IFRS

Financial consolidation is a critical foundation of any organization’s performance management activities. The IFRS starter kit enables the business user to quickly and cost effectively move the organization toward International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) compliance using pre-configured application content embedded with best practices and know-how.
SAP BusinessObjects IFRS Starter kit works together with SAP consolidation and financial reporting applications. Preparers first assemble financial reports using SAP BusinessObjects Planning and Consolidation (BPC) application.
IFRS Starter Kit Comprehensive Functionality

A pre-built solution to perform statutory consolidations

•  Data entry schedules, rules, control reports, audit-trail, Business Process Flows (BPFs)
• Core consolidation engine with pre-configured rules and calculations
• Functional Best Practices & performance optimization

A business solution that complies with IFRS Standards and XBRL Taxonomy

• Chart of accounts in accordance with IFRS
• Financial statements in accordance with IFRS
• XBRL template

A project solution to accelerate and secure the implementation of consolidation related features in a project

• A dynamic configuration ensuring fast and easy enhancement of the application
• Standard Chart of Accounts adaptable to business specific accounts
• Control and validation of custom business rules
• Documentation