SAP Ecohub Webinar Series

:
The SAP Roadmap for IFRS Compliance

Pete Graham Director Solution Management, SAP James Fisher Senior Director, Solution Marketing, SAP

Agenda

A brief overview of IFRS and its implications A few comments from SAP regarding IFRS SAP ERP and IFRS adoption overview SAP BusinessObjects and IFRS adoption overview Wrap-up

Agenda

A brief overview of IFRS and its implications A few comments from SAP regarding IFRS SAP ERP and IFRS adoption overview SAP BusinessObjects and IFRS adoption overview Wrap-up

What is IFRS?

Key Points — IFRS Adoption

International Financial Accounting Standards
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Global wide standard for financial accounting and reporting Currently in use in most of the world – Europe, Japan, Australia, China, etc. – Other countries are in the process of changing from local GAAP to International Financial Reporting Standards (IFRS) US SEC has ―proposed‖ a deadline of 2014 Some companies have the option reporting in the IFRS format as early as the end of 2009 Dual Reporting begins in 2012 Requires re-statement of opening 2012 Balance Sheet to IFRS standards IFRS cutover from Local GAAP to IFRS is 2014 – Local GAAP reporting requirements will not go away – Some industries will still require Local GAAP reporting

How it affects you — Key deadlines
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Utilities, Oil and Gas — FERC reports remain US GAAP

Other key points to consider
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The IFRS ―answer‖ will be specific to your company, industry, and country – ―One size fits all‖ does not apply for IFRS Prior planning including your consulting/audit partner and SAP is essential for success

the new standards will increase comparability for investment analysis and performance measurement  Improved transparency and investor confidence   Reduced accounting complexity   US GAAP accounting rules are viewed as complex and difficult to apply IFRS in based on ―principles‖ not rules which will provide the opportunity for more clear representation of financial results  Potential process and cost efficiencies  The same financial reporting standards across the world will provide opportunities to simplify and centralize financial reporting processes and functions  Cost of capital  A single global financial reporting standard will enhance the efficiency of capital allocation and should reduce the cost of capital  Process and technology optimization ***  Converting to IFRS may provide an opportunity to improve and streamline key components of the current SAP landscapes *** System Upgrades and GL Migration Projects .Are There Any Benefits to IFRS? SAP and our Partners see these benefits  Improved quality of reporting  A globally accepted set of principles-based standards may offer opportunities to consistently apply accounting standards As use of IFRS becomes more widespread.

tax. and explain the differences / changes between the Local Accounting Standards and IFRS Broad implications   Implementation requires cross-functional team — Financial accounting. management accounting.Key IFRS Challenges IFRS implementation is not only a reporting project. Consulting Partners. There are significant impacts on:  Company organization — Both corporate and subsidiary levels  Valuation of individual business transactions  Transactional systems — May need software and hardware upgrades  End User Training – More than expected Approaching key deadlines  Early project planning and analysis leads to successful project Parallel reporting  Need to run parallel reporting to enable prior year comparisons between the Local Accounting Standard and IFRS during the transition periods  Need the ability to easily compare. IT. and SAP Services New closing process required to include additional new IFRS-specific information without increasing closing cycles Top-side adjustments at a consolidation level may not always be sufficient to meet all IFRS requirements — Some changes may be appropriate at the SAP ERP / transactional level Need to capture additional data / information to meet extensive disclosure requirements Transaction changes   . reconcile.

Quality Management SD – Sale and Distribution Planning Executions Inspections Certificates RFQ Sales Orders Pricing Picking Packing Shipping Possible Impact Need to investigate to determine magnitude Slide from Ernst & Young Manufacturing industry example .Controlling MM – Material Management AC – Asset Accounting PS – Project Systems Cost Element Cost Center Profit Centers Internal Orders ABC Costing Product Costing Requisitions Purchase Orders Good Receipts Inventory Management Bill Of Materials Master raw materials Purchasing Depreciation Sales Tracking Make to Order Plant Shut Down Third Party Billing HR – Human Resources PP – Production Planning PM – Plant Maintenance Employment History Payroll Master production scheduling Training Career Management Capacity Planning Material requirements planning Shop Floor Labor Material Down time and outages QM .Potential Impact of IFRS on an SAP Landscape From Ernst and Young SAP modules FI .Financial General Ledger Book Close Process Areas Accounts Receivable Accounts Payable Tax Consolidations SPL CO .

