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Re: IFRS Accounting Report

Elico Solutions Pte Ltd, dominique kon sun tack
- 22/02/2016 22:14:26
Hi Elipkim,

Just one comment before jumping into implementing IFRS reports vs Odoo.
IFRS and US GAAP have differences regarding accounting policies e.g. revenue recognition, accounting for equity etc..

So you need to question the business of your client, and check the accounting flow. If your client is a small business, it may well be that you can use Odoo out-of-the box, with may be some adjustments to be done at the end of the financial year. These adjustments will be instructed and passed by the accountant.


Dominique KON-SUN-TACK  [Project Manager]
Odoo Gold Partner, best Odoo Partner 2014 for APAC

Mobile: + 65 8502 2399
Skype: dominique_elico

On 23 February 2016 at 10:47, Humberto Arocha <> wrote:
Go to

And build a new instance if none is alive.

Check in with admin/admin

Goto to Accounting / Reporting / IFRS Report

check the Demo Report and there you will find how the reports have been created.

Best Regards.


On Wed, Feb 17, 2016 at 12:38 PM, Elikplim Elliot Kitsikpui <> wrote:
I've seen this module but having issues implementing it, there's not much information on how to use it. 

I'll be very glad if you can assist. 

Thank you. 

Sent from my iPhone

On 17 Feb 2016, at 4:27 PM, Moises Lopez <> wrote:

Maybe follow module may interest you:

2016-02-17 9:57 GMT-06:00 Elikplim Elliot Kitsikpui <>:
​Dear All, 

I have a client who uses IFRS as their accounting ​standard and I realised Odoo uses GAAP, I was wondering if there's a way of implementing the IFRS over the GAAP, does Odoo offer this a special module or has anyone implemented this before. 

I will be glad if you can assist me. Thanks a lot. 


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Moisés López Calderón
Vauxoo - OpenERP's Gold Partner
Mobile: (+521) 477-752-22-30
Office: (+52) 477-773-33-46
twitter: @vauxoo

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