Review the case study on Ericsson.
- Identify the major sources of influence on Ericsson's accounting standards and practices.
- If you were in the position of CFO, would you recommend that Ericsson adopt full IFRS or IFRS as adopted by the EU? Provide a rationale for your recommendation.© BrainMass Inc. brainmass.com December 20, 2018, 9:33 am ad1c9bdddf
The major sources of influence on Ericsson's accounting standards and practices, include Ericsson's unique organizational culture, which will serve to dictate this organization's perceptions and thinking in reference to its accounting standards and practices, which will invariably influence its choices in this respect. The capital market situation, and the stipulations that are endorsed by both regional and global accounting standards setting groups, will also have a large influence on Ericsson's ...