This first series of four blogs is dedicated to handling IFRS adoption for consolidated statements. They provide an overview of a new SAP "How-to guide" called "IFRS adoption in consolidated statements using SAP® BusinessObjectsTM Financial Consolidation, starter kit for IFRS". The objective is to bring practical guidance to end-users in order to manage successfully all the issues raised by the adoption of IFRSs and to get the maximum benefit from SAP® BusinessObjectsTM Financial Consolidation.
The blogs will cover:
- Blog #1: Approaches in IFRS adoption
- Blog #2: Operating issues to deal with in financial reporting systems.
- Blog #3: How to face the challenge - The starter kit for IFRS as a starting point - this blog
- Blog #4: How to face the challenge - Key implementation templates
In the previous blogs (1 and 2), the retrospective method was described, along with the main issues to handle in financial reporting systems. We will now focus on the solutions proposed by SAP.
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Author: Jean-Francois Bouillon
Source: sdn.sap.com
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