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Cost benefit analysis of convergence with IFRS

By: Contributor(s): Material type: Mixed materialsMixed materialsPublication details: 2013Description: 82-88Subject(s): NLM classification:
  • 658.1554
In: Journal of Banking, Info. Tech. and ManagementMSummary: In the present era of globalization uniform accounting standards for global business are generally expected. The Internaional Accounting Standard Committee (IASC) is committed to fulfil this expectation by developing a single set of standards forreporting financial statement,i.e. IFRS. The benefits that would flow from convergance with IFRS would be the high degree of reliability, relevance and comparability of international financial information and unifromity in quality of fiancial reporting across national borders.
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Item type Current library Call number Vol info Status Date due Barcode
Periodicals/Magazines Periodicals/Magazines SSCBS Library 10/1 Available P14860

In the present era of globalization uniform accounting standards for global business are generally expected. The Internaional Accounting Standard Committee (IASC) is committed to fulfil this expectation by developing a single set of standards forreporting financial statement,i.e. IFRS. The benefits that would flow from convergance with IFRS would be the high degree of reliability, relevance and comparability of international financial information and unifromity in quality of fiancial reporting across national borders.

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