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| Accounting StandardsGlobal Business Needs Global StandardsAfter the first implemetation of the IFRS (International Financial Reporting Standards) in 1998 and their broadened implementation in 2005, initially there were just some 7000 liested enterprises bound to balance according to the regulations of the IFRS. For many of these companies it ws already the second adjustment after the US-GAAP (United States Generally Accepted Accounting Principles) and it meant a big challenge to draw up a reporting by market segments with parallel valuation rates, especially in zebra companies. Based upon the existent business-related requirements, the supporting IT systems also revealed weak spots. The new general ledger of SAP replies to this challenge and IM&C has already realized some requirements in this domain.Most of the ERP systems realize parallel valuations in different application areas (assets, inventory, cost center accounting, financial statement) in a different way, if at all. The SAP system requires to define the one leading evaluation when customizing. Furthermore it is necessary to analyze the customers’ needs concerning interfaces, i.e. between inventory and assets. The continuous transfer of parallel data with regard to an integrated corporate accounting is highly dependent on customizing and in fewest instances it is sure. IM&C is well-experienced in the conceptual design and implementation of company-wide value levels.
Here you can download the study (in German) | NewsGerman E3 magazineInterview: "Don't leave it to the accountants"
Global Connect AwardIM&C nominated in the category "Hidden Champion".
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