Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Write three Things show the advantages of converting to IFRS?

Accounting Auditing Internal Audit IFRS Finance
user-image
Question added by Nour Eddin AlMadani , Operation Financial Officer , AlHilal Capital Managment Advisory
Date Posted: 2014/02/07
Upvote (7) Views (4) Followers (3) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

  1. A business can present its financial statements on the same basis as its foreign competitors, making comparisons easier.

  2. Companies with subsidiaries in countries that require or permit IFRS may be able to use one accounting language company-wide.

  3. Companies may also benefit by using IFRS if they wish to raise capital abroad.

 

Write Your Answer
More Questions Like This