What this article covers: How to configure Accounting Standards and Account Classifications in BrizoConsol — enabling the standards your group reports under, setting a default standard, and assigning accounts to classifications for each standard.

Account Settings is where you control two things that affect how consolidated reports are presented across the platform: which accounting standards are active for your group, and how specific accounts are classified within each standard for reporting purposes.

Go to Global Settings → Account Settings from the left navigation. The page applies to the currently selected group — the group name is shown beneath the Accounting Standards section header (e.g. Applies to: Demo Group). Click Save at the bottom of the page to apply any changes.

1. Accounting Standards

The Accounting Standards section has two columns: Enabled Standards and Default Standard.

Enabled Standards

Check the standards your group uses. Only enabled standards appear as options when tagging journal adjustments and elimination entries, and when switching standard views in reports.

Standard When to enable
All standards Convenience toggle — enables all standards at once
IFRS International Financial Reporting Standards — used by most listed and international groups
US GAAP United States Generally Accepted Accounting Principles
UK GAAP United Kingdom Generally Accepted Accounting Principles
SFRS Singapore Financial Reporting Standards
Local GAAP The local statutory standard for your jurisdiction — used for statutory filing

Default Standard

Select one standard as the default. The default standard is used across dashboards and reports unless a different standard is explicitly selected. Only standards that are enabled appear as default options.

💡 Tip: If your group files statutory accounts under Local GAAP but reports to investors under IFRS, set Local GAAP as the default and enable IFRS as an additional standard. You can switch between standard views in any report with a single click.

2. Account Classifications

Account Classifications let you assign specific Common COA accounts to reporting classifications for each accounting standard. These classifications determine how accounts are grouped and presented in consolidated reports.

Selecting a Standard and Classification

The classification grid has two rows of tabs:

Row What it selects
Standard tabs Top row — selects which standard's classifications you are configuring: IFRS, US GAAP, UK GAAP, SFRS, or Local GAAP
Classification tabs Second row — selects the classification type: Equity, P&L, or CF (Cash Flow). Each has its own set of line items to assign accounts to.

Assigning Accounts

Once a standard and classification tab are selected, a list of line items appears — for example, under CF (Cash Flow): Proceeds from Disposal of PPE, Acquisition of Subsidiaries, Disposal of Subsidiaries, Proceeds from Issue of Share Capital, Proceeds from Borrowings, and others.

1
Select the standard tabChoose which accounting standard you are configuring — e.g. click SFRS.
2
Select the classification tabChoose Equity, P&L, or CF to see that classification's line items.
3
Click Select Accounts next to each line itemAssign one or more Common COA accounts to each classification line. The selected accounts are shown beneath the button — e.g. 1 selected: G-1410 - FA Disposal.
4
Repeat for each standard and classification, then click SaveConfigure classifications for each enabled standard. Click Save at the bottom of the page when done — changes apply immediately to consolidated reports.
⚠️ Remember to Save: Account Classifications are not saved automatically. Click Save at the bottom of the page after making any changes — switching tabs or navigating away without saving will lose your changes.