Sea change: Transition to IFRS

This white paper covers imminent issues faced by the oil and gas industries during the quest to adopt IFRS, such as changes in accounting methodology and business transactions, and how countries have been faring. It also explains the criteria for a successful tool to manage such changes. Such a tool should be able to:

• Accommodate IFRS changes with easy implementation
• Manage a vast number of local variations in language, currency, business standards etc.
•  Provides real-time insight into critical financial and operational information