Microsoft Dynamics AX (Archived)

IFRS implementation

(0) Share

Report

Posted on by Community Member

Hi,

I am looking for some information how to implement IFRS in Dynamics AX 2012.

Thank you in advance

Kacper

*This post is locked for comments

I have the same question (0)

All responses (4)

Answers (1)

Ludwig Reinhard Microsoft Employee on at

Like (0)

Report

Hello Kacper,

You need to provide some additional information here as AX can basically handle any kind of accounting standard, such as IFRS, US-GAAP, etc.

I assume that you plan to implement something in parallel - some kind of local GAAP and IFRS probably?

Would be interesting to know in which areas (modules) you have differences between local GAAP and IFRS and where you want to implement a kind of parallel postings.

Best regards,

Ludwig

Was this reply helpful? Yes No
Enrique Lechuga on at

Like (0)

Report

Dear Reinhard:

Does Microsoft Dynamics AX 2012 R3 or Dynamics 365 for Operations have an automatic posting to IFRS and US GAAP ledgers as SAP does?
As far as I know, SAP enables the user to choose, by means of a "checkbox", to post any given GL entry to both ledgers considering the rules and exchange rates required. Is it possible to do so in either Dynamics AX 2012 R3 or Dynamics 365 for Operations?

Your insight will be greatly appreciated.

Warmest regards,

Enrique Lechuga

Was this reply helpful? Yes No
Verified answer

Umesh Pandit 9,315 User Group Leader on at

Like (2)

Report

Hope this links help you:

blogs.msdn.microsoft.com/.../microsoft-dynamics-ax-2012-r3-support-for-international-financial-reporting-standards-ifrs

www.scribd.com/.../Microsoft-Dynamics-AX-2012-R3-Support-for-IFRS

Was this reply helpful? Yes No
Enrique Lechuga on at

Like (0)

Report

Thanks a lot, Umesh!

Was this reply helpful? Yes No