| Product | Support for IFRS and US GAAP |
| Oracle Enterprise Performance Management | - Provides support for a broad range of strategic, financial and operational management processes
- Supports the collection, consolidation and reporting of financial results in multiple GAAPs as well as IFRS, and the reconciliation of differences among the various standards
- Can be deployed quickly to integrate data from multiple Oracle and non-Oracle transactional systems, provide top-side reporting that conforms to IFRS and US GAAP requirements, and help organizations make the transition to new accounting standards
|
| Oracle Enterprise Resource Planning | - Oracle's Enterprise Resource Planning (ERP) solutions, (E-Business Suite, Fusion, JD Edwards, and PeopleSoft) support both IFRS and US GAAP and have customers in many countries reporting in these formats
- Each of Oracle's ERP solutions has an accounting architecture that simultaneously supports both IFRS and local GAAP. For example:
- E-Business Suite: Subledger Accounting, Ledger Sets, Multiple Ledgers
- Fusion: Subledger Accounting, Ledger Sets, Multiple Ledgers
- JD Edwards: Multiple Ledger Types
- PeopleSoft: Book Code, Multiple Ledgers, Multi-Book
|
| Oracle Governance, Risk, and Compliance | - With a central repository to document processes, risks and associated controls, Oracle GRC applications manage an audit trail of differences between US GAAP and IFRS
- Embed automated application controls into ERP systems to enforce proper segregation of duties and application configurations
- Coupled with integrated dashboards and alerts to identify areas of heightened risk, Oracle GRC applications make for an effective IFRS or US GAAP roll-out
|
Printer View