Financial Reporting Standards - Video
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This video by Arif Irfanullah provides a very clear understanding of the Financial Reporting Standards as a part of the CFA Level 1 syllabus. This first video talks about:
- Objective of Financial Statements
- Importance of Reporting Standards
- Standard Setting Bodies
- IASB - Stated Goals
- International Organization of Securities COmmissions (IOSCO)
- Barriers to Developing One Standard (Convergence)
- IASB Framework
- IASB General Requirements
- FASB Vs. IFRS GAAP Frameworks
- Characteristics of Effective Framework; Barriers
- Standard Setting Approach