As we are continuously facing the evolving markets and for the reasons of expanding more and more businesses. New standards are released, old ones are adapted and new interpretations made. This makes it crucial for organizations to be up-to-date on the latest developments.
Approximately 120 nations and reporting jurisdictions permit or require IFRS for domestic listed companies, although approximately 90 countries have fully conformed to IFRS.
By adopting IFRS, a business can present its financial statements on the same basis as its foreign competitors, making comparisons easier. Furthermore, companies with subsidiaries in countries that require or permit IFRS may be able to use one accounting language company-wide.KPMG Academy offer wide choices and options to help you get the latest updates, keeping you on the right track, and developing a working knowledge of this area by: