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Saturday, January 23, 2010

Other IAS handled by SAP

IAS 14: Segment Reporting. SAP applications have the financial accounting and profit-center accounting functionality needed to provide a robust and flexible basis for both your management reporting and segment reporting needs. Enhanced consolidation systems functionality in SAP.

Business Objects Business Planning and Consolidation supports all management consolidations for segment reporting purposes.

IAS 22: Business Combinations: SAP ERP Financials supports a broad variety of consolidation methods compatible with IFRS. Additional functionality within SAP Business Objects Business Planning and Consolidation enables analysis of potential business impacts from all IFRS-related decisions.

IAS 21: Foreign Currency: SAP software fully supports multiple currencies so that business transactions can be recorded in both transaction and functional currencies as they occur, rather than after the fact. Comprehensive drill-down functions ensure that the original currency and the exchange rate employed are always available. SAP software also provides functions for the revaluation of foreign currency items at market rates on the balance sheet date – and supports the translation of foreign currency financial statements in consolidation.

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