\u2019s difficult to compute basic and diluted earnings per share. You need to calculate the assumed proceeds and resulting incremental shares based on the average market price and\u2026<\/p>\n
Well, actually, all you need to do is click. Our system takes care of everything.<\/p>\n
Our system provides both detailed and summary disclosure reports, allowing you easy transparency, as well as satisfying the accounting standard requirements. And when we say detailed, we mean detailed:<\/p>\n
At this point, some of you \u2013 even those who deal with financial reports \u2013 might be wondering what some of these functions are, or just how much they can help you.<\/p>\n
Don\u2019t worry. Our dedicated Financial Reporting team is constantly working for you.<\/p>\n
Whether it\u2019s monitoring changes in the Global Accounting Standards, such as US GAAP and IFRS, or providing assistance with client and auditor queries, they\u2019re a part of your team. Because you need to keep your compliance as up-to-date as your reports.<\/p>\n
If you’re lost in the woods of financial reporting, contact us to speak to an equity compensation expert today.<\/p>\n