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Author's profile photo Patricia METEIL-DUTARTRE

How SAP® Financial Consolidation, starter kit meets IFRS requirements – Update

SAP BusinessObjects Financial Consolidation is part of SAP enterprise performance management (EPM) solutions. This product addresses financial consolidation requirements and can be integrated into both SAP and non-SAP software environments and can load data from any general ledger application.

SAP starter kit for IFRS is a complete configuration on top of SAP BusinessObjects Financial Consolidation – from data collection to publishing of financial statements – designated to perform, validate and publish a statutory consolidation in accordance with IFRS (International Financial Reporting Standards). Using both product and functional best practices, the starter kit for IFRS ensures optimal performance, better usabitlity and facilitated customer enhancement.

This document describes how SAP BusinessObjects Financial Consolidation starter kit for IFRS has been configured to meet IFRS requirements. This update is based on the applicable IFRS at 1 January 2016. For each standard, a reminder of the main requirements is presented and followed by the practical consequences in the starter kit.

This document is available on our SAP Help Portal (Select Financial Consolidation in the product list and version 10.0 or 10.1 in the release list).

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