IFRS for Microsoft Dynamics AX - 6 Gen

1 System supported parallel accounting solution (full, partially, none)2 Where to perform parallel accounting: Top-side vs. local3 Who to perform parallel accounting: Corporate vs. local4 Leading/primary Accounting principle during parallel accounting period:IFRS or GAAP that is being replaced5 Parallel accounting: Temporary vs. Ongoing (2 GAAPs vs. 3 or more GAAPs)6 Parallel accounting practice: Real-time vs. Retrospective adjustments7 Parallel accounting posting logic: Full vs. Delta8 Cut-over approach (into and out of parallel accounting period) with decommissioning ofprevious / old GAAP9 IFRS Opening Balance entry/adjustments (where, when and how)10 Dual Reporting (where and how + reconciliation needs)18