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                    [Title] => Banks must meet challenges, make adjustments
                    [Summary] => The effort to fully adopt International Financial Reporting Standards (IFRS), also known as International Accounting Standards (IAS), in the Philippines has far-reaching implications for banks. Spearheaded by the International Accounting Standards Board (IASB), the IFRS project seeks to harmonize accounting principles worldwide to provide a common language for the world’s capital markets and make it easier for financial statement users to understand and compare financial information. 


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                    [AuthorName] => Wilson P. Tan and Vicky Lee-Salas
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DISCLOSURE AND PRESENTATION

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Banks must meet challenges, make adjustments

By Wilson P. Tan and Vicky Lee-Salas | June 15, 2004 - 12:00am

The effort to fully adopt International Financial Reporting Standards (IFRS), also known as International Accounting Standards (IAS), in the Philippines has far-reaching implications for banks. Spearheaded by the...

Banking