|
Title: At a minimum, a switch to IFRS from GAAP will affect companies' accounting information system by Post by: dillon_green23 on Apr 8, 2019 At a minimum, a switch to IFRS from GAAP will affect companies' accounting information system by
• requiring companies to increase the processing power of their existing accounting information systems. • requiring IT departments to hire programmers that are fluent in languages besides English. • requiring the creation of additional fields in research and development (R&D) records to capture information about the stage of research and development that costs are incurred in. • requiring firms to completely redesign their existing accounting information systems because current systems are not compatible with IFRS accounting principles. Title: At a minimum, a switch to IFRS from GAAP will affect companies' accounting information system by Post by: kamronet on Apr 8, 2019 Content hidden
|