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International standards will smooth credit management. (International Section).
Credit managers may soon reap the benefits of the thirty-year struggle to achieve international accounting and reporting standards.
In the long fight for international standards for accounting and financial reporting, more progress has been made in the past two years than in the previous three decades. Within the foreseeable future, the International Accounting Standards (IAS)--now emerging as the new norm in Europe and much of Asia--will allow direct cross-border comparisons of financial statements and more accurate credit analysis. Experts generally agree that IAS provides a more realistic picture of profits and losses than the national standards now in effect. ...
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Source: HighBeam Research, International standards will smooth credit management. (International...