Operating profit declined 21 percent YoY to pound 0.83 billion (IFRS
), up 11 percent (non-IFRS) and up 8 percent (non-IFRS at constant currencies).
SAP had a solid performance in the EMEA region with cloud and software revenue increasing 11% (IFRS
) and 11% (non-IFRS at constant currencies).
AJMS with its extensive experience in effectively assisting companies to monitor and manage risk & compliance with regulatory requirements will drive the product blueprinting for the new IFRS
17 solution being developed by Beyontec.
implementing the new IFRS
standards as an opportunity to transform their business, with a focus on process optimisation (identified by 77pc), actuarial process enhancement (65pc) and system modernisation (58pc).
Early research by Thomas (2009) emphasized the need of colleges and universities to respond to the challenges of teaching IFRS
and integrate IFRS
into their curricula.
promotes accuracy in preparing the financial statements of a business.
In parallel, the European Banking Authority has also published today a Report on results from the EBA impact assessment of IFRS
9, following its January 2016 impact assessment of the standard on a sample of approximately 50 institutions across the European Economic Area (EEA).
Accountants working on such an analysis are likely to run into competitors, buyers, and suppliers that report their financial results in IFRS
. Given the speed needed in M&A deals, financial reporting differences take on a higher level of intensity.
Liu (2009) and Liu and O'Farrell (2010) found significant differences between IFRS
reported net income and net assets and US-GAAP reported values for the same company during the 20042006 period.
The majority of companies (over 80 %) did not use IFRS
in their reporting and do not plan to use it in the future.
The main objectives of this article are related, on the one hand, to characterizing the results of scientific research on the effect of IFRS
adoption that have been published in the most prestigious scientific journals in the field of accounting at the international level and, on the other hand, with the identification of avenues for further research.
The recent announcement that India is on track towards adopting the International Financial Reporting Standards (IFRS
) is a welcome news, as it will help the country to attract foreign investment.