- November 19, 2006
Introduction of IFRS in parallel to local GAAP (HGB) within SAP. The method of parallel reflection is the usage of parallel code of accounts ending with 8 for local GAAP, 9 for IFRS and 0 for both. This allows flexible structuring of balance sheet and P&L in both accounting grids. Some manual procedures need to be introduced and solved organisationally in order to achieve proper equity movements in IFRS, but the amount of manual adjustments is low.