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Describe the use of ifrs

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Question: Geneva Technology Company (GTC), a Swiss-based company founded in 1999, is considering the use of IFRSs in preparing its annual report for the year ended December 31, 2007. You are the manager of GTC's fixed assets accounting department.

Required: Identify the steps that you will need to take in your department to comply with the requirements of IFRS 1.

Reference no: EM131705108

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