 World Going IFRS
International Reporting Standards Gain Global Recognition by Lawrence Richter Quinn (Contact Author | Biography) Consider it a gift to global investors - the ability, for the first time ever, to make "apples-to-apples" comparisons of financial numbers produced by corporations, no matter where they're headquartered. That's what the International Financial Reporting Standards (IFRS) aim to accomplish. As of July 2008, for the first time since 1973 when the London-based International Accounting Standards Committee (IASC) , now the International Accounting Standards Board, was established, the standards will be a global reality. These standards will be recognized globally and will be set for organizations large and small. This article will cover how IFRS stand to alter global accounting procedures and what their adoption means for financial statement analysis. more... KPMG Deloitte
Pricewaterhouse Coopers
Ernst & Young
See which countries require IFRS
|
Group Project Business 188 |
Who uses IFRS? |
