This new blog refers to a series of four blogs dedicated to IFRS adoption for consolidated statements previously published in March 2010. 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 cover the following topics:
- IFRS Adoption In Consolidated Statements – Part 1: Approaches in IFRS adoption
- IFRS Adoption In Consolidated Statements – Part 2: Business issues to deal with in financial reporting systems.
- IFRS Adoption In Consolidated Statements – Part 3: How to face the challenge - The starter kit for IFRS as a starting point
- IFRS Adoption In Consolidated Statements – Part 4: How to face the challenge - Key implementation templates
This series based on a How to-guide is now available with a new version of the document. This new version takes into account the updates included in the last version of the Starter Kit for IFRS (SP3).
"IFRS Adoption in Consolidated Statements with SAP® BusinessObjectsTM Financial Consolidation, Starter Kit for IFRS"
These blogs have been written by members of the SAP LOB EPM (Line of Business Enterprise Performance Management) Starter Kits & Innovations team that develops starter kits on top of SAP financial consolidation products, Financial Consolidation (FC) and Business Planning and Consolidation (BPC). The starter kits are preconfigured contents created to deliver business logic, to speed-up the application deployment and to provide guidance to help maximize advantages of the product. The contents provided in the starter kits consist of reports, controls and rules for performing, validating and publishing a legal consolidation in accordance with IFRS. SAP starter kits for IFRS are provided to BPC/FC customers at no additional charge; they can be downloaded from SAP service market place at http://help.sap.com/.
Acknowledgements to Fabienne Rojo, Patricia Meteil-Dutartre and Laetitia Lamoureux from the LOB EPM SK&I team for their high contribution to the "How-to guide" paper.
To find out more about Starter Kits & Innovations materials, go to the Starter kit for SAP BusinessObjects solutions Wiki
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