Technology Implications of IFRS adoption for U.S. Companies
More than a technical accounting change
International Financial Reporting Standards (IFRS) adoption will have a significant impact on accounting and financial reporting functions, but it will also have an extended impact on other areas of the organization, including technology and systems. In this publication, we explore these technology implications associated with IFRS conversion and discuss:
Evaluating the potential technology impact
How companies can prepare technology and systems changes related to IFRS adoption
Major differences between U.S. Generally Accepted Accounting Principles (GAAP) and IFRS differences and what it means for systems
Key IFRS discoveries from some companies around the globe
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