Buy custom The impact of the current changeover from UK GAAP to IFRS on the performance and financial position of Kingfisher Plc.
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2454 |
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The disclosures required under UK GAAP and IFRS are, however, different in some cases (www.accountancyage.com, 2004).
Like many other major accounting changes, the introduction of IFRS has been controversial. A common complaint has been that UK GAAP are already robust enough, and that it is the European regulators who need to pull their socks up...
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The disclosures required under UK GAAP and IFRS are, however, different in some cases (www.accountancyage.com, 2004).
Like many other major accounting changes, the introduction of IFRS has been controversial. A common complaint has been that UK GAAP are already robust enough, and that it is the European regulators who need to pull their socks up...
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The impact of the current changeover from UK GAAP to IFRS on the performance and financial position of Kingfisher Plc.
The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process.
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