You Decide-International Accounting

Memorandum

To: Jason Herb, read/write head Executive Officer
CC: Kara Rose, Controller
From: Matilde Laverde, Chief monetary Officer
Date: November 5, 2011
Re: Principles and Best Accounting Practices for IFRS Adaptation

by and by our meeting on November 1, 2011, it is concluded that Graves Corporation and the cabbage management team currently face an extremely strategic decision in regards to when and how implement the total integration of multinational Financial insurance coverage Standards (IFRS) for our financial reporting purposes. As the Chief Financial Officer of our company, I am responsible for the true statement and management of the companys financial reporting. This role includes the overseen of all in all operational and accounting processes in order to ensuring the correctness and rigour of the financial statements and the handling of the financial matters of the companies.

As you all know, the initiationwide convergence between countries with International Financial Reporting Standards (IFRS) has resulted in a dramatic concern in our industry a 30 percent increase in the demand of accountants barter with specialty in international standards during the last several months (A.E. Feldman, 2009).

It is all-important(prenominal) to keep in mind that we will have to frame-up all accounting processes from the very bottom.



We, as a team, get to actively coordinate the convergence in an organized air for the right reasons. The used of IFRS is meant to help and provide the investors and stockholders around the world with a uniform language for better understanding. If switching to IFRS helps our bottom line performance that is a plus, however, it should not be the primitive reason to implementing the convergence in an immediate and imprudent manner.

let me briefly describe the benefits and disadvantages of integrating International Financial Reporting Standards with a gradually approach and the best ways we burn down plan help our accounting department cope with the changeover.

regeneration to...If you want to get a full essay, order it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper