Joint Project of the IASB and FASB: Financial Statement Presentation

Uploaded by :

A 3 page paper discussing changes likely to result from collaboration between IASB and FASB for presentation of financial statements. The Joint International Group is careful to state that changes do not address components comprising factors included on gross financial statements. The purpose is to facilitate understanding of an organization's present financial position in uniform terms. The end result should be that investors or potential investors will be able to examine financial statements from a single perspective regardless of where the organization is headquartered. Bibliography lists 3 sources.