Is webERP IFRS Compliant

[ojobello]

Hi,

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.

Dare

[phil]

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.