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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