Running Head: ACC 675 b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b 1
7-2 Final Project Milestone Four: IFRS Report
ACC675
SNHU
2
V b IFRS
Trinity’s compliance with International Financial Reporting Standards (IFRS) has been
examined. The changes that the company would have make comply with IFRS has been to to
identified.
a. Implications of change accounting in standards
Change in accounting standards can have a direct and significant impact on the processes and
approaches that are adopted within the Trinity organization. One the basic areas of difference of
is to in the adoption of a holistic approach lease classification. The accountants the company
