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IFRS in SAP

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(Querist)
14 August 2010 1. Whether simply configuration of NL (Non-leading Leadger) in SAP will serve the purpose of implementation IFRS in SAP?
2. What sort of preparations reuired for first time adoption of IFRS in SAP System ?
3. Whether the normal accounting entries of FICO will automatically be entered into NL ? Or whether there is requirements of any special transaction codes for updation of NL ?
4. What is the type of reporting structure in NL as per IFRS requirements ?
5. Any additional precautions to be considerd in SAP configuation ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
20 August 2010 My view, still SAP not come out with the IFRS implementation module, you need to ask your implemetation team for the same, they will give better idea
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