As a result of the global convergence of financial reporting standards, U.S. GAAP is changing profoundly. U.S. GAAP is also being abandoned by many public and private companies, and will eventually be replaced by a higher-quality set of global standards. The Convergence Guidebook for Corporate Financial Reporting provides the timely, practical guidance that CFOs, controllers, and other financial managers need in order to prepare for the impact of Convergence on their companies, departments, and careers. Guidebook readers will also learn why they must begin preparing for "the next big challenge in corporate financial reporting" now.
Part I Phenomenon of Convergence
Part II Impact of Convergence on Financial Reporting in the United States
Part III Impact of Convergence on U.S. Labor Markets
Part IV Preparing for the Impact of Convergence
"A revolution in financial reporting is barreling its way toward the United States. No book will prepary you, your department, or your company aswell as Bruce Pounder's Convergence Guidebook for Corporate Financial Reporting."
--Scott S. Cohen--
Publisher, Compliance Week
"Mr. Pounder has written the first book that I Know of that holistically addresses Convergence from a value perspective the value to organizations, the value to one's career, the value to investors, and the value to economic development by taking Convergence seriously now! By starting off his practical guidebool with an emphasis on the financial reporting supply chain, he is emphasizing that Convergence is much more than implementing standards it is also an opportunity for the management accountant to partner with operations to assess the end-to-end impact and implement Convergence in financial reporting such that greater value is delivered to stakeholders."
--Jeffrey C. Thomson--
President and CEO, Institute of Management Accountants