webERP Forum

Full Version: Is webERP IFRS Compliant
You're currently viewing a stripped down version of our content. View the full version with proper formatting.

I have had prospective clients asking lately if webERP is IFRS compliant. Does anyone know what this means from a software point of view and if webERP actually means this requirement.

IFRS = International Financial Reporting Standards
These standards are mostly about disclosure requirements in reported financial statements - when to provide for imparement etc - so it is not really the accounting system that needs to be IFRS compliant so much as the how transactions are accounted for and details disclosed in the financial statements.