Prologue : Financial Accounting and Accounting Standard

Hi  :)

My name is Ivan. I'm studying accounting in Maranatha Christian University, Indonesia.
I interested in sharing accounting knowledge each other with all of you, especially IFRS based financial accounting.

Now, International Accounting Standard Board (IASB) and Financial Accounting Standard Board (FASB) work on joint venture to develop the international financial reporting standard (IFRS) that will be applied to all business financial reporting. This is done to achieve the "harmony" in financial reporting and interpreting of all financial statement user.

In my country, Indonesia, IFRS will be adopted by 2012 (next year). So, universities in Indonesia that is currently still using US GAAP will adopt the IFRS rule in their accounting course.

Due to worldwide IFRS convergence, the accounting materials I posted in my blog are based on IFRS.

I hope this blog will be usefull for you.

Also, I really thankful for your correction to the content of my blog. 

Thank you. :)