Raw Material Hedges Extensive use of leases. PP&E. Advertising. Inventories. Financial Instruments. Inventory. Contingencies and Provisions (Product Liability) Intangibles (R&D). Asset Impairment. Inventories. Customer Loyalty Programs Insurance Contracts.IFRS Impacts to Our Clients – Industry Insights From Accenture More research is required but our hypothesis is that certain industries will be impacted more than others due to IFRS. PP&E Revenue recognition – project accounting. Intangibles (R&D). OG Industry Level of Impact H M M H M H H H M H Key Drivers CGS Airline Industrial Equipment Products Retail Travel HLS Automotive Banking Financial Services Capital Markets Insurance Inventory. Derivatives. Financial Disclosure Reporting Slide from Accenture . Contingencies and Provisions (Loss Contracts and Restructuring) Financial Instruments. PP&E Leases. Asset-backed Securities Financial instruments. derivatives. LIFO reserves. PP&E. Restructuring. Leases Business Combinations. Revenue Recognition. PP&E. Asset Impairment (Store closures). Asset Impairment. Taxes PP&E. Advertising. fuel hedges. Revenue Recognition.

IFRS Impacts to Our Clients – Industry Insights From Accenture (cont.) OG Industry Level of Impact L L L M H Key Drivers Forest Products Freight-Logistics Metals Mining Resources Utilities LIFO. Impairment Testing. Revenue. Asset Impairment Building Materials Media and Entertainment Communications CHT Aerospace and Defense Electronics and High Tech L L M M H Slide from Accenture . Taxation. Borrowing Costs Chemicals Energy M H PP&E. Environmental Liabilities. Leases PP&E. Environmental Provisions. Leases. Leases. Real Estate. R&D. Revenue Recognition – project accounting. Provisions. Derivatives. Joint ventures LIFO reserves PP&E. Depletion Accounting. Intangibles (R&D). real estate PP&E. Advertising. PP&E. Leases PP&E. Derivatives LIFO. Revenue Recognition – multiple element arrangements. PP&E PP&E. Derivatives (hedges). Customer Loyalty Programs PP&E. PP&E. Taxes. hedges Intangible Assets – impairment testing. Impairment Testing. R&D. Revenue Recognition. LIFO PP&E. Intangibles. Asset Impairments. LIFO. Revenue Recognition – project accounting R&D. Impairment Testing. Business Combinations. Leases. Revenue Recognition – multiple element arrangements. R&D. Reserves. LIFO. Joint Ventures.

Agenda A brief overview of IFRS and its implications A few comments from SAP regarding IFRS SAP ERP and IFRS adoption overview SAP BusinessObjects and IFRS adoption overview Wrap-up .

Why is SAP the best choice for IFRS?    SAP offers the most complete IFRS solution. and technology A smooth phased transition to IFRS must leverage technology as an enabler Impacted systems include financial consolidation and reporting applications. and sub-ledgers 800+ financial consolidation and reporting implementations 4.it impacts people. integrated ledger and consolidation applications   Proven install base of customers already reporting according to IFRS    Agile solutions and content offer quickest wins for customers adopting IFRS People Phased Transition to IFRS Technology    Financial Consolidation and Reporting General Ledger Sub-ledgers Process . general ledger. addressing all facets  IFRS is more than an accounting issue .000+ general ledger implementations (includes 100+ US GAAP to IFRS conversions) SAP provides a single technology stack with support for all major architectures  SAP provides market leading. processes.

