This is the second blog on IFRS Accounting with Microsoft Dynamics® GP: Cash Flow Statements. We first examined Direct Methods and now we’ll look at Indirect Methods followed by a discussion on the Benefit of Direct over Indirect. . Indirect Method Using the more common method in the U.S.—GAAP-compliant financial statements prepared with the Indirect [...]
continue reading...Posts Tagged ‘deploying IFRS’
IFRS Accounting with Microsoft Dynamics® GP: Cash Flow Statements – InDirect Methods…and the Benefit of Direct over Indirect
April 12, 2011 · Gloria Braunschweig, Computeration · No Comments
Tags: cash flow statements, Computeration, deploying IFRS, gaap, Idaho, IFRS Implementation, IFRS International Financial Reporting Standards, Microsoft Dynamics, Microsoft Dynamics GP, Microsoft Dynamics GP partner, The IFRS Implementation Expert for Dynamics GP
Posted in About Microsoft Dynamics GP, ERP Software Information |
IFRS Accounting with Microsoft Dynamics® GP: Cash Flow Statements – Direct Methods
March 30, 2011 · Gloria Braunschweig, Computeration · 2 Comments
IFRS statements place more weight on the Statement of Cash Flow and require it to be presented using the Direct Method; therefore, this blog warrants a discussion on how to more easily produce a Statement of Cash Flow based on the Direct Method then contrasts it with the technical preparation using the Indirect Method.
continue reading...Tags: Cash flow watatements, Computeration, deploying IFRS, Idaho Microsoft Dynamics GP Partner, IFRS Implementation, IFRS International Financial Reporting Standards, Microsoft Dynamics GP, Microsoft Dynamics GP partner, The IFRS Implementation Expert for Dynamics GP
Posted in ERP Software Information |
IFRS Accounting with Microsoft Dynamics® GP: Existing Microsoft Dynamics® GP Transaction Origins Capable of Simplifying IFRS Entries
March 14, 2011 · Gloria Braunschweig, Computeration · 2 Comments
Many existing transaction origins within Microsoft Dynamics® GP are capable of facilitating rapid creation of adjusting entries to transition financial and analysis reports between GAAP and IFRS. These transaction origins are best utilized with one of these three methods: Parallel set of accounts Accounts with a dimension Classified Transactions within the chart of accounts . [...]
continue reading...Tags: Accounts with a dimension, Classified Transactions within the chart of accounts, Computeration, deploying IFRS, Fixed Asset Books, Idaho, IFRS, IFRS Implementation, IFRS International Financial Reporting Standards, Microsoft Dynamics GP, Microsoft Dynamics GP partner, Parallel set of accounts, Recurring Journal Entries, Revenue/Expense Deferrals
Posted in About Microsoft Dynamics GP, ERP Software Information |
IFRS Accounting with Microsoft Dynamics® GP: Functional and Strategic Challenges of Implementing the Chosen Methodology
March 1, 2011 · Gloria Braunschweig, Computeration · No Comments
Functional Challenges of Implementing the Chosen Methodology With multiple methods of implementing a transition from GAAP to IFRS financial statements, at the core is the need for a flexible information management system. Multiple external and internal reports are typically required. IFRS transaction identifiers must meet a company’s unique needs while not interfering with other needs. [...]
continue reading...Tags: Computeration, deploying IFRS, gaap, Idaho Microsoft Dynamics GP Partner, IFRS Implementation, IFRS International Financial Reporting Standards, Microsoft Dynamics GP, Microsoft Dynamics GP partner, The IFRS Implementation Expert for Dynamics GP
Posted in About Microsoft Dynamics GP, ERP Software Information |
IFRS Accounting with Microsoft Dynamics® GP: Sub-ledger Transaction Level (Part 3) Classifying Transactions by Ledger and A Hybrid Approach
February 9, 2011 · Gloria Braunschweig, Computeration · No Comments
In this blog, we examine the final two of five available methods of deploying IFRS at the Sub-level Transaction Level. Missed our first two discussions? Click here to see Sub-ledger Transaction Level (Part 1): Duplicating your Database or click here to see the Sub-ledger Transaction Level (Part 2): Adding a Parallel Set of Accounts and [...]
continue reading...Tags: classifying transactions by ledger, Computeration, deploying IFRS, deployment methods, gaap, Hybrid Approach, Idaho Microsoft Dynamics GP Partner, IFRS, IFRS International Financial Reporting Standards, Microsoft Dynamics® GP, Sub-ledger transaction
Posted in About Microsoft Dynamics GP, ERP Software Information |
IFRS Accounting with Microsoft Dynamics GP®: Sub-ledger Transaction Level (Part 1)
January 19, 2011 · Gloria Braunschweig, Computeration · No Comments
This blog begins a 3-part examination of IFRS Accounting: Sub-ledger Transaction Level and the 5 Available Methods of Deployment. First we’ll look at the Sub-ledger Transaction level and take a look at the first available method of deployment, Duplicating Your Database. Systems capable of sub-ledger transaction level of deployment of IFRS and GAAP are generally [...]
continue reading...Tags: adding dimension to chart of accounts, adding parallel set of accounts, classifying transactions by ledger, Computeration, deploying IFRS, deployment methods, duplicating database, gaap, Idaho, Idaho Microsoft Dynamics GP Partner, IFRS Implementation, IFRS International Financial Reporting Standards, Microsoft Dynamics GP, Microsoft Dynamics GP partner, Sub-ledger transaction, The IFRS Implementation Expert for Dynamics GP
Posted in About Microsoft Dynamics GP, ERP Software Information |
IFRS Accounting with Microsoft Dynamics GP®: Where Do You Start?
January 13, 2011 · Gloria Braunschweig, Computeration · No Comments
Due to the volume of responses and question we’ve been receiving on our IFRS series, we’d like to step back and start with an enhanced version that answers many of your questions. The first step in analyzing your software systems is to determine the source of transactions and at what point you want to be [...]
continue reading...Tags: deploying IFRS, gaap, Idaho, IFRS International Financial Reporting Standards, Microsoft Dynamics GP, Microsoft Dynamics GP partner, The IFRS Implementation Expert for Dynamics GP
Posted in About Microsoft Dynamics GP, ERP Software Information |
