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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...

Meeting the Challenge: Planning for IFRS Conversion
Over 100 countries now require or permit International Financial Reporting Standards (IFRS) reporting. Companies preparing to make this challenging switch will

iasb  in London, England. The IASB cooperates with national accounting standard-setters to achieve convergence in accounting standards around the world. In a nutshell: IFRS is one single set of global financial reporting standards developed to guarantee comparable financial statement preparation and disclosure. The drive to international accounting standards IFRS and Sage Accpac The move towards international accounting standards is being driven by globalization and the breaking down of national barriers. As Read More...
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Documents related to » iasb


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

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...
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

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...
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

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...
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

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

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...

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