Tuesday, May 20, 2008

The devils in the non-accounting details

A very interesting article was recently published in the Accounting Section of CFO magazine's website. This article was entitled "From GAAP to Global Accounting in Seven Months" by Marie Leone, May 14, 2008

When forced by a business imperative to adopt IFRS reporting Morgan Stanley noted that information technology, shareholder relations and other areas had to be integrated into the process. The article highlights some of the trials and tribulations of the company's conversion process.

In their case the exercise was global and London was made a centre of excellence.

Read more at http://www.cfo.com/

If you have any experience with non-accounting IFRS implementation devils please let us know.

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