International Financial Reporting Standards - Are You Ready?
The issue of International Financial Reporting Standards (IFRS) is becoming increasingly important as many countries plan to adopt international standards in the near future.
The European Union requires all listed companies to prepare their accounts in accordance with IFRS by 2005. This is likely to impact directly on around 7,000 organisations.
The implications of the new rules are complex and the timeframe restrictive. Full convergence will involve intensive preparation and staff training. Lack of knowledge in this area will be a major constraint to successful and quick adoption of IFRS.
As the largest and fastest growing international accountancy body, ACCA can help you and your organisation to be prepared and develop expertise in international financial reporting standards. We offer a range of qualifications, study materials and services which can help develop your understanding of the concepts and principles of IFRS.
For those wanting to develop their expertise, we offer qualifications on International Financial Reporting Standards at Diploma and Certificate level. Both qualifications are designed to provide an understanding of International Accounting Standards (IAS) and IFRS – and their application in the international marketplace.
For further information visit www.accaglobal.com/ifrs or tel: 0141 582 2000.