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’
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,