Advanced Corporate Reporting

Hans Hoogervorst, chairman of the IASB, said at the International Association for Accounting Education and Research conference in Amsterdam on 20 June 2012 that he “was struck by the multitude of measurement techniques that both IFRSs and US GAAP prescribe”.

With reference to the measurement of tangible non-current assets, critically evaluate whether financial statements prepared using IFRS’s provide useful information. Use specific examples from the annual reports of FTSE 100 companies to illustrate your points.

Advanced Corporate Reporting

Hans Hoogervorst, chairman of the IASB, said at the International Association for Accounting Education and Research conference in Amsterdam on 20 June 2012 that he “was struck by the multitude of measurement techniques that both IFRSs and US GAAP prescribe”.

With reference to the measurement of tangible non-current assets, critically evaluate whether financial statements prepared using IFRS’s provide useful information. Use specific examples from the annual reports of FTSE 100 companies to illustrate your points.