IFRS Gaining Support Among U.S. Financial Leaders


TONE AT THE TOP 

Deloitte’s 2008 IFRS survey, Where Are We Today?, found that 30% of CFOs and other senior finance professionals would consider adopting IFRS if given a choice by the SEC within the next three years.

When surveyed six months earlier, only 20% said they would consider adopting IFRS.

While interest in adopting IFRS is growing, the survey indicated twothirds of companies considering IFRS thought their personnel in U.S. operations lacked sufficient knowledge of the standards versus one-third for their non-U.S. operations.

Source: Deloitte, www.deloitte.com/us/ifrs/2008survey.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.