White Papers

The Implications of the International Financial Reporting Standards (IFRS) on Finance Systems

• Tags:
• body,
• standards,
• international,
• accounting

Overview BASDA is the representative body for 250 of the largest software developers in the world. This white paper provides the definitive reference for the implementation of the International Financial Reporting Standard (IFRS) in business systems. The International Accounting Standards Board (IASB) has issued a wide range of International Accounting Standards (IAS) over the past years that, along with recent improvements and additions, collectively make up the body of requirements for IFRS. This white paper looks at each individual standard and draw attention to any requirements relating to accounting software that will be required to satisfactorily meet the accounting and disclosure requirements stipulated.

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