Customizing IFRS

Hello Experts
In our company we need to do Implementation IFRS(International Financial Reporting Standards) , Kindly guide in me in going forward for this IFRS Implementation and Kindly provide me some Configuration Material on mail.
Thanks
Kumar Raja

Dear Kumar
Before Implementaiton of IFRS in SAP, the few of the following points are to finalized with client.
(a) IFRS reporting can be addressed to either parallel accounting principle (non-leading ledger) or GL base principle (by reserving seperate group of GL codes in chart of accounts)
(b) Which reporting is main reporting for the group company ? (Whether IFRS is main reporting / IAS / US GAAP etc)
(c) List down the requirements of IFRS which are different to the legal reporting
(d) What is the financial reporting period under IFRS and Legal ? Is these two are different?
(e) Please note that, the IFRS impacts  are not same for all industries. It varies from the industry to industry.
(f) Later start search the information in the forms / blogs in sdn.sap.com
Hope this will help to you
Regards
Anilkumar

Similar Messages

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    Thanks for the answer, but then I cannot take the net of the customer contribution,  the requirement is to show both the company contribution and customer contribution both in the balanace sheet/ profit and loss account

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    HI
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  • Comparison parallel ledger app. with parallel account app. in terms of IFRS

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    Hi,
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  • How to implement IFRS requirement?

    Hello SAP Gurus,
    Good day.
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    Hi Expert,
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    http://wiki.sdn.sap.com/wiki/display/IFRS/ImplementingIFRSatSAPQandA
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    GK
    SAP

  • IFRS as a Leading ledger

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    Krishna Kishore

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    *assign points if useful

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