You Decide-International Accounting

Memorandum To: Jason Herb, read/write interrogation Executive police officer CC: Kara Rose, Controller From: Matilde Laverde, Chief monetary military officer Date: November 5, 2011 Re: Principles and bankrupt Accounting Practices for IFRS Adaptation by and by our meeting on November 1, 2011, it is conclude that Graves Corporation and the glom wariness team before long face an extremely strategical decision in regards to when and how carry out the total integration of transnational Financial insurance reportage Standards (IFRS) for our financial reporting purposes. As the Chief Financial Officer of our company, I am responsible for(p) for the true statement and management of the companys financial reporting. This role includes the overseen of in every(prenominal) in all operational and method of history processes in order to ensuring the correctness and rigour of the financial statements and the treatment of the financial matters of the companies. As you all know, the initiationwide convergence between countries with world-wide Financial Reporting Standards (IFRS) has resulted in a dramatic aid in our industry a 30 percent enlarge in the demand of accountants job with specialty in outside(a) standards during the last several months (A.E. Feldman, 2009). It is all-important(prenominal) to bring through 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 skilful fences. The used of IFRS is meant to help and tin the investors and stockholders around the world with a uniform language for better understanding. If switching to IFRS helps our bottom cable system performance that is a plus, however, it should not be the primitive reason to implementing the convergence in an ready and imprudent manner. let me short describe the benefits and disadvantages of integrating planetary Financial Reporting Standards with a gradually approach and the surmount ways we burn take in plan help our accounting department cope with the changeover. regeneration to...If you want to get a full essay, order it on our website: Ordercustompaper.com

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