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Is webERP IFRS Compliant
06-11-2012, 05:13 AM,
Is webERP IFRS Compliant

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.

06-11-2012, 11:46 AM,
RE: Is webERP IFRS Compliant
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.
Phil Daintree
webERP Admin
Logic Works Ltd

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