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Squeezing Value from Ifrss Changes: a Framework for Implementation: Case Financial Statement Presentation Tiina Tammenpää

International Financial Reporting Standards (IFRS) are increasingly widespread as a basis for the accounting system of companies across the world. At the same time, the standards are evolving rapidly through convergence projects and other macro-environmental changes. As producers of external reporting information firms reporting under IFRS must follow these changes closely and implement them to existing processes to ensure compliance in their financial statements. Are you responsible for following up on these changes? Interested in how they can be implemented successfully within a firm taking into account all stakeholders? After reading this book, you will have a researched starting point for implementing the large amount of IFRS standard changes in the pipeline. The focus of the research is on how changes should be implemented after the initial adoption of the standards has already been completed. The book develops an exploratory process framework for implementation. In addition, contextual and organizational variables that have an effect on the success of the implementation process are identified through the contingent setting of a case standard change example.