Question and answer
What is the main function of the financial reporting interpretations committee?
Financial accounting reports to the public in financial statements according to GAAP standards while managerial accounting is used inside the company for strategic purposes.
Expert answered|ttcany|Points 937|
Question
Asked 1/8/2010 9:20:49 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
what is the main function of the reporting interpretations committe?
Question
Not Answered
Updated 2/16/2010 2:53:12 PM
1 Answer/Comment
The International Financial Reporting Interpretations Committee interprets the application of International Financial Reporting Standards (IFRSs) and provides timely guidance on financial reporting issues not specifically addressed in IFRSs or IASs, in the context of the IASB's framework, and undertakes other tasks at the request of the Board. IFRIC publishes draft Interpretations for public comment and considers comments made before finalising an Interpretation. When the IFRIC has reached a consensus on a final Interpretation, the Interpretation is submitted to the IASB Board for approval.
Added 2/16/2010 2:53:12 PM
24,988,863 questions answered
Popular Conversations
A synonym is a word that has the same meaning as another word.
Weegy: A synonym is a word that has the same meaning as another word. TRUE. User: A synonym is a. A word that ...
4/30/2016 12:46:40 AM| 2 Answers
In December 1997, the United Nations Framework Convention on Climate ...
Weegy: your answer is A. slow the global energy crisis by encouraging nations to find new sources of nonrenewable ...
5/1/2016 12:33:13 PM| 2 Answers
A mixture of metals is called a ...
4/30/2016 12:19:30 AM| 1 Answers
Weegy Stuff
S
Points 31 [Total 31] Ratings 1 Comments 11 Invitations 1 Offline
S
Points 29 [Total 29] Ratings 1 Comments 19 Invitations 0 Offline
S
Points 18 [Total 87] Ratings 0 Comments 18 Invitations 0 Offline
S
Points 5 [Total 150] Ratings 0 Comments 5 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
Points 3 [Total 12255] Ratings 0 Comments 3 Invitations 0 Offline
Points 0 [Total 0] Ratings 0 Comments 0 Invitations 0 Offline
Points 0 [Total 0] Ratings 0 Comments 0 Invitations 0 Offline
S
Points 0 [Total 0] Ratings 0 Comments 0 Invitations 0 Offline
S
Points 0 [Total 0] Ratings 0 Comments 0 Invitations 0 Offline
S
Points 0 [Total 0] Ratings 0 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.