Systems on standby?
28 August 2012
This article explores the impact on financial software systems of the requirements of IFRS – and reminds managers that it is their job to handle the changes, not their auditors’.
The adoption of IFRS on 1 January 2005 will have a dramatic effect on the way EU-listed companies report their finances and on the finance managers responsible for setting up their finance systems to handle the changes.
A survey of 600 finance managers, carried out recently by software supplier SAP indicates that many have not begun to consider how they will do...