Transition to IFRS in Release 11i
Has anyone transitioned to IFRS? We are on Oracle 11.5.10.2. In Oracle we use AP, FA and General Ledger modules. We are a multi organization and we use Hyperion for our consolidation system. We also use the MRC feature in Oracle.
I found some information on transitioning to IFRS and below are the options for Oracle 11i .
Option 1a Hyperion Financial Management (or the consolidation feature in Oracle 11i referred to as GCS. (We do not use this feature as me consolidate in Hyperion)
Option 1b Global Accounting Engine.
Option 2 Adjusting Company Method
Option 3 Sub Ledger.
Has anyone using Release 11i done the transition to IFRS and know which option works best and can guide me.