International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). [1]

2024年6月10日 · History of IFRS . IFRS originated in the European Union with the intention of making business affairs and accounts accessible across the continent. It was...

From 2001 onwards, IFRS standards issued and managed by the IFRS Foundation, began to replace the International Accounting Standards (IAS). Although the IFRS standards have been …

History The IFRS Foundation and the International Accounting Standards Board were established in 2001 , replacing the International Accounting Standards Committee (IASC), which was set …

Interest in international accounting began to grow in the late 1950s and early 1960s due to post World War II economic integration and the related increase in cross-border capital flows. The …

International Financial Reporting Standards (IFRS) play a pivotal role in shaping how companies communicate their financial performance and position to stakeholders worldwide. This …

In this blog, we’ll explore IFRS in detail, covering its history, importance, key principles, and much more. The journey of IFRS began in the 1970s when global markets started to expand rapidly, …

By placing the financial reporting in its business background, a better understanding of the accounting world is reflected by managers. This paper provides a historical evolution of the …

The IFRS began as an attempt to harmonize accounting across the European Union, but the value of harmonization quickly made the concept attractive around the world. They are …

2024年9月2日 · IFRS Standards provide a globally consistent framework for financial reporting, ensuring transparency and comparability across borders. The transition from IAS to IFRS was …