Describe your understanding of why the ifrs was created and


Financial reporting:

Please provide the reference in APA format used on a reference page and please cite in APA format on which paragraph the information and or idea was used within the document.( Please cite these sources according to APA guidelines) In-text citation examples shown are for paraphrases and summaries (Author-Date pattern).

When citing a direct quote, you will also need to include either a page number or paragraph number (Author-Date-# pattern). (Ex: In-Text Citation: (Webb & Jones, 2009)) (Ex: Reference: information a paper below. Web sites are cited differently. Webb, S. J., & Jones, E. J. H. (2009).

Early identification of autism: Early characteristics, onset of symptoms, and diagnostic stability. Infants & Young Children, 22(2), 100-118.)).

Instructions are as followed: "Conduct research on the history of the IFRS.

In your own words, describe your understanding of why the IFRS was created, and how this will affect the accounting profession in terms of business relationships.

Is this going to be seen as a positive change or will it present challenges? Explain."

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Financial Accounting: Describe your understanding of why the ifrs was created and
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