IFRS for Microsoft Dynamics AX - 6 Gen

More documents

Recommendations

Info

As a result it is critical to -● Consider systems impact on commencement of the IFRS project● Identify Finance and IT upcoming projects that may impact theconversion to IFRS● Use the ―do-it-right-the-first-time‖ approach and avoid excessiveworkarounds● Assess the system capabilities, functionality and options as part ofa system impact assessment16
Differences between current accounting standards/practices and IFRS differsignificantly between countries, industries and companies.May trigger or create needs for:● New data● Changed calculations/valuations● Changes in reportingSystems impact include:● Systems implementation● New functionality implementation● Modification● Re-Mapping● ReconfigurationKey Management Decisions:● Weighing short-term tactical decisions vs. long-term strategicdecisions17
Page 3 and 4: What is IFRS (International Financi
Page 5 and 6: Harmonising internal and external r
Page 7: IFRS with country variant (EU, loca
Page 10 and 11: Financial statements Consolidation
Page 12 and 13: ED = Exposure DraftFinancial Crisis
Page 14 and 15: Part Two● Effects of IFRS on syst
Page 18 and 19: 1 System supported parallel account
Page 20 and 21: Part Three● Dynamics AX support f
Page 22 and 23: Key ERP RequirementsDynamics AX Fun
Page 24 and 25: Key ERP RequirementsDynamics AX Fun
Page 27: © 2011 Microsoft Corporation. All
Page 30 and 31: Type of Change Details Information
Page 32 and 33: Key System ConsiderationsWhere: Top
Page 34 and 35: ● How to identify the system impa
Page 36 and 37: ED = Exposure Draft 2010 2011MoU Jo

IFRS for Microsoft Dynamics AX - 6 Gen

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?