At a minimum, a switch to IFRS from GAAP will affect companies' accounting information system by
A) requiring companies to increase the processing power of their existing accounting information systems.
B) requiring IT departments to hire programmers that are fluent in languages besides English.
C) requiring the creation of additional fields in research and development (R&D) records to capture information about the stage of research and development that costs are incurred in.
D) requiring firms to completely redesign their existing accounting information systems because current systems are not compatible with IFRS accounting principles.
Answer: C
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Manufacturing and merchandising companies are similar because they purchase products from other companies to sell to their customers.
a. true b. false
At a trade show, the most difficult buyer group for manufacturers to identify would be which group, because they don't want to be identified yet they are a very important group in terms of ability to make purchase decisions?
A) solution seekers B) buying teams C) power buyers D) reinforcement seekers