Monday, February 23, 2009

Implications of GAAP and IFRS convergence

The GAAP and IFRS convergence impacts more than just the way accounting is taught in B-schools and financial statements are prepared. Expect possible changes in your tax reporting, cash management, IT reporting software, etc. To prepare for the transition, optional implementation periods for the new system are expected to begin as early as 2010.

Read More:
Do You Speak IFRS?
IFRS Conversion Promises Change for CFOs & Finance Departments
How Will IFRS Affect Tax Practitioners?

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