Thursday, August 16, 2007

Accounting standards

Books of Account
The Complete Guide to International Financial Reporting Standards
Ralph Tiffin


Indian accounting is getting ready to blend with the global norms by 2011. To professionals preparing to cope with the shift, here is the second edition of The Complete Guide to International Financial Reporting Standards by Ralph Tiffin ( http://www.vivagroupindia.com).

“A prime aim of standards is to bring consistency of reporting within and between countries. Investors and others using financial statements (e.g. for investing or benchmarking purposes) can then make decisions based on consistently prepared data,” he explains. “As never before, professional advisers, directors and executive officers from functions other than finance are affected by the requirements of accounting standards.”

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