FINPRO IFRS

It is the FINPRO solution developed within the SAP system in a reportable and adaptable way according to International Financial Reporting Standards (IFRS) for companies with IFRS obligations. The solution creates a second trial balance and ledger system by harmonizing the accounting postings and reports in SAP with IFRS.

1. HOW DOES IT WORK?

• Many financial transactions such as accounts, loan follow-up, loan principal and interest accruals, maturity-based classification of financial liabilities and leases, loans used for qualifying assets, derivative instruments are all reflected in IFRS tables.

• Transactions such as cheques and their classifications, time deposits, credit card collections are also posted on IFRS basis.

• Accrual income and expenses of the next months is also calculated in line with IFRS depending on the chosen method whether it is day or period basis.

• All short and long-term employee benefits such as employee personal rights, social security payments, retirement benefits and compensations are also managed and accounted for separately through the HR system in accordance with the IFRS.

• Postings related to transactions such as shareholders’ equity, shares and share reserves, funds, dividends, affiliates, investments, taxes are kept separately in SAP in accordance with IFRS.

• Thanks to the SAP system, postings of provisions can be conducted manually or automatically in accordance with IFRS.

• IFRS specific useful life can be determined and depreciations can be separated for fixed assets.

2. BENEFITS

• It performs the IFRS conversion, accounting and reporting processes reliably and quickly.

• It automatically aligns SAP postings with IFRS.

• IFRS offers a global language in order to analyze the companies’ financial situation.

• IFRS reportings can be undertaken on currency basis.

e-Transformation Solutions

Financial Solutions

Banking Solutions

Fully Compliant
with IFRS

Integrated with Non-SAP Applications

Flexible
Reporting

Adaptable and Flexible Structure

Easy and Fast Use

How to install?

Installation is done by uploading transport requests to the system. Implementation starts with the steps in the “adaptations” menu. In order to collect information on invoices, SAP SD, FI, MM configurations are examined and adapted and developed accordingly. Invoice designs of the customer are made.
Are all E-Invoice taxpayers seen in the system?

All e-invoice taxpayers defined in the RA system are kept up-to-date in SAP. E-Invoice taxpayers can learn the taxpayer information reports of the current accounts defined in SAP. In addition, e-invoice sending scenario (basic/commercial) can be defined on both customer and invoice basis.
According to which criteria can incoming invoices be separated?

On the selection screen, filtering by invoice header information (company code, invoice date, E-Invoice number, invoice confirmation step, etc.), filtering by invoice accounting status and by the addressee of the invoice (customer/vendor codes, TIN, etc.) features are available.
For what purpose is the incoming invoice confirmation screen used?

Incoming invoices can be passed through internal approvals via this screen before the final approval is given by the Revenue Administration or the accounting process is performed.
Can we use it outside the SAP System?

The solution runs through the SAP. When invoices that are created in an external system flow to SAP, they also fall into the cockpit. If invoices that are not transferred to SAP are requested to be dropped into the cockpit, appropriate integration work should be done.
Is integration possible with different module data in SAP?

There are 3 modules in SAP that can produce invoices, namely SD, FI and MM. Invoices issued from these modules work as integrated into the system.