Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
What according to you are the biggest challenges of moving to IFRS?
Manager 1: Well, there are going to be a lot of changes. IFRS is known to be more principle based than the GAAP. The principles-based approach is sure to pose many more problems than the existing GAAP. This change would require a complete transformation for our organization at the strategic level. It is extremely important for the top management to put down a proper action plan for the implementation of IFRS. A proper strategy will need to be developed to ensure smooth conversion from GAAP to IFRS.
Manager 2: One of the biggest challenges is of course going to be to understand the accounting and regulatory landscapes that will prevail post the implementation of IFRS. Also, the availability of trained financial advisors is going to be a challenge. It is going to be important for organizations to have external consultants advising them on the change over to IFRS. Only the external consultants would be able to understand the requirements and thus apply them in a consistent manner. With all the organizations needing such external consultants, there is soon going to be dearth of IFRS experts. The change is going to have an impact on all aspects of the organization.
Analysis
IFRS is going to be a big challenge for all firms, big or small. Most companies feel IFRS is a mere accounting change. However, IFRS is not only about a change in the accounting policy, it is change that will require an entire transformation for organizations. The impact of IFRs will be seen on all stakeholders - customers, employees, lenders, investors, regulators etc. (Paul Rodgers, 2007) Expertsmind.com offers unique solutions in accounting.
Fertility: In order to study at which speed, at which the population is increasing, fertility rates are used which are of various types? Important among these are: Crude birth rat
Limitation of the Accounting. It information only accounting purchase, it is restricted to the accounting purchase only, and for example other elements which are not having any
Q. Example of inference? Ans. Thirty students from a college were surveyed and classified according to two variables: (1) gender (M/F) and (2) major (liberal arts, busines
when does the mode is said to be ill defined?
difference b/w historigrams & histogram?
SkyyMarley Airlines has determined that the price elasticity of demand for two customer segments (Coach and Business Class) is -1.35 and -2.50. Based on their expectations of prof
ggg
#definition
what is method of least squares
write about scaling technique
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd