RMS Presents "IFRS and Fair Value Measurement" White Paper
Oct 20, 2009
Red Moon Solutions, a premier provider of specialty tax software solutions, presented its IFRS white paper series to educate tax and accounting professionals on IFRS standards, focused on fixed assets and intangible assets. The first white paper, IFRS and Fair Value Measurement, provides information on specific challenges and implications regarding tax effects of Fair Measurement Value. Upcoming articles will build on this foundation and offer practical considerations as IFRS relates to property, plant and equipment, and accounting for impairment of long-lived and indefinite-lived assets.
IFRS and Fair Value Measurement Abstract
The change in accounting standards will reach beyond application of IFRS fair value standards to property, plant and equipment to affect taxes, effective tax rate, deferred tax balances, state apportionment and possibly tax return accounting methods. Advanced education and planning for IFRS effects will help you navigate the uncharted waters so that one can effectively comply with its standards.
"IFRS and its effects on fixed assets are a key concern of our clients", comments Kelley Lear, Managing Director, Red Moon Solutions. "The deadline to comply with IFRS may be a few years away, the time to prepare is now,” adds Lear. "We pride ourselves in helping clients achieve superior fixed assets management and we are pleased to guide them to IFRS and fixed assets management success," concludes Lear.
If you have questions regarding IFRS and your fixed assets or would like to sign up to receive the complete IFRS and Fixed Assets series, contact Kelley Lear at 800.224.1260.
About Red Moon Solutions
Red Moon Solutions takes pride in solving unique challenges for today’s tax professionals. Founded by the former CIO and head of Tax Technology Enterprises for Andersen, Red Moon Solutions provides specialty tax products and services. Its solutions, Like-Kind Exchange Matching™ and Fixed Assets Manager™, were built to support Arthur Andersen’s tax practice. FAM offers a way to track high volumes of assets, improve control, and ensure that financial and tax depreciation is up-to-date. PowerOLAP™, a cost effective BI tool, is an exciting addition to the RMS portfolio. Red Moon Solutions is an SAP-certified integration partner.
