"Soft" Points of International Financial Reporting Standards

Riistama, Veijo
December 2011
Liiketaloudellinen Aikakauskirja;2011, Issue 4, p445
Academic Journal
An essay on a joint project by the International Accounting Standards Board and U.S. Financial Accounting Standards Board on the convergence of International Financial reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles is presented. It examines the role of Framework for the Preparation and Presentation of Financial Statements, a set of basic principles for IFRS in the project. The author also highlights inconsistencies of the International Accounting Standards.


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