Expiain the meaning of convergence - Identify the arguments for and against international convergence of financial reporting standards
- Discuss major harmonization efforts under the IASC
- Explain the principles-based approach used by the IASB in setting accounting standards
- Describe the proposed changes to the IASB's Framework
- Discuss the IASB's Standards related to the first-time adoption of IFRS and the presentation of financial statements - Describe the support for,and the use of,IFRS across countries