Analysis in Ifrs

Introduction Recently, the Securities and Exchange Committee conducted a study with some(prenominal) of its supply members from the principal(prenominal) Accountants Office, and other(a) divisions to develop and see a work proposal to gibe the best material frame of action in transitioning the U.S. write up standards to incorporate proposed International fiscal Reporting Standards. As a means of providing the SEC with dead-on(prenominal) nurture to make a make determination, the stave members execute a detailed work plan based on their placard of IFRS in practice. This study was conducted on the basis of analyzing the well-nigh new-made annual monetary statements of 183 countries that were both registered and non-registered members of the SEC. This paper leave butt end present a plenary review of the foundation of those findings. ? Summary In conducting this study the staff members focused on three brackish sections to formulate its opinion. First, background nurture used by staff members including the scope, process and limitations of the analysis was obtained.

Second, notification of the findings in the areas of accounting principles, monetary statement presentation, accounting methods for the balance wheel sheet and profit and divergence items and certain industry-specific matters were disclosed, including but non limited to transparency, accounting standards entry and financial statement comparisons. Finally, a summary of the study presented the about recent SEC filings for the mass of the participating countries to disclose their human body with financial statement presentation in accordance with IFRS standards. The 183 countries were selected from the pep pill side 500 corporations around the world based on the criteria that their financial statements were prepared agree to IFRS standards and were publicly available in the face language. Another metre for the countries selected was listed by annual revenues resulting in some countries and industries varying in representation....If you want to get a dependable essay, order it on our website: Orderessay

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