Ifrs Advantages and Disadvantages
UNIVERSITY AMERICAN COLLEGE SKOPJE
To be completed by students (typewritten) COURSE NUMBER | | COURSE TITLE | Financial Accounting | SEMESTER | V | SESSION | | ASSIGNMENT NUMBER | 1 | SUBMISSION DATE DUE | | ASSIGNMENT TITLE | IFRS: Advantages and disadvantages | INSTRUCTOR’S NAME | |
To be completed by the front desk secretary or the course administrator SIGNATURE | DATE SUBMITTED | HOUR SUBMITTED | MATERIAL SUBMITTED | | | | Hard copyE-submission | |
To be completed by the instructor SIGNATURE & DATE | MARK * | MARK AFTER ORAL
(if applicable) | SUBMISSION | | | | On TimeLate | | * fill in the slot in the covered area if blind second marking is requiredOther comments: STUDENT NAME(s) | Elena Donevska |
Declaration:
I declare that I have developed and written the enclosed Written work completely by myself, and have not used sources or means without declaration in the text. Any thoughts from others or literal quotations are clearly marked. The Written work was not used in the same or in a similar version to achieve an academic grading or is being published elsewhere. STUDENT REG. NUMBER(s) | 1666 |
To be completed by the 2nd examiner (if applicable) SIGNATURE | MARK | | | AGREEDFINAL MARK | |
STUDENT SIGNATURE(s) | |
To be completed by students (typewritten)
MARK | |
To be completed by instructors only
If blind second marking is required
|
Contents
1. Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
2.Theory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.1. Advantages of IFRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4
2.2.Disadvantages of IFRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ….5
3.Conclusion and/or recommendations . . . .
To be completed by students (typewritten) COURSE NUMBER | | COURSE TITLE | Financial Accounting | SEMESTER | V | SESSION | | ASSIGNMENT NUMBER | 1 | SUBMISSION DATE DUE | | ASSIGNMENT TITLE | IFRS: Advantages and disadvantages | INSTRUCTOR’S NAME | |
To be completed by the front desk secretary or the course administrator SIGNATURE | DATE SUBMITTED | HOUR SUBMITTED | MATERIAL SUBMITTED | | | | Hard copyE-submission | |
To be completed by the instructor SIGNATURE & DATE | MARK * | MARK AFTER ORAL
(if applicable) | SUBMISSION | | | | On TimeLate | | * fill in the slot in the covered area if blind second marking is requiredOther comments: STUDENT NAME(s) | Elena Donevska |
Declaration:
I declare that I have developed and written the enclosed Written work completely by myself, and have not used sources or means without declaration in the text. Any thoughts from others or literal quotations are clearly marked. The Written work was not used in the same or in a similar version to achieve an academic grading or is being published elsewhere. STUDENT REG. NUMBER(s) | 1666 |
To be completed by the 2nd examiner (if applicable) SIGNATURE | MARK | | | AGREEDFINAL MARK | |
STUDENT SIGNATURE(s) | |
To be completed by students (typewritten)
MARK | |
To be completed by instructors only
If blind second marking is required
|
Contents
1. Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
2.Theory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.1. Advantages of IFRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4
2.2.Disadvantages of IFRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ….5
3.Conclusion and/or recommendations . . . .
References: Accounting and Business Research. International Accounting Policy Forum, pp. 29-30. 2006 http://ezinearticles.com/?International-Financial-Reporting-Standards---Advantages-and-Disadvantages&id=1679687 http://www.cbsnews.com/8301-505125_162-28241310/pros-and-cons-of-ifrs/?tag=bnetdomain http://www.ifrs.com/ifrs_faqs.html http://www.ifrs.com/updates/aicpa/ifrs_faq.html#q6 Interdisciplinary journal of contemporary research in business, April 2011, Vol.2 No12 Jacob and Madu, 2004 Jane L. Reimers, 2011, p . 53 See Bradely, Desai and Kim, 1988. Soderstorm & Sun, 2007, p.675.