News flash

SAP BusinessObjects Business Analytics :

http://www.youtube.com/user/SAPBusinessObjects

And enter, "SAP BusinessObjects Planning and Consolidation" in the search box under, "see all uploads"

Note, there are a host of other BPC videos on SAP BusinessObjects Planning and Consolidation (BPC) TV:

http://www.youtube.com/user/SAPBPC

In the near future we will migrate the relevant content from BPC TV to BA TV and decommission the BPC TV Channel as we'd like to drive all eyeballs to BA TV which has a bigger audience and can drive better cross-sell opportunities.

 

Dear partners,

I am very excited to share the important news that SAP is today announcing general availability for SAP HANA™ appliance software. With SAP HANA, you get game-changing innovations in hardware and software, enabling you to manage and analyze massive volumes of data instantly and cost effectively while reducing IT complexity.

By now, I am sure that you have heard a great deal about SAP HANA from your customers and your contacts at SAP. This is a very exciting product for all of us. The interest among customers and partners is overwhelming, and we continue to experience tremendous demand for information and enablement opportunities. We are deeply humbled and thank you for the amazing interest level.

SAP HANA is a game changer product for the entire SAP community and a fantastic opportunity for our partners. From supporting services, to implementation, to delivering a hardware platform and innovative new applications, SAP HANA is designed to embrace the full capabilities of the SAP ecosystem.

What does general availability mean for you? Starting today, SAP will expand our market focus to reach beyond our initial 25 ramp-up customers and we are inviting partners to join us. To support your efforts we have updated the SAP Partner Portal with the latest sales and technical enablement material, and other resources designed to help support your business efforts. Visit often, as we will provide updates in the coming months to help partners meet their specific business needs. I encourage you to harness this new opportunity and plan your next move now!

     

Best regards,

Eric Duffaut
President, Global Ecosystem and Channels
SAP

 

Undoubtedly, in a tough and difficult economy, executives are challenged more than ever to strike the right balance between reducing costs and Making the targeted investments that will ensure future success and the continued uncertainty in the economic forecasts makes this balancing act even more challenging..

  •  Cost Control in Difficult Economy.
  •  Many technology alternatives.
  •  Supporting business agility with information solutions.
  •  Extend and leverage current investments.
  •  Risk mitigation and demonstrated chain of control.
  •  Mobile Workforce.
  •  Security of access

SAP BusinessObjects EPM Solutions :

SAP BusinessObjects enterprise performance management solutions offer comprehensive functionality for:

  • Strategy management – Set your goals, map your strategies, and then monitor and manage performance from high-level objectives down to operational metrics.
  • Business planning and consolidation – Increase accuracy in planning at every level in your organization, while reducing budget cycles and associated costs. Accelerate and improve your statutory and management reporting and decision making.
  • Financial consolidation – Complete your financial consolidation and reporting cycles faster – with complete confidence in your data.
  • Financial information management – Leverage powerful connectivity, mapping, and loading functionality designed for business users.
  • Intercompany – Accelerate your close by enabling your business units to debate and reconcile balances directly with one another and eliminate delays at the corporate and divisional levels.
  • Profitability and cost management – Identify the causes of underperformance, and take action to reduce costs and optimize profitability across dimensions such as product, customer, and channel.
  • Spend analytics – Realize measurable cost savings, and align sourcing goals with corporate goals by rationalizing and strategizing on supplier relationships.

Improved Effectiveness and Performance Control

Better Control Performance

  •  Understand how your strategies will be impacted by risk and adjust plans and expectations accordingly
  •  Reduce costs and increase working capital by closely monitoring and understanding company spending
  •  Increase profitability by gaining insight into your best  and worst customers, channels and products.

Increase Organizational Agility

  • Improve the quality and speed  of decisions by closing your books faster and more accurately.
  • Create what-if scenarios and plan versions so you can compare alternatives and act with confidence.
  • Understand the impact of changes so you can align operational capacity and support functions with demand

Greater Context for Decision Making

  • Empower every stakeholder to communicate, collaborate and execute on a defined plan of action in context and real-time.

 

 

FASB chairman Robert Herz announces that a public forum, slated for June, will kick off an effort to move American companies to international accounting standards.

Mark June 16 down in your BlackBerry. It's the day the Financial Accounting Standards Board and the Financial Accounting Foundation will host a public forum to discuss a new national blueprint for moving the United States to international financial reporting standards.

