n Management Today - Wake up and smell the coffee : why managers should be awake

Abstract

Extracted from text ... O Wake up and smell the coffee: why managers should be awake 46 Management Today March 2005 Cobus Rossouw is a chartered accountant and lectures in financial accounting in the Centre for Accounting at the University of the Free State. On 1 January this year the sun dawned on a brand new day in the history of international financial reporting when the International Financial Reporting Standards (IFRS) became effective. However, managers might think that it is only an accounting issue, but the ripple effect of IFRS might not be confined only to the accounting division of a firm. The effective ..