Accounting Standards Integration System
The accounting standards integration system addresses the challenge of handling multiple accounting standards by converting entries using exchange rate data, enabling simultaneous and accurate financial reporting across regions.
TWM685979UActive Publication Date: 2026-08-01FIRST COMML BANK CO LTD +1
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Patent Information
- Application Number
- TW115203204
- Authority / Receiving Office
- TW · TW
- Patent Type
- Utility models
- Current Assignee / Owner
- Filing Date
- 2026-04-14
- Publication Date
- 2026-08-01
- Estimated Expiration
- 2036-04-13
AI Technical Summary
Technical Problem
Multinational corporations face difficulties in handling accounts under multiple accounting standards due to differences in regional standards, necessitating separate calculation logics for different regions.
Method used
An accounting standards integration system that includes a processing unit to convert accounting entries between different standards using exchange rate data, generating reversal entries to balance debit and credit amounts across varying standards.
Benefits of technology
Facilitates simultaneous processing of accounts under multiple accounting standards by balancing debit and credit entries, ensuring accurate and consistent financial reporting across regions.
✦ Generated by Eureka AI based on patent content.
Abstract
An accounting standards integration system is applicable to an external device and includes: a storage unit for storing multiple first accounting entries belonging to a first accounting standard and recorded in a first currency; and a processing unit electrically connected to the storage unit and the external device; the processing unit is configured to: receive multiple second accounting entries from the external device corresponding to the first accounting entries, the second accounting entries belonging to a second accounting standard and recorded in a second currency; calculate multiple outgoing amounts recorded in the first currency from the second accounting entries using exchange rate data; and generate multiple reversal entries including multiple exchange difference amounts based on the first accounting entries and the outgoing amounts, the exchange difference amounts balancing the first accounting entries with the outgoing amounts.
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