 

Learn about the announcement that SAP BusinessObjects, one of the world's leading provider of solutions that optimize business performance, has been positioned by Gartner, Inc. in the leaders quadrant of the "Magic Quadrant for Corporate Performance Management (CPM) Suites" report.
Continue

 
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Home arrow Blog arrow The Beginning of the End of GAAP
The Beginning of the End of GAAP PDF Print E-mail
Written by Administrator   
Wednesday, 21 January 2009

FASB chairman Robert Herz announces that a public forum, slated for June, will kick off an effort to move American companies to international accounting standards.

Mark June 16 down in your BlackBerry. It's the day the Financial Accounting Standards Board and the Financial Accounting Foundation will host a public forum to discuss a new national blueprint for moving the United States to international financial reporting standards.

FASB chairman Robert Herz made the announcement at a conference on Thursday, also held at Baruch College, and noted that the board continues to work with the International Accounting Standards Board (IASB) on their convergence project to create "something better than either U.S. GAAP or IFRS alone."

In October Herz floated the idea of a blueprint when he testified before the Senate Subcommittee on Securities, Insurance and Investment. At the time, he asserted that developing an "improved version of IFRS will be a complex process," and that "a smooth transition will not occur by accident." As a result, the blueprint should "identify the most orderly, least disruptive, and least costly approach" to move U.S. public companies to IFRS. In addition, Herz called for a target date and timetable to make sure there is adequate time for making changes to the current rules.

Those changes include getting rid of "carve-outs," local rule exceptions adopted by some countries that deviate from the version of IFRS that is sanctioned by the IASB. Another adjustment supported by Herz would be to strengthen IASB's position as an independent standard setter by establishing a sustainable source of funding. (It currently is supported by private-sector donations.)

One idea is to require countries that adopt IFRS to fund the organization. In 2002 the Sarbanes-Oxley Act boosted FASB's independence by requiring government funding for the board and its parent, the FAF. Before that, funding came from the private sector.

The call for a single set of global accounting standards will likely require a single standard setter, and that organization will probably not be FASB — something that Herz and other FASB members have publicly acknowledged. Indeed, last week FASB member Thomas Linsmeier said the "least important question [regarding the switch to IFRS] is what happens to FASB." Linsmeier, speaking at an industry conference sponsored by Pace University's Lubin School of Business, said that from a broad perspective, FASB's survival should not be what motivates the decision about moving to IFRS.

Before a transition to IFRS becomes a reality, however, other issues will have to be addressed, including how to change the CPA exam to coincide with IFRS, and how to rework accountant training, education, and auditing standards to put the American system in sync with international rules. What's more, the industry will have to evaluate how adoption of IFRS may change SEC policy and legal arrangements that are based on U.S. GAAP, noted Herz in his congressional testimony.

Next month's blueprint meeting will also be a good opportunity to work out which road companies eventually will take to become compliant with IFRS. The most pressing question is whether to operate dual accounting systems and have companies choose their adoption date within a specified window of time, or have FASB set a specific deadline for all companies to make the jump to IFRS.

Whichever path is taken, a few big accounting-practice issues will have to be settled between FASB and IASB before U.S. companies adopt the global standards. They include defining liabilities and equity, reworking financial-statement presentations, and revamping lease accounting and revenue-recognition rules.

In the meantime, FASB will continue to work on wringing complexity out of GAAP. For example, by the end of June, FASB's staff is due to release proposals on hedge accounting to resolve practice issues and make disclosures easier to understand. Further, the staff expects to issue proposals to eliminate qualified special-purpose entities from the accounting literature by revising FAS 140, and improve FIN 46R, the rule on consolidating variable-interest entities.

The SEC is also committed to moving U.S. companies to IFRS. While addressing the audience at the Baruch conference, Conrad Hewitt, the commission's chief accountant, said that while he "inherited the [IFRS] roadmap" from his predecessor Donald Nicolaisen, the "theme" at the SEC continues to be to move toward international accounting standards. Hewitt claimed that one of the legacies SEC chairman Christopher Cox will leave behind when he exits his post will be IFRS. He continued: "I think to compete in the future, we will have to move to IFRS."

Source : Marie Leone - CFO.com | US
May 2, 2008

 

Last Updated ( Tuesday, 04 August 2009 )
 
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