Suggestions on IFRS Reporting?

[Former Member]

Hi,

Our company is thinking to go for New G/L Implementation in SAP. we are on ECC6.0 I want to understand certain points for it:

1) Can it done in house or we have to have to hire he SAP expert for that. If so, then how much is the approx cost.

2) How can we achieve Segement reporting for IFRS and US GAAP?  Can it be done through standard SAP without any external requirement.

3) Is it necessary to get the data migration done from SAP expert.

Thanks in advance....

Regards

Nitin

[former_member193513 · Accepted solution]

Hi Nitin

Please find the below reply to your question

1) Can it done in house or we have to have to hire he SAP expert for that. If so, then how much is the approx cost.

--> If you think your In house staff are having sufficient expertise in SAP then no need to go for SAP expert, but it is always advisable o go for expert as he will be having well knowledge in SAP in new gl as well as its impact on the other parts in SAP

2) How can we achieve Segement reporting for IFRS and US GAAP?  Can it be done through standard SAP without any external requirement.

-- > We can achive segment reporting in Standard SAP itself. Use the below path for defining segment SPRO -- Enterprise structure -- Definition -- Financial accounting -- Define segment

Use document spliting functionality as well which will help in segment reporting

3) Is it necessary to get the data migration done from SAP expert.

Previous data is needed, so it is advisable to have the data get migrated

Hope it will help you

Regards

Prasad

[Former Member · Accepted solution]

Thanks alot for your kind reply Prasad,

You have answered my question very well.

Regards

Nitin