Buy custom Adoption of IFRS in Australia
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 972 |
Essay's paper body
The adoption also allowed Australian investor to have access to high quality financial reports. This at end will also arise cost saving advantages as companies need not reconcile financial reports between different accounting regimes since slowly but shortly countries around the globe is accepting IFRS as their financial accounting standards...
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E.g. SAC 1 and 2 was not mentioned in IASB thus, Australia has to keep some of its standards as they were missing in the international accounting standards.
The main advantages of IFRS include increase capital inflows, higher trade volumes and growth in Australia’s capital markets. (Wayne L, 2005...
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General points of the essay
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