Accounting Books

Accounting Magazine

Familiarity with IFRS is becoming necessary for Japanese investors when they analyze corporate financial statements.

Yoshihiro NOMURA
Senior Strategist
Investment Strategy Department
Financial & Economic Reseach Center
Nomura Securities Co., LTD

Summary

For now, while they need to stay on top of new Japanese accounting standards that continue to converge with IFRS, they also need to increase their understanding of IFRS itself at the same time. Investors will need to consider the financial reporting system in the world five years from now to fully prepare for it.