Purpose of the Report
The major purpose of the report is to make the government of Indonesia aware of the various aspects to adopt International Financial Regulatory System (IFRS). In this regards, another major purpose of the report is to inform the advantages and disadvantages of adoption of IFRS. After that, it must be recommended to the government of Indonesia on the adoption of the rules of IFRS.
Audience of the Report
The main audience of the report is the government of Indonesia including Ministry of Finance (MoF) of Indonesia.
Key decisions that need to be made with the help of this report are as follows:
- The decisions on the adoption of International Financial Regulatory System
- The best alternative methods must be recommended to the government of Indonesia
- The decisions about the advantages and disadvantages of International Financial Regulatory System
- The decision about the adoption of convergence
Required Information for Decision Making
One of the major information that is needed to make effective decision is the information about current accounting practices of Indonesia. Another important factor in the process of decision-making is the current financial capacity of the government of Indonesia. It can be seen that there is immense pressure on the government of Indonesia about the adoption of IFRS. This factor cannot be ignored at the time of decision-making.
Sources of Information
The required information sources are as below:
- Related journals
- Related text books
- Related research papers
- Different kinds of comments letters of big corporations
- International Accounting Standard Board, Financial Accounting Standard Board
- Indonesia Accounting Standards
The major key words are Indonesia, IFRS, Indonesia Accounting Standards, Accounting rules, Advantages of IFRS, Disadvantages of IFRS.
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