SAP Network Blog: Which IFRS are needed for your SEM-BCS?

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I was planning on writing about goodwill, but actually came up with a different idea. One particular item, goodwill, continues to be one of the most complicated areas of business consolidations, but before tackling it, maybe we should have a look at which IFRS and IAS statements are most relevant to BCS. I am benefiting from EU page where all unofficial IAS and IFRS documents are stored and available for download, but I'm not endorsing this particular source, but simply note that it's there. To get authoritative announcement you will probably have to work with your company auditor.

My primary source for the percentage weights is the SAP IFRS book referenced here. Next is the list of IFRS and IAS that are relevant for SAP-BCS followed with the actual IFRS and IAS table as they are currently published.

IFRS 1, 3, 5, 8

IAS 1, 2, 10, 12, 16, 18, 19, 21, 27, 28, 31, 32, 34, 36, 38, 39, 40

IFRS 1	First-time Adoption of International Financial Reporting Standards	3%
IFRS 2	Share-based Payment
IFRS 3	Business Combinations	15%
IFRS 4	Insurance Contracts
IFRS 5	Non-current Assets Held for Sale and Discontinued Operations	3%
IFRS 6	Exploration for and evaluation of Mineral Resources
IFRS 7	Financial Instruments: Disclosures
IFRS 8	Operating Segments	3%
IAS 1	Presentation of Financial Statements	3%
IAS 2	Inventories	2%
IAS 7	Cash Flow Statements
IAS 8	Accounting Policies, Changes in Accounting Estimates and Errors
IAS 10	Events After the Balance Sheet Date	3%
IAS 11	Construction Contracts
IAS 12	Income Taxes	10%
IAS 16	Property, Plant and Equipment	3%
IAS 17	Leases
IAS 18	Revenue	3%
IAS 19	Employee Benefits	1%
IAS 20	Accounting for Government Grants and Disclosure of Government Assistance
IAS 21	The Effects of Changes in Foreign Exchange Rates	5%
IAS 23	Borrowing Costs
IAS 24	Related Party Disclosures
IAS 25	Accounting and Reporting by Retirement Benefit Plans
IAS 27	Consolidated and Separate Financial Statements	3%
IAS 28	Investments in Associates	5%
IAS 29	Financial Reporting in Hyperinflationary Economies
IAS 31	Interests in Joint Ventures	3%
IAS 32	Financial Instruments: Presentation	1%
IAS 33	Earnings per Share
IAS 34	Interim Financial Reporting	3%
IAS 36	Impairment of Assets	20%
IAS 37	Provisions, Contingent Liabilities and Contingent Assets	2%
IAS 38	Intangible Assets	3%
IAS 39	Financial Instruments: Recognition and Measurement	4%
IAS 40	Investment Property	2%
IAS 41	Agriculture

greg misiorek is an independent practitioner with 10 years of sap experience with top tier companies, cpa, mba, pmp.

Which IFRS are needed for your SEM-BCS? greg misiorek Business Card Company: bis llc Posted on Nov. 01, 2009 12:41 PM in Beyond SAP, BI Accelerator, Business Intelligence (BI), International Financial Reporting Standard (IFRS)

Which IFRS are needed for your SEM-BCS?
greg misiorek
Business Card
Company: bis llc
Posted on Nov. 01, 2009 12:41 PM in Beyond SAP, BI Accelerator, Business Intelligence (BI), International Financial Reporting Standard (IFRS)