IFRS for Microsoft Dynamics AX - 6 Gen
IFRS for Microsoft Dynamics AX - 6 Gen
IFRS for Microsoft Dynamics AX - 6 Gen
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The IASB and the US Financial Accounting Standards Board (FASB)are working to amend their respective pronouncements on variousaccounting topics with an aim to ‗converge‘ on the major issues.“... the objective of the IASB is to have a single set of highquality, principle-based standards used worldwide. The SEC andthe FASB have been important partners in the ef<strong>for</strong>t to developa single set of high quality international standards.…There is clear momentum towards accepting <strong>IFRS</strong>s as acommon financial reporting language throughout the world.”Sir David Tweedie, IASB Chairman9
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