{"id":10379,"date":"2019-10-28T17:19:02","date_gmt":"2019-10-28T16:19:02","guid":{"rendered":"https:\/\/www.qintesi.com\/case-studies\/adeguamento-dei-sistemi-sap-ai-principi-contabili-ifrs-nel-settore-engineering-construction\/"},"modified":"2022-05-06T11:36:28","modified_gmt":"2022-05-06T09:36:28","slug":"adeguamento-dei-sistemi-sap-ai-principi-contabili-ifrs-nel-settore-engineering-construction-2","status":"publish","type":"portfolio","link":"https:\/\/www.qintesi.com\/en\/portfolio\/adeguamento-dei-sistemi-sap-ai-principi-contabili-ifrs-nel-settore-engineering-construction-2\/","title":{"rendered":"Adaptation of SAP systems to IFRS accounting standards"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"10379\" class=\"elementor elementor-10379 elementor-9709\" data-elementor-post-type=\"portfolio\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-7cc14c78 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7cc14c78\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-56d27018\" data-id=\"56d27018\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c9e4637 elementor-widget elementor-widget-text-editor\" data-id=\"c9e4637\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>Challenge<\/h4><p>The Customer, operating in the Engineering &amp; Construction sector, has expressed the need to\u00a0<b>adopt the IFRS accounting standards in the local statutory financial statement<\/b>.<\/p><p>Until that time, the IFRS accounting principles had been adopted only at the level of the Customer\u2019s Consolidated Financial Statements. The Customer has decided to adopt them also at local level, involving not only the administration functions, but also those relating to management control.<\/p><h4>\u00a0<\/h4><h4>Solution<\/h4><p>The solution adopted for the transition to the IFRS accounting standards required a review of the SAP FI-CO data model and an enrichment of the information managed in all the accounting records, in order to be able to detail the Income Statement not only by nature but also by destination.<\/p><p>The revision of the model also led to the redefinition of the reporting in SAP BW, using HANA Studio functionality and Analysis for Office front-end.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-16d6c9c6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"16d6c9c6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2277a23f\" data-id=\"2277a23f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7aa16807 elementor-widget elementor-widget-heading\" data-id=\"7aa16807\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Results\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39aeca70 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"39aeca70\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"> IFRS adoption at the statutory financial statements level<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Real time reconciliation between Accounting and Management Control<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Fast closing<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-e44f92a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e44f92a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-53bea721\" data-id=\"53bea721\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-20fd097e elementor-widget elementor-widget-heading\" data-id=\"20fd097e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Statement<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56b5c3ff elementor-widget elementor-widget-testimonial\" data-id=\"56b5c3ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"testimonial.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-testimonial-wrapper\">\n\t\t\t\t\t\t\t<div class=\"elementor-testimonial-content\">A very challenging project, both for the tight deadlines and for the skills required, which involved a highly functional seniority team that allowed to effectively redesign the Customer\u2019s business processes.<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-testimonial-meta elementor-has-image elementor-testimonial-image-position-aside\">\n\t\t\t\t<div class=\"elementor-testimonial-meta-inner\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-image\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.qintesi.com\/wp-content\/uploads\/2021\/10\/0-1-150x150-1.jpeg\" class=\"attachment-full size-full wp-image-20163\" alt=\"\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-details\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-name\">Cinzia Gagliardi<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-job\">Client Account Senior Manager - Qintesi<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-49e8acf2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"49e8acf2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-18677f1f\" data-id=\"18677f1f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ed02e8c elementor-widget elementor-widget-text-editor\" data-id=\"7ed02e8c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Le informazioni contenute in questo documento sono di propriet\u00e0.<br \/>Copyright \u00a9 2014 Qintesi S.p.A. Tutti i diritti riservati.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Challenge The Customer, operating in the Engineering &amp; Construction sector, has expressed the need to\u00a0adopt the IFRS accounting standards in the local statutory financial statement. Until that time, the IFRS accounting principles had been adopted only at the level of the Customer\u2019s Consolidated Financial Statements. The Customer has decided to adopt them also at local [&hellip;]<\/p>","protected":false},"author":3,"featured_media":20553,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"portfolio_category":[],"portfolio_tag":[],"servizi-offerti":[808,809],"moduli_implementati":[212,213,214,215],"settore":[828],"class_list":["post-10379","portfolio","type-portfolio","status-publish","format-standard","has-post-thumbnail","hentry","servizi-offerti-digital-transformation","servizi-offerti-vertical-solutions","moduli_implementati-bw-con-analysis-for-office-e-hana-studio-en","moduli_implementati-sap-co-en","moduli_implementati-sap-fi-en","moduli_implementati-sap-ps-en","settore-engineering-construction-industrial-components-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Adaptation of SAP systems to IFRS accounting standards - Qintesi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.qintesi.com\/en\/portfolio\/adeguamento-dei-sistemi-sap-ai-principi-contabili-ifrs-nel-settore-engineering-construction-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adaptation of SAP systems to IFRS accounting standards - Qintesi\" \/>\n<meta property=\"og:description\" content=\"Challenge The Customer, operating in the Engineering &amp; Construction sector, has expressed the need to\u00a0adopt the IFRS accounting standards in the local statutory financial statement. 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