The new international accounting standard is aimed at more consistent reporting that’s better aligned with how businesses are ...
International Financial Reporting Standards (IFRS) are destined to be the lingua franca of the international accounting world. Approximately 100 countries already require, allow or are in the process ...
GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...
You can save this article by registering for free here. Or sign-in if you have an account. By Jan. 1, 2011, small and medium Canadian companies will have to decide what standard to use in reporting ...
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IFRS publishes new accounting standards for SMEs
Certain topics have been removed from the standard, including earnings per share, interim financial reporting.
KPMG in Kuwait successfully hosted its annual IFRS workshop, “Insights into IFRS,” bringing together over 150 finance professionals and business leaders ...
As a direct consequence of the new International Financial Reporting Standards (IFRS), all companies that lease property to operate their businesses will see a significant increase in reported assets ...
The Investment Industry Regulatory Organization of Canada intends to require all of its firms to adopt International Financial Reporting Standards. An IIROC notice issued Monday sets out the results ...
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