Industry Focus

Migration to SAP
General Ledger

 

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The (new) SAP General Ledger offers increased functionality for IFRS. The migration to the new SAP General Ledger is very complex and as the general ledger performs such a vital role in companies' statutory reporting, it is very important that the migration project is managed correctly by a consulting company with migration knowledge and experience:

Some of the migration services that we offer include:

  • Pre Migration Review Service - perform a detailed review of your existing classic general ledger and to provide a comprehensive report including:
     -Any cleanup of data required
     -Target migration scenarios. For example, whether document splitting, parallel ledgers will be part of the migration.
     -Timing of the migration project. When to start the planning phase, likely go live date (date of activation)
     -Staffing requirements
  • Pilot System and Training – setup of a pilot system with the new SAP General Ledger activated and training of internal migration team on new functionality.
  • Migration Project – consulting support for planning, migration and go live phases of the migration project. Includes support for multiple test migrations and first period end close.

Transitioning to
IFRS

 

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*Read an exclusive Q&A at the Insider Learning Network with the author Paul Theobald “Transitioning to IFRS in SAP ERP Financials” Q&A

 

CAPE Global Consulting can assist with all phases of an IFRS project. We have qualified accountants with experience in transitioning to IFRS in Europe and Latin America and also SAP experts to ensure that SAP functionality is used in the best way for IFRS.


Some of the IFRS services that we offer include:

  • Providing an initial 'IFRS SAP Assessment' to determine the optimal solution for transitioning to IFRS
  • Conducting SAP system changes such as upgrading to SAP ERP and migrating to the new SAP General Ledger (if required)
  • Recommending the best approach for parallel valuation, for example parallel ledgers
  • Implementing other SAP functionality for IFRS such as document splitting and segment reporting (IFRS 8)
  • Assisting with consolidations and reporting in XBRL from SAP
  • Assisting the accounting team in all phases of the project to ensure a smooth transition to IFRS