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1. What is IFRSTRACK?
   IFRSTRACK handles the project planning, analysis, management and dual reporting requirements for an IFRS conversion project through a phased approach to project management. Following are the steps to conversion:
   

   
   • Phase 1: Disclosure of Preliminary Plans.
   • Phase 2: Review of Accounting Policy and Adjusting Project Plan.
   • Phase 3: Dual Reporting and Conversion.
2. Does IFRSTRACK provide predefined Industry templates?
   Yes, IFRSTRACK provides predefined industry templates showing the differences with respect to Canadian / US GAAP and IFRS.
3. Does IFRSTRACK team upload the accounting policies or the company has to do that in the 2nd phase?
   IFRSTRACK development team will help in uploading the existing accounting polices for its clients on the system in phase 2.
4. Is IFRSTRACK updated frequently with any new changes or rules?
   Yes, the development team of IFRSTRACK will update the system with any new changes or rules.

If there are any further questions, please Contact Us .

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1. What is the format of the IFRSTRACK demo, and how long would it take?
   The IFRSTRACK Demo is an online meeting that is conducted with one single company to address the specific needs of that company, and therefore it can be very flexible. The demo can take as short as 15 minutes or as long as 1 hour, depending on the specific features and topics you would like to address. The average demo usually takes between 35 and 45 minutes.
2. What will be covered in the demo?
   The presenter will guide you through a tour of IFRSTRACK’s main features and benefits including all the differences with respect to Canadian/ US GAAP and IFRS. The demo is a one-to-one interactive seminar that is designed to address all your specific interests and questions along its way.
3. Can I try IFRSTRACK before buying it?
   You will have the opportunity to try IFRSTRACK during the training and our IFRS Expert will be there to guide you and to answer your questions.
4. When does the license period start?
   The licensing period starts from the time that you determine to subscribe to our service, which is right after the training.
5. What do I have to pay if after the training I decided that I do not need IFRSTRACK?
   None. Your company would not be under any obligation to pay anything if you so decide not to take our services.
6. What Infrastructure do I need in order to access and use IFRSTRACK?
   To access IFRSTRACK, all your need is a computer and an Internet connection. This means that you can access IFRSTRACK anytime from anywhere in the world.
7. What if I need support after Implementing IFRSTRACK?
   We have a support team providing 24 by 7 support that can be reached either by phone or email, depending on your preference. In case you do not get hold of a live support person, our average response time to e-mails and voice mails is 15 minutes. Our support team is highly professional. The Support Team will answer all your questions whether they are related to the system functionality or related to the IFRS conversion.
8. What is the cost of IFRSTRACK?
   The annual cost of IFRSTRACK depends on your company’s market capitalization. The fee structure and the pricing policy is normally discussed in more detail at the end of the IFRSTRACK demonstration. Having said that, all IFRSTRACK clients have indicated to us that the value that they get from IFRSTRACK far surpasses the annual fees.
9. I have staff in multiple geographic locations, can they use IFRSTRACK?
   Absolutely. IFRSTRACK is available via the Internet and can be accessed from anywhere in the world.
10. When did IFRSTRACK start?
    The parent company and creator of IFRSTRACK, SyncBASE Inc, started in 2003, and specializes in building software products for accounting solutions.

If there are any further questions, please Contact Us .