Can someone give me good websites detailing the history of the IFRS (International Financial Reporting Standards)? Or just give me a basic outline please?
Boss wants me to write an essay about it, I am also checking libraries, a few pointers would be great =) Thanks in advance!
I don't know much about it. But it looks like Wikipedia has a decent outline to at least start from with links to other places:
http://en.wikipedia.org/wiki/International_Financial_Reporting_Standards
Sure, I can help you with that!
To find good websites detailing the history of the International Financial Reporting Standards (IFRS), you can start by searching for reputable sources on the topic. Since you mentioned that you are also checking libraries, that's a great idea, as libraries often provide access to scholarly journals and resources that can provide in-depth information.
In addition to the Wikipedia link you shared, which is a good starting point, here are a few more suggestions for finding information about the history of IFRS:
1. Official IFRS Foundation Website: The IFRS Foundation is the organization responsible for developing and promoting the IFRS. Their website (https://www.ifrs.org/) provides a wealth of information about the history of IFRS, including the background, milestones, and key developments. You can explore their "About" section or search their publications and resources.
2. Official International Accounting Standards Board (IASB) Website: The IASB is the independent standard-setting body responsible for developing the IFRS. Their website (https://www.ifrs.org/issued-standards/list-of-standards/) provides access to the IFRS standards themselves, as well as historical documents and information about their development.
3. Financial Reporting Council (FRC) Websites: Depending on your location, you can check the website of your country's financial reporting regulator. Many regulators have dedicated sections on their websites that provide information about the adoption and history of IFRS in their respective jurisdictions. For example, the Financial Reporting Council (FRC) in the UK has a section on their website that details the history of IFRS adoption in the country (https://www.frc.org.uk/Our-Work/Codes-Standards/Accounting-and-Reporting-Policy/IFRS1-Adoption-of-New-UK-Ireland-Accounting-Standards.aspx).
4. Academic Databases: If you have access to academic databases through your library, you can search for scholarly articles, research papers, and journals that discuss the history of IFRS. Databases such as JSTOR, EBSCOhost, and ProQuest can be excellent sources for such information.
Remember to critically evaluate the sources you find to ensure their credibility and reliability. Peer-reviewed journals, government publications, and official websites are generally more reputable sources.
Once you have gathered information from these sources, you can use it to create an outline for your essay. An outline might include sections such as:
I. Introduction to IFRS
- Definition and purpose of IFRS
II. Evolution and Development of IFRS
- Historical context and need for global accounting standards
- Establishment of the International Accounting Standards Committee (IASC) in 1973
- Transition from IASC to IASB and the formation of the IFRS Foundation
- Key milestones and developments in the history of IFRS
III. Adoption and Implementation of IFRS
- Global adoption trends and timeline
- Challenges and benefits of adopting IFRS for different countries
IV. Impact of IFRS on Financial Reporting
- Changes in accounting practices and standards
- Harmonization of financial reporting across borders
V. Future Perspectives and Criticisms
- Current developments in IFRS
- Criticisms and debates surrounding IFRS
VI. Conclusion
Remember to cite your sources properly when using information from various websites or publications in your essay.
Good luck with your research and essay writing!