IFRS
Summary
IFRS (International Financial Reporting Standards) and IAS (International Accounting Standards) are global standards for accounting. See [|| Wikipedia entry about IFRS]
Adempiere seeks to be fully compliant with IFRS/IAS standards.
Currently aa review is being conducted of Adempiere and level of compliance is being documented. Where areas of non-compliance are identified, recommendations will be made in order to ensure that future versions meet full IFRS compliance.
The schedule for the review is based on available time and priorities set by the community. If you have a specific project or requirement then please contact Michael Judd.
This project is part of the road map to Accounting Kernel Certification.
The status of the review is as follows:
IFRSs:
| Standard | Description | Status |
|---|---|---|
| IFRS 1 | First-time Adoption of International Financial Reporting Standards | Pending |
| IFRS 2 | Share-based Payment | Pending |
| IFRS 3 | Business Combinations | Pending |
| IFRS 4 | Insurance Contracts | Pending |
| IFRS 5 | Non-current Assets Held for Sale and Discontinued Operations | Pending |
| IFRS 6 | Exploration for and evaluation of Mineral Resources | Pending |
| IFRS 7 | Financial Instruments: Disclosures | Pending |
| IFRS 8 | Operating Segments | Pending |
IASs:
| Standard | Description | Status |
|---|---|---|
| IAS 1 | Presentation of Financial Statements | Pending |
| IAS 2 | Inventories | In Progress |
| IAS 7 | Cash Flow Statements | Pending |
| IAS 8 | Accounting Policies, Changes in Accounting Estimates and Errors | Pending |
| IAS 10 | Events After the Balance Sheet Date | Pending |
| IAS 11 | Construction Contracts | Pending |
| IAS 12 | Income Taxes | Pending |
| IAS 16 | Property, Plant and Equipment | Pending |
| IAS 17 | Leases | Pending |
| IAS 18 | Revenue | Pending |
| IAS 19 | Employee Benefits | Pending |
| IAS 20 | Accounting for Government Grants and Disclosure of Government Assistance | Pending |
| IAS 21 | The Effects of Changes in Foreign Exchange Rates | In Progress |
| IAS 23 | Borrowing Costs | Pending |
| IAS 24 | Related Party Disclosures | Pending |
| IAS 26 | Accounting and Reporting by Retirement Benefit Plans | Pending |
| IAS 27 | Consolidated and Separate Financial Statements | Pending |
| IAS 28 | Investments in Associates | Pending |
| IAS 29 | Financial Reporting in Hyperinflationary Economies | Pending |
| IAS 31 | Interests in Joint Ventures | Pending |
| IAS 32 | Financial Instruments: Presentation | Pending |
| IAS 33 | Earnings per Share | Pending |
| IAS 34 | Interim Financial Reporting | Pending |
| IAS 36 | Impairment of Assets | Pending |
| IAS 37 | Provisions, Contingent Liabilities and Contingent Assets | Pending |
| IAS 38 | Intangible Assets | Pending |
| IAS 39 | Financial Instruments: Recognition and Measurement | Pending |
| IAS 40 | Investment Property | Pending |
| IAS 41 | Agriculture | Pending |
