11-15-2004, 05:30 PM
Just adding to Goodman's post
IFRS and other accounting standards, are not like any other law, these may at times be rule based / policy based and take a cummulation of text book reading, various interpetations and understanding of the issue itself.
All large accounting practices have a Technical team / partner who are consulted by other partners/managers/seniors on various issues and at times are also routed through 'risk partners', just to be sure of an accounting policy's adherence to the IFRS etc. Its not just about craming IAS or IFRS, it goes beyond that.
Moreover, this is a fluid medium and not a business administration or a marketing theory we are taking about.
I guess Ophie you are now clear on your comment earlier on
"Allah does not change the state of people unless they change what is within themselves" Quran 1311
Edited by - Pracs on Nov 15 2004 124620 PM
IFRS and other accounting standards, are not like any other law, these may at times be rule based / policy based and take a cummulation of text book reading, various interpetations and understanding of the issue itself.
All large accounting practices have a Technical team / partner who are consulted by other partners/managers/seniors on various issues and at times are also routed through 'risk partners', just to be sure of an accounting policy's adherence to the IFRS etc. Its not just about craming IAS or IFRS, it goes beyond that.
Moreover, this is a fluid medium and not a business administration or a marketing theory we are taking about.
I guess Ophie you are now clear on your comment earlier on
"Allah does not change the state of people unless they change what is within themselves" Quran 1311
Edited by - Pracs on Nov 15 2004 124620 PM
