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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

ifrs in europe  cash flows under the IFRS regime. In addition, IFRS reporting standards require inventory to be carried at the lower of cost and net realizable value (NRV) , while under US GAAP, inventory is carried at the lower of cost and market-based valuation. Under IFRS, a larger number of financial instruments will qualify as derivatives. For instance, instruments such as option and forward agreements to buy unlisted equity investments are accounted for as derivatives under IFRS, but not under US GAAP. The Read More
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...
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Documents related to » ifrs in europe


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

ifrs in europe  are planning to embrace IFRS in the next few years. For example, public sector organizations in the United Kingdom will begin using IFRS in 2010. Canada will come on board in 2011, with Mexico joining in 2012. In Japan, the IASB and the Accounting Standards Board of Japan (ASBJ) agreed on a process for converging Japanese GAAP with IFRS that will enable most companies to adopt IFRS in 2011. Korea recently announced a road map that will make IFRS mandatory for most companies by 2011. The Taiwan Financial Read More
Contributing to the Rejuvenation of Legacy Systems in the Enterprise Resource Planning Field
With its focus on service-oriented architecture, SSA Global appears to be sticking to its pledge to protect the user's investment as much as it can, while still

ifrs in europe  in the US, and IFRS and Basel 2 in Europe, the Middle East, and Africa (EMEA), are not issues looking for a technology solution. Compliance is achieved only through management best practices, and SSA Global recognizes that technologies such as corporate performance management (CPM) and workflow management can be used to facilitate the adoption of such practices. For these reasons, the availability of CPM and workflow integrations is standard within the SSA FM suite, whereas report and process templates Read More
Application Giants in Duel and Duet for Users’ Hearts, Minds … and Wallets
While SAP and Microsoft are concurrently partnering for certain initiatives, they are still dueling about who is bigger, better, smarter, whose user screens are

ifrs in europe  International Financial Reporting Standard (IFRS) or the Sarbanes-Oxley Act (SOX) See Thou Shalt Comply (and More), or Else: Looking at Sarbanes-Oxley ). True, while companies may have many business processes seemingly similar to one another, it is the subtle variations in those processes, the ability to keep the data in those processes current or accurate, and the user authorizations and permissions associated with those processes, that gives one company the competitive edge over another, where the Read More
Compliance Exposures in ERP Systems Part 1
This paper examines key issues for CFOs and CEOs in managing ERP systems in the new world of SOX, IFRS, Basle II. While most IT management attention seems to be

ifrs in europe  corporate scandals in America. IFRS is a European initiative with its origins in the accounting profession and a focus on accurate financial reporting. European subsidiaries of US companies will be subject to both Sarbanes-Oxley as well as IFRS. Basle II is concerned about risk and exposures in the financial services market. What they have in common is the objective to give various stakeholders timely, accurate, dependable information expressed in financial terms. They are also regulations with various Read More
What’s New in Siemens PLM Tecnomatix 10.1
Tecnomatix became part of the Siemens PLM family of products in 2007, having been created in 1983 in Israel to offer manufacturing process management (MPM

ifrs in europe  New in Siemens PLM Tecnomatix 10.1 Tecnomatix  became part of the Siemens PLM family of products in 2007, having been created in 1983 in Israel to offer manufacturing process management (MPM) solutions. It acquired Unicam Software (a provider of software to manage the production of printed circuit boards) in 1999 and USDATA (a provider of the production control solution FactoryLink and manufacturing execution system Xfactory) in 2003. In 2007, USG Corporation acquired Tecnomatix and combined its Read More
2011 HR Technology Conference & Expo (Day 1): What Happens in Vegas Shouldn’t Have to Stay in Vegas
Hundreds of industry experts have descended on Las Vegas for the 2011 HR Technology Conference @ Expo (and for other things, such as networking and maybe just a

ifrs in europe  HR Technology Conference & Expo (Day 1): What Happens in Vegas Shouldn’t Have to Stay in Vegas Hundreds of industry experts have descended on Las Vegas for the 2011 HR Technology Conference & Expo (and for other things, such as networking and maybe just a wee bit of gambling), which has been billed as “the world’s best conference on HR Technology.” It’s my second time attending this conference, which is the largest North American gathering of HR professionals, experts, and technology vendors Read More
Secure in a Foundry
Foundry Networks™, Inc. announced that they would be incorporating Secure Shell (SSH) Technology for free in all of its high-performance switching devices. That

