Peter A. Jensen
I have been with Microsoft since 2002, but I have been with Dynamics even longer, starting out with a Dynamics NAV partner in 1992. I currently lead the Partner Programs team in the US Dynamics organization and look forward to keeping in touch with the US Dynamics Partner Community on this blog.
The Microsoft Dynamics AX Product Management Team has recently published some excellent information on PartnerSource regarding International Financial Reporting Standards.
According to the team…
International Financial Reporting Standards (IFRS) are worldwide "principles-based" accounting standards for general purpose financial statements, issued by the International Accounting Standards Board (IASB). According to IASB, more than 80 countries/regions - from Australia, South Africa, Singapore, Argentina to Zimbabwe - require, or allow on a voluntary basis, the preparation of financial statements in accordance with IFRS. Other countries/regions, such as Brazil, Canada, India, and Mexico, are currently holding convergence discussions or are in the process of adopting IFRS. Worldwide adoption of IFRS as the primary accounting standard is expected around 2015.
Converting to IFRS poses various process or system challenges to organizations worldwide. The impact on information systems from IFRS arises from the differences between the country/region-specific accounting standards currently applied (US GAAP, for example) and IFRS. To help organizations meet these challenges, Microsoft Dynamics AX was designed to support certain IFRS requirements by allowing organizations to capture, analyze, and report data in a manner that helps them meet the designated IFRS requirements.
The extent to which information systems are affected by IFRS varies, depending on the market, size and business segment of the organization. Each organization should carefully analyze the extent to which the changes being made to the accounting standards will impact their information systems. Microsoft provides detailed illustrations on how Microsoft Dynamics AX supports specific IFRS scenarios to help organizations with making important changes towards this set of standards.
Visit PartnerSource to learn more about International Financial Reporting Standards and Microsoft Dynamics AX.
Soon you will see the arrival of a brand new Marketing Service Bureau (MSB) coming to PartnerSource and to celebrate, we're giving you early access to some pre-launch specials from our MSB vendors!
For more information on the MSB, access an on demand web seminar from May 2011 on the Partner Learning Center.
Our US Microsoft Dynamics marketing team shares this material regarding the special offers...
FREE! Marketing Office Hours
Got a Marketing challenge but no expert to brainstorm with? Sign up for a free Marketing Office Hours Session! This program delivers a free 20-minute session for you to discuss your marketing challenges with Microsoft Dynamics marketing experts at Nurture Marketing.
Nurture Marketing is a full-service marketing firm focused on helping businesses achieve success through progressive programs and services for content development, demand generation, nurture programs and social media. Nurture Marketing's principals have over 50 years’ experience working for and with small to medium sized businesses, including many Microsoft Dynamics partners!
Full Service Marketing for $299 per Month!
The team at Pronto Marketing has bundled an, all-inclusive package of Pronto’s enhanced digital marketing services! The Pronto Online Marketing Solution delivers all this:
Plus, no term commitments or hidden fees – you pay as you go, month to month and can cancel at any time.
To learn more about these services, and to get the latest news about the NEW Marketing Service Bureau (MSB), visit PartnerSource. We’ll continue the pre-launch celebration with specials like these; with the NEW Marketing Service Bureau launching in a few short weeks.
To start the new fiscal year at Microsoft, we are excited to announce a new benefit to United States based existing customers currently enrolled in a Microsoft Dynamics Service Plan.
The AXUG, NAVUG, and GPUG are independent customer driven user groups focused on straight-forward knowledge sharing in a compact, community environment. Customers, industry experts, and Microsoft technical staff provide knowledge designed by customers for customers to get the most from their Microsoft Dynamics solution.
Direct your customers to register for their Free User Group Membership