• Service: Audit
  • Industry: Special Interests, IFRS
  • Type: Business and industry issue
  • Date: 10/29/2012

Impact of IFRS: Shipping 

In 2011, we reported that it was difficult to obtain comparable financial reports for the biggest shipping companies in the world. But the picture is getting better as many countries are swiftly adopting International Financial Reporting Standards (“IFRS”) and that local GAAPs were likely to be superseded in the next couple of years. The challenge remains for preparers and users alike, as to how to adopt the principles of IFRS in the world of shipping.
The new publication – Impact of IFRS: Shipping – examines how shipping companies are dealing with some of the more complex issues of IFRS in practice, including cost capitalization, depreciation and residual value, leasing and others.
Impact of IFRS: Shipping
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