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SAP’s Financial Reporting: A Voyage to IFRS

 On December 31, 2009 SAP will discontinue its financial reporting under U.S. GAAP and going forward only report under IFRS. With this date a multi-year voyage reaches its destination. The voyage started with the preparation for the introduction of IFRS in 2004 and continued through four years of parallel reporting under U.S. GAAP and IFRS (plus local GAAP statutory financial statements for most group entities).

In the second webinar of SAP’s four-part IFRS webinar series I will provide an overview of the strategic and operational decisions that SAP has taken at the outset and during the voyage to full IFRS. I will explain why we decided for parallel reporting under U.S. GAAP and IFRS when we introduced IFRS and why last year we took the decision to discontinue U.S. GAAP. Additonally I will provide some insight into the measures we have taken to keep at a minimum the impact that the full migration to IFRS has on the capital markets and other readers of our financial statements. I will explain the major differences between SAP’s U.S. GAAP and IFRS numbers and finally outline how we use Non GAAP and Non IFRS numbers to further reduce the impact of the migration.

To find out more and register for this and the other webinars in the series please go to the registration page

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