International Financial Reporting Standard Essay Examples

7 total results

A Comparison of the International Financial Reporting Standards (IFRS) and the United States Generally Accepted Accounting Principles (1012 words, 4 pages)

This paper provides a comparison between the International FinancialReporting Standards (IFRS) and the United States Generally AcceptedAccounting Principles (GAAP) and how they are differentiate from eachother. There is also a description of fair value, depreciation, revaluationof plant assets, and how IFRS defines contingent liability. There is anexplanation of similarities and ... Read More

A Summarization of the Differences Between Generally Accepted Accounting Standards and International Financial Reporting Standards (3685 words, 13 pages)

In the United States, public companies follow the accounting procedures established by the Financial Accounting Standards Board. These Generally Accepted Accounting Standards, commonly referred to as GAAP, create a general consensus within the profession and facilitate efficient investment in the capital markets. However as the nature of business more recently ... Read More

The Transition of Israel to International Financial Reporting Standards (581 words, 1 pages)

Beginning in 2008, most Israeli public companies were required to adopt International Financial Reporting Standards (IFRS) for financial reporting. Previously, Israel followed its own set of financial reporting standards, Israeli GAAP, which was very rules-based, in comparison to the more principles-based IFRS. Israels process of adopting IFRS was transparent and ... Read More

The Objectives and Impact of the International Financial Reporting Standards (IFRS) (2470 words, 9 pages)

Accounting and finance are two different things in nature, but most of the people regarded both of them as a single thing (Danielson Scott 2004). A large difference could be found among the basics of accounting and finance-based literature (Danielson Scott 2004). Accounting is the name of recording the day-to-day ... Read More

The Role and Significance of the International Financial Reporting Standards (766 words, 3 pages)

chat.onload(function(chats, online) var link ("content1chatid") link.onclick function(e) chat.openrandom(0) return false ) chat.onupdate(function(chats, online) )The International Financial Reporting Standards (IFRS) and the U.S Generally Accepted Accounting Principles (GAAP) have for a long time reflected varying approaches in the reporting standards of earnings from business and assets. IFRS primarily provides specific objectives ... Read More

The Development and Adoption of the International Financial Reporting Standards in the Republic of Bulgaria (1161 words, 2 pages)

Introduction of IFRS for small and medium companies in BulgariaIn this essay we discuss the development and adoption of the International Financial Reporting Standards (IFRS) in the Republic of Bulgaria. Most of the characteristics and features apply not only to this country, but also to most developing economies in Europe. ... Read More

An Overview of the International Financial Reporting Standard (IFRS) (864 words, 2 pages)

Introduction In 2002, the Financial Reporting Council (FRC) announced that Australia would adopt the accounting standards issued by the International Accounting Standards Board (IASB) from 2005(Baxter 2005). After the first of July 2005, the new standards (IFRS) start to use across national border. companies would be required to report current ... Read More

Published: Friday 25th of January 2013