This book is the roadmap your conversion project team needs to prepare your SAP ERP Financials systems for conversion to IFRS. It includes detailed coverage of the transition process, an overview of the US GAAP/IFRS deltas and how they are mapped in ERP Financials, and real-world advice from an IFRS conversion project at a large petrochemical company. With this concise guide, you’ll give your finance professionals, executives, technical staff, project managers, and consultants a real jumpstart to IFRS projects in upgrade or non-upgrade scenarios.

The major highlights of the book include: a full chapter on the deltas between US GAAP and IFRS and how ERP Financials functionality maps to those deltas; an example-driven chapter on building a conversion project plan, including timelines, project phases, and upgrade paths; a chapter-length case study on an IFRS transition with SAP General Ledger Migration at a large petrochemical company. The book will also feature the type of expert content that only comes with real-world experience. For example, while the book will be strongly oriented toward transitioning to IFRS with the SAP General Ledger, the author will also include content for transitioning to IFRS using parallel accounts in the classic GL.

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