Assignment First

  本篇英国论文代写推荐-国际财务报告准则(IFRS)讲了国际财务报告准则(IFRS)是国际会计准则委员会(IASB)提出的要求世界各地所有进行财务报告的公司都必须遵守财务报告的普遍规则的主张。该规则要求所有公司遵守在财务报告中采用国际财务报告准则(IFRS)提出的条件,以使财务报告标准普遍化,并减少更高和一致的不确定性水平。本篇英国论文代写推荐由英国第一论文 Assignment First辅导网整理,供大家参考阅读。

  International Financial Reporting Standards (IFRS) is the proposition put forward by International Accounting Standards Board (IASB) that requires all companies with financial reporting across the world to abide by universal rules of financial reporting. The rules requires all companies to obey the conditions proposed by the IFRS to be adopted in financial reporting so as to universalise the financial reporting standards and reduce higher and consistent levels of uncertainties.

  This critical piece examines the article put forward by Ball (2006) who discusses the pros and cons of adopting IFRS standards for investors across different regions and nations with completely different rules of accounting practices. It is worthwhile to examine the issues raised in both the advantages and disadvantages of adopting IFRS standards and criticize them with extant literature that establishes some resemblance between different financial reporting standards across nations.

  Critical discussion of the article

  Ball (2006) asserts that adopting the IFRS has been neither superiorly accepted nor wholeheartedly rejected. IFRS requires all companies across different nations to shift from their regional financial reporting standards and practices to a universally defined method, as proposed by the IFRS. The primary reason for this is to reduce pilferage, eliminate base erosion and profit shifting, and standardise the reporting standards to better integrate global markets. Ball argues that although the IFRS standards seem to be fair for many reasons, the global economies largely remaining individual and domestic for the future due to political monitoring, there may be difficulties that pervade all efforts of universalising and standardising the reporting standards.