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Is webERP IFRS Compliant - Printable Version

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Is webERP IFRS Compliant - ojobello - 06-11-2012


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.


RE: Is webERP IFRS Compliant - phil - 06-11-2012

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.