Group Close/Reporting/Consolidation Layer  SAP BusinessObjects – SAP BusinessObjects Planning and Consolidation  XBRL Publishing application  Etc. SAP Services. and our Partners can provide the necessary support for your IFRS Project Local Close/Transaction SAP ERP Layer     SAP General Ledger – Parallel Account with multi-ledgers Asset Accounting – Multi-Asset Valuation Areas Etc.SAP and IFRS Compliance Solutions and Services Standard SAP Applications. SAP Services  SAP Field Services  SAP General Ledger Migration support service  SAP Service Landscape Optimization (SLO)  Upgrade Support and Service Partner Alliances  Strong relationship with our Global Partner and Ecosystem Organization   .

e. differences IFRS/US GAAP)  Perform all reconciliation postings except those performed by CFR  Bring open issues to the attention of regional IFRS Specialist  Complete expanded reporting package and provide certification on accuracy and completeness of reconciling entries and disclosures  Support KPMG‘s audit Organization Personnel  Collects data for disclosures (via expanded reporting package)  Supports identification of IFRS/ US GAAP differences  Decides accounting for major open items Adoption of IFRS @ Regional IFRS Specialists  Collect all ambiguous issues from individual entities in the respective region  Provide guidance to solve ambiguous issues  Discuss complex issues with CFR (single point of contact in CFR for each IFRS Specialist) Consulting Partner (KPMG)  Audit – IFRS opening balance sheet – IFRS reconciliation 2006 – IFRS reconciliation 2007 and beyond – IFRS consolidated financial statements 2007 and beyond Processes Technology .For Example SAP’s own IFRS Project Looked like this … Corporate Financial Reporting  Provides guidance and training  Provides posting infrastructure  Performs certain reconciliation postings for all company codes Share-based payments and related hedge entries Local SAP Entities  Identify reconciling items (i..

GAAP operating income 979 IFRS operating income 948 © SAP 2009 / Page 13 Differences may exist due to rounding .S. GAAP to IFRS Operating Income for HY1 2009 (€ millions) Classification difference Valuation differences Discontinued operations -6 -31 Acquisition related charges -8 Restructuring -12 Other -6 U.S.Reconciling U.

Reporting Layer Dual Reporting Period Go-Live IFRS Possible System Landscape Optimization (SLO) Projects to clear Local GAAP Issues SAP Field Services + Customer – Reporting/Analytical Layer Review Existing consolidations and XBRL capabilities © SAP 2009 / Page 14 Adapt the current or deploy a new consolidation application for group reporting Go-Live with new or updated consolidation capabilities Perform consolidation reporting in both the local accounting standard and the IFRS systems Go-Live with IFRS as primary group reporting standard .0 Completed SAP General Ledger Migration Project Begin configuration Landscape for IFRS a. Customer + SAP Field Services Begin IFRS Project Planning and Local Impact to Determine SAP Landscape Solution Required Begin IFRS Project Prepare Opening Balance Sheet under IFRS rules Dual Reporting Period Ends IFRS Go-Live Date 2009 2010 SAP General Ledger Migration Completed 1st Qtr 2010 SAP General Ledger Validation Period completed by Year End 2011 2012 2013 2014 SAP Field Services + Customer – SAP ERP Layer Upgrade Project to SAP ERP 6.IFRS: Implementation Timeline – Overview Recommendations (US Timeline) Consulting/Audit Partner. Transaction Layer b.

company.Some Frequently Asked Questions SAP’s View of IFRS Typical Questions Does SAP consider the implementation of IFRS a significant project?  Yes. we do  The complexity of your project will be driven by your industry. and even country  Your current landscape status will also play a role in the complexity of your specific project  System upgrades  SAP General Ledger migration projects  SLO projects  Your IFRS project will require input and guidance from  Your consulting/audit partner  SAP Services  You own internal experts Is there a single best solution for IFRS?  No. sorry  The best solution for your company will be the result of a thorough review of your current status and the overall impact on your company when adapting to IFRS .

Some Frequently Asked Questions SAP’s View of IFRS (cont.) Typical Questions What type of support can I expect from SAP during this project?  SAP will provide application support for our products  Basically we can help with basic configuration/consolidations and reporting help  For correct interpretation of the IFRS rules and guidelines it is best you work with your consulting partner What is the first step I should take to begin this IFRS project?  SAP would suggest you contact both your consulting/audit partner and SAP for guidance and preliminary planning .

