IFRS is on the horizon: Are your systems ready?
Getting your Oracle® E-Business Suite environment ready to meet IFRS reporting requirements
Download IFRS is on the horizon: Are your systems ready?
Since technology is a key enabler in the transition to IFRS, companies should focus on their systems readiness. Most organizations will undergo a phased embedding process. Therefore, the ability to produce reports in both US GAAP and IFRS will be necessary until there is a complete global shift to IFRS for statutory and tax reporting purposes
Recognizing that changes to technology cannot be avoided, forward-looking companies are taking steps now to gain an understanding of how well their existing systems can support IFRS compliance — or not! This paper addresses the impact of IFRS on Oracle EBS, drilling down into available approaches and options.