Impact of IFRS on Technology Industry

“Impact on Technology Industry” authored by Anand Chatterjee looks at how the technology companies are affected by the adoption of IFRS. The transition to IFRS in this industry will bring about a change in the firms’ accounting policies and procedures. The implementation of IFRS has to be done with care, by assessing the impact, and communicating it to the stakeholders, and formulating strategies for successful implementation. This article highlights the strategies technology companies are adopting for implementing the IFRS. Areas of impact of IFRS in the technology sector include disclosure norms and financial reporting, recognition of revenue, stock options and share-based plans and treatment of foreign currency. For the complete article please visit : http://www.books.iupindia.org/overview.asp?bookid=IB1100661