IFRS: Is your bank ready?
As part of the banking industry, we are all affected by the national plan of TAS and IFRS convergence starting from 2011.
These new accounting standards incorporate a number of requirements which are not met by IT/accounting systems built for the former generally accepted accounting principles in the Kingdom of Thailand.
Have you considered:
- Can your core banking system(s) deliver the data required to process every type of financial instrument in your portfolio?
- Which flexibility is required from your GL in order to implement IFRS standards successfully?
- Do you have the knowledge in-house to tackle the challenges of IFRS-compliant valuation, accounting and reporting? Are you ready for the IAS39 valuation approaches and can you cover hedge accounting, hedge management and effectiveness testing?
- Can you produce financial statements through a system that is approved by regulators around the world?
- IFRS and TAS are constantly evolving. What about your long-term strategy: will your systems be able to cover the ever increasing demands from regulators and auditors?
- What will the impact of IFRS be on your financial statement and what which benefits could you reap from your effort to comply with these new standards
Please join our FREE webinar where we answer these questions and illustrate how FlexFinance meets national and international accounting standards while minimizing the cost and the effort of implementation and maintenance. FERNBACH-Software has helped many banks in their IFRS implementation and will be happy to share its experience with Thai banks.
The webinar is on Tuesday 13th July at 14:00 ICT.
Space is limited. Reserve your Webinar seat now at:
