Running Head: ACC 675 aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa a aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa
aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa 1
7-2 Final Project Milestone Four: IFRS Report
ACC675
SNHU
2
V aa 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 to to
been 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 of the basic areas of
difference the adoption of a holistic approach is to lease classification. The accountants in
