The goal with IFRS is to make international comparison as easy as possible. This comparability has been difficult because each country has its own set of rules. Synchronizing accounting standards across the globe is an ongoing process in the international accounting community. IFRS is becoming real and widespread and companies are looking for solutions to overcome their challenges and dilemmas while learning lessons of its proper implementation. The aim of IFRS is to ensure that companies’ financial statements provide high quality, transparent and comparable information to users of financial statements. Businesses must demonstrate that their financial reporting standards are under control or risk damaging their reputation before course will help you master the implementation and application of the new changes to the IFRSs and the future developments, and how to effectively prepare your organization for those alterations.