- 5 Marks
CR – Nov 2016 – L3 – Q5c – Regulatory Framework and Ethics
Discuss the advantages of Ghana’s adoption of IFRS as national accounting standards for Ghanaian companies.
Question
In 2007, Ghana adopted the International Financial Reporting Standards (IFRS). This move has been applauded by many who suggest that Ghana’s adoption of IFRS will offer many advantages to Ghanaian companies.
Required:
Discuss the advantages that Ghana’s adoption of IFRS as National Accounting Standards offers to Ghanaian companies.
Find Related Questions by Tags, levels, etc.
- Tags: Benefits of IFRS, Financial Reporting, Ghana, IFRS
- Level: Level 3
- Topic: Regulatory Framework and Ethics
- Series: NOV 2016
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