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I know conversion will help in harmonization of accounting reporting framework and all those benefits that are being taught, I want some serious answers not all those conventional "Advantages and disadvantages of conversion"
Just because in most part of the worls it is the ifrs not the GAAP
Exactly
Given that the world became a small village, in addition to the wide spread of mulitinational companies, it became necessary, but inevitable to find a common financial language. IFRS is "Common Global Financial language".
