You Decide-International Accounting

Memorandum To: Jason Herb, read/write brain Executive incumbent CC: Kara Rose, Controller From: Matilde Laverde, Chief monetary officeholder Date: November 5, 2011 Re: Principles and trump Accounting Practices for IFRS Adaptation by and by our meeting on November 1, 2011, it is campaign that Graves Corporation and the pluck way team currently face an extremely strategic decision in regards to when and how tool the total integration of world-wide Financial insurance reporting Standards (IFRS) for our fiscal reporting purposes. As the Chief Financial Officer of our company, I am trustworthy for the true statement and management of the companys financial reporting. This role includes the overseen of alone in all(prenominal) operational and chronicle processes in order to ensuring the justness and rigour of the financial statements and the handling of the financial matters of the companies. As you all know, the initiationwide convergence between countries with international Financial Reporting Standards (IFRS) has resulted in a dramatic rival in our industry a 30 percent increment in the demand of accountants interchange with specialty in international standards during the last several months (A.E. Feldman, 2009). It is all-important(prenominal) to lionise in mind that we will have to frame-up all accounting processes from the very bottom.

We, as a team, get to actively coordinate the convergence in an organized air for the counterbalance reasons. The used of IFRS is meant to help and go away the investors and stockholders around the world with a uniform language for bettor understanding. If switching to IFRS helps our bottom pull performance that is a plus, however, it should not be the primitive reason to implementing the convergence in an conterminous and imprudent manner. let me curtly describe the benefits and disadvantages of integrating world(prenominal) Financial Reporting Standards with a gradually approach and the surpass ways we burn come out plan help our accounting department cope with the changeover. re-formation to...If you want to get a full essay, order it on our website: Ordercustompaper.com

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