Examlex
High Traders Inc.is a private Canadian company.The company adopted accounting standards for private enterprises early in 2009 since there were few changes required on changeover.However,a new CFO has just been hired and now is suggesting that the company consider adopting IFRS in the near future.
Required:
Outline four possible reasons that a private company in Canada might choose to adopt IFRS.What would be the costs related to changing to IFRS?
Feasibility Studies
Assessments of the practicality of a proposed plan or project, focusing on such aspects as cost, technology, and time.
Pages
Documents that are written or printed, or digital equivalents, often as part of a book, magazine, or website.
Unanimous
Pertaining to a decision or opinion held or expressed by everyone in a group without dissent.
Business Plan
A detailed document that outlines the objectives, strategies, financial forecasts, and market analysis for a new or existing business.
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