Overview of IFRS
The impact of IFRS adoption together with continued amendments to the standards stretches far beyond accounting and financial reporting to affect key business decisions. Access to up-to-date guidance and timely advice are essential as IFRS is adopted in many more countries, or new and revised standards are implemented. Consistent interpretation and application is also vital for companies operating in a global environment.
PKF International provides access to a number of resources and IFRS experts globally. In these pages you will find comparisons between IFRS and IFRS for SMEs and IFRS and Brazillian GAAP, a discussion on considerations for conversion from U.S. GAAP to IFRS and a suggested conversion methodology for IFRS adoption and how PKF member firms can help you with this (please go to Accounting advisory services ), Accounting Updates provide information on important accounting developments, and a selection of IFRS snapshots and summaries provide a quick overview of the most important provisions of the standards. The latest illustrative financial statements template is a useful guide to assist with layout and presentatation of IFRS financial statements.
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