International Financial Reporting Standards (IFRS)

The first topic that I would like to discuss here is International Financial Reporting Standards (IFRS). These are the international standards that provide a common ground to the financial transactions that occur on an international level. This is a great set of guidelines and in fact tools that enable financial experts from across the international borders to easily understand each other’s point of view related to making transaction across countries. This would be of great value to me as well because, if I have had to work for an organization that requires me to engage in international financial activities, I must be aware of the IFRS standards.

The second topic that I want to discuss here is about the non-compliance of big corporations to the ethical and legal corporate standards when they manipulate their financial statements to make them attractive to investors. They may show hypothetical figures that have no ground in the reality. I think that this topic would guide my future carrier towards adopting ethical ways of doing business.