Replies posted by Cagdas Karabacak

3 Replies

Cagdas Karabacak
Do Gooder (Partner)
Cagdas KarabacakDo Gooder (Partner)
asked in Finance (Financials)

Ifrs Bookkeeping

Hi dear,many thanks,Regards.

5
Cagdas Karabacak
Do Gooder (Partner)
5 months ago
Cagdas Karabacak
Do Gooder (Partner)
Cagdas KarabacakDo Gooder (Partner)
asked in Finance (Financials)

Ifrs Bookkeeping

@Cagdas Karabacak, please do not expect simple answer to complex questions.  In general, there are multiple possibilities to manage two GAAP (IFRS and local) parallelly in IFS. One of possibilities is to use Internal Ledger, and use one GAAP in IL and the other in IL. Another one is to create dedicated set of IFRS adjustment accounts, where we can book in parallel IFRS-specific entries (like IFRS FA depreciation).  Decision depends on how many differences we might have between these two GAAP and if we expect reporting time differences (IL solution allows us to have IL open while GL is closed, so e.g. we can do report in local GAAP - GL and keep doing IFRS adjustments in IL).   Hello Adam, First of all thank you for received, for second option how can i arrange ifrs account seperately gaap accounts and close, when booking ifrs. many thanks. Best Regards,

5
Cagdas Karabacak
Do Gooder (Partner)
5 months ago
A
Do Gooder (Partner)
AlperenDo Gooder (Partner)
asked in Finance (Financials)

How can I do IFRS reporting?

Hi gumabs,   Thanks for advice. I will try. Dear Alperen,Good day!Did you apply ifrs standards, if yes, please kindly explain, i will apply first time.Best’

8
A
Do Gooder (Partner)
3 months ago

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