Agenda A brief overview of IFRS and its implications A few comments from SAP regarding IFRS SAP ERP and IFRS adoption overview SAP BusinessObjects and IFRS adoption overview Wrap-up .

Reporting Layer Dual Reporting Period Go-Live IFRS Possible System Landscape Optimization (SLO) Projects to clear Local GAAP Issues SAP Field Services + Customer – Reporting/Analytical Layer Review Existing consolidations and XBRL capabilities © SAP 2009 / Page 18 Adapt the current or deploy a new consolidation application for group reporting Go-Live with new or updated consolidation capabilities Perform consolidation reporting in both the local accounting standard and the IFRS systems Go-Live with IFRS as primary group reporting standard .0 Completed SAP General Ledger Migration Project Begin configuration Landscape for IFRS a. Transaction Layer b. Customer + SAP Field Services Begin IFRS Project Planning and Local Impact to Determine SAP Landscape Solution Required Begin IFRS Project Prepare Opening Balance Sheet under IFRS rules Dual Reporting Period Ends IFRS Go-Live Date 2009 2010 SAP General Ledger Migration Completed 1st Qtr 2010 SAP General Ledger Validation Period completed by Year End 2011 2012 2013 2014 SAP Field Services + Customer – SAP ERP Layer Upgrade Project to SAP ERP 6.IFRS: Implementation Timeline – Overview Recommendations (US Timeline) Consulting/Audit Partner.

Options for SAP Solution Configuration Approaches available for multi-GAAP valuation within SAP ERP Financials Approach Account Based Parallel Ledger Classic SAP General Ledger      Easiest to implement Can lead to a less than efficient Chart of Accounts Most transparent approach Independent set of books Future IFRS requirements more easily accommodated Current recommended configuration approaches for SAP General Ledger .

Parallel Ledger Approach – Scenario 1 Applies to SAP General Ledger only Why it Works Provides IFRS and Local Accounting Standard reporting from multi-ledgers  Utilizes the best features of the SAP General Ledger  Recommended option of complex installations       Document Splitting Segment Reporting Etc.  Can be configured to meet both reporting requirements from the first go-live date  Feeds properly formatted IFRS data directly into the Reporting and Analytics layer Large differences between IFRS reporting standards and the current legal reporting standard  Implementation from the beginning of fiscal year Matches IFRS time line Simplifies reporting and requires little manual adjustment after consolidations Parallel Ledger Configuration is recommended where  Segment reporting is required  Increased number of Ledger accounts is not desirable  Complete set of separate legal reporting books is preferred  Different fiscal year is needed for different legal sets of books .

Red Oval in diagram Account Solution is recommended where  Relatively few valuation differences exist between IFRS and local GAAP  No issue with an increased number of general ledger accounts  Standard reporting is used  Different fiscal years not required .Account Based Approach – Scenario 2 Can Be Used Across All GL Versions Single Ledger How it works  Uses single ledger for all posting  Accounts are ―grouped‖ according to legal reporting requirements   Could be the Leading Ledger for SAP General Ledger Example GAAP Accounts I F R S Common Accounts G A A P  Each group of accounts must be in balance  IFRS Financial Statements report using common accounts and ―pure‖ IFRS accounts together  300000 to 400000 Operational Chart  500000 to 550000 IFRS  600000 to 650000 Local GAAP IFRS Accounts    Requires extra care to ensure correct account determination And the establishment of a coding handbook.

a new migration scenario (7) is under development  For the Asset Valuation area. you can meet the IFRS requirements without an upgrade or the installation of the SAP General Ledger  However. an SLO service will be required .0 and install the SAP General Ledger to meet the IFRS requirement?  No.  For the SAP General Ledger. the adoption of IFRS would be much easier in most cases with the most current software release installed I have just upgraded and installed the SAP General Ledger and my Leading Ledger and Asset Valuation area are set to Local GAAP. How can I make the switch to IFRS?  In this instance we would suggest using Parallel Ledgers within the SAP General Ledger  A combination of the Leading Ledger and Non-Leading Ledgers would be used to report both Local GAAP and IFRS  SAP has several services that will help make the switch from Local GAAP to IFRS within the Leading Ledger and Asset Valuation area.Some Frequently Asked Questions SAP ERP Financials Typical Questions Do I have to upgrade to SAP ERP 6.

