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Economics - Financial Markets 12 Online
OpenStudy (anonymous):

U.S. firms may soon shift to international financial reporting standards (IFRS) where accounting standards are based far on more general principles than on highly detailed rules. Discuss the advantages and disadvantages of far less detailed rules. Link page http://books.google.com.ng/books?id=Mtl6LBhI8QQC&pg=PA152&lpg=PA152&dq=suppose+you+were+advising+the+ceo+and+cfo+of+brinker+international+or+starbucks+corporation+about+whether+to+restate+financial+statements+for+the+errors+discussed+in+this+case&source=bl&ots=YfUEnbGrHR&sig=AVSdaAXWC2m09QMQlssczfO7yxs&hl=en&sa=X&ei=f3TCUKqBG4exhAek0YF4&red

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