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Most Popular Group Content
IFRS
Welcome to the group which deals with the resolving the International Financial Reporting Issues (IFRS) for your organizations.
What are your thoughts on when and how IFRS should be adopted in the U.S.?
Posted Wed, 01/18/2012 - 7:31am by Sunil Thukral (Technical Accounting/Rep)
Please share with the group as to your thoughts as to the best way the IFRS being incorporated in the U.S. Should IFRS be adopted for all the companies - both listed and private companies? Will there be a benefit for the adoption of the IFRS?
2 Comments
2011 PWC Survey: Companies' thoughts on the best timing and methods for incorporating IFRS -
Posted Sun, 12/18/2011 - 1:56am by Sunil Thukral (Technical Accounting/Rep)
http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=KOCL-8PHQFR&SecNavCode=ASPP-4WBLAQ&ContentType=Content
0 Comments
What resources are you using to keep up to date with IFRS?
Posted Thu, 02/03/2011 - 11:27am by Sunil Thukral (Technical Accounting/Rep)
IFRS is gaining more and more significance for the countries around the world. There is also an expectation that the IFRS will be adopted in the U.S., this is dependent on the final decision from the U.S. SEC that is expected sometime in June 2011. What are you or your companies doing to get familiarized with the latest IFRS developments?
6 Comments
Just curious to know, as to what brought you here to "IFRS" group?
Posted Mon, 04/12/2010 - 7:40am by Sunil Thukral (Technical Accounting/Rep)
http://www.theIFRS.com
Just curious to know, as to what brought you here to this group? Is it the nature of your professions / job that requires you to obtain better understanding of the new accounting standards? Is it the fear of what will happen when U.S. GAAP is fully replaced with International Financial Reporting Standards (IFRS).
3 Comments
IFRS Presentation and Disclosure checklists
Posted Sun, 03/21/2010 - 4:32pm by Sunil Thukral (Technical Accounting/Rep)
If you are preparing financial statements using IFRS or implementing IFRS for the first time, suggest you make use of the disclosure checklists that have been prepared by the Big 4 accounting fi
0 Comments
Document Type(s): weblink
Illustrative consolidated financial statements under IFRS
Posted Sun, 03/21/2010 - 4:29pm by Sunil Thukral (Technical Accounting/Rep)
This resource provides a realistic set of financial statements for a corporate entity, based on the requirements of IFRS standards and interpretations for financial years beginning on or after 1 January 2009.
0 Comments
Document Type(s): weblink
SEC on IFRS: Not So Fast......
Posted Wed, 03/03/2010 - 7:22pm by Sunil Thukral (Technical Accounting/Rep)
http://cfo.com/article.cfm/14478612/c_14479673?f=archives&origin=archive
The Securities and Exchange Commission has extended its time line for requiring U.S. publicly traded companies to apply international financial reporting standards to their financial statements: the earliest that U.S. companies may be able to use IFRS is now 2015.
0 Comments
IFRS and US GAAP: similarities and differences
Posted Mon, 11/09/2009 - 8:49pm by Sunil Thukral (Technical Accounting/Rep)
http://ugaap.com/blog/?p=338
Much has changed over the past year — market conditions, near-term convergence between IFRS and US GAAP, and the issuance of important new standards. IFRS is affecting US and non-US companies in a variety of ways and this will increase as non-US subsidiaries adopt IFRS elsewhere in the world and as key aspects of US GAAP and IFRS continue to converge.
1 Comment
Will SEC/FASB give away U.S. GAAP for IFRS?
Posted Mon, 10/12/2009 - 5:14pm by Sunil Thukral (Technical Accounting/Rep)
SEC has a road map which would allow the U.S. to implement IFRS sometime in 2014. Will SEC/FASB give away U.S. GAAP for IFRS? What are your thoughts on this issue?
2 Comments
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