Re: Handling Dual GAAP in IFM

Selvaraj,

You should ask your local (Asian) affiliate about reports that were built in
Info WorkPlace (IWP) to handle localized government reporting requirements.
When IWP was first introduced by Mapics, I know that a couple of projects
were done to handle the necessary reporting from IFM in different countries.
Some of these were in the Asia/Pacific region.

You could potentially contact Bob Tenney (who is no longer at Mapics/Infor),
I believe he spear-headed these projects at that time.  He may be able to
assist you or point you in the right direction to get more information on
the reports.

Momentum Utilities is the developer of Info WorkPlace, JacanaForms and
inTuator.

Regards,
-Greg

Gregory Novak
Manager North American Technical Services
Momentum Utilities Pty Ltd
(630) 985-1736
gnovak@xxxxxxxxxx
www.jacana.com
 
Making Information Work for your Business
www.intuator.com




-----Original Message-----
From: Selvaraj Pillai [mailto:selvaraj.pillai@xxxxxxxxxxx] 
Sent: Thursday, April 06, 2006 12:04 AM
To: mapics-l@xxxxxxxxxxxx
Subject: [MAPICS-L] Handling Dual GAAP in IFM


Hello List,


We are at MAPICS release 6.0 and using IFM with several other modules. We 
have one common MAPICS environment for four factories (sites) in three 
different countries namely, Singapore, Thailand and China. Each sites are 
differentiated by its own Company code, warehouse code, Site code, and 
Financial Division code.

Our local / reporting currency is USD. All countries reports to the 
Corporate (in USA) in USD (US GAAP). Each country has also has its own 
GAAP, namely China GAAP, Singapore GAAP and Thailand GAAP. 

Currently, they extract out the transactions from IFM and the adjust 
manually in Excel system for the respective GAAP requirement. We want to 
make this automate in IFM itself.

Basically, we will have only one MAPICS environment with individual 
financial division for each sites in USD, and would need a reporting in 
local GAAP.
Is there any one in the list has come across such requirements? If so, 
please share your ideas that may help us. Thanks. 


Regards,

S.P. Selvaraj
Pemstar Singapore Pte Ltd 
2 Woodlands Sector 1, #021-23 
Woodlands Spectrum. Singapore - 738068. 
Tel. Dir (65) 65868009, Mobile (65) 94243657

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