IFRS, What you Need To Know

Summary

Why is IFRS important?

* There are two major sets of accounting rules in the world: IFRS and US GAAP

* One set of standards world wide is of great benefit to investors for comparability & consistency purposes
- One accounting language

* More efficient for companies operating & reporting in multiple countries

Poster's Opinion

This was a very practical approach to IFRS and what it means to the CFO. We had a very lively discussion and debate on how this is going to effect all of us.

The opening line sums this up: "IFRS is like Global Warming, its coming, what are we doing to be prepared?"

Keywords

business, auditing, accounting, Boston, IFRS

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