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Successful businesses around the globe have shown time and again that what at first glance may appear as a difficult and costly change in regulation can be an opportunity for efficiency and market growth. The same is true of the move to International Financial Reporting Standards (IFRS). Innovative and successful organizations around the world have seized the opportunity that IFRS flexibility offers to rationalize and improve accounting procedures, and align the fiscal policies with reporting structures and internal processes. This white paper presents how to prepare IFRS including what technology considerations to keep in mind.
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