Ifrs and benefits in organization, Financial Accounting

Develop a paper that explains the emerging role of international financial reporting standards and how it affects your particular organization. Your paper should assess the adequacy of implementing international standards in your firm.

The paper should be about 2 pages and describe some key issues in your company. Some of the questions to ask yourself include:

  1. Is IFRS being used in my organization?
  2. Why should I know about IFRS and how it benefits my role?
  3. Why is it important for my company?

In addition to financial reporting, IFRS conversion impacts core business issues. Which do you believe are the two most important aspects of an organization affected by IFRS implementation?

 

Posted Date: 2/19/2013 2:18:39 AM | Location : United States







Related Discussions:- Ifrs and benefits in organization, Assignment Help, Ask Question on Ifrs and benefits in organization, Get Answer, Expert's Help, Ifrs and benefits in organization Discussions

Write discussion on Ifrs and benefits in organization
Your posts are moderated
Related Questions
What Accounting method (cash or accrual) would you recommend for the following businesses? a. A gift shop with average annual gross receipts of $900,000 b. an accounting partnershi

Court jurisdiction A court may limit a grant of representation which it has jurisdiction to make, as follows: 1. Where the will has been lost or mislaid since the testator's

You may just be wondering as to see that how we control activities by ratios. The answer is not tough to seek. Ratios we have known for control of activities measures relationships

How Accounting objectives can be achieved There are two main ways by which this can be achieved: All the accounting records are maintained at the head office; or Each

Q. Participation of Employees in Management? To facilitate meaningful and effective participation of workers in the management process it was decided in March 1994 that the Cor

On January 1, 2011, Doty Co. redeemed its 15-year bonds of $2,500,000 par value for 102. They were originally issued on January 1, 1999 at 98 with a maturity date of January 1, 201

Tony and Suzie are ready to expand Great Adventures even further in 2019. Tony believes that many groups in the community (for example, Boy Scouts, church groups, civic groups, and

Book :Accounting Research :Tools and Strategies • Facts: • Sony is a Japanese multinational company that decided to expand its entertainment business in the United States. Sony

what is the profitability of

1) The detailed information is on the second tab marked "Financials". Enter summarized Balance Sheet and Income Statement information for Cummins into the template on the "Summary