http://wer6.statesofunitedstates.com/?p=292
http://farella.informationarticles.info/?p=82
http://1jaworski.raygunn.info/?p=202
http://1plankey.raygunn.info/?p=111
http://paedonymic.celebritybeauty.info/?p=755
http://11petosa.travelinfohouse.info/?p=278
http://ghh4.productreview08.com/?p=96
http://03.websearchnet.info/?p=195
http://5conkle.celebritybeauty.info/?p=169
http://cyndy.kingqueene.info/?p=68
http://kenisha.traveltrinitron.info/?p=41
http://ghh1.productreview08.com/?p=89
http://donnybein.flacotravel.com/?p=214
http://keilapompa.genepoole.info/?p=187
http://mnm4.productreview08.com/?p=191
http://letteney.alphawolfe.info/?p=103
http://7losey.productreviewpot.info/?p=249
http://7apo.limelightcelebrity.info/?p=246
http://qq1.productreviewbell.info/?p=222
http://dexter.kingqueene.info/?p=7
http://7glaze.productreviewpot.info/?p=180
http://mnm6.productreview08.com/?p=193
http://11shelba.travelinfohouse.info/?p=359
http://caconym.celebritybeauty.info/?p=138
http://7yung.statesofunitedstates.com/?p=160
http://mnm12.productreview08.com/?p=114
http://lassalle.travelinfohouse.info/?p=20
http://11dovie.travelinformationsource.com/?p=152
http://chiles.traveltrinitron.info/?p=196
http://campble.netarticlespot.info/?p=90
http://blizzard.productreview08.com/?p=404
http://ccc1.domaindirectoryweb.info/?p=351
http://locante.alphawolfe.info/?p=28
http://qq2.productreviewpot.info/?p=176
http://wer18.statesofunitedstates.com/?p=95
http://downing.internetarticlessource.info/?p=150
http://brandenlemoine.flacotravel.com/?p=11
http://5pritchell.celebritybeauty.info/?p=99
http://5eschborn.productreview08.com/?p=235
http://qq4.reviewproductline.info/
http://ghh1.productreview08.com/?p=276
http://monsoon.productreview08.com/?p=73
Many experts speculate the United States is on track to switch to IFRS as early as 2014. Ultimately, the SEC, government, and FASB (Financial Accounting Standards Board) are the controlling powers as far as the adoption of IFRS. Some large multi-national corporations with foreign subsidiaries have begun using IFRS. The FASB has stated that it will include IFRS questions on their CPA exams starting in 2011. Also, businesses and institutions of higher education are already training accountants in IFRS procedure. American multi-national conglomerates are pushing for IFRS because they will not have to keep two sets of accounting books – one for GAAP and one for international subsidiaries that are required to use IFRS. Considering all of Europe and the leading economic powers of Asia, South American, and Africa have all adopted IFRS, it seems as though the United States will, too.
Advantages of IFRS
If the United States switches to IFRS as their accounting principle standard, all publicly traded companies would report on the new international standard. This change would not affect not-for-profit institutions and small businesses. By switching to IFRS, American international businesses would become more competitive because global investors would be able to decipher companies financial statements with less difficulty and with greater confidence. Because they would already be familiar with the accounting standards of IFRS, investors may be more likely to invest in companies since they have an understanding of accounting principles of revenue, inventory, liabilities, etc. For example, GAAP and IFRS report inventories differently. So a prospective investor familiar with IFRS more clearly understands the financial position of a company. This benefit is on a smaller scale. One must also consider investments on a larger scale. Foreign corporations are also more likely to invest in US businesses if everyone was adhering by the same standards. Studies have shown a convergence from GAAP to IFRS, more often than not, improves a companies financial statements with IFRS. This is good news for businesses as well as investors.
http://letteney.alphawolfe.info/?p=73
http://seoul.raygunn.info/?p=138
http://caconym.celebritybeauty.info/?p=252
http://7glaze.productreviewpot.info/?p=76
http://bb21.myhollywood.info/?p=198
No comments:
Post a Comment