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Prepare for the Transition to IFRS
Published on: 03/01/2012 Overview The transition to the International Financial Reporting Standards (IFRS) is quickly approaching and the switch will affect several levels of businesses, including information technology systems and tax reporting requirements. This paper provides an overview of the differences between the Generally Accepted Accounting Principles (GAAP) and the IFRS and offers strategies for making the transition to IFRS smooth and painless.
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