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IFRS – what does it stand for and what is it? Include dates and how it will affect businesses of all sizes; where it is and isn’t affective now, how it compares to US GAAP

IFRS – what does it stand for and what is it? Include dates and how it will affect businesses of all sizes; where it is and isn’t affective now, how it compares to US GAAP

IFRS – what does it stand for and what is it?  Include dates and how it will affect businesses of all sizes; where it is and isn’t affective now, how it compares to US GAAP – if less than 1/2 page will not receive full points