First Guide to Euro Conversion in Accounting Systems

This new White Paper, ‘Managing Accounting Currency Conversion to the euro’, has, for the first time, drawn together a mass of information provided by consultants, software vendors, accountants and IT specialists on how to manage this exceptional project. It provides advice on project planning and preparation; how to analyse existing systems and decide on a conversion strategy; selecting a changeover date; identifying and scheduling resources; data conversion; the implications for specific applications, databases and reporting systems as well as testing and reconciliation. It also includes case studies from 3M and SAP as well as the first definitive opinion from a leading auditor, KPMG, on what they will consider acceptable when they assess the accounts and financial positions of companies undertaking base currency conversion.

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