Managing the change
Article Abstract:
The investment funds industry still has to deal with a number of important issues that deserve careful attention while other financial sector companies may claim to face bigger challenge on converting to International Financial Reporting Standards (IFRS). The broad principles of IFRS and UK GAAP are consistent, and at first glance the requirements appear very similar, however, it is the detailed guidance provided by IFRS that often requires a change in accounting treatment.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2004
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Will the GAAP widen for SMEs?
Article Abstract:
The various issues to be identified and the alternatives to be evaluated by the International Accounting Standards Board (IASB) in its role of setting standards for small or medium-sized entities (SMEs) are addressed. A summary of the responses from various standard-setters of the global economy regarding the factors that the IASB should consider in developing SMEs Generally Accepted Accounting Principles(GAAP) is presented.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2004
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