Convergence Guidebook for Corporate Financial Reporting

Praise for Convergence Guidebook For Corporate Financial Reporting

"A revolution in financial reporting is barreling its way toward the United States. No book will prepare you, your department, or your company as well 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 guidebook 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

"This thoroughly accessible guide presents a clear, no-nonsense review of the process of Convergence and the impact this will have on preparers and users of financial reports, as well as the labor market, in the U.S.. The author expertly dispels many of the myths surrounding rules vs. principles based reporting and offers realistic and practical advice to those who need to ensure their skills are updated to face the challenges of the future. This book is a timely wake up call for accounting practitioners and educators alike."
—Muir Brown Head of Strategic Business Unit—Americas & Caribbean, ACCA

"Talk about timely! Anybody that has to make a decision about IFRS, or is otherwise going to be affected by IFRS, should read the insights in these chapters. This is the clearest road map I've seen for what the future holds for accounting."
—Gary Illiano, National Partner-in-Charge, International and Domestic Accounting, Grant Thornton LLP

"Convergence is coming. Preparers and auditors need to get ready. The Guidebook is a must-read as you get ready to lead your company through this change."
—Arleen R. Thomas, CPA Senior Vice President, Member Competency and Development, AICPA