A Comparison of the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) for Small and Medium-Sized Entities (SMES) and Compliances of Some Asian Countries to IFRS. A Comparison of the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) for Small and Medium-Sized Entities (SMES) and Compliances of Some Asian Countries to IFRS.

A Comparison of the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) for Small and Medium-Sized Entities (SMES) and Compliances of Some Asian Countries to IFRS‪.‬

Journal of International Business Research 2011, Dec, 10, S3

    • 25,00 kr
    • 25,00 kr

Publisher Description

This paper compares International Financial Accounting Standards (IFRS) with Generally Accepted Accounting Principles (GAAP) for small and medium-sized entities (SMEs). It touches in part convergence by the Financial Accounting Standard board (FASB) and International Accounting Standard Board (IASB) in bringing IFRS and GAAP to become one international set of standards. Countries will adopt IFRS in response to this global convergence. Asian countries have started compliance with these standards as early as June 2003 when first time adoption was issued by London International Accounting Standards Board (IASB). This paper will present the compliance of selected Asian countries such as China, India, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Thailand, and Vietnam with the IFRS as of 2009-2010. INTRODUCTION

GENRE
Business & Personal Finance
RELEASED
2011
1 December
LANGUAGE
EN
English
LENGTH
44
Pages
PUBLISHER
The DreamCatchers Group, LLC
SIZE
299.3
KB

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