Assignment for my course "International Accounting and Consultancy". Writer MUST be ON TIME. Writer needs to send me somethinganything on the 13thMarch UK tim

Undergraduate
Essay
Miscellaneous
Pages 12 (3012 words)
Download 0
The purpose of International Financial Reporting Standard 8 (IFRS 8) 'Operating Segment' issued by the International Accounting Standards Board (IASB) is to eliminate major differences between IFRS and US Generally Accepted Accounting Principles (GAAP) and also to improve the financial reporting…

Introduction

The IFRS make the entities achieve this purpose by enabling them to provide segment wise information. However the entities do not incur any excessive cost for such reporting; they are able to make only at a little extra cost. IFRS 8 arises from the IASB's comparison of International Accounting Standard 14 (IAS 14) 'Segment Reporting' with the US standard SFAS 131 'Disclosures about segments of an Enterprise and Related Information'. IFRS 8 replaces IAS 14 and aligns Segment reporting with the requirement of SFAS 131. This paper envisages a critical analysis of the impact and usage of the introduction of IFRS 8 and the extent to which this standard aids in achieving the convergence between national accounting standards and IFRS to deliver high-quality solutions.
that files, or is in the process of filing, its (consolidated) financial statements with a securities commission or other regulatory organisation for the purpose of issuing any class of instruments in a public market.
However, when both separate and consolidated financial statements for the parent are presented in a single financial report, segment information need be presented only on the basis of the consolidated financial statements. (Deloitte Paper)
International Accounting Standards Board (IASB) based in London represented and funded by major acco ...
Download paper
Not exactly what you need?

Related papers

Assignment for the subject "Organizational Behavior". Writer MUST be ON TIME. Writer needs to send me some outlineideasANYTHING on the 10thMarch UK time 11am
It is not only the behaviour that is important in organisation, rather it is the elements that make up the behaviour that determine the extent to which people are working towards the organisational goals. This essay illuminates the impact of organisational culture on people's behaviour and elaborates how cultural environment affects performance.…
Rewrite PERSONAL DEVELOPMENT PLAN papers based on tutor's feedbacks for my course "International Strategy Management". Writer MUST be ON TIME. Writer needs to s
In today's rapidly changing business environment where competition is very fierce I realise that in order to succeed I need to discover and capitalize on his personal competencies in order to excel in his chosen field of career. I should improve my knowledge, talents and skills to stay in the competition or else I will be lagged behind. Once left behind, I will likely face termination not only…
Emergency Assignment for the subject "Business Law". Writer MUST be ON TIME. Writer needs to send me some progresses on the 20thMarch UK time for tutor's permi
The treaty of Rome 1957 established the European atomic energy community (EURATOM). A second treaty of Rome 1957 established the European Economic Community (EEC), now contained in the treaty of European Union 1992, consolidated into the treaty of Amsterdam.…
Assignment for the subject "Value and Performance", of my course "Business Administration". Writer MUST be ON TIME. Writer needs to send me some progresses on t
This study focuses on the financial values of the company by carrying out a ratio analysis for the company and comparing the results with industry averages.…
Assignment for my course "International Accounting and Consultancy". Writer MUST be ON TIME. Writer needs to send me somethinganything on the 13thMarch UK tim
The IFRS make the entities achieve this purpose by enabling them to provide segment wise information. However the entities do not incur any excessive cost for such reporting; they are able to make only at a little extra cost. IFRS 8 arises from the IASB's comparison of International Accounting Standard 14 (IAS 14) 'Segment Reporting' with the US standard SFAS 131 'Disclosures about segments of an…