IFRS Starter KIT

[Former Member]

Hi,

I believe IFRS starter kit comes with a standard chart of accounts as per IFRS requirement. Pleaes could you confirm that we can use our own CoA instead of that?

regards

SSC

[fabienne_rojo]

Hi,

You can find useful hints that can help you to enhance the IFRS Starter kits configurations in the Configuration Design documentations at the following locations:

-[For the IFRS starter kit for Financial consolidation|http://help.sap.com/businessobject/product_guides/bofc10/en/FC10_SK_IFRS_DesDesc_en.pdf ]. A chapter of this documentation is dedicated to u201CEnhancement principlesu201D

- http://help.sap.com > Business user > EPM solution > Planning and consolidation > SAP BusinessObjects Planning and Consolidation 7.5, version for SAP NetWeaver > Installation, Upgrade, Master, and Operations Guides* > SBOP Plan & Consol - Starter Kit Configuration Design

- http://help.sap.com > Business user > EPM solution > Planning and consolidation > SAP BusinessObjects Planning and Consolidation 7.5, version for the Microsoft platform > Installation, Upgrade, Master, and Operations Guides* > SBOP Plan & Consol 7.5 M Starter Kit Configuration Design

(*) You need an authorized user ID to access this information on service market place

Would you need further information, or real-time update on all new IFRS/XBRL assets for SAP BusinessObjects solutions I would recommend you join the following social media by clicking on the link:

-[ Facebook|http://www.facebook.com/sapifrs ]

-[ Twitter|http://twitter.com/SAP_IFRS_XBRL ]

- [ LinkedIn|http://www.linkedin.com/groups?mostPopular=&gid=1851849]

Kind regard

Fabienne Rojo

Edited by: Fabienne Rojo on Mar 3, 2011 1:47 PM

[Former Member]

Hi,

The Statutory and Regulatory Reporting expects the reports to be disclosed in the set of standards that were defined by IFRS. Hence I recommend to map/interface the COA codes between your organization and the IFRS which would result in complying the Statutory and Regulatory Reporting requirements.

Hope this information will help you.

Regards,

R K

[Former Member]

Hi Sapsem Con

As there is a possibility of using your own CoA subject to the following precautions are to be taken, when you are configuring using your COA as per new IFRS starter kit standard chart of accounts:

01.Statutory Reporting

02.Reporting Packages

and with better understanding about

01.Global & Statutory Reporting Requirements

02.Internal Controls and Processes

03.Focus on preparing necessary Documentation

04. And with proper Testing

Last but not least,, have in hand a gap analysis/comparison structure of IFRS and GAAP , as per your organisation structure.

Hope my understanding will help you for some extent.

Thanks & Regards

ukraghu

[former_member209721]

Yes it comes with a pre-configured CoA.

You could replace it by your own CoA, but that means that you need to analyze all the impacts it could have on the configuration (Business rules, input layouts, reportings...). This might require important efforts and time...

[Former Member]

Hi Experts,

Any comments?

BR,

SSC