Getting a Head Start: Preparing for the Switch to an International Accounting Standard

Barron, Jacob
January 2009
Business Credit;Jan2009, Vol. 111 Issue 1, p16
Trade Publication
The article discusses considerations concerning the convergence of the U.S. generally accepted accounting standards (GAAP) and International Financial Accounting Standards (IFRS) into a global accounting standard. It describes the trends on the landscape of financial reporting standards and the initiatives of the U.S. Securities and Exchange Commission towards convergence. As claimed, the convergence would change the financial statement system of the companies.


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