Buckle Up (On the Road to IFRS), Straight Talk Book Series - Book No. 11

Sponsored By Deloitte

Topics:

Accounting > Accounting Standards

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Abstract:

Companies are seeking – with increased urgency – a greater understanding of the changes, opportunities, and challenges associated with managing a transition from U.S. GAAP to IFRS. By 2009, some public companies will have the option of IFRS reporting, and this option may expand to additional companies over time. Mandatory use of IFRS in the U.S. is likely to begin in 2014.

For many U.S. companies, an early transition to IFRS has appeal. Simplified reporting. Reduced operating costs. Greater transparency and comparability for investors. Improved access to capital. Equally important, some companies see their competitors already embracing IFRS. That’s why momentum toward IFRS adoption has been steadily building, even before it's required.

The 11th book in our "Straight Talk" series helps executives understand the implications of IFRS and their role in addressing the associated changes. The publication also offers practical suggestions to help companies navigate through these important issues.

DETAILS

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Released: December 16, 2008

Length: 17 pages

Format: PDF (3661 kb)

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