1. One Globalized World, One Set of Accounting Standards: Ready Or Not2. What Are International Financial Reporting Standards?3. First Steps Toward International Accounting and Global Standard Setting4. Standards Promulgated By the IASC Interpretations Committee That Are Still in Force5. Emergence of the International Accounting Standards Board6. Governance and Structure of the IASC Foundation, Monitoring Board, IFRS Advisory Council, IASB, and the IFRS Interpretations Committee7. Global Outreach and Acceptance of IFRS Across Borders8. Favorable and Historic Breakthroughs in the United States9. The Way Forward