 Which will take 2 years for the upgrade/migration and first phase of the IFRS project .) Typical Questions What is the difference between the Account Based approach and the Parallel Ledger approach?  The Account Based approach holds all legal reporting data in a single ledger   Is suggested for smaller sized installations with minimal differences between Local GAAP and IFRS requirements Will add additional account numbers to the Chart of Accounts Is suggested for larger installations with significant differences between Local GAAP and IFRS reporting May require a separate table groups for separate ledgers  The Parallel Ledger approach distributes legal reporting data to separate parallel ledgers   If I plan to upgrade to SAP ERP 6.0 and migrate to the SAP General Ledger when should I start planning the project?  In this example the time is NOW!  Overall we see an upgrade followed by a migration project to take at least a year.Some Frequently Asked Questions SAP ERP Financials (cont.  Followed by the reporting validation period after the migration weekend and the IFRS planning project would take another year.

Agenda A brief overview of IFRS and its implications A few comments from SAP regarding IFRS SAP ERP and IFRS adoption overview SAP BusinessObjects and IFRS adoption overview Wrap-up .

Implementation timeline (US) Overview and recommendations Audit Partner. Transaction Layer b. Reporting Layer Dual Reporting Period Go Live IFRS with possible SLO projects to clear Local GAAP Issues SAP Field Services + Customer – Consolidation and Reporting Layer Review existing consolidation and XBRL systems for IFRS suitability © SAP 2009 / Page 25 Adapt current solution or deploy a new application where necessary Go Live with new or updated consolidation capabilities Perform consolidation and reporting under both existing GAAP and IFRS standard Go Live with IFRS as primary group reporting standard . Customer + SAP Field Services Begin IFRS Project Planning and Local Impact Determine SAP Landscape Solution Required Begin IFRS Project Prepare Opening Balance Sheet under IFRS rules Dual Reporting Period Ends IFRS go live date 2009 2010 2011 2012 2013 2014 SAP Field Services + Customer – ERP Layer Upgrade Project to ERP 6.0 Completed SAP General Ledger Migration Project SAP GL Migration Completed 1st Qtr 2010 SAP GL Validation Period completed by Year End Begin configuration Landscape for IFRS a.

Technology challenges for group financial reporting in IFRS         Parallel reporting Top-side adjustments Consolidation engine and business rules Disclosures and commentary Ease of report writing Integration with source systems Interactive data (XBRL) Automated internal control processes .

Technology challenges for group financial reporting in IFRS Parallel reporting (multi-GAAP)   Data should all be held in a single database with minimal or no duplication Sufficient mechanisms to categorize the information     Dimensionality Hierarchical views Structures Currencies Segregation of financial assets & liabilities between listed/unlisted Debtors/issuers analyses for securities Derivative instruments and types of hedging for derivatives assets & liabilities  IFRS specifics    .

to perform and store multiple consolidations.Technology challenges for group financial reporting in IFRS Top-side adjustments  Ability to perform complex calculations. and to report in different formats Hold the data in local GAAP Create journal entries to produce the required reports for IFRS (or vice versa) Automate the calculation and storage of as many of adjustments as possible Comprehensive audit trail        IFRS consolidation adjustments Reconciliation between historical GAAP and IFRS during transition period Ideally should be ―built-in‖ to the application .

Technology challenges for group financial reporting in IFRS Consolidation engine and business rules  Ability to easily process changes in group structure    Acquisition Disposal Internal merger Interests Consolidation rate Consolidation method  Changes in     IFRS impacts the definition of the group structure  Proportional method etc.   Should be configurable by financial users New compliance rules require deeper documentation of consolidation processes for the financial community .

Technology challenges for group financial reporting in IFRS Disclosures and commentary    Need the ability to add cell-based comments Native text reporting Contextual and secure document attachments .

