The Reason Why IFRS is Chosen as the Team's Name

Budi : Since Indonesia will implement this standard this year, it's better for us to know this term, because this term is related to our future job.

Muliawan : Because it sounds kind of cool. Especially because it still fresh in my mind after having the first Managerial Accounting Class this morning and the terms IFRS mentioned by the Lecturer=D then when the group needs a name, the first word pop-up in my mind is IFRS.
LoL.

S.Richard : I admit it sounds kind of cool, especially since at the time i didn't know the meaning of the word. so, when they suggested it i just go along with it. To my regret that the meaning of IFRS is quite hard to understand.. if i knew of this, i would have chosen names like Lord of the Ring or something.

The Team Profiles

here are three members of our team that consist of:

1. Budi Setiawan / IBMP / 17021
2. Muliawan / IBMP / 17103
3. S Richard / IBMP / 17403

Profiles:

#1

Name : Budi Setiawan

Address : Magelang St #93, Sleman
Hobbies : Playing computer

Education

Junior High School :

>SMP N 8 Yogyakarta

Senior High School :

>SMA N 3 Yogyakarta

University :

>Duta Wacana Christian University - Informatic Engineering

>Atma Jaya Yogyakarta University - International Business Management Program

Contacts:

e-mail

Yahoo : suen_liong@yahoo.co.uk

Gmail : suen.liong@gmail.com

MSN : suen_liong@windowslive.com

Live@edu : budi_setiawan@mhs.ukdw.ac.id

071217021@students.uajy.ac.id

Messenger

YM : bs_hsl@yahoo.com

Gtalk : suen.liong@gmail.com

MSN : suen_liong@windowslive.com

Live@edu : budi_setiawan@mhs.ukdw.ac.id

071217021@students.uajy.ac.id

Social Networking

Facebook : http://facebook.com/hsl88

Plurk : http://www.plurk.com/suen_liong

#2
Name : Muliawan
Address : Parangtritis St #23
Hobbies : Living the Life in a Meaningful Way
Motto : Time is Money
Fav. Food & Drinks : Chinese Food & Mineral Water
Fav. Subject : Finance

Contacts:

e-mail

Yahoo : molz88@yahoo.com

MSN : chingyen@live.com

Live@edu : 081217103@students.uajy.ac.id

Messenger

YM : molz88

Social Networking

Facebook : http://www.facebook.com/profile.php?ref=profile&id=1191876609

#3

: Richard

Address : P. Puger 5 #1
Hobbies : Playing Games
Motto : It's not the great who are strong, it's the strong who are great
Fav. Food & Drinks : Pizza & Coca - Cola
Fav. Subject : Human Resource

Messenger

071217403@students.uajy.ac.id

The Definition of IFRS

International Financial Reporting Standards (IFRS) is the term used in determining the standards, the framework, and the interpretation of the financial data into an appropriate report. IFRS used to be called International Accounting Standards (IAS) which was issued in the year of 1973 until 2001. The name was then changed into IFRS by the International Accounting Standards Board (IASB) after resuming the responsibility of the previous IASC (International Accounting Standards Comitee). Until now the IASB still thrive to add new standards to the IFRS.