Stacey Tedeschi provides an introduction to IFRS ‘International Financial Reporting Standards’.
Overview of IFRS
This video from Ernst & Young talks about the challenges in implementation of IFRS and the differences between IFRS and national GAAPS.
The International Financial Reporting Standards (IFRS), and US Generally Accepted Accounting Principles (GAAP), are the two most widely used accounting standards in the world. IFRS standards are set forth by International Accounting Standards Board (IASB), and GAAP principles are set forth by Financial Accounting Standards Board (FASB). GAAP is more widely used by US companies, […]