Plant. and Equipment  Flexible and powerful end-user reporting capabilities that enable the head office consolidation team to create and change their own reports .Technology challenges for group financial reporting in IFRS Ease of report writing  Need to produce reports in more than one format during the transition phase  Reconciliation reports  Local GAAP to IFRS  Prescribed formats for IFRS reporting are different from those in local GAAP  IAS 7 (Cash Flow Statements) does not require reconciliation of net cash flow to movement in net debt  Ability to assign different names to a single account    IAS 1 requires different balance sheet headings to those currently used under local GAAP Stock = Inventories Fixed Assets = Property.

Technology challenges for group financial reporting in IFRS Integration with source systems  Integration between EPM applications and underlying systems is crucial  Provide adaptability and flexibility as source systems also transition to IFRS    Single-instance ERP or general ledger (GL) is not always possible Avoid flat files or manual data entry Instead. look to establish direct links   Speed the loading process Avoid costly mistakes  Financial information management software can provide    Business user mapping Drill back to origin Full audit trail .

to begin filing their financial reports using XBRL  Three-year timetable    Largest 500 filers for fiscal periods ending on or after June 15th.Technology challenges for group financial reporting in IFRS Interactive data (XBRL)  Recently mandated for public companies operating in the U.S. 2009 All other large accelerated filers in 2010 All remaining companies in 2011  XBRL publishing will be an important facet of the IFRS transition process    Many experts believe XBRL will help with the transition to IFRS Finalized IFRS taxonomy anticipated before and final IFRS ruling However the XBRL publishing mandate remains separate and distinct from IFRS  Considering XBRL publishing requirements from the outset will make the IFRS transition process easier and reduce maintenance once the transition is complete .

Technology challenges for group financial reporting in IFRS Automated internal control processes       Embed into financial consolidation and reporting process Replace manual controls Meet compliance mandates in a timely and cost-effective fashion Optimize operational efficiency GRC applications provide a risk-based approach Reduce overall cost of compliance .

SAP BusinessObjects solutions support IFRS Financial consolidation and reporting solutions from SAP BusinessObjects are fully IFRS capable  Thousands of successful IFRS implementations in EMEA Key functionality to support IFRS is available today:       Parallel reporting Top-side adjustments Rules-based environment Disclosures and commentary Flexible and powerful reporting XBRL publishing Starter kits speed and smooth the transition process  Provide pre-configured IFRS compliant content Comprehensive compliance  Documentation. and SAP NetWeaver BW Applications remain heterogeneous and open to non-SAP environments . SAP Business Suite. automated testing and reporting of internal controls in accordance with SOX 404 and 302 Deep integration into underlying transactional and GL systems   Including SAP ERP.

SAP BusinessObjects Consolidation Solutions Eliminate Bottlenecks for a Faster Compliant Close Data entry and validation   Intelligent checks and filtering Consistent. complete. parallel consolidation processing Must not compromise on audit trail Built-in rules logic to automate entries Multiple reporting channels Retain past frameworks Web and Microsoft Office High performance   Process automation    Ease of use    Workflow and process monitoring Owned and managed by business users . and commented Simultaneous.

controls.Starter kits Faster legal compliance – reduce implementation times Fast implementation    Pre-packaged content reduces implementation times by up to 80% Dynamic configuration enables easy customization to specific requirements Complete. and calculations Publishable financial statements . generic reference implementation Rapid and trusted legal compliance  Embedded expertise in meeting financial regulations including best practice in financial consolidations and internal controls Detailed process guidance for business users  Comprehensive scope    IFRS/GAAP specific chart of accounts Pre-configured IFRS/GAAP consolidation rules.

thorough validation of generated XBRL documents Works with EPM solutions and SAP Business Suite Link to and import disclosures stored in Microsoft Word Insulates users from dealing with complex XBRL syntax Easily extend published XBRL taxonomies Simplicity    Flexibility    Complies with the XBRL 2. dimensions.SAP BusinessObjects XBRL Publishing by UBmatrix Streamlining XBRL publishing for business users Speed    Quickly navigate taxonomies and map data Easy to use drag-and-drop mapping environment Fast.1 specification Supports basic and block‐text footnotes. and business rules .

