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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  CFO.com that highlights common IFRS adoption challenges and summarize typical U.S. GAAP-to-IFRS technical differences by major area, including potential impacts to sub ledgers. Source: SAP Resources Related to Streamlining Your Conversion to IFRS: Challenges, Choices, and Transformative Technologies : SAP AG (Wikipedia) International Financial Reporting Standards (IFRS) (Wikipedia) Generally Accepted Accounting Principles (GAAP) (Wikipedia) Streamlining Your Conversion to IFRS: Challenges, Choices, and Read More

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Documents related to » ifrs


Top 10 Ways the Transition to IFRS Will Impact Your ERP System
GAAP, or Generally Accepted Accounting Principles, have long defined the standards for accounting and related practices in the US. GAAP ensures that companies

ifrs  Ways the Transition to IFRS Will Impact Your ERP System GAAP , or Generally Accepted Accounting Principles, have long defined the standards for accounting and related practices in the US. GAAP ensures that companies can produce documents that auditors can verify according to standardized accounting practices. GAAP is also important because it provides for consistency across industries and companies. A company using GAAP can have its financials compared with similar GAAP-compliant companies. IFRS , or Read More
An IFRS Fable: The Company That Waited Too Long
Many US companies find themselves acting like “Wait-and-See, Inc.” They interpret the switch from US Generally Accepted Accounting Principles (GAAP) to IFRS as

ifrs  IFRS Fable: The Company That Waited Too Long Many US companies find themselves acting like “Wait-and-See, Inc.” They interpret the switch from US Generally Accepted Accounting Principles (GAAP) to IFRS as a matter of compliance rather than an opportunity to become more globally competitive by improving key internal processes. But transitioning to IFRS offers many benefits beyond compliance. Find out what those benefits are, and how your company can harness them. 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

ifrs  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 reporting language (XBRL)? The advent of the Internet (circa 1980) resulted in global communication Read More
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  Transition: Preparing for IFRS TEC is divided in Evaluation Centers like Accounting System Evaluation Center. Accounting systems manage procedures for accurately entering, tracking, and maintaining information related to an organization's financial operations. Source: Technology Evaluation Centers Resources Related to Smooth Transition: Preparing for IFRS : International Financial Reporting Standards (IFRS) (Wikipedia) Smooth Transition: Preparing for IFRS IFRS Transition is also known as : Read More
Finance Transformation and Routine Accounting: Enabling the Corporate Controller’s Role as a Strateg
The first role of the corporate controller has been to ensure corporate financial controls and@as a distant second@make strategic business contributions. But

ifrs  compliant with GAAP (or IFRS) practices, provides a large portion of necessary support for a successful finance transformation. The new breed of IT provider, like Corefino, addresses the basic needs of finance that impact Controllers and CFOs alike. By looking at the need for finance efficiency and daily operations management, Corefino allows Controllers and the finance group overall to free itself from predictable transaction processing and establish financial directions for the enterprise. This Read More
Managing the Multicompany Corporation
For multi-organizational enterprises, generally accepted accounting principles (GAAP), Sarbanes-Oxley (SOX), and International Financial Reporting Standards

ifrs  International Financial Reporting Standards (IFRS) have made everything from closing the books to daily management more complex. Learn how to manage the sales and financial components of your enterprise, including requirements for addressing differing currencies, taxation rules, and reporting. Read More
Taking Control of Your Business: Growing Profitably in the Professional Services Market
How can a professional services firm grow profitably while providing clients with the services and project pricing they demand? The firm must rely on best

ifrs  comply with SOX and IFRS mandates. And these alterations are a major driver for engaging professional services firms. Regulatory changes also impact professional services firms internally. For example, audit firms must now perform global risk and conflict checks before engaging a new client or signing a new contract with an existing client. Ensuring internal compliance is a responsibility all firms must address. In addition, many firms can use their expertise to help their own clients become compliant. Read More
Extensible Business Reporting Language (XBRL) Back in the News Again
Visiting the Securities and Exchange Commission's (SEC's) web site, I came across this 143-page PDF file, which deals with XBRL. As a gung-ho proponent of

ifrs  file with GAAP and IFRS, are using XBRL, and are on the very pro XBRL bandwagon. About the only criticism I have about Mr. Cox’s plan is the timeline. CFOs balked at the aggressiveness of the schedule that SEC proposed. SEC wants them to aim for concrete results for 2010. XBRL is the next big wave to the financial modules of ERP software packages. In subsequent blogs I will address this topic with gusto. Read More
One Year Later at Deltek: More of the Same (And Then Some More) - Part I
Time and again during my decade or so of covering the enterprise applications market as an industry analyst I have witnessed what difference a year can make

ifrs  international financial reporting standards (IFRS ), and building a more secure environment for intercompany and multicurrency transactions. There will be support for multiple languages, while Microsoft SQL Server Reporting Services (SSRS ) will be used for standard reporting (in previous versions reporting was provided via the partnership with Actuate Corporation ). Thus, Vision 6.0 will set the stage for Deltek’s much needed international expansion efforts when the time is right; and Microsoft Smart Read More

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