New Acronym, IFRS, and What Compliance Means to My Business

I’m not a trained financial type but I continue to hear about IFRS (International Financial Reporting Standards) accounting and how it will change your business. In a nutshell,  globalization forces commonality with accounting rules. It’s all about standardization. GAAP (Generally Accepted Accounting Principles) has been dethroned. Ten Minutes on Transitioning to IFRS . All US [...]