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FAQ: IFRS (International Financial Reporting Standards) and Oracle Financials (Doc ID 952066.1)

Last updated on AUGUST 26, 2024

Applies to:

Oracle General Ledger - Version 11.5.10.0 to 12.1 [Release 11.5.10 to 12.1]
Information in this document applies to any platform.
IFRS

Purpose

Provide answers to frequently asked questions about IFRS and Oracle Financials.

Questions and Answers

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In this Document
Purpose
Questions and Answers
  1. Is 11.5.10.2  of Oracle Applications compatible with IFRS reporting?
 2. What kind of an effort in terms of setups/configurations is needed to move to IFRS reporting?
 3. What kind of reports are available to make use of these new setup changes and to report on the IFRS?
 4. Is there any step by step document available for easy transition to IFRS?
 5. Does IFRS require defining a new Set of Books or can we use the existing one?
 6. Is there any additional documentation available regarding IFRS and Oracle Financials?
 Still Have Questions?

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