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Chapter 15

Adoption of International Financial

Reporting Standards

Outcome

By the end of this session you should be able to:

 apply and discuss the accounting implications of the first-time adoption of a
body of new accounting standards

 evaluate the implications of worldwide convergence with International Financial
Reporting Standards

 discuss the influence of national regulators on International Financial Reporting
Standards

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 15 of your Study Text

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