Are You Ready? IFRS is Coming Soon
Source: Accounting Today
Is your firm ready for International Financial Reporting Standards? If not, the time to get ready is now. The SEC is targeting 2015 as the year for mandatory adoption of IFRS by public companies.
Why should your firm learn about and prepare for IFRS now?
- To stay competitive on a global level. More and more countries are adopting IFRS.
- As 2015 draws closer, there will be a greater demand for the relatively few professionals with IFRS knowledge.
- It will take time to learn how to apply IFRS, and to adapt to a whole new way of thinking compared to GAAP.
- The transition will be complicated and somewhat costly.
How can you take advantage of the new opportunities IFRS will provide?
- Learn about implementing IFRS and pass that knowledge along to your clients. You can become a resource as clients face the coming changes.
- Take IFRS training courses as they are offered.
- Make connections with other professionals who can help your clients though the IFRS transition.
- Develop personalized plans to help your clients adopt IFRS.
For the complete article, “Career Opportunities in IFRS,” click here.
From Accounting Today, July 19, 2010, SourceMedia Inc., One State Street Plaza, 27th Floor, New York, NY 10004, 800-221-1809.