SYSPRO, a provider of visionary ERP for the manufacturing pragmatist, announced today that its software enables companies to comply with the International Financial Reporting Standards (IFRS), the adoption of which will be phased into the USA between 2010 and 2014. The differences between US GAAP (Generally Accepted Accounting Principles) and IFRS have been narrowing since 2002, due to the efforts of the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB). International Financial Reporting Standardsare standards, interpretations and the framework for the preparation and presentation of financial statements adopted by the IASB whose goal it is to ensure that financial information is presented and understood in a uniform fashion, globally.

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