Financial Accounting
15th Edition
ISBN: 9781337272124
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter B, Problem 3DQ
To determine
Indicate the organization or body or board that is responsible for establishing IFRS.
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What do you think the International Financial Reporting Standards (IFRS) are?
Discuss the principles and characteristics of the International Financial Reporting Standards (IFRS) and how they differ from Generally Accepted Accounting Principles (GAAP). What are the advantages and challenges of implementing IFRS globally?
List the types of authoritative pronouncements that constitute International Financial Reporting Standards (IFRS).
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