IFRS 9 impairment calculations are orders of magnitude more complex than IAS39 calculations. Not all frameworks will process data quickly enough to produce accurate provisions within strict, month-end reporting deadlines. Download now to learn more.
To meet evolving regulatory mandates, companies around the world are adopting International Financial Reporting Standards (IFRS), a set of methodologies and disclosure requirements for the preparation and presentation of financial statements. Yet making the transition to IFRS is not just a rote accounting exercise.
Many US companies find themselves acting like Wait-and-See, Inc. They interpret the switch from US Generally
Accepted Accounting Principles (GAAP) to IFRS as a matter of compliance rather than an opportunity to become more globally competitive by improving key internal processes.
A good financial and accounting system should propel your business forward. It should give you the specific insights you need to spot the storms ahead, help you maximize resources with streamlined processes, and be nimble enough to help you navigate the changing currents of today's business environment. Download this white paper to make sure you have the facts straight about what to look for-and what to look out for.