You Decide-International Accounting

Memorandum To: Jason Herb, read/write head Executive police officer CC: Kara Rose, Controller From: Matilde Laverde, Chief monetary Officer discover: November 5, 2011 Re: Principles and Best Accounting Practices for IFRS Adaptation by and by our meeting on November 1, 2011, it is concluded that Graves Corporation and the lift management team currently face an extremely strategical decision in regards to when and how implement the total integration of multinational Financial insurance coverage 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 all in all operational and accountancy processes in order to ensuring the correctness and rigour of the financial statements and the discourse of the financial matters of the companies. As you all know, the initiationwide convergence bet ween countries with internationalistic Financial Reporting Standards (IFRS) has resulted in a dramatic upkeep in our industry a 30 percent adjoin in the demand of accountants barter with specialty in international standards during the last several months (A.E. Feldman, 2009). It is all-important(prenominal) to keep in mind that we leave behind have to frame-up all accounting system processes from the very bottom. We, as a team, get to actively coordinate the convergence in an organized air for the right reasons. The used of IFRS is meant to help and declare oneself the investors and stockholders around the world with a uniform language for soften understanding. If switching to IFRS helps our bottom line performance that is a plus, however, it should non be the primitive reason to implementing the convergence in an fast and imprudent manner. let me briefly describe the benefits and disadvantages of integrating world(prenominal) Financial Reporting Standard s with a gradually approach and the surmoun! t ways we burn down plan help our accounting department cope with the changeover. regeneration to...If you want to get a full essay, order it on our website: BestEssayCheap.com

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