X
Start evaluating software now

 Security code
Already have a TEC account? Sign in here.
 
Don't have a TEC account? Register here.

Discrete Manufacturing (ERP)
Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
 

 iasb


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

iasb  Board (IASB) . The IASB is committed to developing a single set of high quality, understandable and enforceable accounting standards to help participants in the world's capital markets and other users make economic decisions. IFRS reporting is now required or permitted in nearly 100 countries, including the European Union and most of Asia Pacific. India, Japan, and Brazil plan to adopt or converge with IFRS over the next three years. In the US, the Financial Accounting Standards Board (FASB) is working

Read More


Discrete Enterprise Resource Planning (Discrete ERP) RFI / RFP Template

Financials, Human Resources, Manufacturing Management, Inventory Management, Purchasing Management, Quality Management, Sales Management, Product Technology Get this template

Read More
Start evaluating software now

 Security code
Already have a TEC account? Sign in here.
 
Don't have a TEC account? Register here.

Discrete Manufacturing (ERP)
Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...

Documents related to » iasb

Why Privately Held Manufacturers Should Implement IFRS-ready ERP Solutions


While regulatory requirements to adopt International Financial Reporting Standards (IFRS) may be a concern for publically traded companies only, there are plenty of reasons why privately held entities will want to prepare to adopt IFRS as well.

iasb  of the globe. The IASB developed IFRS. This new method of financial reporting has already been formally adopted by many countries who are members of the European Union (EU), and more countries are adopting this standard every day. Some of the key business drivers for IFRS include the need for consistent accounting standards and disclosure requirements. If you are using US-based GAAP, or some other accounting standard, conduct international business operations, and you are dealing with IFRS, you are Read More

Solomon Stands the Test of Time Despite Changing Masters Part Three: Product Differentiators


Of all the MBS' products, Solomon is apparently the purest in terms of a standard Microsoft technology stack, and without any proprietary additions. Furthermore, its sharp focus solely on Microsoft technology from ground up, coined in ''the power of one'' motto (one OS platform - Windows XP/NT/2000, one database platform - MS SQL Server, one development environment - MS Visual Basic, etc.), also presents an attractive, risk-adverse option for penny-pinching mid-market customers. Solomon IV has consequently been very competitive in speed of implementation, feasibility of customization, total cost of ownership (TCO), and price/performance ratio.

iasb  International Accounting Standard Board (IASB) Statement 125. The module supports translations from one set of books to another set of books, and supports multi-tier translations and consolidations. A built-in version of the FRx Desktop and FRx Forecaster marquee financial planning, budgeting and reporting software integrates with Solomon for financial statement presentation, as it locates data from different accounting systems if necessary and puts all the information in a single report. Additionally, Read More

The move to IFRS and XBRL


IFRS is an accounting standard dealing with global financial reporting. XBRL is an electronic language describing financial data according to global standards. This article describes why IFRS will displace GAAP in the US and the link between IFRS and XBRL.The move to IFRS and XBRL Why are governments moving to International Financial Reporting System (IFRS) and extensible business

iasb  Accounting Standards Board, or IASB). The purpose was to establish a global accounting rulebook, now known as the IFRS. Today, IFRS is a fiscal reporting standard that is the government reporting rulebook in over 120 countries. Where IFRS is standardized, a financial statement or financial document prepared in any one of the 120 countries can be fully understood and accepted by any one of the other countries. As the number of membership countries using IFRS grew, it was recognized that a financial Read More

Streamlining Your Conversion to IFRS: Challenges, Choices, and Transformative Technologies


Transitioning to international financial reporting standards (IFRS) is more than just a mandate—it’s an opportunity for companies to improve their financial consolidation and reporting systems, and enable rapid legal compliance. But making the switch requires careful planning, thoughtful execution, and support from personnel throughout the enterprise. Find out how your company can manage the change.

iasb  Accounting Standards Board , Iasb , IAS , International Accounting Standards Committee , Iasc , IFRS Transition , Use IFRS Adoption , Financial Consolidation , Streamlining Your Conversion to IFRS , Presentation of Financial Statements , Accounting Financial Reporting , Generally Accepted Accounting Principles , GAAP , Transformative Technologies , Rote Accounting Exercise , Financial Policies , International Financial Reporting Standards Convergence , Financial Reporting Systems , Structure of IFRS , Read More

Solomon Stands the Test of Time Despite Changing Masters Part Three: Product Differentiators


Of all the MBS' products, Solomon is apparently the purest in terms of a standard Microsoft technology stack, and without any proprietary additions. Furthermore, its sharp focus solely on Microsoft technology from ground up, coined in ''the power of one'' motto (one OS platform - Windows XP/NT/2000, one database platform - MS SQL Server, one development environment - MS Visual Basic, etc.), also presents an attractive, risk-adverse option for penny-pinching mid-market customers. Solomon IV has consequently been very competitive in speed of implementation, feasibility of customization, total cost of ownership (TCO), and price/performance ratio.

iasb  International Accounting Standard Board (IASB) Statement 125. The module supports translations from one set of books to another set of books, and supports multi-tier translations and consolidations. A built-in version of the FRx Desktop and FRx Forecaster marquee financial planning, budgeting and reporting software integrates with Solomon for financial statement presentation, as it locates data from different accounting systems if necessary and puts all the information in a single report. Additionally, Read More

The Sarbanes-Oxley Act May Be Just the Tip of a Compliance Iceberg


The Sarbanes-Oxley Act is not the only government regulation that enterprises must comply with. Several others make it imperative that appropriate enterprise resource planning and financial management systems provide comprehensive sets of financials and analytics capabilities to ensure compliance.

iasb  International Accounting Standards Board (IASB) to promote internationally comparable financial statements. Regulation 2002/3626 requires that some 7,000 listed companies in the European Union (EU) prepare their consolidated financial statements in accordance with IFRS and IAS (see mySAP ERP Financials: IFRS Compliance ). Somewhat similar to SOX, the IAS framework was adopted by the European Commission to increase transparency among companies operating in the EU, with the goal to promote investor Read More