|
|
Article: SAP Assists the European Commission in Accounting Transformation Process; European Commission Achieves Greater Financial Transparency;.
- Article from:
- PR Newswire
- Article date:
- April 25, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
BRUSSELS, Belgium, April 25 /PRNewswire-FirstCall/ -- SAP AG today announced the completion of the European Commission's accounting transformation project, making the European Commission the first European institution ready to comply with International Public Sector Accounting Standards (IPSAS). The accounting transformation project team developed the European Commission's accounting system to deliver the budgetary and accounting transparency required for meeting modern accounting standards such as IPSAS, using accrual accounting and funds management functionality from the SAP for Public Sector solution.
(Logo: ...