Principle-based Accounting: power based on Japanese GAAP and IFRS
◆ Toward an era where one must think about accounting
In June 2011, it was reported that the compulsory application period for the IFRS was likely to be postponed, but before deciding when to introduce it, we must consider why it is better or worse than the Japanese GAAP.
It wasn't even discussed and it wasn't refreshing. Regardless of the accounting standards that apply, accounting and finance personnel require problem-solving skills, just observing established rules is no longer valid. Therefore, this book says, "Let's think carefully about Japanese GAAP and IFRS while we have time."