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Standards and compliance: every figure justified, in every framework
SYSCOHADA, IFRS, COBAC, CIMA, tax and payroll: we help finance departments produce reliable statements and explain every difference.
Making mappings visible
Most organisations produce several sets of figures from the same transactions. The risk is not the difference itself, but a difference nobody can explain.
We document mapping tables, restatements and controls, then build them into the ERP so they are applied at every closing.
Seven frameworks, one team
Our consultants work on the accounting, prudential, tax and labour standards that apply in French-speaking Africa.
Revised SYSCOHADA
17 OHADA member states
The Uniform Act on accounting law and financial reporting (AUDCIF) and the revised SYSCOHADA set the rules for bookkeeping and financial statement presentation across the OHADA area.
- Chart of accounts and statements set up in the ERP
- Closing review and preparation of annual financial statements
IFRS
International standards (IASB)
IFRS, issued by the IASB, apply to subsidiaries of international groups and to entities that raise funds on the markets. They require judgement, estimates and detailed disclosures.
- Conversion of local accounts to IFRS and group package
- IFRS 9, IFRS 16, IAS 19 and IFRS 18 readiness
COBAC PCEC
Banks in the CEMAC zone
Credit institutions in CEMAC keep their accounts under the COBAC chart of accounts and submit their regulatory reports to the General Secretariat of the Banking Commission.
- Mapping between PCEC, regulatory reports and IFRS
- Loan provisioning and its link with IFRS 9 expected credit loss
PCEMF
Microfinance in the CEMAC zone
Microfinance institutions have a dedicated chart of accounts and reporting obligations suited to their business, under COBAC supervision.
- Accounting set-up and reporting for MFIs
- Loan portfolio data quality
CIMA Code
Insurance, CIMA area
The CIMA Insurance Code governs the accounting, technical provisions and reports submitted by insurance companies in member states.
- CIMA chart of accounts and reports in the ERP
- Support with closing and reporting
Tax
CEMAC, WAEMU and national legislation
Each country applies its own general tax code. We configure taxes in the ERP and prepare the tax return and periodic filings.
- Tax and filing configuration
- Preparation of the annual tax return (DSF)
Payroll and labour
Gabon and countries of operation
Payroll depends on each country's labour code, collective agreements and social security bodies. Our HR-Payroll module embeds these rules and produces the related filings.
- Payroll calculation and social security filings
- Payroll audit and compliance
Assess your IFRS level
A 15-minute online questionnaire to identify your training priorities.
Take the self-assessmentSYSCOHADA, IFRS, PCEC: what changes
A simplified view of the main differences between the three frameworks we encounter most often.
| Topic | SYSCOHADA | IFRS | PCEC COBAC |
|---|---|---|---|
| Who applies it | Companies in the 17 OHADA states | Groups, subsidiaries of international groups, entities raising funds on markets | Credit institutions in CEMAC |
| Main objective | Financial reporting and tax base | Information for investors | Prudential supervision |
| Measurement approach | Historical cost and prudence | Economic substance, fair value where applicable | Rules set by the supervisor |
| Impairment of receivables | Provision when non-recovery is probable | Expected credit losses from origination (IFRS 9) | Classification and provisioning under COBAC regulation R-2018/01 |
| Reports produced | Annual financial statements and tax return | Financial statements with detailed notes | Periodic regulatory reports and annual accounts |
| Our role | Set-up, closing, training | Conversion, group package, training | Mappings, reporting, training |
Summary table for teaching purposes. Only the official texts are authoritative.
Our compliance assignments
One-off assignments or long-term support.
Compliance diagnosis
Review of your processes, set-ups and reports against the applicable frameworks.
IFRS conversion and restatements
Mapping tables, documented restatements and consolidation package.
Regulatory reporting
COBAC and CIMA reports: organisation, controls and data quality.
Tax return and filings
Preparation of the tax return and periodic filings from the ERP.
Payroll and social security filings
Payroll audit, compliance and automated filings.
Configuration audit
Review of charts of accounts, taxes and posting rules in your software.
Our compliance assignments
Breakdown by framework, in %
The rhythm of a compliance year
The key milestones our clients prepare with us.
Payroll and social security filings
Payroll calculation, contributions and filings with social security bodies.
Closing and inventories
Reconciliations, physical counts, cut-off, provisions.
Financial statements and tax return
Sign-off of the accounts and filings within each country's deadlines.
Approval of the accounts
Ordinary general meeting and filing of the financial statements.
Regulatory and group reporting
Periodic reports to supervisors and consolidation packages.
Exact dates depend on the country, the sector and the closing date.
Acronyms to know
A reminder of the main abbreviations used in our work.
Organisation for the Harmonisation of Business Law in Africa, grouping 17 states.
Uniform Act on accounting law and financial reporting, adopted in 2017.
OHADA accounting system, the framework for companies in the OHADA area.
International Financial Reporting Standards.
International Accounting Standards Board, which issues IFRS.
Banking Commission of Central Africa, supervisor of CEMAC banks.
Chart of accounts for credit institutions, defined by COBAC.
System collecting the regulatory reports submitted by banks to COBAC.
Expected credit loss, at the heart of IFRS 9.
Inter-African Conference on Insurance Markets and its insurance code.
Annual statistical and tax return filed with the tax authority.
National social security fund covering employees.
Where do you stand with IFRS?
Answer 46 questions in 15 minutes and get your training priorities.
Let's talk about your project
A BMS EXPERT specialist will reply within 48 working hours.