trust. and loading designed for business users Ease of use for finance users  Business users maintain sophisticated mappings and launch loading tasks Secure access to dimensional metadata.SAP BusinessObjects Financial Information Management Powerful connectivity. and reliability   Fully automated and easily accessible audit trail Drill-back allows tracing of consolidated results back to the original sources Comprehensive validations ensure error prone data is loaded right-first-time  Connectivity to SAP and non-SAP sources  Application connectivity removes the need for intermediate flat files or manual re-keying of data Database connectivity ensures almost any source can be integrated with a full audit trail Rapid Marts speed implementation   . intelligent checking and filtering of data Simple to use and easy to deploy   Compliance. mapping.

certification and sign-off process Reduce cost without compromising compliance   Automate controls with ―out-of-the-box‖ control scripts Simplify integration across process and application boundaries   Streamline manual testing and assessments Shrink audit cycles with rigorous compliance process Enable lines of business to effectively mitigate risks  Integration with other applications for effective mitigation of enterprise business risks  Role-based dashboards to monitor control activity status .SAP BusinessObjects Process Control End to End. Cross Enterprise Business Process Control Implement operational controls to improve business process management    Unify control environment across the enterprise Manage by exception and perform timely remediation Enforce accountability with hierarchical review.

our consolidation applications have also helped customers significantly reduce closing cycles  Diageo went from 12 days to 5 days after replacing Hyperion Enterprise Reporting time reduced from 20 to 5 workdays at Roche with HQ consolidation time cut from 12 to 2 days Recticel reduced reporting time from 20 days to 15 days   ― The journal entries generated by the rules-based SAP BusinessObjects application provide an exact audit trail as we reconcile the data for both Canadian reporting purposes and IFRS standards.SAP BusinessObjects customers have successfully transitioned to IFRS SAP BusinessObjects software has helped thousands customers successfully transition from local GAAP to IFRS reporting In parallel. It makes it much easier to show both auditors and company management exactly what we’ve done…” Neil Thompson. Manager of Financial Systems. Standard Life .

Agenda A brief overview of IFRS and its implications A few comments from SAP regarding IFRS SAP ERP and IFRS adoption overview SAP BusinessObjects and IFRS adoption overview Wrap-up .

com/irj/bpx/ifrs Contribute to IFRS on SAP Ideas. Best Practices.com/wiki/display/IFRS/IFRS+on+ SAP+-+Best+Practices  Join the Business Process Expert (BPX) Community:    Listen to the IFRS Webinar Series on SAP Ecohub   IFRS@BPX http://ecohub.sap.com/irj/bpx/ifrs .sap.com/solutions/sapbusinessobjects/lar ge/enterprise-performancemanagement/planningandconsolidation/index.Where to find more information?  Read our IFRS whitepaper:  http://www.sap. Tips and Tricks https://wiki.sdn.sap.sdn.com/irj/ecohub/home?rid=/hub /uuid/6019e662-4a58-2c10-91a9-a13e06f6135b Includes upcoming webinars and recordings of past webinars sdn.sap.epx For sharing IFRS on SAP knowledge https://www.sdn.

c om/irj/scn/forum?foru mID=400 .sdn.IFRS on SAP Community: sdn.com/irj/bpx/ifrs Have an idea? Write a blog Get your questions answered on the IFRS Forum … … at … https://www.sap.sap.

