Revenue and Expense Deferrals is an often-overlooked module within Microsoft Dynamics GP that is highly useful for amortizing revenue and expenses related to annual software maintenance plans, insurance policy costs, annual licensing costs, and other assets such as goodwill.
continue reading...Posts Tagged ‘IFRS’
IFRS Accounting – How Do You Duplicate Your Database?”
Duplicating your Microsoft Dynamics® GP database facilitates consolidated reporting. Typically, we are concerned with 75% of companies using Microsoft SQL and the other 25% using Oracle SQL or Pervasive SQL. We don’t include “QuickBooks SQL” because QuickBooks is not a real Standard Query Language, and there are a mud-puddle-size pool of public companies using QuickBooks. [...]
continue reading...IFRS Accounting – Where Do You Start?
Your answer depends upon the number of layers you want to affect in your system. The first step in analyzing your software systems is to determine the source of transactions and at what point you want to be able to diverge reporting between GAAP and IFRS (International Financial Reporting Standards). Consider a system diagram: Three [...]
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