• SOLUTION
    IFRS

Summary

K-System supports your global business with its structure which is compatible to the International Financial Reporting Standards (IFRS),
while reflecting the worldwide trend of unification of accounting standards.

  • Establishment of international accounting standards as global standard
  • Persisting an independent accounting standard feared to damage credibility
  • Adopting accounting standard compatible to global standard leading to higher credibility
  • Forward-looking response to the global trend of unified accounting standards
  • Reducing global companies’ work-load caused by dual reporting of financial statements
  • Enhancing credibility in global society about your company’s financial transparency

Over 110 countries in the world and 80% of OECD member countries have already adopted IFRS completely

Main features

An average model adopting K-System IFRS – Controlling company

An average model adopting K-System IFRS – Dominant company

An average model adopting K-System IFRS – Subsidiary Company

IFRS System 도입 일반적인 모델 - 종속법인

Dual settlement process of K-GAAP of K-IFRS

K-GAAP과 K-IFRS 결산 병행처리 프로세스

Process of Settlement

결산처리 프로세스

Extraction of consolidated data > collection > process of consolidated financial statements

연결자료추출 > 취합 > 연결재무제표 프로세스

Process

K-System Genuine supports your global business with its structure which is compatible to International Financial Reporting Standards (IFRS)

IFRS 프로세스

  • SOLUTION
    IFRS

Summary

K-System supports your global business with its structure which is compatible to the International Financial Reporting Standards (IFRS),
while reflecting the worldwide trend of unification of accounting standards.

  • Establishment of international accounting standards as global standard
  • Persisting an independent accounting standard feared to damage credibility
  • Adopting accounting standard compatible to global standard leading to higher credibility
  • Forward-looking response to the global trend of unified accounting standards
  • Reducing global companies’ work-load caused by dual reporting of financial statements
  • Enhancing credibility in global society about your company’s financial transparency

Over 110 countries in the world and 80% of OECD member countries have already adopted IFRS completely

Main features

An average model adopting K-System IFRS – Controlling company

An average model adopting K-System IFRS – Dominant company

An average model adopting K-System IFRS – Subsidiary Company

IFRS System 도입 일반적인 모델 - 종속법인

Dual settlement process of K-GAAP of K-IFRS

K-GAAP과 K-IFRS 결산 병행처리 프로세스

Process of Settlement

결산처리 프로세스

Extraction of consolidated data > collection > process of consolidated financial statements

연결자료추출 > 취합 > 연결재무제표 프로세스

Process

K-System Genuine supports your global business with its structure which is compatible to International Financial Reporting Standards (IFRS)

IFRS 프로세스