Summary IFRS is coming and organizations need to understand the issues. systems integration etc.) Treat IFRS as an opportunity – use it to review and improve your financial consolidation and reporting systems SAP solutions fully support the transition to IFRS Technology     Financial Consolidation and Reporting General Ledger Sub-ledgers Process   . assess the impact. IFRS is has momentum and is inevitable – don’t fight it or bury your head in the sand People Transition to IFRS   Don’t leave it too late – it’s easier to collect comparative information as it happens rather than 2 years after the fact Plan for change – you don’t know what all the changes will be. and find solutions  Despite apparent reticence. but you know there’ll be some Short term solutions are expensive and dissolve ROI from other important projects (fast close.

com How to contact me Pete Graham pete.graham@sap.com Webinar Replay and Other IFRS on SAP Webinar .Thank you! How contact me How toto contact me: James Fisher james.mugglestone@sap.fisher@sap.com Philip Mugglestone philip.

com philip.com enis.lombard@sap.graham@sap.com james.akgerman@sap.SAP Contact Slide SAP ERP Financials — Pete Graham SAP BusinessObjects — James Fisher Philip Mugglestone pete.svoboda@sap.fisher@sap.com mark.com SAP Field Services — Joe Svoboda Mark Lombard SAP SLO Services — Enis Akgerman joe.com .mugglestone@sap.

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PartnerEdge und andere in diesem Dokument erwähnte SAP-Produkte und Services sowie die dazugehörigen Logos sind Marken oder eingetragene Marken der SAP AG in Deutschland und in mehreren anderen Ländern weltweit. Diese Einschränkung gilt nicht bei Vorsatz oder grober Fahrlässigkeit. Texte. Duet. This document contains only intended strategies. Grafiken. Duet. ByDesign. Weitergabe und Vervielfältigung dieser Publikation oder von Teilen daraus sind. SAP. or transmitted in any form or for any purpose without the express prior written permission of SAP AG. unterliegen nicht dem Einfluss von SAP. R/3. ohne die ausdrückliche schriftliche Genehmigung durch SAP AG nicht gestattet. SAP has no control over the information that you may access through the use of hot links contained in these materials and does not endorse your use of third-party Web pages nor provide any warranty whatsoever relating to third-party Web pages. Alle anderen in diesem Dokument erwähnten Namen von Produkten und Servi ces sowie die damit verbundenen Firmenlogos sind Marken der jeweiligen Unternehmen. und SAP unterstützt nicht die Nutzung von Internetseiten Dritter durch Sie und gibt keinerlei Gewährleistungen oder Zusagen über Internetseiten Dritter ab. xApp. National product specifications may vary. SAP haftet nicht für entstandene Schäden. Produkte können länderspezifische Unterschiede aufweisen. PartnerEdge and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. Please note that this document is subject to change and may be changed by SAP at any time without notice. Einige von der SAP AG und deren Vertriebspartnern vertriebene Softwareprodukte können Softwarekomponenten umfassen. SAP NetWeaver.. Alle Rechte vorbehalten. Die Angaben im Text sind unverbindlich und dienen lediglich zu Informationszwecken. Weitergabe und Vervielfältigung dieser Publikation oder von Teilen daraus sind. SAP. and/or development. Diese Publikation wird ohne jegliche Gewähr. In dieser Publikation enthaltene Informationen können ohne vorherige Ankündigung geändert werden. Die in dieser Publikation enthaltene Information ist Eigentum der SAP. or consequential damages that may result from the use of these materials. die nicht Ihrem gültigen Lizenzvertrag oder anderen Vereinbarungen mit SAP unterliegt. SAP Business ByDesign. indirect. hinsichtlich der Gewährleistung der Marktgängigkeit und der Eignung für einen bestimmten Zweck sowie für die Gewährleistung der Nichtverletzung geltenden Rechts. The statutory liability for personal injury and defective products is not affected. No part of this document may be reproduced. Dies gilt u. xApp. The information contained herein may be changed without prior notice. links. Some software products marketed by SAP AG and its distributors contain proprietary software components of other software vendors. developments. SAP does not warrant the accuracy or completeness of the information. either express or implied. SAP shall have no liability for damages of any kind including without limitation direct. This document is provided without a warranty of any kind. graphics. copied.oder Produktstrategie und/oder bestimmten Entwicklungen.Copyright 2009 SAP AG All Rights Reserved No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP AG. besondere und mittelbare Schäden oder Folgeschäden. Diese Publikation enthält nur vorgesehene Strategien. text. weder ausdrücklich noch stillschweigend. and functionalities of the SAP® product and is not intended to be binding upon SAP to any particular course of business.

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