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Find a journal article online about the convergence of International Financial Reporting Standards (IFRS). Post a...

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Finance

Find a journal article online about the convergence ofInternational Financial Reporting Standards (IFRS). Post a link tothat article and provide a summary (approximately 250 words) and areaction (approximately 150 words) to the article. The summaryshould describe the major points of the article, and the reactionshould demonstrate your interpretation of the article and how youcan apply that knowledge.

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The article traces the history of the IFRS and the implementation progress till date IFRS standards have been set by the International Accounting Standards Board which has set out the standards for companies listed in 120 countries approximately Most countries in the globe have adopted to the IFRS or have converged with the standards However in the US the adoption has not happened on a full scale nor there is any concrete step towards IFRS converging Private companies in the US are free to adopt IFRS and prepare their financial statements according to the    See Answer
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Find a journal article online about the convergence ofInternational Financial Reporting Standards (IFRS). Post a link tothat article and provide a summary (approximately 250 words) and areaction (approximately 150 words) to the article. The summaryshould describe the major points of the article, and the reactionshould demonstrate your interpretation of the article and how youcan apply that knowledge.

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