Hi all,

I have to update our Group accounting manual. The latest update was done in November 2006.

My goal is to make sure that our group accounting policies are conducted in respect of IFRS.

I have to update our policies and to implement new policies in accordance to the new rules implemented since then.

Can you lease advice on the best way to tackle this task? I will be very thankful for any guidance, templates, links or suggestions.

Best regards

Hi Adil,

Not sure you realize the task taken on! Only way to complete this is to go through one by one and note any changes. Our company did similar exercise with the hotel uniform system of accounts and below is the template used

 

New
Policy
Number
New
Policy
Section
New
Policy
Name
Old
Policy
Section
Old
Policy
Number
Old
Policy
Name
What Changed  
 
 

New Policy Structure

Old Policy Structure

What Changed

 

Number

Section

Name

Number

Section

Name

 

I’d happily buy you a beer when I’m in Denmark in July J for exchange of your updated document

Mette Adil, question for you – do you currently have an audit report in accordance with IFRS, or is this a first time adoption of IFRS?

Gord

We already report according to IFRS.

The latest update of our GAM has been done in Nov 06.

Best regards

Adil

Hello everyone!

I have a question for you fox on the subject “financial modeling”: Is anybody can provide me some examples of financial modeling ? ( any information will be very helpful)
 
Thank you.
 
Sincerely,
Alex 

Dear All,

Can anybody send me a draft of Group Accounting Manual. I will be highly obliged if you send me on the following mail-id.

 

Hi Gordon,