International Financial Reporting
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Overview: This document is intended to introduce hedge funds and hedge fund service providers to International Financial Reporting Standards (IFRS) and to help them understand major differences between them and U.S. GAAP. The information here will also educate them on potential impacts to their organization when adopting the international standard, including considerations for accounting systems. Finally, the document will educate firms about Advent�s portfolio accounting system, Geneva,� and its currently available capabilities for supporting multiple accounting standards.