| Summary: | 碩士 === 輔仁大學 === 會計學系碩士班 === 100 === The purpose of this study is to examine the difficulties a company will meet when adopting IFRS. The study uses case study method and chooses S company, a company in the electronic parts and components manufacturing field, as a research object.
We focused on several characteristics of S company’s transactions and accounting policies, such as transactions on estate assets, major accounting policies, the decision on functional currency, inventories, etc.; one of the interesting issues is the discrepancy between auditors and authorities in the implementation process of IFRS.
Based on the practice of our reporting environment, larger differences of attitude in identifying economic substances still remain between financial statements’ preparers and their auditors. Therefore, managers have to make the necessary actions of advocacy and communication in advance for their financing and reporting decisions. In addition, users of financial reports may change their judgment upon degree and quality of financial reports. Enterprise must propose proper response to avoid the volatility of share price and to successfully accomplish the cross-era task.
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