PricewaterhouseCooper IFRS White Paper - "IFRS is on the horizon: Are your systems ready?"
By Tony Ouk on Oct 20, 2009
PwC recently published a white paper about getting your Oracle E-Business Suite environment ready to meet IFRS reporting requirements
Here's a description of the white paper taken from the PwC website:
"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."