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Convergence of international financial reporting standards
Essay addressed the following questions:
A. Critical ly review literature on arguments for and against global convergence of international financial reporting standards (IFRS)
B. Identify two listed companies: one from Australian Securities Exchange (ASX) and the other from New York Stock Exchange (NYSE); and analyse the accounting policy statement in their annual reports for the reporting year 2012.
Describe the IASB Conceptual Framework's perspective of users and their decisions
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