Introduction to International Financial Reporting Standards: Geared to help practitioners understand exactly what the standards are, as well as implementation issues, and application issues, and the basic framework for IFRS.
IFRS and Convergence with U.S. GAAP: Provides an overview of the future of accounting standard setting and discusses practical implications if a full-scale adoption of international standards takes effect.
IFRS may become the new standard for accounting practitioners, but until all of the facts are in, it’s business as usual … with an eye on the future. Whichever path accounting standards take, the most important tool professionals can have is education, and the most important skill is preparation.
“Stay tuned and don’t panic,” Kerr says. “Things are changing quickly and you need to know what’s going on, but we still don’t have a clear picture of where this is all going to end up.”
Written by Laurie Dent
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