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IMPACT OF CONVERGANCE ON WESFARMERS (ASX: WES) AND AGAAP - STUDY ON WESFARMERS INTRODUCTION Lawmakers

   

Added on  2021-06-14

16 Pages914 Words53 ViewsType: 53
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CONTENTSINTRODUCTION TO THE TOPICADVANTAGES POST IFRSDISADVANTAGES POST IFRSIFRS AND AGAAP – IMPACT OF CONVERGANCEIMPACT OF IFRS IMPLEMENTATION ON WESFARMERS (ASX: WES)CONCLUSION
IMPACT OF CONVERGANCE ON WESFARMERS (ASX: WES) AND AGAAP - STUDY ON WESFARMERS INTRODUCTION Lawmakers_1

IMPACT OF INTODUCTION OF IRFS ON AUSTRALIAN COMPANIES - STUDY ON WESFARMERS
IMPACT OF CONVERGANCE ON WESFARMERS (ASX: WES) AND AGAAP - STUDY ON WESFARMERS INTRODUCTION Lawmakers_2

INTRODUCTIONLawmakers were highly impacted to move towards International Accounting Standards and announcing the same in Australia.Their arrangement was to receive these Guidelines starting on or after 1 January 2005. The Standards are obligatory on all substances.The Australian Accounting Standards Board (AASB) has issued 'Australian reciprocals to IFRS’ which were in line with the international IFRSThe AASB has made certain corrections to the IASB professions in making An IFRS
IMPACT OF CONVERGANCE ON WESFARMERS (ASX: WES) AND AGAAP - STUDY ON WESFARMERS INTRODUCTION Lawmakers_3

ADVANTAGESHelp bringing down the cost of capital Attract foreign investments in Australia on account of uniformityBring down the audit expenses which were earlier incurred on account of different types of international audit requirements.Introduction of new concepts and aspects like financial instrumentsSynergies in the arrangement, review and examination of financial reports.
IMPACT OF CONVERGANCE ON WESFARMERS (ASX: WES) AND AGAAP - STUDY ON WESFARMERS INTRODUCTION Lawmakers_4

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