A Dual Reporting Approach to IFRS
The implementation of International Financial Reporting Standards (IFRS) will result in detailed disclosures that provide accurate valuations and risk exposure of companies. An assessment of its impact on business practices and processes helps define a custom solution or modify the ERP package for IFRS adoption, according to Infosys' experts.
Our experts blog on a robust strategy for dual reporting to enable companies migrate from Generally Accepted Accounting Principles (GAAP) to IFRS accounting standards. The holistic approach accounts for the degree of automation in business processes, expansion across geographies, change management, and unique business practices.
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IFRS Adoption - To Wait and Watch Or Start?
An analysis of the impact of IFRS on current and future operations will help determine the strategy and timelines for implementation.
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IFRS Could Change a Company's Financial Statements Forever
The higher degree of disclosure will increase the complexity of financial statements but help investors manage risk.
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IFRS - Are you Ready for Dual Reporting?
A majority of ERP solutions do not support dual reporting in sub-ledgers. How can companies address the challenge and ensure a smooth transition to IFRS?
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