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ESEF – European Single Electronic Format

Are you ready for the new ESEF reporting?

From January 1st, 2020, all capital market-oriented companies within the EU are obliged to publish the primary components of their annual financial statements in the electronically readable iXBRL format.This change will certainly be challenging for many companies.However, the good thing is: the creation of ESEF reports can be automated and achieved with decreased effort.

For this to succeed, a well-planned implementation with preceding process and structure analysis and, if necessary, adaptation of the system landscape is essential.

Based on our 20 years of experience, we have assembled our view on ESEF including all important information and initial solutions in an e-book for you.

The importance of human capital reporting for organizations is growing and gaining importance due to a change in the business world. The share of intangible assets in the market value of the S&P 500 share index increased from 17% to 84% since 1975. Employees are a major source of these intangible assets, but there has been no uniform approach to measuring and evaluating human capital. With the introduction of the voluntary guideline DIN ISO 30414, a globally uniform standard for the quantification and analysis of employee-related key figures is now to be achieved in order to create more transparency in the human capital area of organizations. Learn more about the application and introduction of the guideline, which was also published as a German DIN ISO standard in June 2019. We will be happy to support you and your organization in implementing this guideline.

 


Table of contents:
  • Relevant background and additional information: what is it about? who is affected? what has to be done and until when?
  • Effects of the new ESEF regulation on system landscape and process organization
  • 4C GROUP's initial solutions and recommendations

Download our e-booklet now and learn more about ESEF!

E-Booklet ESEF – European Single Electronic Format

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ESEF – European Single Electronic Format