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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / IFRS implementation
Microsoft Dynamics AX (Archived)

IFRS implementation

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Posted on by Community Member

Hi,

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

Thank you in advance

Br

Kacper

*This post is locked for comments

  • Enrique Lechuga Profile Picture
    Enrique Lechuga on at
    RE: IFRS implementation

    Thanks a lot, Umesh!

  • Verified answer
    Umesh Pandit Profile Picture
    Umesh Pandit 9,303 User Group Leader on at
    RE: IFRS implementation

    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

  • Enrique Lechuga Profile Picture
    Enrique Lechuga on at
    RE: IFRS implementation

    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

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: IFRS implementation

    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

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