International Financial Reporting Standards Are Taking Root Throughout the World

question 51

True/False

International Financial Reporting Standards are taking root throughout the world. However, it is unlikely that the U.S. will report according to IFRS before the second half of the twenty-first century.

---

Definitions:

Skills And Abilities

The competencies and capabilities that an individual possesses, which are necessary for performing tasks or jobs effectively.

Education

The process of receiving or giving systematic instruction, especially at a school or university.

Trend Analysis

The practice of collecting information and attempting to spot a pattern, often used in financial markets, but also applicable in analyzing business metrics over time.