ACCT 403 B01 ch11 communication case reply

ACCT 403 B01 ch11 communication case reply - use GAAP when...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
RE: Chapter 11 Communication Case reply It is true that if all companies started to use the IFRS, it would make comparisons on foreign companies more accurate. If companies did convert to using all of the IFRS, then it could market itself better with these foreign companies. did leave out that if a US company is operating in a foreign county and was using IFRS, then that parent company would not have to
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: use GAAP when organizing its consolidated financial statements. I do agree that it would be costly to convert to using the IFRS. The companies would have to have developed new software that adheres to IFRS. The companies would also have to train its accountants on as well. It would just depend on the company if it would want to make this step without the possible of the SEC conversion....
View Full Document

This note was uploaded on 03/09/2012 for the course ACCT 403 taught by Professor O during the Spring '11 term at Lee.

Ask a homework question - tutors are online