IFRS
Elevate Your Business with SAP Expertise.
How It Works
Effortless IFRS Compliance within SAP
ESM’s IFRS solution is designed for companies with IFRS obligations, providing a reportable and adaptable system within SAP. By harmonizing accounting postings and reports, it enables the creation of a second trial balance and ledger system that meets International Financial Reporting Standards (IFRS) requirements.
Financial transactions, including loans, financial liabilities, leases, and derivative instruments, are reflected in IFRS tables, ensuring proper compliance.
Accrual income and expenses are calculated based on the chosen method, while employee benefits like social security and retirement funds are managed according to IFRS.
Postings related to shareholders’ equity, investments, taxes, and fixed asset depreciation are conducted manually or automatically, aligning with IFRS-specific guidelines.
Key Benefits
Seamless Compliance and Reporting
Perform IFRS conversion and reporting processes quickly and accurately within SAP.
SAP postings are automatically aligned with IFRS requirements, ensuring smooth compliance.
IFRS offers a unified framework to analyze and compare your company’s financial status globally.