PSAK 109 Web Application (Financial Instrument)
PSAK 109 Web Application adopts IFRS 9 standards to align domestic SAK (Financial Accounting Standards) with world or international accounting. PSAK 109 is applicable to all entities with financial instruments, including businesses, banks, and insurance companies.
Our Market
| Bank & Financing Company | Securities Company | Accounting |
 |  |  |
| Loan Report: Opening Balance Initial Recognition Outstanding Balance Expected Cash Flow Calculated Accrual Interest Amortized Fee and Cost Expenses Off market Interest Deferred Restructuring | Securities Report: Expected Cash Flow Treasury Bonds/Bills Expected Cash Flow Repo/Reverse Repo Securities Price, Yield and Coupon Portfolio Securities Base Time band Securities Mark to Market Outstanding Balance | Journal: Initial Recognition Journal Amortized Journal Time Gap Negative Journal Full/Partial CP Prepayment Journal Restructuring Journal Impairment Journal |
Implementation Model:
- On Premise
- SaaS (Cloud Web Application)
On Premise Deployment:
- Organizations have full control over their data, including access, storage, and processing.
- Demonstrate compliance with regulations more easily as they maintain direct control over the infrastructure.
- Eliminate dependency on internet bandwidth for internal operations, offering faster response times for local users.
- Facilitates seamless integration with legacy systems and existing data storage solutions.
- Manage their own server maintenance schedules and are not affected by outages from external cloud providers.
SaaS Deployment:
- Organizations do not need to purchase hardware or set up data centers, significantly reducing initial expenses.
- SaaS applications are cloud-based, allowing users to access them from anywhere with an internet connection.
- Perfect for organizations with distributed teams or employees working remotely.
- SaaS applications are ready to use out of the box with minimal setup time, enabling faster adoption.
- SaaS applications implement enterprise-grade security measures, ensuring data protection and regulatory compliance.
Who should try PSAK 109 Web Application?
- Accountants and financial staff who are responsible for measuring and valuing assets.
- Auditors who examine the financial statements of companies using PSAK 109.
- Financial managers who manage the company’s financial instruments.
- Financial consultants who work with the management of financial assets.