Last decade has observed various changes of doing business across the world. The process of financial reporting of business activities also underwent a great change. This started in 2005 when European Union made it mandatory for publicly traded companies to present consolidated financial statements in conformity with International Financial Reporting Standards (IFRS) starting from January 01, 2005. Earlier, since the late 1990s, companies in some European and Asian countries were allowed to use International Accounting Standards (IAS) as a substitute for their respective domestic Accounting Standards. But IFRSs were adopted legally first time in 2005 by European Union. Other countries with developed capital markets have adopted or in the process of adopting IFRS for reporting purposes. Many countries are replacing their national standards with IFRSs while some other countries have adopted this approach of first reviewing the IFRSs, ensure their suitability with their economic, political and social conditions and then adopt these IFRSs verbatim or with minor changes. India has made IFRS mandatory from April, 2015. Time to gear up and surge ahead in your career by doing Dip IFRs Course, ACCA, London. IFRS is the need of the hour.......... IFRS CLINIC, New Delhi partner with ConsultIFRS is starting its DELHI batch from 25th December. Our faculty Mr. Rammohan N Bhave (Limca record holder in ifrs training n implementation) has a vast experience of training around 3000+ students in this field. Dont wait n get yourself registered for Dip IFRs program. Contact Dr Jasmin Kaur at 9811160007. ifrsclinic
Posted on: Tue, 14 Oct 2014 07:49:54 +0000
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