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