ifrs in europe  in a Foundry Secure in a Foundry G. Duhaime - June 9, 2000 Event Summary Foundry Networks, Inc. announced that it would be incorporating Secure Shell Technology into all high-performance switching devices free of charge. According to Ken Cheng, Vice President of marketing for Foundry Networks, The internet has become the mass communication medium and an economic way to communicate among remote sites. It is used increasingly to access networking devices for configuration and management purposes. By Read More
Best Practices for Managing Just-in-time (JIT) Production
Just-in-time (JIT) manufacturing “is not procrastination, but making a commitment once the scales are tipped in the favor of certainty.” How do you keep your

ifrs in europe  Practices for Managing Just-in-time (JIT) Production Just-in-time (JIT) manufacturing “is not procrastination, but making a commitment once the scales are tipped in the favor of certainty.” How do you keep your company from falling prey to the “deer-in-the-headlights” syndrome and suffering from decision failures? In this guide, experts share their top seven best practices for deftly managing JIT manufacturing. Read More
Oracle Releases In-Memory Cost Management Add-on for Oracle EBS
The in-memory arms race continues in full force. Having recently delivered high-performance Value Chain Planning solutions, Oracle has introduced Oracle In

ifrs in europe  Releases In-Memory Cost Management Add-on for Oracle EBS The in-memory arms race continues in full force. Having recently delivered  high-performance Value Chain Planning solutions , Oracle has introduced Oracle In-Memory Cost Management for the Oracle E-Business Suite  to help organizations address their strategic cost management objectives. Existing tools are often unable to perform complex cost analysis on the ever-expanding volume of cost data within and across organizations, preventing Read More
Trends in LMS
Companies and educational institutions use learning management systems (LMSs) to provide training and e-learning. With over 250 LMSs currently on the market

ifrs in europe  in LMS Learning management systems (LMSs) began simply as registration and record-keeping software to manage instructor-led instruction. In the late 1990s, the ability to launch and track e-learning was added. Since then, related tools such as improved reporting capability, e-commerce, and performance and competency management have been added. A recent survey by Government Elearning! Magazine (access to the survey requires subscribing to the e-zine) indicates that approximately 50 percent of all Read More
In the News: Gartner Lawsuit
Gartner seems to be in the news a lot lately. First, they announced they will acquire AMR and now we find out that a vendor is suing them for not being included

ifrs in europe  the News: Gartner Lawsuit Gartner seems to be in the news a lot lately. First, they announced they will acquire AMR and now we find out that a vendor is suing them for not being included in the Magic Quadrant. I wasn’t surprised to find out that the name of the website where the news was published is techdirt . Another interesting post on the same website caught my attention: five years ago, a woman sued a telecom company because a driver talking on his cell phone caused an accident. The lawsuit was Read More
Manufacturing Strategies that Win: IT’s New Role in the Cloud
With acceptance of cloud-based strategies growing among manufacturers of all types and sizes, it’s easier than ever to make the business case for transitioning

ifrs in europe  Strategies that Win: IT’s New Role in the Cloud With acceptance of cloud-based strategies growing among manufacturers of all types and sizes, it’s easier than ever to make the business case for transitioning to the cloud. But beyond the cost savings and responsiveness of cloud solutions, this transition also provides new opportunities for the IT department to grow into a key role as strategic business advisor. This report includes advice on how IT can help manufacturers realize the full Read More
Checklist: Best Practices for Managing Just-in-time Production
Just-in-time (JIT) manufacturing is

ifrs in europe  Best Practices for Managing Just-in-time Production Just-in-time (JIT) manufacturing is not procrastination, but making a commitment once the scales are tipped in favor of certainty,” explains Focus Expert Jerry Durant. How do you keep your company from falling prey to the “deer-in-the-headlights” syndrome and suffering from decision failures? Download this JIT checklist for the top seven best practices for managing JIT manufacturing. Read More
In-Memory Databases/In-Memory Analytics
The appeal of in-memory technology is growing as organizations face the challenges of handling and utilizing big data. There are compelling technical advantages

ifrs in europe  Memory Databases/In-Memory Analytics The appeal of in-memory technology is growing as organizations face the challenges of handling and utilizing big data. There are compelling technical advantages to having an in-memory database, but the business benefits can be far-reaching, as the knowledge gained from analytics means that a data-driven business can closely engage with and anticipate the needs of customers and markets. This paper provides a look at the benefits of in-memory technology for dealing Read More

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