, “I’m hopeful that we’re on track for a few months’ time.” He declined to get more precise. February 20th, he continued his optimistic approach stating, “.”
, outside the Practising Law Institute’s annual SEC Speaks conference said on February 24th, “I don’t feel any pressure at all to go along with anybody.”
So who’s going to win, you might ask?
Most European countries, and more than 100 countries worldwide, utilize accounting standards from the International Accounting Standards Board (IASB). With its economic clout, if the US gets on board, many other countries will likely follow. However, the IASB is getting impatient.
The IASB is comprised of representatives of both member countries who use IFRS and those who don’t use IFRS. “One of the groups’ was to limit IASB membership to nations that use international accounting standards. The change could threaten the U.S.’s role in the organization if IFRS isn’t adopted by next year.”
So if you’re dragging your feet whether to put the change in motion, or if you need IFRS financial statements now because your company is reporting to investors outside of the U.S., rest assured Microsoft Dynamics GP can meet your needs. Dynamics GP has one of the most functional and flexible general ledgers of all mid-market ERP systems.
By Gloria Braunschweig, The IFRS Implementation Expert for Dynamics GP, with Computeration, a Pacific Northwest Microsoft Dynamics GP Partner.
Computeration specializes in ways to enhance your company’s solutions with Microsoft Dynamics GP in Idaho, Oregon, and Southwest Washington, with clients around the world,
by Computeration
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