IFRS for Microsoft Dynamics AX - 6 Gen
IFRS for Microsoft Dynamics AX - 6 Gen
IFRS for Microsoft Dynamics AX - 6 Gen
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When reporting under <strong>IFRS</strong>, companies should not underestimatethe extent to which the <strong>IFRS</strong> changes impact business, processes,data and systems<strong>Gen</strong>eral System Impacts -● Need <strong>for</strong> specific system functionality to meet <strong>IFRS</strong> requirements● New disclosure and recognition requirements lead to more dataand calculations on a different basis of accounting● Multi-GAAP accounting and parallel reporting requirements● System impacts at all levels: Source Systems, Sub-ledger, GL,Consolidation and Reporting● Data adjustments and/or data conversions15
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