You Decide-International Accounting

Memorandum To: Jason Herb, read/write head Executive policeman CC: Kara Rose, Controller From: Matilde Laverde, Chief monetary Officer realize: 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 clams management team currently face an extremely strategical decision in regards to when and how implement the total integration of world-wide Financial insurance coverage Standards (IFRS) for our monetary reporting purposes. As the Chief Financial Officer of our company, I am responsible for the true statement and management of the companys financial reporting. This role includes the overseen of all in all operational and score 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 between countr ies with worldwide Financial Reporting Standards (IFRS) has resulted in a dramatic line of work in our industry a 30 percent growth 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 go away have to frame-up all accounting 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 admit the investors and stockholders around the world with a uniform language for break up understandi ng. If switching to IFRS helps our bottom li! ne performance that is a plus, however, it should not be the primitive reason to implementing the convergence in an speedy and imprudent manner. let me briefly describe the benefits and disadvantages of integrating internationalistic Financial Reporting Standards with a gradually approach and the dress hat 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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