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Thursday, January 28, 2010

IFRS standards start next year!

We must prepare our teachers for the new IFRS rules. Possibly new manuals, even new software. Keep in touch on this one.

Simply Accounting meets most IFRS requirements. (The exception is the reporting of comprehensive income.) Simply Accounting meets the Canadian standards for private enterprises as these standards have not changed. The appropriate Canadian standards for not-for-profit organizations are still under consideration. Sage is committed to ensuring that Simply Accounting complies with accounting standards as they are revised. More details will be available in the coming months.

No mention of IFRS rules with Acomba