Analysis of the Implementation of IFRS

Running head: ANALYSIS OF THE IMPLEMENTATION OF IFRS
Analysis of the Implementation of IFRS
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Analysis of the Implementation of IFRS
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Rationale of the topic.................................................................................................................5
Research questions.....................................................................................................................5
Conclusion..................................................................................................................................5
Reference....................................................................................................................................6

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Analysis of the Implementation of IFRS
Executive summary
The aim of the report is to analyse the implementation of the IFRS on the companies of
Singapore and what benefits the companies can avail from the implementation of the
international financial reporting system. The report ends with the analysis of the rationale for
the implementation of the IFRS.

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Analysis of the Implementation of IFRS
Introduction
The implementation of IFRS helps to bring more transparency and fairness in the
accounting system of the companies of Singapore. the rules and guidelines of the IFRS
ensures that the companies maintain a standard for recording the financial transactions. The
following articles provide justification for the implication of the IFRS in the Singaporean
companies.
Discussion
This article provides evidence on the fair value grading on balance sheet financial
assets and financial liabilities are fused in the market’s assessment of companies’ equities in
Singapore. The consequences of the research reproduce substantial suggestion between level
1 and level 2 fair value actions of the assets and market value. The study discloses that the
investors mainly overlook OCI in their valuing of shares (Tan 2015)
The study discloses the corporate worth though economic value added does not have
an influence on IFRS application in companies in Singapore. The research process uses
numerous regressions, with purposive specimen technique on as many as 45 companies in
Singapore (Ahalik et al 2019).
This study underwrites to the research on breach of inadequate investigation study on
the IFRS acceptance at organization perception from recognized theory viewpoint as
preceding institutional research absorbed on isomorphism effect on the IFRS adaptation at the
general level perspective (Phang & Mahzan 2017).
The study delivers that before the application of the IFRS the SFAS was used. the
execution of the IFRS helps in conveying more transparency in recording the financial
transactions of the Singaporean companies (Filip et al 2017).