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Support Service for Adoption of IFRS

Have provided methods for adoption of IFRS based our experience from many projects
Support our clients from various perspectives such products, trainings, and services

  • Overview
  • Process and Structure

To support our DivaSystem users' adoption of IFRS, we have participated in many projects of optional adoption of IFRS and forwarded many activities for IFRS. We provide "Support Service for Adoption of IFRS" by providing "our original methods for adoption of IFRS" based on our experience from many projects of optional adoption of IFRS and feedbacks from our clients who have adopted IFRS optionally.

We fully support your adoption of IFRS by providing our consolidated accounting system, DivaSystem, which is already used by multiple companies for optional adoption of IFRS, seminars (trainings), and services.

[DIVA's Efforts]
  • Have participated in projects for optional adoption of IFRS (for approx. 60 companies as of December, 2015)
  • Regularly holding meetings for our users who have adopted or will adopt IFRS optionally.
    (Exchange of information on projects, Exchange of opinions for new versions of our products)
  • Regularly holding "IFRS workshops" with audit firms
Support Service for Adoption of IFRS
Service
  • Have prepared methods for adoption of IFRS and providing support services for adoption of IFRS
Training

Project Process Flow of Adoption of IFRS

Our methods of adoption of IFRS enable you to shorten a project period by reducing workload, cost and risk at preparation, implementation and building.

Support Service for Adoption of IFRS
  1. Efficiently build a project plan with a low risk by adopting a process map and task definitions (process/tasks)
  2. Reduce workload of designing and building by diverting our study materials and templates (tools/project products)
  3. Efficiently execute adoption of IFRS by carrying out a project with a low risk
Project Structure (corresponding to Financial Accounting)
Preparation Installation and building Adoption of IFRS
Accounting Department
  • Formulate accounting policies or build a model for disclosure
  • Prepare accounting basic policies
  • Set up DivaSystem and optional reports
  • Create values of opening B/S
  • Train group companies
  • Consolidated closing based on IFRS during a parallel operating period
IT Department
  • Prepare the environment for IFRS
  • Adjust with systems of non-consolidated accounting or non-current assets
  • Handle systems of non-consolidated accounting or non-current assets
  • Build screens to collect data
  • Support system operation
Audit Firm
  • Formulate accounting policies/Build a model for disclosure
  • Support adoption of IFRS from a perspective on closing operation
  • Validate values on opening B/S
  • Support adoption of IFRS from a perspective on closing operation
System Vendor of Consolidated Accounting
  • Define requirements or design overview for consolidated accounting system based on a model for disclosure
  • Support adoption of IFRS from a perspective on applications
  • Design screens to collect data
  • Support adoption of IFRS from a perspective on applications
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