In capital market‚ the financial reporting and corporate disclosure are important since
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Abstract The international accounting standards board (IASB) has replaced the international accounting standards committee (IASC) in 2001 and at the same time many standards of IFRS come from the International Accounting Standards which issued by IASC. After the new standards announce‚ the uptrend of globalisation has pushed more and more countries on their ways of adopting the international accounting standards. The drive for IASB is a British initiative and London is the headquarters for the IASB
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The Benefits of Adopting International Financial Reporting Standards (IFRS) In The United States by Michelle Minor Accounting 203 5/20/09 Most people believe that the conversion from each country’s GAAP to IFRS is inevitable‚ though there is nothing conclusive of how effective or successful this would be. In short‚ making the switch to IFRS is a great leap of faith by all who participate. Ideally IFRS is designed to be used by all companies worldwide‚ which is highly unlikely unless they
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VSRD International Journal of Business and Management Research‚ Vol. 3 No. 2 February 2013 e-ISSN : 2231-248X‚ p-ISSN : 2319-2194 © VSRD International Journals : www.vsrdjournals.com / 103 RESEARCH COMMUNICATION IFRS IMPLEMENTATION “ISSUES AND CHALLENGES FOR INDIA” 1 B. 1 Associate 2Researsh Kapoor and 2Jyoti Ruhela* Professor‚ Scholar‚ 1‚2Department Commerce & Business Administration‚ MMH College (CCS University)‚ Ghaziabad‚ Uttar Pradesh‚ INDIA. *Corresponding Author : jyotimbaicfai@gmail
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MFRS 111 Malaysian Financial Reporting Standard 111 Construction Contracts This version includes amendments resulting from MFRSs with effective dates no later than 1 January 2012. 495 MFRS 111 CONTENTS paragraphs Preface MALAYSIAN FINANCIAL REPORTING STANDARD 111 CONSTRUCTION CONTRACTS OBJECTIVE SCOPE 1–2 DEFINITIONS 3–6 COMBINING AND SEGMENTING CONSTRUCTION CONTRACTS 7–10 CONTRACT REVENUE 11–15 CONTRACT COSTS 16–21 RECOGNITION OF CONTRACT REVENUE AND EXPENSES 22–35 RECOGNITION
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term debt and equity capital via the global capital markets as opposed to the more traditional methods employed by the company of raising funds through the domestic markets. 2. Global Capital Revenue v Domestic Raising capital in the global market place has a number of advantages over raising capital solely in the domestic market place. The first advantage is that by going global it will open the company up a larger market and will provide far more opportunities to raise capital as opposed to only
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Abstract The study focused on the adoption process of International Financial Reporting Standards (IFRS) on a developing economy‚ with particular reference to Nigeria. The paper is based on the data obtained from literature survey and archival sources in the context of the globalization of International Financial Reporting and the adoption of International Financial Reporting Standards (IFRS).Nigeria has embraced IFRS in order to participate in the benefits it offers‚ including attracting foreign
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INTERNATIONAL FINANCIAL MARKETS 1. INTRODUCTION This section begins the study of the international financial system by exploring the structure of the international financial markets. The two interrelated systems that comprise the international financial markets are the international capital market and the foreign exchange market. 2. INTERNATIONAL CAPITAL MARKET A capital market is a system that allocates financial resources in the form of debt and equity according to their most
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The development in international trade and capital flows that has occurred over the previous two decades has increased the desire to harmonise accounting standards across the globe. The appeal of international accounting harmonization has been extensively discussed. Numerous academics Ali‚ J M (2005)‚ Adhikari and Tondkar (1992)‚ Saudagaran (1997) argue that adopting International Financial Reporing Standards (IFRS) would bring great benefits to society‚ such as comparability of statements between
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International Financial Market | Assignment - 01 V.Prabaseelan S/07/735 introduction to international financial market Background to international finance International finance as a subject is not new in the area of financial management‚ it has been widely covered earlier in international economics and it is only the fast growth of international business in the post-world war II and the associated complexities in the international transactions that made the subject as an independent
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