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SyncBase and OPTRACK announce quick IFRS conversion support for Canadian Companies

The January 1, 2011 deadline for Canadian publicly traded companies to flip the switch to IFRS is quickly approaching us.

As you are aware, Stock-based Compensation is one of the more complex issues to be addressed within IFRS. For Reporting under IFRS, OPTRACK, our web based application that handles the accounting and administration for stock based compensation provides IFRS-2 compliant option expense, reporting and disclosures, and IAS-33 compliant share dilution report. The primary difference between IFRS and Canadian/US GAAP is the fact that not only do the assumptions need to be disclosed, but the justification of these assumptions need to be disclosed as well, as specified in Paragraph-44 in IFRS-2. OPTRACK fully provides the justification of every calculation and assumption provided.

Have you completed the conversion process for your Stock Based Compensation to fully comply with IFRS? If the answer to the question is no, it's not too late, we can help. OPTRACK is fully IFRS compliant and will help you to painlessly convert your stock based compensation plan in a matter of minutes no matter how complex your plan may be.

Learn more about OPTRACK

Hard to believe? Call our Product Manager, Kushal Mehta today at 647-833-7647 or email him at kmehta@optrack.net and let our IFRS stock based compensation experts show you how OPTRACK will save you time, money and a huge headache!!

Sincerely,


Ramy Taraboulsi
SyncBASE Inc.

phone: 416-258-1376

Edited Thu, Oct 4, 2012 11:07 AM

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