Hot Topics: Moroccan Local GAAP vs IFRS

Here I am, back from several trips to Alstom Morocco (Casablanca city), nice cliamte, nice people :-)

I am currently the Project Manager because of the Arabic language and culture (which facilitates my communication with the Local Team) and also due to my experience in B1 implementations using the French Localisation which is used in this Deployment.

We had accomplished some steps of the deploymnent.
- Impact Analysis workshops
- Key users (17 people) Basic Trainings: Standard SAP Business One Processes
- Advanced Trainings given to Finance Team and Controllers: Alstom Project management and Controlling Addons

We are now analysing the hot topics and the change requests to apply to the Alstom PMX Light Template before we start the Users Acceptance Tests which will be followed by the Data Migration.

Some of the hot topics are:
- Construction Contracts In Progress (CCIP) which must be calculated in IFRS and not in Moroccan GAAP
- Stock Management which must be handled in Moroccan GAAP in different way than IFRS
- Deferred Tax and VAT Declaration

                                   Having a Moroccan meal with the project team. From right to left:
                        Alstom Finance Expert, Functional Consultant, Head of PMX Light Team, Me :-)