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 10 ways company can prepare for ifrs


Smooth Transition: Preparing for IFRS
International Financial Reporting Standards (IFRS) are the reporting standards developed by the International Accounting Standards Board (IASB). IFRS is now

10 ways company can prepare for ifrs  focus on somewhere between 10 and 40 differences in their own reporting requirements. These differences can be easily and cost-effectively compared, tested, and reconciled in a comprehensive ERP system. Epicor, a company dedicated to providing integrated enterprise software, offers one such ERP system. I will refer to the Epicor ERP system as an example for some of the points discussed in this document. Early planning and adherence to best practices will provide a distinct advantage to all firms in the

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Enterprise Resource Planning (ERP)

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10 ways company can prepare for ifrs  in 1, 2, 5, 10 years. Create short, medium, and long term goals that will provide the quick wins as well as inspire the organization towards something larger. Stay ahead of the curves. Changes in the regulatory environment and the supporting technologies, such as SOX, IFRS, and XBRL, can create havoc. But if you plan for them and incorporate them into your roadmap, you can actually leverage them as agents of change to improve business processes and competitiveness. Empower the organization. Control what Read More

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